[zenParticipant@zen007Join Date: 2016Post Count: 46]

July 3, 2018 - 12:12 pm

Hi All,

I am about to decide on a lump sum from my super ($200k) as will cease work this Friday 6 July 2018!

I need ideas on my options:

1. Rollover lump sum to set up a SMSF corporate trustee
2. Rollover lump sum into and setup Family Trust with a corporate trustee
3. Rollover lump sum into PIT – Property Investor Trust (Chan&Taylor) and use this to invest in property developments (joint ventures)
4. Rollover half lump sum into setting up a SMSF and set up a Property Investor Trust
5. Take half pension and set up SMSF and PIT

Hear from you soon or if you know anyone. I understand I need to see a financial adviser.

Thanks

Zen

[zenParticipant@zen007Join Date: 2016Post Count: 46]

August 22, 2017 - 6:19 pm

@steven what was presented was an introduction to real estate rescue where you buy properties below market price, renovate and rent out or sell. Properties that are below market value is due to reasons of the seller such as marriage break-up, banks looking for new buyers to service the mortgage etc…for whatever reason, the properties are good, below market and as the buyer you have the opportunity to make money through reno, whatever your imagination capacity takes you in your wealth journey.

Just like what Benny said, simply search her but its better if you attend the presentation, so you can ask her more direct questions that your unsure of. Shes a great presenter and the ideas are simply one strategy and if it meets your interests then invest in her program in your own time, when you ready and done your thorough research in detail like an obsessed lawyer.

Those resources you bought for $17 will be of great learning value, if your new to property investment like me than you will find hidden gems in the chapters.

To get the specific details your after in the workshop, rather then the topping/enticing stuff, unfortunately, you will need to pay the membership amount of $6k. As the saying goes, you need to spend money to make money!

Keep us in the loop and happy investing :)

zen

• This reply was modified 6 years, 8 months ago by  zen.

[zenParticipant@zen007Join Date: 2016Post Count: 46]

August 14, 2017 - 4:30 pm

Hi Steven

Yes I attended her free 3hr workshop last year held in Sydney city (forgot which hotel) and the strategy she uses is effective if put into practice like all other strategies, learn, train and apply until succeed.

To get her to teach you further training session from the introduction workshop will cost thousands and the reason I attended was to see if the strategy was relevant for me and it wasn’t so I didn’t buy her training package.

If your into this strategy then by all means, buy it, I think the cost was like $6,000.

She’s a great presenter, and her system/strategy is pretty good, enticing to the like. Shes also into the property development arena as well you may have sussed out her website at http://www.dginstitute.com.au/ and she does the asset protection stuff like uncle vesty trust model and promotes Rothchilds saying “be a man of straw – own nothing, yet control everything”!!! Not sure if that’s the saying but something along those lines.

zen

[zenParticipant@zen007Join Date: 2016Post Count: 46]

July 25, 2017 - 6:20 pm

Appreciate Corey and Terry. Yes Terry I think thats the word ‘service’ to qualify for the loan.

Corey will hit you up tomorrow mate.

I’m off to watch aussie ninja warrior on telly :)

cheers

zen

[zenParticipant@zen007Join Date: 2016Post Count: 46]

June 26, 2017 - 10:00 pm

Thanks heaps Corey and Terry, appreciated.

[zenParticipant@zen007Join Date: 2016Post Count: 46]

January 21, 2017 - 5:36 pm

Happy New Years PI Team!!!

Quick question, can a person who bought an off the plan apartment (2nd investment) via $1000 deposit and needs the remainder 5% next month (feb 2017) and have already signed the contract with the lawyer back in october 2016. Can he cancel/terminate the contract due to change in circumstance to his financial hardship and he wont be able to make the 5% deposit cos of his 1st investment property cashflow and has been delayed due to tenancy.

So can he cancel the contract or not possible?

Thank you in advance.

Zen

• This reply was modified 7 years, 3 months ago by  zen.

[zenParticipant@zen007Join Date: 2016Post Count: 46]

December 4, 2016 - 10:04 pm

Hi Denis, in a nutshell its exactly what Benny said.

I attended their one hour meeting via webcam (skyp) & the presenter wanted to mnow my goals, vision and what service they can bring to meet my needs. Example, property, minimise tax, shares, super etc the usual.

After the meeting they mailed the original agreement document for me to sign so they can start the process. The fee estimated to be around multiple $1000’s. I had a couple days to think about if the service was of value to me for the future and my intended goals. In the end i decided not to proceed and simply use all my funds towards property investing.

You can still attend, see what its like, in the end give couple days to talk indepth if their service they intend to do meets your need and the price is right for you to pay. Im geussing all business like theses intention is to serve their client with costs involved.

Let me know how you go.

Cheers

Zen

[zenParticipant@zen007Join Date: 2016Post Count: 46]

September 3, 2016 - 12:00 pm

@jamie, thanks for your article on IO loan for PPOR intention for my place to be an investment property in future. Good to know these tactics.

