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Viewing 12 posts - 1 through 12 (of 12 total)
  • Profile photo of Ash_2Ash_2
    Participant
    @ash_2
    Join Date: 2002
    Post Count: 12
    September 2, 2003 - 11:50 pm

    Hi Rday,

    I have no idea of investing in the UK.

    However,I beleieve that Australia is the place to invest,if one has money to start !

    Also try the website: http://www.property.com.au

    Good luck

    Ash

    Profile photo of Ash_2Ash_2
    Participant
    @ash_2
    Join Date: 2002
    Post Count: 12
    September 2, 2003 - 11:40 pm

    Hi

    Try Lower Templestove or Doncaster for high society lifestyle.

    If you are prepared to go over 20 km away from the CBD, try Taylors Lakes.

    Also try the website http://www.realestate.com.au

    Ash

    Profile photo of Ash_2Ash_2
    Participant
    @ash_2
    Join Date: 2002
    Post Count: 12
    September 2, 2003 - 1:01 am

    Hi Simon,

    That was good to hear.

    I have permanent employment (or whatever that measn in today’s world !) with the Governement of Canada.

    I also have a preapproved loan from NAB for a decent amount.I also have a very close friend who is prepared to be a co-owner for investment purposes.

    You are right, I need to see an Accounatant when I visit Melbourne next time.

    Thanks.

    Ash[:I]

    quote:

    I recently had a client working in another country. He was in the same boat as you except he had been self employed for only 6 months.

    It was the latter that gave us the most trouble.

    Being overseas adds a degree of difficulty but not really much more than that loan wise.

    Perhaps you need to talk to an accountant about tax implications.

    Good luck,

    Simon Macks
    Mortgage Hunter
    [email protected]
    0425 228 985

    Profile photo of Ash_2Ash_2
    Participant
    @ash_2
    Join Date: 2002
    Post Count: 12
    September 1, 2003 - 3:39 am

    Thanks Tamara,that was very encouraging.

    In my experience too, it is similar.With Real Estate Agents, there are good and fast responses until they seem to find out sooner or later that you are several thousand miles away, and somehow the interest seems to drop !

    I don’t blame them, they just are too busy with their clients that are close by.

    If you have anyone that you recommend for providing guidance to me being far away in Toronto, will be very happy if you are able to please share the contacts.

    I visit Australia at least once every year.

    Ash.

    quote:

    Ash

    You are right when you say the FRIB rules do not apply…well according to my research. My husband and I are investing from abroad also. While getting responses to your emails can be painfully slow, if you find a great group of advisors to support you and your due dilligence is thorough there is no reason why you can not invest successfully in property while off shore.

    Tamara

    Profile photo of Ash_2Ash_2
    Participant
    @ash_2
    Join Date: 2002
    Post Count: 12
    August 31, 2003 - 7:37 pm

    Hi Steve,

    This is not just a response to your posted message, but to give a short introduction about myself:

    I certainly am getting addicted to this site,and enjoy reading all the massive information provided.

    I am an Australian Citizen,49 years old, currently employed with the Govt of Canada, and am a Canadian income tax payer in the high salary bracket.My son is expected to finish his Engg in 2 years, and the younger child his year 12 in 3 years in Canada.I am just waiting for them to finish before I return to Australia.I do not own any property in Australia at present.My last tax return in Australia was in mid 2001.

    I am quite impressed with this website and the information available, and wish to make a stsrt with my property investments in Melbourne.Since I am not interested in staying permanently in Canada,I pay rent of about 350 AUD per week here. I certainly can afford a reasonable surplus as my wife here works too.

    I have some friends who can do a lot to help me in investing. However, my concerns are related to:

    1. Buying a PPOR…am I eligible to buy one and take advantage of the first home buyers grant?

    2. Tax matters related to going in for investment properties.How to handle the taxation requirements in both countries ? I need to know a good accountant (my ex-Accountant sold his business already)

    3. I have a NAB loan preapproval already upto 300K, but should I consider I or P+I ? I believe that I only would be much better, as I can pay off principal with extra-surplus anytime.

