Hi guys
hoping to get some feedback about margaret Lomas and her books.
Ive just read “The truth about Positive Cash Flow Property”
like alot of books its good on ideas and bit vague on detail.
Has anyone used her firm to source property or get a financial plan written?
Any views to share on her books/company id loe to hear your stories
cheers
wacentaur[specool]
They are great people and won’t charge for a consultation if they can’t help.
In a nut shell, they look for positive geared properties, these are different to positve cash flow!
They look for newer properties with maximum depreciation benefits and this combined with deductions from income shortfalls renders a property positively geared.
works best if you are on a higher income.
For me personally, this strategy does not work (I dont have a job [biggrin]).
They also suggest keeping your job and buying one or two positve geared properties a year. Works great for mum/dad investors that want a secure retirement. It is a brillian idea and Margearet is extremely bright to have started this company.
Obviously the strategy does not work well with more aggressive or full time investors! Especially ones that don’t have other income!
Hope this helps!
Xenia Ioannou-Mena
Property Manager
Cash Flow Solution specialist
E: [email protected]
M. 0412 437 582Hi Xenia,
The definitions are actually the reverse. Positive geared is where the property pays for itself from day one without any tax breaks. Positive cash flow is where the property makes a loss, but with on paper deductions turns a profit.
Hence -ve geared – loses money; +ve geared – makes money; positive cash flow – makes a loss but can make a profit with tax deductions. This is what Margaret writes about.
Many people get this backwards.
As for Margaret’s books, I have found them all to be really informative with the exception of “The Truth about Positive Cash Flow Property”.
In this last offering she goes off on a bit of a tangent and really has a go at a number of people (Steve included). If you can set aside the soap box commentary, the book does have some good content but is no where near as good as the previous offerings.
Wendy
“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.
Wendy Chamberlain | Chamberlain Property Advocates
https://www.wendychamberlain.com.au
Email Me | Phone MeMelbourne Buyers Agent & Sellers Advocate | Independent | Flat Fee
Margaret Lomas is the guru of positve cashflow investing. Wendy is right in explaining Margeret’s concept, i.e. making a positive income thru paper deduction (depreciation).
I personlaly find Margaret is also very genuine and honest in helping people in property investing.
Different gurus have their own beliefs and approaches in investing. It’s all up to us when and how to apply them to our own situations and conditions.
Cheers,
Margarets Team are Tier 2 “Financial Planners” from memory (Property)
I’ve only heard good things about the team at Willeton and Joondalup..
I visted the Team at Joondalup and they couldn’t help me re: my Loan structure as it was what they would advise if asked..
They seem to have distanced themselves from sourcing property for clients..
The guy from Jondalup remembered me from two years ago at the latest property convention and is a genuine guy and someone I would deal with if required..though not up to speed on Trusts and alternative strategies IMHO
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
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