My expereience….Fast track is largely a verbal repeat of Steve’s and Brad’s experiences as outlined in the book. I got the impression it may have been the “draft” for the book.

Entertaining but limited in the value it can give you for tips etc in isolation from other resources. Having said that the resource covers just one of many to form…[Read more]

Hi, to my knowledge land tax is calculated on “unimproved value” of land. Up here in Qld this value is shown on your rate bill. Drag your rate bill out of the cupbord it may be on there.
Cheers
Caddy..where there is muck there is money.

Thanks to you all for your comments and info. Looks like I have no where to run to get out of the land tax thing.
Cheers
Caddy

Hi Noddies, was there any predictions for post 2006, that is, are they prediciting that they will continue to rise, level, go down??????????????
Caddy

Don’t forget that commericals are subject to GST on the purchase price. I know you get back and all …eventually…but you have to find it in the first place.
Caddy

Hi Caddy here, I am watching the replies on this topic raised by Delyse with interest. To be older with the thought of no money is a scary thing. . While I appreciate that the risks are there and sometimes real so is the risk of spending the later years of your life with no money. Delyse what you need is mentor somebody who can guide you. I…[Read more]

Hi Delyse, I am 53years old and know just how you feel. Risk is a frightening thing but without it growth is limited. I have 5 properties know but sadly only one is a positive cash flow. I am taking steps to rectify the others now. It has taken me since the year 2000 to research, understand, set up financial structures etc so it definitely…[Read more]

Caddy here, I have not had to make a claim for damage but when I made the claim for the rent in arrears MGA did checkwith me if I had any thing to claim under the damage clause. Sorry I cannot help you furher than that.
Caddy[8D]

Hi Mary B, I have IP in south east Qld. I use MGA Insurance brokers P/L – Toowong Qld – phone 38761224. They paid up for me when a tenant refused to. I took a while for he processing but there was no arguments from them. In the instance of tenants defaulting though the eviction has to take place through the courts for the insurance guys to…[Read more]

Over the last year I recognised what I was spending on “non essentials”. For a month each day I would go over what I spent and identify what was actually waste eg coffee with the girls at work etc. The waste was enormous. I started walking to walk instead of catching transport……that sort of thing. Now at the end of each day I identify stuff…[Read more]

Hi Ezy, I am due to retire in a couple of years……earlier than most. RK,s books and single night yearly mini-seminars which I have attended over the last couple of years have allowed me to not only plan and set myself up for an early retirement they have also shown me a way that I can maintain an income when I retire.

Prior to learning of…[Read more]

You are up to 8 now. But I can make it 9 if you like? Caddy

I have been caught by the negative gearing trap although the properties I have got are experiencing good capital growth….in this current market cannot always be guaranteed. Positive geared property unless wrapped/optioned etc is reliant on acceptable rental income being maintained to meet at least the 11 sec rule if not more.

My thoughts on…[Read more]

Hi westan, I just went into the Homepath site. It appears to part/subsidary of the CBA?

Caddy

Be wary of property developers -not all but most. Do not want to generalise. Apply the rules of supply and demand to ensure that your property can withstand shocks to the market.

To explain, if you are in Brisbane CBD, look at the cranes…..what are they building…….apartments. Now think about who buys apartments…… people who work in the…[Read more]

We have all been bitten by real estate agents tactics, especially in this fast property market. I agree with Home Guy Loan, I think the Agent will come back with “please increase your offer if you really want to secure this property” routine.

Personally I always try and avoid what I call “Contract Auctioning”. It is an indicator of the market…[Read more]

Regarding being nervous re debt, I share your concern. This has at times held me back and put me into “standing still” mode”. Not a good mode to be in.

Can I suggest that you do up a Risk Management Register. I do not hear much about these types of Registers at any forum, seminar etc that I have been too. Basically the Risk Register is as…[Read more]

I work for the Government therefore I cannot join in and chat during work hours which means it takes me ages to reply to anybody cause I have to wait until I get home or have some free time.

The Government does not permit private email usage at work. Luckily today I am on a day off so can chat a bit and learn heaps off you guys.

Thanks, should be able to work that one out! Caddy.

I have never heard of this approach. Obviously there is no conveyancing company or real-estate agent involved as you would think they would pick it up. Sounds dangerous to me as the banks would not view it favourably.
Caddy[]