Hi Maximus,

Had hoped to be able to retire by 40 (now 33) but kids may put us back a bit !

It would be good to know how many people have managed to do well enough to retire.

Ben.

Mini,

(The thing which is so interesting is why this dude has to spend so much time and energy running RK down.
He’s probably jealous of his success and is living in fear/lack rather than abundance – he feels RK is ‘stealing his customers’.)

I am glad that there are people out there who take the time to check that the stuff people spout as…[Read more]

Terry,

I guess thats the issue that I find quite hard to take that a person like him preaches integrity and then dosn’t display any of his own. Makes it hard to listen to anything he has got to say once you look at it that way.

Benson.

It sounds like you would have sufficient equity to acquire another property however I suggest that you take your time understanding the numbers because the numbers are the key to deal, if you dont understand those you may be setting yourself up for a fall. Dont get caught in the hype there will always be deals out there as long as you take the…[Read more]

It makes you realise that whatever course of action you take you must go into it with your eyes wide open, there is no magic formula or panacea on how to get rich and anyone that tells you there is is probably getting rich off you !

The simple reality is that most of these real estate gurus make more money from “educating” the wannabees than…[Read more]

Hi Weston,

Not sure if I’d buy one of his books again, I found he was good for motivation as birdman intimates but a little short on facts. I think he must have pretty much done that whole story to death now anyway.

His last book was about why the stockmarket was going to crash when all the baby boomers withdrew from their managed funds wasnt it ?

Not familiar with them Natchat but it seems like youve answered your own question.

Ben.

Ours is $729,000 but we are trying to pay off as much as we can at the mo.

Mini are your properties rented now ?

Ben.

Hi guys,

I think the most important thing for anyone considering investing in anything is make sure you take all the time you need to understand everything. Also make sure you understand that no system is infallible because markets by definition can go up or down – know your risk and be comfortable with it. The time taken to learn the art of…[Read more]

Hi guys,

My wife and I have 4 IP’s along with our PPOR.

Acquired first in 94 and have added the others in the last 2 years. 2 are pos 2 neg and in all in the perth metro area. Total value $1.65 mil and loan of 729k.

All are buy and holds in places i think will achieve good capital growth, 4 along the beach 1 in the cbd. Pos cashflow for 2 was…[Read more]

Livelife,

I asked a similar question not long ago, if you do a search on “investor club” you can read all the threads.

They generally suggested to exercise some caution.

Cheers,

Benson.

vluu28,

It would not surprise me if the letter is just an attempt to scare you into paying, If they have used underhanded tactics to get everyone to sign they are unlikely to want to proceed with legal action.

Good Luck.

Hi,

I know the Commonwealth Bank allows you to pay off 10K a year off interest only loans.

Cheers,

Benson

The law in WA states that if a company is land rich ie Land value greater than $1m and more than 80% of the value of the company is attributable to land then a greater than 50% transfer of shares in a company would be assessed for stamp duty at conveyance rates.

I beleive most other states have similar clauses.

Wouldnt changes to the tax deductibility of loses on property also effect positive cashflow properties that are positive due to depreciation ?

Im not sure how such a change would be structured.

Westan,

I have simply bought and held IP’s over the past 8 or 9 years. For this strategy at least I’m not sure if this is the best time to buy. Ive spent the last 12 months lowering my debt level during this period of low interest rates. I still look at a lot of deals but the rental returns on the sort of property I like, inner city or coastal…[Read more]

Boothy,

While you can still get property in Armadale in the $130K to $150K range the capital growth has historically been far lower than in the northern corridor of Perth. I would suggest that if you did a comparison of median prices for the areas and factored in an estimate of the various rental returns over the last 10 years say, the northern…[Read more]