call the ATO – when filling in the form, there are ertain conditions that you need to meet – try getting a copy of this form.

My advice is to apply for the FHOG anyway. besides, what’s the worse that can happen – your application simply gets nocked back – no legal issues though.

Kind Regards,
George.

“If You never never ask, you’ll never never know”

my advice – stay away from from the city apartments – especcially in the Docks – they have something like 3000 apartments going up there. Central Equity and Mirvac are going crazy with their developments and the apartments have dropped in value and will continue to drop because they are simply way way over supply.

Kind Regards,
George.

“If You…[Read more]

I have spent countless hours with my accountant trying to understand all this on Company’s and Trusts – it is a huge minefield.

my advice – speak with several accountants on the same subject and see what they recommend.

Kind Regards,
George

“If You never never ask, you’ll never never know”

Never ever heard of such a thing – for women only…hehehehe

“If You never never ask, you’ll never never know”

Hi there,

Walk upto the agent and show him/her that you are a serious investor and don’t have time for playing games. Tell the agent,

“Look, we can do one of two things, you can tell me what you want for it, then I can submit a lower offer, then you take it back to the vendor and come back to me with a higher price. Then I submit another offer…[Read more]

Hi Nathan,

just a note in advance…for all your taxation queries, it’s best to speak with a certified accountant – preferably your own because he/she knows your status.

Kind Regards,
George.

“If You never never ask, you’ll never never know”

Hi Tinkerbell,

<<edited>>

…where theres a will, theres a way – so if you find good deals, find ways to get them – i.e. like long settlements – it will give you time to obtain the deposits.

Kind Regards,
George.

“If You never never ask, you’ll never never know”

walk around the city and look up all the offices for sale and for lease – then call the agents and ask them the asking price and return on the investment. they are usually good deals.

Kind Regards,
George

“If You never never ask, you’ll never never know”

try speaking with Westan – he is the one who has done it all…

“If You never never ask, you’ll never never know”

hehehe – i like that option terry – threaten them…but then again – ur just a number to them

“If You never never ask, you’ll never never know”

Hi Pauln,

I would try to stay in the townhouse for as long as possible while building up your portfolio.

But I was unaware you wnated a 3 B/R house. In that case, just try spending a couple of thousand dollars to put another wall in your townhouse and create a 3rd B/R. It only costs a few thousand and you increase the value of your townhouse…[Read more]

call your accountant and ask him/her for professional advice and the correct calculations.

Kind Regards,
George.

“If You never never ask, you’ll never never know”

Hi Janet,

Be careful – I once found a similar unit with a good deal. But the condition was that on purchase, I had to relocate it to other land. So double check the conditions in place.

Kind Regards,
George.

“If You never never ask, you’ll never never know”

Hi there,

The other reason to putting down greater deposits (only if you have more to spare) is that you have paid off a greater part of your debt which allows two things:

1. Increases your return from your rental as you are paying back a smaller interest repayment to the bank. and

2. Increases your equity in that property – thus allowing you…[Read more]

Hi again Starting Out,

hope it goes well.

Best thing to do is to purchase enough positive cashflow properties so that in a few years time when you go to purchase your PPOR, you won’t even need the FHOG – you’ll be that financially free anyway.

Kind Regards,
George.

“If You never never ask, you’ll never never know”

I have a very good accountant I can refer to yo _ Im also in Melb. Email me your details and I’ll forward yours to him and also send you his details if you want.

Kind Regards,
George.

“If You never never ask, you’ll never never know”

Hi Starting Out,

in Vic – No.

you can purchase as many investment properties as you wish. When you come to purchase you PPOR, you should be entitled to the first home owners grant as long as you live in it and satisfy the other criteria. But best to make a simple call to the ATO or bank and ask directly about this and get them to send you…[Read more]

soory – but im confused [confused2] about your post[ohno]

“If You never never ask, you’ll never never know”

Hi Paul,

personally I would pay minimum amount on the repayments of the loan – but not so I could save a deposit and go and purchase a larger home. NO.

Delay self-gratification. Save a deposit to go and purchase your 1st investment property with good returns. Then work out how you could purchase a 2nd, 3rd and 4th investment property with good…[Read more]

Hi Mel,

One CD is audio – like the ‘Wealth Guardian’ if you have it.

The second CD are the templates. So if you have the templates – there would be no need to upgrade.

Kind Regards,
George

If You never never ask, you’ll never never know”