@terry, thanks for your examples, great to know the insights before delving in at the deep end.

@alistair, good article, learning heaps from you guys.

Cheers

zen

[zenParticipant@zen007Join Date: 2016Post Count: 46]

September 1, 2016 - 4:47 pm

Appreciate Colin your thoughts on the options. My conveyancor got back to me with a letter from developer lawyers and they do not want to reduce to $340k. I ask my broker to proceed with the lender, suppose to settle mid-September, and titled end of September and hoping to get a tenant in there during October. my first investment property and look forward to many more to come.

Cheers

zen

[zenParticipant@zen007Join Date: 2016Post Count: 46]

September 1, 2016 - 8:08 am

Hi Team PI

Happy Spring!!!

I’m at the same stage, contract price for my first investment property ‘townhouse’ is $350,000 and my broker came back to me with first valuation from PRP $330,000 and the second valuer was at $340k. My initial deposit was $17,500, if I decide to walk away I think I may lose my deposit!

What are my options?

1) Am I able to renegotiate with the developer to redraft the contract to $340,000?
2) Should I walk away and lose 5% of my deposit ($17,5000)?
3) Should I still proceed to purchase property?

Its an investment to rent to people and I’m in the for the buy and hold strategy.

Any thoughts, appreciate in advance.

zen

[zenParticipant@zen007Join Date: 2016Post Count: 46]

August 12, 2016 - 6:03 pm

Thanks Benny – thanks for confirming the scenarios!!!! Awsome!!! Yes will see accountant re: to distinguish percentage property purchase/inspection vs holiday (seminars, apprenticeships in property, etc).

Thanks Terryw. Looks like one must treat their investments like a business in order to get the applicable/allowable deductions.

Many thanks my Team PI’s :)

zen

[zenParticipant@zen007Join Date: 2016Post Count: 46]

August 12, 2016 - 5:49 pm

Great question Coogee and thanks Terryw – good to know all these info in advance.

zen

[zenParticipant@zen007Join Date: 2016Post Count: 46]

August 12, 2016 - 8:40 am

Thanks Terryw. I guess having a business in buying real estate these costs maybe deductible.

zen

[zenParticipant@zen007Join Date: 2016Post Count: 46]

August 11, 2016 - 5:06 pm

Hi Team PI’s, while we’re on Opencorp subject, wondering if anyone joined their Property Development Funds and if your able to share your experience with us?

http://www.opencorp.com.au/development-funds-2/

thank you

zen

[zenParticipant@zen007Join Date: 2016Post Count: 46]

August 11, 2016 - 4:09 pm

Thanks Terryw, appreciate.

Another question for my Team PI’s – if I was to travel for 5days interstate or to NZ and purpose is to buy a property, is this tax deductible? eg, plane, hire car, hotel, food.

zen.

[zenParticipant@zen007Join Date: 2016Post Count: 46]

August 10, 2016 - 3:32 pm

Hi Team PI’s, wondering if I was to attend a property development & renovation workshop valued at $2k, is this tax deductible?

I’m an investor looking at purchasing houses in the future to renovate and be a developer in 3 years.

Cheers

zen

[zenParticipant@zen007Join Date: 2016Post Count: 46]

August 5, 2016 - 9:54 pm

Thanks Colin, appreciate your thoughts and experience. I’ll attend, listen, ask questions, and as soon the sales pitching, i’ll be out the door like speedy gonzales :)

Zen

[zenParticipant@zen007Join Date: 2016Post Count: 46]

August 4, 2016 - 6:36 pm

Hi Colin, great link and video!!! If they start doing a sales pitch, i’ll be out the door like road runner!!!

zen

[zenParticipant@zen007Join Date: 2016Post Count: 46]

August 4, 2016 - 10:04 am

Thanks Murali, great to know you attended the consultation meeting, I will attend next week and see if their of service to me.

Thank you

Zen

[zenParticipant@zen007Join Date: 2016Post Count: 46]

August 4, 2016 - 8:43 am

Good Morning PI team :)

Questions, is a “detailed” Financial Plan relevant and appropriate to an individual who already know where they are going???

SpringFG http://www.springfg.com/ called me and said they can create a detailed financial plan to tax minimise my wealth creation and save me $150,000 in the next 10 plus years. They will organise a 2hr consultation meeting (free) next week to go thru my wealth goals and financial position etc…..Even though I do not have a detailed plan of my 20year wealth creation goals, I have written in my journal my vision and goals and how to go about it (strategy) which is to accumulate positive geared, capital growth, small scale property development, corporate trust in the next 19years etc….he said after the free meeting they will give me a statement that if I would like to proceed with their financial plan they made for me then I will pay their fee which ranges from $600 to $1500, and this fee is not tax claimable!

Shouldn’t my property tax accountant have this role to minimise my tax and forward plan to purchase the next one in whichever structure that is relevant in that time? Also accounting fees towards investments are claimable?

Zen