maybe steve doesnt know 100 pct his motivation either. ive never met anyone who does (if they are truely honest)
one thing leads to another and if you can make a buck from it you do.
these things ten to take on proportions of their own. hopefully steve is well too aware he is fallable despite being surrounded by true believers…..
christian beliefs can be good at keeping you grounded – as long as they are not used to promote legitimacy in the eyes of the consumer. that can be cynical at its worst.
if it was me i would welcome the critisism as it provides the necessary check and balances that we all need. (accounting metaphore)
having yr inlaws as tennants is great as long as you are happy with a buy and hold investment. ie if you need to sell quickly they may not be too happy. also clarify early on that you will need to increase the rent every 2 years – or inline with inflation etc etc
in my opinion financial planners are too much work!!! the industry has real problems with regards to vested interests, shonky asdvise and lazy follow up. best to read books and surf the net including forums like this one.
how much are you htinking of spending for this investment property?
h kaye takes a lie detector test on monday – today tonoght. you have got to be kidding. one of the questions is ‘have you ever lied to a realestate agent???’ to whcih he answers no!!
whats disappointing is that his previous comments have been quite insightful. this smacked of the kind of trash, sensationalistic journalism that ironically we usually see from the likes off aca and today tonight.
– wait for atleast one year before reconsidering. the transaction costs will kill u uless you can sell for atleast a 15pct premium on what you bought it for.
hold on for 1 year so you will pay less cgt. berwick is going through the roof at the moment- its a real growth corridor so if you can handle the cashflow hang in there and watch the prices rise a little more – i think!!
also yr return look to be abt 5 pct wch in truth is higher than most suburbs in melbourne.
remember that if you give up your job your are forgoing 9pct tax effective superannuation paid for by your employer. over a working life you are talking a lot of dosh!!