Hi Hutch,

I just had a quick read of the website, and it doesn’t seem such a bad idea to me! If i had loads of cash one of the things I would be doing would be looking for opportunities to purchase large tracts of land at a wholesale price and then holding it or developing it breaking it up and selling it retail. To me it makes sense if you can…[Read more]

Hi Mat,

Can I ask whether you have been able to get your commercial property revalued and pull some money out of the deal now that you have been able to up the yield?

Thanks,
Craig.

Hi Luke,
I purchased a property through Quartile quite a few years ago, and have sold it since. I continue to receive the Quartile email newsletter.

I found Quartile to be a honest, up front organisation. The group was started by the father, who is apparently quite well known in Sydney circles for the large property holdings he has. His son was…[Read more]

Hi Gross,
Thanks for the clarification. No, I think your calculator is working just fine! I just needed a few details for me to understand…..

I had figured you meant that you took out the 70% lend on the property immediately – and could not see how the deal would fund that – now you have explained that each year you take out a little more that…[Read more]

Hi Gross,

I wanted to get some clarification from you on the deal you explained on a commercial property you picked up for $400k. On that deal if you are getting a $38k PA rental income then I guess you are approaching a 10% yield, but certainly nothing outstanding. Why was the property offered at $1m, and how is it that it has been valued at $1m…[Read more]

Hello maxolau,

I was a Roy McDonald student a few years back. The company was SMW back then. He is a very charismatic person!

My initial impression was very good and I not only did the 4 day course, but several follow-up courses. I also used his financial planning services. What I found was that there was little substance once you got past the…[Read more]

Hello maxolau,

I was a Roy McDonald student a few years back. The company was SMW back then. He is a very charismatic person!

My initial impression was very good and I not only did the 4 day course, but several follow-up courses. I also used his financial planning services. What I found was that there was little substance once you got past the…[Read more]

Anyone out there from the south coast of NSW? Comments? Opinion?

Originally posted by GPSNetwork:
What I found funny is that he says sell your investments, and also says no one buy property.. So if everyone is selling, who buys?? Where is the logic there??

I just thinks it’s just one point of view and there are alot of others..

At the end of the day, people need housing and if it means everyone is rushing to…[Read more]

Hi,
I’ll be working night shift that day – may be able to come along but would need to leave early.

Craig.

Hi Maruco,
I’ve gone through the purchase and sale of quite few properties, and have never been charged for phone calls. It was either a pre-agreed total price, or a pre-agreed total price plus or minus incidentals (which didn’t include phone calls).

I have really only had two times when I have lacked confidence in my conveyancer – one was when I…[Read more]

Hi All,
Thanks again to Len for organising. The venue was fine, as was location. We briefly discussed other locations, and it seemed somewhere around the area where the M5 meets King Georges Road might be a suitable compromise. Another suggestion was rotating venues, so everyone is equally disadvantaged!

Seriously though, I think all those in…[Read more]

Hello All,
My wife and I are planning on coming along. We can be there at 6:30pm, but would be happy for the time to be pushed back to 7pm or 7:30pm.

Craig.

Hi,
Quoting from ‘GST and BAS For Dummies’ by Angela Ryan : residential rents are an input taxed supply. “For residentail rents, it means that a landlord doesn’t charge GST on the rent charged, but the landlords are also not able to claim input tax credits for anything purchased in respect of the property.” Then for commercial residential…[Read more]

Here’s the link
http://www.perthmint.com.au/gc/depository/depository_layout2.asp?url=6

Craig.

My wife and I have four vending machines – (snack and drink machines), but they are managed for us. Pays 20% fixed return on the base cost of the machines. Works out at about an 18% return after costs (ie initial stock, float, insurance). They take care of siting machines. And you can depreciate then over five or six years – so should be no tax…[Read more]