Paul,

I haven't yet taken a look at the vendor finance information that you sent me.

I am on a huge personal growth year, and am just prioritizing everything.

I am getting fit (having lost 16kg since my marriage seperation of 15 months ago.

I am learning the guitar.

I am becoming financially secure. I am reading the Steve McKnight books…[Read more]

Thanks Andrew,

I am totally committed to becoming very financially secure so that I, my new partner, and all of my children (both from my new relationship, and from my marriage) are well supported.

The motivation is huge. There are those people that when thrown from a horse, never gp near them again, there are others that get straight back on,…[Read more]

Your right Mattnz.

And what's more she ops not to work in her great paying job, because it would cost me less if she did.

Thanks for this advise.

I have joined the Property Know How group to obtain the best advise from all walks of life, and find a mentor.

JacM,

You are correct.

I need to select the right property for all the reasons you mentioned, and will take all the risks into account.

All I meant was that if the right property is in Brisbane or Melbourne or overseas it really doesn't matter, but the property and the critical factors are vitally important, to any investment proceeding.

Joe,

You could only image how ripped-off I felt when my lawyer told me what I was dealing with, and what to expect.

It is primarily based on contribution (which was 50/50), future needs (my ex is the primary care provider for 3 kids under 9), and future income prospects.

My ex (and her lawyers wanted 100% of the assets, child support (which I…[Read more]

Thanks Kevin,

I have just purchased a copy of Steve's '0 to 130' online, and will get to a book store this weekend to purchase his newest book.

Thanks again JacM,

Sounds like Richard is the man I need to speak with, to get the ball rolling. He has sent me some information which I will read first.

Thanks,
Donavan

JacM,

Great to hear from someone in a similar position to myself (from a Superannuation point of view).

As I am in Melbourne, would it be rude of me to ask who you used to help set-up your SMSF, and get your opinion on how well it was handled.

I too am in Melbourne, although I am prepared to invest wherever the opportunities are.

By the way,…[Read more]

Richard,

I look forward to reading you article. The more information I can get on SMSF the better, as it seems an area that I definitely need to take control of.

Thanks Shahin,

I will keep an eye on Cranbourne and Brisbane in particular. I have family that live in Cranbourne, so I can get the down-low from them.

Thanks Kara,

As soon as I am finished the '0 to 260' book, I will grab a copy of his newest one.

The way he writes does make it easy to read, and stay interested.

Shahin,

I am going to take my lead on investment properties from Steve McKnight and say, 'I don't care where the property is so long as it earns me money'. I haven't yet reseached areas/states, but am open to suggestions, based purely on current and future earnings.

I live in Melbourne, but that will have no bearing on the location of any…[Read more]

Thanks Richard, Nigel, Paul, Shahin & Scott for your valuable replies. It is wonderful how varied the options each of you present are.

From these comments I will doing the following-

Studying up on SMSF's – starting with the information Richard sent

I have joined Property Know How, and look forward to catching-up with Nigel

Read-up of Vendor…[Read more]

Thank you Tom, Richard, Shahin & Scott for taking the time to respond.

Your feedback is valuable, and provides me both with a knowledge of what is possible, and some of the traps to look out for.

I will investigate this option further, I am sure there are plenty of educational books available, that will further expand my knowledge in this…[Read more]