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  • Profile photo of kay henrykay henry
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    January 12, 2004 - 1:37 am

    Oh well, it was always a choice between the property investing weekend or the Hellfire club- hehe. Guess Hellfire wins again! [?]

    kay henry

    Profile photo of kay henrykay henry
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    January 12, 2004 - 1:33 am

    well Matt, the results of stalking myself is that I’ve had to put out a restraining order against me. I turned up in court and argued against myself. Then I followed myself home :O)

    kay henry

    Profile photo of kay henrykay henry
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    January 11, 2004 - 3:44 pm

    A timely article from today’s Herald:

    http://www.smh.com.au/articles/2004/01/11/1073769454737.html

    kay henry

    Profile photo of kay henrykay henry
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    January 11, 2004 - 12:51 pm

    richmond- lovely shots :o)

    And your wife is simply gorgeous, richmond. What a stunning bride!

    kay henry

    Profile photo of kay henrykay henry
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    January 11, 2004 - 12:23 pm

    sis, I have no problem with penalties for late payment. I do think it is incredible that one might be knocked back for finance due to one late payment… Penalties are quick and painless really. Unable to get finance is a disaster.

    kay henry

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    January 11, 2004 - 12:11 pm

    hehe Mel- yeah, no doubt an audit is a pain in the bum. How come you go to anthony robbins’ courses? you seem well-adjusted to me :o)) They’re pretty exxy aren’t they?

    kay henry

    Profile photo of kay henrykay henry
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    January 11, 2004 - 12:03 pm

    Do lenders refuse you if you’ve missed one payment on a mortgage?????

    Could some of the brokers on here or anyone who knows about this please let me know? sheesh- it seems like a pretty harsh rule!

    kay henry

    Profile photo of kay henrykay henry
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    January 11, 2004 - 11:02 am

    Mel, you ask if I am suggesting we couldn’t claim for courses by steve… I think we’re on a different wavelength here. I was suggesting one might be able to claim uni/TAFe fees, because they have accreditation by ANTA or whatever- the training authority. I had presumed that any course that was not an accredited course could not be claimed- but I’m quite happy to be corrected in that, as you’ve done.

    I guess I also think that given the recent dealings of ASIC with those who are property seminar providers, that the ATO might not be accepting all property courses as claimable.

    In fact, I don’t see any property seminars that cost money as better or worse than any others. I don’t have a hierarchy of providers. I merely see a number of providers.

    kay henry

    Profile photo of kay henrykay henry
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    January 11, 2004 - 10:33 am

    Let’s face it- how many 87K units are there around these days in a town of 30,000 people? I think we take what we can get these days personally.

    sis, I know what you mean re units and the land factor. But a price of 87k for a house might mean restumping, rewiring, etc etc. The thing about units is that the entire set of owners pay for major repairs.

    Whilst we might all be looking for great CG or cashflow, doesn’t it sometimes make sense to change our expectations at the end of a boom period? If prices have doubled in so many areas over the last few years, surely we have to pay a bit more. And rental return is limited basically to what the market will pay.

    Perhaps we might now take seroiusly some 7% returns given the state of the market?

    kay henry

    Profile photo of kay henrykay henry
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    January 11, 2004 - 8:34 am

    Mel,

    I could set myself up to give seminars for 50k- but why would the ATO accept you using it as a tax deduction? Surely, there is some regulation on what is accepted and what isn’t?

    I thought tony robbins did motivational seminars? Can you claim his fees to improve your life? seems like a long bow being drawn there.

    I think the ATO is gonna clamp down on a lot of things. For example, surely one couldn’t claim “spotter” fees as a tax deduction? Waddya think?

    kay henry

    Profile photo of kay henrykay henry
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    January 11, 2004 - 6:51 am

    Thanks for your interst Leigh and Pisces. I would have been happy to attend the weekend with sis. Most of my bosses are younger than sis, so I have no issue around age.

    Pisces- I am sure oyu can still go on the weekend even if Leigh can’t attend? You and sis can provide us with some feedback on it.