    4. Are there any risks I should consider as I cannot return permanently to Australia for the next 3 years at least.

    5. Lastly, how can I buy your book (from 0 to 130) if it would help me in my situation ?

    Your guidance would be most appreciated.

    Thanks.

    Ash.

    quote:

    Hi,

    Noted with interest that ‘From 0 to 130 Properties in 3.5 Years’ was the 4th best selling title of any book last week.

    In fact, it even beat Harry Potter who came in at #5!

    Thanks to eveyone who purchased a copy and I hope that you are enjoying the read.

    My schedule is slowly freeing up and I hope to be able to answer some posts in the upcoming few days. I’m just finishing off testing the new back-end website upgrade which should be launched very soon.

    Warm regards,

    Steve McKnight

    **********
    Remember that success comes from doing things differently.
    **********

    Profile photo of Ash_2Ash_2
    Participant
    @ash_2
    Join Date: 2002
    Post Count: 12
    August 31, 2003 - 2:19 pm

    Hi Westan,

    I am amazed at your achievements !

    Please help me with your views on how I can go about investing from Canada (I am an Australian Citizen). I have a good friend who is interested in being my partner in such ventures, but the only problem that seems to hold me back is the tax implications on income earned there, as I have also to do my tax returns in Canada.

    Ash.

    quote:

    Hi alf

    The laws aren’t that different between states. and aren’t that different in NZ either.
    If you can buy good locally then why look far afield, unless you wanted to spread yor risk (wise investing).
    Sometimes opportunities present themselves that are too good to resist and sometimes they are interstate. i wouldn’t let state or international boundries stop me from a great deal. It is best to investigate the area thoroughly (prices, vacancy rates, economy) and only then if you are happy visit the areas, you should have gauged a feel for price from the Net.
    A personal favourate of mine is to discover new economic developments and get in before the price rise. For example i was able to do this in Hamilton Vic. A billion $ mineral sands project is planned by Iluka Resources and Hamilton will benifit massively. Last Feb to Apr i got 3 properties for 32-42K now they are worth 85-105K. Another example is Millicent SA there are numerous development including wind farms, chip factory anyway i bought there for 52 and 53, sold last month for 88 and 93k Considering my cash input to these deals was a total of about 25k i’ve made a profit after costs of 61k (before tax)thats a not a bad return (240%) for 12 months with very little risk. i am saying this to encourage you (and to show off).[:)]
    Sometimes there is more money to be made outside our own backyard. Look at Steve strategy he had to travel all over the place to get the deals.
    regards westan

    Profile photo of Ash_2Ash_2
    Participant
    @ash_2
    Join Date: 2002
    Post Count: 12
    August 31, 2003 - 2:01 pm

    Yeah, I am a Chemical Engineer,Australian Citizen, travelling around the world for employment. Have been almost everywhere, and very satisfied.

    Just got latched on to this site and cannot understand why I did not start to do investing before.

    Just finding out more details on tax implications etc for investing there with the savings I can afford to send in there.

    Ideas or advice anyone ?

    Ash

    quote:

    Hope this relevant, at least to me.

    I think most of us are part time investors, so your job may bring in cashflow to help further investing.

    I would like to know what you do for a living, that’s all.

    I’m in IT.

    Profile photo of Ash_2Ash_2
    Participant
    @ash_2
    Join Date: 2002
    Post Count: 12
    August 31, 2003 - 1:54 pm

    Hi,

    That is interesting… I am trying to invest in property from Canada (am an Australian Citizen),and am a Chemical Engineer.

    Any clues on how I can go about starting my own travel agency in Melbourne ?

    Thanks.

    Ash[:)]

    quote:

    Hi all,

    I WAS a corporate travel consultant. I now consider myself full time mum and property investor.

