Thanks Tyrone. I was also introduced to Brendan Nichol's via Steve McKnight and I found the last seminar of Brendan's incredibly helpful. We are very disappointed not to be going to this one. Let me know if you find anyone else who is keen.All the best,Kate

Hi,It is great that you are even thinking about your insurance! So many people don't or they do when it is too late. I used to work at a bank and they do re-possess peoples' homes after a couple of months if there is little or no prospect of the mortgage repayments being met due to death, illness, injury, etc. There are probably other things you n…[Read more]

Hi Elka,No worries, I know it must be hard choosing the right adviser. If you are really keen on shares you could discuss a Self Managed Super Fund (SMSF) with your adviser (probably best to mention it before they write you a statement of advice). However, I am not sure of the implications of your living OS on this – I do not specialise in that…[Read more]

Hi Elka,In answer to your question about super funds and whether 'all super funds allow you to choose whether to keep your money as direct shares, managed funds or cash' – they do not all give you that choice. Only a few allow direct shares and the quality and number of other different investment options can vary hugely between funds . Also, the…[Read more]

Hi vdiddy,

I am a financial planner based in Perth – OK, that’s not an invitation to send me insults, the rest of you!! I am currently on the RESULTS program and have already had to listen to a long winge from Dave (Steve’s business partner) about the ills of financial planners at the last RESULTS forum in Melbourne when we went to the pub…[Read more]

What about mortgages with people like Keystart http://www.housing.wa.gov.au/key/home.htm where you don’t need mortgage insureance, even if your LVR is over 80%? I assume they must apply to other states as well as WA…

Kate

Hi,

We live in WA too – couldn’t believe how lovely it is when we first arrived and decided to stay.

We are renting in lovely (but over-priced – hence the renting!) Cottesloe. Have only lived here for 18 months as originally from London and my partner is from Sydney.

Kate

Hi Pete & Jackie,

I was wondering that too and I did a quick search on the Internet and came up with this article:
http://www.newint.org/issue111/keynote.htm

It is a bit old (so maybe no longer current) but may still apply and seems to come from a good source: http://www.newint.org/index4.html

However, maybe the effectiveness of sponsoring a…[Read more]

Hi

I bought Investment Detective at the Perth Masterclass in June this year. Have their been any updates since then? If so, how do I go about getting them?

Kate

If you know or work out the average yield for a type of property in a given area and you work out the yield for a property you own, then you can work out if it is over-performing or under -performing and what would be a good yield to sell at. Similarly, you can work out the yield for a property you are thinking of purchasing and then decide…[Read more]

I am looking for one too… if you do a search under Forum Boards and type in ‘perth accountant’ and choose search in ‘subject only’ there are a few posts that have some recommendations.

I hope that helps.

Kate

Originally posted by Pegasus:
Are there like minded people out there who also attended the Perth class who would like to share ideas and stories of their Perth based investing??

Pegasus

Hi Pegasus,

We found out that there is a Perth Property Network in Perth that meet once a month. We haven’t been so have no idea if it’s any good but one of…[Read more]

Hi Grreg,

I am a tenant too and wouldn’t be too happy if I were in your situation. I guess you have to decide what you want… whether you really love this house or whether you would be happy to move.

I think it would be fair to ask for compensation from the landlord if there are to be major works. I don’t think it’s much fun living in a house…[Read more]

I agree with the other posts, it is probably a good plan to be up front with the tenants. We are tenants at the moment and we would appreciate that although you there is always the risk of them being uncooperative what ever you do. Maybe try to limit inconvenience to them with regard to inspections as it’s not much fun as a tenant having potential…[Read more]

Hi psyduck,

How exciting that you are buying your first property!

Did you use the Buyer Beware templates for your inspection? We have just bought them and they look pretty good and useful for justifying price discounts so are looking forward to using them at our next inspection.

Good luck with the purchase.

Kate