    I have an overall disappointment with the mob who organise this trip. How come people involved in property can happily rip pensioners off? It doesn’t even make sense to me. I wonder how they were raised.

    kay henry

    Profile photo of kay henrykay henry
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    January 11, 2004 - 6:44 am

    Mel,

    I’d be significantly surprised if the 15k-50k seminars were tax deductible. Your partner got audited/questioned on it, so perhaps you can give us some feedback on what the ATO’s position on it is. :o)

    kay henry

    Profile photo of kay henrykay henry
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    January 11, 2004 - 3:25 am

    OK- her’s some proof about victor ollis’ company, country house and land sales:

    http://www.abr.business.gov.au/(51wdu255tykhada5thziyr45)/WebProcessEngine.aspx?pid=8000&sid=2&outcome=0&SearchCriteria=76+992+421+973%3dAll%2c1%2c0%2c0%2c0%2c1%2c0%2c0%2c0%2c0%2c0%2c0%2c0%2c0

    This search was done by me going to ASIC, the going to FIDO on that site, then going to the Australian Busines Register site. It was a free search.

    Here’s the info about his jailing for an extensive time for ripping off pensioners, and then running a company while banned:

    http://www.parliament.qld.gov.au/handocs/1995.pdf/950221ha.pdf

    Sorry sis, I don’t really wanna hang around a guy who rips off pensioners- or anyone, for that matter :o( I won’t be going on their tour.

    Now I can stop hogging, but thanks for your patience while I did the checking I needed to before defamation proceedings began. I’m sure you’ll all understand :o)

    kay henry

    Profile photo of kay henrykay henry
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    January 11, 2004 - 2:56 am

    Here’s a further post from somersoft:

    http://www.somersoft.com/forums/showthread.php?s=&threadid=9420&highlight=country+house+and+land+sales

    sorry for hogging :)

    kay henry

    Profile photo of kay henrykay henry
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    January 11, 2004 - 2:45 am

    Anyway,

    Here’s a link from the somersoft forum with some details or opinions:

    http://www.somersoft.com/forums/showthread.php?s=&threadid=5962&highlight=country+house+and+land+sales

    kay henry

    Profile photo of kay henrykay henry
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    January 11, 2004 - 2:32 am

    I’ve hear rumours about the person behind this company. If anyone would like to message me privately, I would be happy to publish any details relating to this.

    Given that we’re a public forum, and we are out to help each other- are we? then I would like to have some *proof* of this person’s association to the company, and I’ll put up what I know. Or do I have to do the ASIC check myself? If anyone can help me out here, I’ll just trasparently post emails about this gentleman’t activities. If no proof, then I am not going to publish and be accused of defamation.

    I do things transparently- someone help me out here.

    kay henry

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    January 11, 2004 - 2:14 am

    Sue,

    I’m lazy- i just think- 50k house = $100 a week rent. 100k house = $200 a week rent :o) I just double the purchase price for rental income.

    kay henry

    Profile photo of kay henrykay henry
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    January 10, 2004 - 9:36 am

    Props- I’m 37 :)

    kay henry

    Profile photo of kay henrykay henry
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    January 10, 2004 - 9:29 am

    richmond,

    I wanted to buy metro also- 3 years ago- before i had much CG on my coastal property- and guess what? The bank said i couldn’t- even with lender’s mortgage insurance. I totally had my eyes set on that place- but my eyes were bigger than my wallet.

    Even hindsight doesn’t work when you can’t get into the market.

    Should we have bought in sydney 3-4 years ago? yeah, no doubt. Could all of us been able to afford it? Not at all.

    The neg gearing vs pozz gearing debate isn’t even practical when people actually *can’t* afford it! I consider myself lucky to have bought in a coastal place when the market was so flat. It even had neg growth for a few years after I bought it.

    It’s funny how people in sydney say they’ve had so much growth and people aren’t sensible to buy regional or country. But we all buy what we can afford.

    kay henry

    Profile photo of kay henrykay henry
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    January 10, 2004 - 9:18 am

    Matt, no- not married- but you knew that surely :+P

    I think i was married, I would have less time to do many things. While I’m unencumbered, I can follow *my* interests. Won’t be long now until I am married, but until then, I’m gonna be a property predator :)

    kay henry

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