    Profile photo of Ash_2Ash_2
    Participant
    @ash_2
    Join Date: 2002
    Post Count: 12
    August 31, 2003 - 1:35 pm

    Hi Rod,

    Teaching ‘Thinking’ as a subject is now a matter for consideration in many US schools now.Several years ago,no one ever thought such a subject would be ‘taught’, as Edward DeBono says.

    I feel confident that you are on the right track,and there would be a lot of grown ups thanking you for what you taught them about investing when they were young !

    Keep it going.

    Ash

    quote:

    I am a teacher in a Senior Secondary High School in NSW. At the moment I am disenheartened with the whole Education System. I teach a whole range of students from the very intelligent to those of limited ability.

    The focus on subject content is depressing, the whole focus seems to be on that exam at the end.

    I have been to a seminar with Robert Kiyosaki and read a number of books on property investing ( currently have two investment properties ) and I am attempting to pass on some of the information I have gained to the students.

    Hopefully some of it will rub off and there is a possibility of these people becoming truely wealthy. (a couple are already investigating this )

    I’m interested in others opinions on presenting this investment stratigy to others.

    Rod

    Profile photo of Ash_2Ash_2
    Participant
    @ash_2
    Join Date: 2002
    Post Count: 12
    August 31, 2003 - 1:23 pm

    Hi Bryce,

    Thanks for this advice.

    Sorry,I forgot to mention that I am an Australian Citizen.So firb rules may not be applicable.

    Thanks
    Ash.

    quote:

    Hi Ash,[:)]
    There are rules regarding the purchase of property by non residents set by our goverment. They are listed at the foreign reveiw Boards website at http://www.firb.gov.au/content/default.asp
    At the moment Melbourne has peaked in regard to capitol growth. If you contact me on the email address below I can send you a copy of our news letter.This has a state by state summmary from the latest BIS SHRAPNEL report included
    I can also assist you in all aspects of purchasing here including your legal requiremets in a safe manner.

    Regards

    Bryce Inglis
    brycei@ipal
    http://www.ipal.com.au

    Profile photo of Ash_2Ash_2
    Participant
    @ash_2
    Join Date: 2002
    Post Count: 12
    August 31, 2003 - 1:22 pm

    Gary,

    Thank you, I was delighted to hear from you !

    While it is true that I am in Canada, I just had forgotten to mention that I am an Australian Citizen.

    I am sure that you would have heaps of advice now….do let me know when you can !

    Thanks a lot.

    Ash.

    quote:

    Hi Ash,

    Good to hear from another Canadian!!! I grew up in Toronto area, and moved to sunny Australia twelve years ago. Love it here. As we say in Queensland, “perfect one day, sunny the next”.

    You are right about needing a good accountant, but unfortunately I’m not sure of a suitable one to refer you to. However, I’m sure many others on this forum will be able to help.

    I would however, like to offer my services as a mortgage broker to you to assist with finance if you require it. Some special conditions need to be fulfilled with our banks at this end, and I can help.

    Email me off-line at [email protected] if you like.

    Best of luck.

    Gary Young
    Home Loan Connexion
    Mobile 0407 64 66 32
    Fax +61 7 4636 4841

    Profile photo of Ash_2Ash_2
    Participant
    @ash_2
    Join Date: 2002
    Post Count: 12
    August 31, 2003 - 1:19 pm

    quote:

    The seagulls are coming in to pounce [:D]

    This might be useful

    http://www.firb.gov.au

    Good luck,

    Hi Simon,

    This was my first posting….so I forgot to mention that I am an Australian Citizen. I think that way I am quite in the clear as far as firb is concerned.

    If you have any other advice you can offer now, you are most welcome.Thanks.

    Ash

    Simon Macks
    Mortgage Hunter
    [email protected]
    0425 228 985

Viewing 12 posts - 1 through 12 (of 12 total)