HI Again people,
Since my post on September 2nd I signed up for James’s course and paid my money.
I have got my manual and listened to the modules..
I am happy with the money I spent..
I have done many property investment courses in my life including Steve McKight, Michael Yardley and others (even Henry Kaye)..
James course has possibly been the…[Read more]

HI Again people,
Since my post on September 2nd I signed up for James’s course and paid my money.
I have got my manual and listened to the modules..
I am happy with the money I spent..
I have done many property investment courses in my life including Steve McKight, Michael Yardley and others (even Henry Kaye)..
James course has possibly been the…[Read more]

HI There,
Just wondering if anyone can tell me how to get involved with James Dawson’s Commercial property system..ie. purchase package.
I cant find any website links etc, even on his website??
Thanks in advance.

I just completed a 95% refinance on an IP with ANZ. The property was purchased in November 04 (with 90% LVR). Revalued and refinanced in May 05 to 95% LVR (after renovations etc). LMI was about $1200ish (low because I already paid LMI at initial purchase).
Seemed easy enough![biggrin]

Sorry about my delay in replying.
This was not an ‘advantageous’ purchase. The vendor wanted to sell the property himself but had no idea of real market value and sold it for less than it was worth. It was not advertised. We just happened to be in the right place at the right time. We ordred the valuation without the valuer knowing the purchase…[Read more]

Hi all,
It’s great that you guys have got a group started. Still love to involved. Bugger I missed the first meeting. How do I get in contact with you guys?
Sorry Jaffasoft, I emailed you six months ago( or So ) but I guess it didn’t get through….kinda got busy then & unfortunately didn’t follow up.
Hope the meeting went well.[biggrin]

Hey John,
I didn’t mean to be critical. No need to get so personal!
I just said that Thyrgoona is not a desirable investment area IN MY OPINION. Although with certain kinds of property this would definately not be the case (as in any area). What I mean is that I personally would not buy a house to sit on and speculate that it will increase in…[Read more]

Hi Jaffasoft,
I have lived in Albury for the past two years. I know Central, East and South Albury like the back of my hand. We are involved in a few development projects in central Albury. Cashflow positive deals are difficult unless you do something creative, or buy in the most dodgy parts of town.
The population of Albury is about 45000. The…[Read more]

Hi there Peter,
Sorry to get off track here but does this mean that each of your developments is kept in a separate company name? If not, in what structure do you generally hold your projects?
Thanks in advance.[biggrin]

Hi there wrappack,
Vendor duty is not payable on the first sale of new dwellings. See NSW Office Of State Revenue website (www.osr.nsw.gov.au).
(Sorry! I haven’t worked out how to do the link thingy yet)
Hope that answers your question.[biggrin]

Thanks Derek,
I’m all booked in…………
they seem to have a pretty slick operation.
Ciao.

Hi there,
Sebatian let me get this straight……
You have a property purchased through a trust.
You are the trustee.
Unless you transfer ownership of the property from the trust to you ( incurring SD) the trust will always be on the title.
As I understand it the trust deed will spell out the procedures for appointing trustees. This power is…[Read more]

Hi k2005,
Need more info………..
What is the purchase price?
When did you purchase it (contract date)?
What is the current valuation?
When is settlement?
How much deposit did you pay? What state is it in ? Is is off the plan?
Do you have any other property/equity?
How much cash do you have?
It all may be relevant…..
Think outside the…[Read more]

We all get biulding insurance for our properties. We probably all have landlord insurance. We definately have car insurance. To be certain that a desired outcome will eventuate is it not prudent to “insure” out mortgage also so it cannot unexpectedly increase to an unmanageable level. (unless the absolute worst case scenario is covered).
I think…[Read more]

Hi Misty1,
The ATO website has a downloadable e-CGT calculator. You can plug in justabout any scenario and it will calculate CGT payable.
Just a thought![worried]

As others have already stated you heven’t necessarily bought a lemon so why sell? The real gains in property are from the long term investment in quality assets. If I were in your situation I would try to maximise my present situation as much as possible witn the aim of 1. Incresing my cashflow, and 2. Increasing my equity.
Increasing cashflow may…[Read more]

It’s a while since I read the book but I distinctly remember that Robert Kiyosaki (in Rich Dad Poor Dad) specifically defined a sophisticated investor according to their “wealth”. I cant remember the figures exactly, but I think it was something along the lines of someone with net assets >$1 mil or a personal income >$200k pa. I guess when a…[Read more]