"do unto those as you would have done to yourself"Linar, it seems you are going to do this as if the shoe was on the other foot you would cop the mistake. HOWEVER, why wait until settlement for them to find out? If you want to be completely fair about the situation, why not point the amount out to them and tell them that is what you are going to…[Read more]

thanks for the replies, i thought that was the case, it may be different in the USA not easy to make money in this country without the government taking a massive chunk of it…. still, will not give up

Me on the other hand, i have my cash in a high interest 6.7% on call account. Am keeping an eye on things and if a bargain comes up the interest rates wont stop me from buying. Am doing the conference in April and then the mentoring program so am kind of holding my breath until then. To be honest, i'm a bit unsure of exactly what i should be…[Read more]

 Hi Chook, I have just learnt from my mistake… i just renovated a property which i had tenanted for 12months before moving into it. I lived in it as my PPOR whilst i renovated and thought that i would not have to pay any CGT… but alas, i was wrong!If you plan on turning it over quickly, it needs to be your PPOR from the day of settlement…[Read more]

Hi Carlin….Please be wary, whether or not it is legal, i had an agent exchange a contract i had signed almost a week after i was told i was out bid. Yes the agent was dodgy but this is what happened… the agent REFUSED to submit any offers to the vendor unless it came in the form of a signed contract accompanied by a 10% deposit. Yes, this is…[Read more]

Hi pinknic20,I agree with Scott, it can cost anywhere from $5-$50k depending on your taste, style, re-plumbing and amount of labour you want to contribute. My biggest expense on the 2nd was the plumbing work to re-route some plumbing and the 'built-in" toilet which caused my plumber a bit of grief. I have now renovated 2 bathrooms, the first…[Read more]

DraconisV wrote:
It seems like what I am proposing is fraud, it doesn't make me feel good that this is the truth. hmm, if they can't catch me(small chance) then why not give it a go. quote]  What you are proposing, have no doubts, IS fraudulent. You are on a website promoting your intentions to use the FHOG in a way it is not supposed to be…[Read more]

I am no expert but it would say it really depends on your reasons for buying. Are you buying as an investment to rent out or as a PPOR to live in yourself. If it is a PPOR it comes down to personal preference and what you can afford. If it is an investment property, you should really compare prices of similar sized apartments and the rents of…[Read more]

Hi. I have one RIP and am in the same boat, i’m starting to look at Commercial and industrial as the returns seem to be more secure and better overall. However, on approaching my current lender, they wanted 100% security on a business loan… YES you read correctly… 100%!! I explained to them that i would not be running the business just buying…[Read more]

Just out of curiousity…..

Please don’t take this the wrong way but i’m just curious….

Why do people who don’t think it’s possible to achieve such big goals bother to become members of a website such as this? It’s just that i have 110% faith in the fact than everything that Steve and Dave achieved can be replicated… with the right amount of…[Read more]

I saw the show AND i went to the most recent seminar….

To all the sceptics i say, ‘put your money where your mouth is, read the books and go to the seminars’. Who really cares how much money THEY are making? What is important is that they’re out there, they’re having a go and achieving some amazing rewards. I have now spoken to and emailed many…[Read more]

Thanks all for the responses! Today i managed to get out of the deal that required mortgage insurance, turns out the exchange hadn’t happened yet and i got a get out of jail free card! BIG lesson learned there. As for the CGT, i am only renting at the moment so look forward to receiving 100% profits, very happy indeedy! Thanks