You da man… I guess.

AXJ

I’m not sure why but the forum goes very quiet when these words are spocken. I am about to invest in a property trust and the only neg that I have found is that it is better to rely on your own instincts and build your own portfolio, but for mine I think that I can do both.
I am consolidating my position with an investment in PT and looking for…[Read more]

You get sucked into those investment books and find them hard to put down. I’m with the others, invest in education; books and night course at TAFE or a part time business degree. She can turn this start into something that she (and you, perhaps)can’t even imagine. You know her best though and she has to be ready. Invest in education, saving won’t…[Read more]

Thanks all.

AXJ

Thanks, this is what i’m looking for, great to get to know who is giving advise. As for me, just the one IP, neg geared, but educating myself for bigger and better things.

AXJ

What do people think of property trusts for this situation and at this time. I mean a PT that concentrates on rental income from big business and gov dealings not capital gains?

AXJ

I’m no guru or mentor but I can suggest:

1. getting a job, perhaps in a relavent field; and
2. live at home for as long as possible.

Keep reading and educating yourself and surround yourself with like-minded people.

These things sound easy and simplistic which means thay should be simple and easy to do. Good luck!!!

PS: Your so luck to have…[Read more]

CGU has the best LL insurance that I have seen. A bit expensive $560 for 3 bed in qld.

AXJ

Thanks all. Yvonne has a good piont. I think in a very overall manner. I can see the big picture clearly and have a pretty good idea of how i’m going to get there. She is much more focused on the details and this is where I need to communicate on her terms and in her language. I need to due more due diligence before I take to her the proposal. You…[Read more]

Make friends with a RE agent… Is that possible? He, He!!

AXJ

Boy Jie-Ji, You got hammered. I agree with the advise, but I wonder if jj will ask another question anytime soon.

AXJ

I had an REA manage my first until I had tenants that I ‘trusted’; they paid the rent on time, were not demanding in any way, and always porduced great inspection results. I then chanced the arrangements to self-management. Too many variables to advise you to do the same, but it has worked out well for me.
I also used a greta insurance coverage…[Read more]

Go and see a financial adviser first. My wife and I bought a great house in a great area of Brisbane. It gained greatly in value, but because we didn’t get advise we bought the wrong type of property (still neg geared). While on the surface it looked like a great deal, had we built a duplex on vacant land ( for example) we may have doubled our…[Read more]

domain.com has a lot of relevant stats.

AXJ

Thanks for all of your comments.
I won’t get rid of her, she is the reason that I want to do it.
With financial freedom, we can spend more time together delighting in our real passion, travelling around the world. This is what I think that I will concentrate on. I will continue to show her that this plan is possible and with her help it will be…[Read more]

Thanx guys,that’s good advise. I can see that once I get a little momentum things will get easier, but momentum is easier with two pushing. I would love to hear more from those who have done it so that perhaps I can share these remarks with her. She not anti success or my plan but I wish it was more our plan than mine. I’m sure others have stories.

AXJ

I have been dealing with Rivercity Financial Services and they seem very professional and progressive. Satvir and his partner were both accountants for a very long time and then Satvir became a financial advisor when accountants couldn’t give financial advise any more.
They are a large company and I can only advise you with the basic knowledge…[Read more]

Can you claim your due diligence travel on your tax?

AXJ

You won’t get much of a response on this one; it comes up too often and the only reponse that you will get is straight from Steve’s 1-130 book. He says something along the lines of “just keep looking”. This is the best way to learn and most rewarding when you find it yourself. Also, why would anybody give this kind of advise in such a tight…[Read more]

What do you mean “each week with your income?” Can you apply to the ATO to have your refund paid in advance in your wage?

AXJ