Hi,I have a question about purchaing commerical properties though SMSF.We are in the process of setting up our SMSF and are looking to purchase a commercial property which our company will rent from.  We have enough cash to purchase this property outright.  My understanding is that if we needed a loan to fund a property then we need to set up a b…[Read more]

This hasn't much to do with property investing but we have a fairly complex trust structure for our busines and one thing I didn't realise until I put in our first bus tax return is that any money you make in the trust has to be distributed to you personally and that means that it increased my personal taxable income for the year. ie. more tax  …[Read more]

I run my own business and i think the easiest thing to do that doesn't cost a lot of money and most businesses fail to do is to look at what your competitors are offering and offer the same things they are and make this the basica minimal of your business.  However, make the most important thing you are offering something that no-one else is.  I l…[Read more]

Hello Chris,Thanks for your post – we are looking at investing in a commercial property and this will be the first time we are looking at purchasing a property.  It's relatively low risk for us as the property has a potential tenant already and also we are looking at renovating the existing flat attached to rent to our own business so at least…[Read more]

Hi,
I found that the best way of staying focused on the task is if I can summarise the essentail points of each topic onto one A4 sheet!! This way it is a bit of a “challenge” becasue I acutally have to understand what I’m studying and I stay interested in the topic and not get distracted. Also, it is easy to memorize A4 sheets but seeing as you…[Read more]

Hi Marianne,
I’m fairly new to this game as well. I was so excited after reading Steve’s book and then started searching with no sucess. But in the last couple of weeks have started to find some properties that are “closer” to the rule. I agree with the others that they are out there but I guess you just have to go through the “journey” of…[Read more]

Hi Pisces,
Like you, I have many dreams and goals. I work full time at one career but have about 3 others I want to achieve. I don’t think there is such a thing as being too busy. I know friends of mine that work less than half the hours I do and somehow manage to do a lot less than me and then complain about not having eough time to do the…[Read more]

Hi Tycoon,
My partner and I have also recently read the book and are starting to look for these properties. We are having trouble finding them too but believe that they are out there. If nothign else, at least the book has gotten us off our butts and made us both have a serious think about our financial future and quest for freedom!! Good luck! Heidi