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    February 9, 2009 - 9:54 am

    To get the FHOG you need to live in the PPOR for 6 months within the first 12 months of settlement. After that, it can be converted to an IP.

    You will also receive a 50% Capital Gains Tax discount if you own the property for 12 months.

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    February 9, 2009 - 9:45 am

    Every goal is achieved one step at a time.

    Just make sure that every investment you purchase allows you to make another step forward, i.e. growth or income focused investments will provide different results.

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    February 9, 2009 - 9:39 am

    I wouldn't get discouraged by that. The net is infinite, there are so many new ideas that are born every day there.

    Youtube, Facebook, Twitter etc etc were built on an idea and evolved exponentially through the internet.

    Best of all, its cheap to start, so your risk isn't high at all. Give it a go, what have you got to lose?

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    February 9, 2009 - 7:30 am
    Terryw wrote:

    The trustee can be sacked as soon as your hear of trouble.

    I heard the ASIC still has legal power over your assets if your actions are seen as to avoid being sued in the first place.

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    February 9, 2009 - 7:21 am

    Hey Craigsed,

    I completely agree with you there. But in this case I was being sarcastic in regards to Mister selling "little ancient luck stones from the oceans along the Great Ocean Road . 10 bucks each."

    Note to self: Use a better emoticon

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    February 9, 2009 - 6:57 am

    Thanks for sharing Terry & Linar (K).

    The reason why I asked was because of the reduced asset protection in a trust as mentioned by Linar. Since the trust is not a legal entity, then the trustee (individual or company) will be held responsible in the event of the trust being sued. So if you establish a new trust for each new property without creating a new trustee, then in essence, if one trust is sued then all trusts will be sued with the same trustee. So there may not be any point in establishing a new trust if this is the case.

    I'm not completely sure about this, but It seems possible.

    Profile photo of freelancefreelance
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    February 9, 2009 - 2:32 am

    Hi Terry,

    You say you use a separate trust for each property you own. Few questions:

    Do you act as trustee or do you use a corporate trustee?
    If you use a corporate trustee, do you establish a new company with each new trust, or use the same one?
    If you use a corporate trustee, do you distribute to the trustee, or do you establish a separate company to act as beneficiary?

    Sorry if these questions are too personal, if you like you can answer through PM.

    Cheers

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    February 7, 2009 - 3:30 pm
    ummester wrote:

    How about having a go at doing something constructive…

    Why waste your time on this forum if you have nothing constructive to contribute to this discussion?

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    February 6, 2009 - 11:31 pm

    Ummester,

    Don't be hard on Elliequinn, everyone's entitled to have a go. She's still saving for a deposit whilst researching the market. I'm sure someone who has suffered bankruptsy isn't going to throw their money around again without thinking it through.

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    February 6, 2009 - 12:29 pm

    People who learn from their mistakes will more than likely succeed when they try, try again.

    An insane person expects a different result from doing the same thing over and over again. But you on the other hand are trying a new approach, one that will exceed your expectations.

    As long as you understand what sort of debt you can manage without things getting out of hand, you'll be on your way.

    Best of luck to you on your new journey

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    February 6, 2009 - 12:21 pm

    I think property still has a lot more potential

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    February 6, 2009 - 12:44 am
    IP Freely wrote:
    Historical growth figures are quite vague. Unless you have some indepth familiarity with an area, the growth figures will be meaningless eg: did they build a new hospital (or can major infrastructure), was there major subdivision/building works undertaken etc? These all have an effect on the average and median prices ie as soon as the influence of the works peters out, then the rate of growth drops.

    I agree. But using the median house price report at least gives you an idea of where you can start. I used it a few weeks back to narrow down a few suburbs I would be interested in, and then visited the RE agent to discuss growth trends like you have mentioned.

    All information holds value.

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    February 6, 2009 - 12:39 am
    seano4ever wrote:
    digger

    oopps… slightly wrong address (www.rpdata.com.au) – this is the subscription area

    but you can still get the information from this link:

    http://www.myrp.com.au//showProductDetail.do?reportTypeId=1&propertyId=

    holp this helps

    You can also access the same information here: http://reports.rpdata.com.au/ (A little easier to remember that's all)

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    February 6, 2009 - 12:21 am

    Hey Dave,

    Thanks for taking the time to clear things up.

    Mister, if you manage to find the examples, I'd still like to see them.

    Cheers

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    February 5, 2009 - 10:54 pm

    Hey Mister,

    Yeah I've heard stories like that, especially people who blog. It really depends on how popular their site is. If you had a site with complete rubbish that no one would want to visit, then the ads wouldn't work very well. But then again, people who blog usually talk about rubbish all day long.

    Same with youtube, you see so many vloggers (video blogging) on there now, many of which talk complete nonsense but manage to have thousands of viewers per day.

    Everyone's got their own tastes I 'spose.

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    February 5, 2009 - 11:08 am

    Hi Mister,

    How was the couple making $8K through google ads?

    I thought google ad words was a Pay Per Click (PPC) form of advertising, where the client/advertiser pays google a small amount every time a user clicks on an add that appears during a google search.
    More info here:

    https://www.google.com/accounts/ServiceLogin?service=adwords&hl=en-GB&ltmpl=adwords&passive=true&ifr=false&alwf=true&continue=https%3A%2F%2Fadwords.google.com%2Fselect%2Fgaiaauth%3Fapt%3DNone%26ugl%3Dtrue

    Unless you're trying to say that the couples' business revenue increased by $8K after using google ad words.

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    February 5, 2009 - 10:46 am

    Thanks for that Eddie

    I should have done a search before posting this question in the first place as many have already asked.

    My memory was jolted and got too excited before researching.

    Thanks guys

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    February 4, 2009 - 10:21 am
    Mister wrote:

     I haven't had any luck trying yet but will try the copy and paste.
     

    Hi Mister,

    Try using the hyperlink button that appears in the comment toolbar (it looks like a chain).

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    February 4, 2009 - 9:08 am

    What's the deal with Neil anyway?

    I've only recently heard of him a few months ago and originally thought  – "OK this guy is interested in everyone having a fair go". But lately I find a lot on the forum are annoyed with his actions, as many find him to be a real arrogant SOB (for lack of a better word).

    I was on his site today and was curious to see if he mentioned anything about Steve, which he did. He was having a go at him for obtaining his wealth though wraps, calling the strategy unethical.

    It's very frustrating when you don't know what to believe.

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    February 2, 2009 - 5:06 am
    Tony B wrote:

    WJ

    Yes I new someone would say something about it. I have 3 Degrees and still cant spell, I do have a problem called dislexia (I hope I spelt that correctly) which is a real pain on these forums as it take me ages to check. But I have discovered the spell check on this site. Im sure you will see a marked improvement.  I also enjoy your posts.

    Cheers
    T………

    Tony,

    Firefox has real time spell check. It's also a lot safer than Internet Explorer

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