I think this whole discussion gets down to a single word.

FREEDOM

The key with Financial Freedom is that you’re FREE. Your time is your own, you can pick and choose your commitments and choose when and if you work, who you work for and what you do.

You have the freedom to help charities without having to find cash to put food on the table.

You…[Read more]

hmm – thought I posted in this thread – is someone deleting posts again?

Cheers,

Aceyducey

Yup Mel I made a mistake – that’s what happens when I scan too quickly

Cheers,

Aceyducey

Sarah,

Read some of the books by Jan Somers.

Margaret Lomas is worth reading too, just as a comparison.

Cheers,

Aceyducey

Gee wow! A good looking layout.

Unfortunately the site is poorly conceived in most other ways.

Bad name – has too many negative connotations.

Poor grammar – shows that owner doesn’t care enough about the business

Too much rhetoric – not enough solid, plain english, content

Cheers,

Aceyducey

glenetti,

Totally disagree with your definition – as do all the property writers I have read & all the experienced property investors I know.

Why try to change the definition? Just do your own thing.

Cheers,

Aceyducey

Milly,

Often female REAs are better at their jobs than male ones.

Frankly you might find it easier to negotiate a better deal with a male agent than a female!

And my partner does a lot of dealing with REAs (does most of our frontline negotiating, I’m the back-up). She also finds it easier to negotiate hard with male REAs.

Don’t challenge it if…[Read more]

Sparkie,

Read more books!

Jan Somers (for property) & Robert Kiyosaki (for how you think about money) are good ideas.

Going out and investing based on what you read in Steve’s book doesn’t give you a full toolkit of strategies.

Cheers,

Aceyducey

Unit Trust is a good solution as well – with a corporate trustee owned 50/50 by the two of you.

It makes it easy to make changes & to manage tax & liability effectively.

Cheers,

Aceyducey

jsandso,

Just don’t consider this a residential property investment.

You’re in the tourism market – there are different drivers & trends.

Unless if the property is suitably located to be a long-term rental proposition, you are unlikely to get the same CG level (less people will be interested in buying it – only investors).

Equally while…[Read more]

Step one: Drop your BIG FOUR accountant – and NEVER use one of these companies to advise on property investing again.

Look up Dale Gatherum-Goss. He’s an excellent investment accountant. Tomy Commisso is good, but can be a bit too aggressive for some peoples’ taste

Cheers,

Aceyducey

Coldy,

Why don’t you look at the property market in WA and the effects of the Cup way back when as an example.

Frankly I reckon this sort of event, like an Olypmics, would only be good for stimulating a short-term property spike, generally followed by a major drop.

Cheers,

Aceyducey

Finder,

Do LOTS of research and make sure that what you are doing is absolutely legal!!!!!!!

There are too many people happy to call themselves spotters without real estate licenses in Australia.

I’d look into professional indemnity insurance as well.

Cheers,

Aceyducey

I’m a cram studier, so can’t really offer much support from my perspective. Mostly I did my study in the final two hours before going into an exam at uni.

All I can suggest is tha you talk to the body you are studying through or some of the other unis round the tracks. They all have recommended books on study techniques that are quite good -…[Read more]

JenD,

Check with the FIRB as to whether you qualify to purchase the property.

Generally foreign citizens are only allowed to buy NEW dwellings in Australia. Dunno if your status as a ‘Resident for Tax Purposes’ will help you.

Frankly given your situation & time of life I think you’ve got much better ways to spend your money right now than in…[Read more]

You’re always more secure if you change your passwords

Particularly after you get a Trojan…..

Cheers,

Aceyducey

Martin is, I believe, one of Neil Jenman’s agents.

Seen him before on other forums

I like the comment in Neil’s article:

it is not possible for “average Australians” to become millionaires in property in 12 months. Anyone who makes such a claim is, at best, deluded – or, at worst, a liar.

Well damn – kill that ambition for every…[Read more]

Personally I don’t like ‘bird-dog’ either.

The official term is Buyers’ Agent. Anyone using another term is quite possibly trying to evade the laws and guidelines around who is legally allowed to conduct this business.

Cheers,

Aceyducey

Check your CRAA at least annually & ALWAYS before a spate of loan requests (it’s free).

That way you can ensure that no spurious or incorrect entries end up on it…and you have a good feeling for what you may need to justify to get a loan through.

Cheers,

Aceyducey

I still like variable, though I appreciate that many people have fixed for good reason.

Personally having done the calcs on the difference in payment levels over 20 year terms based on real past interest rate levels, it’s cheaper to leave them variable.

Your mileage may vary.

Cheers,

Aceyducey