Bear,
I’ve never been inside a Sthapatyaveda House, but I’ve experienced many of the other lifestyle products the consultants are offering and they’re all fantastic.
Some of the consultation fee goes towards building and maintaining a group of scholars who will meditate together to create world peace.

Here are a couple of…[Read more]

Brownrabbit –
Environmenally sustainable design should be integral to all property.
I would like to incorporate the same into my IP’s once I’ve found a way to do it economically so that we get a good yield.
I’d also like to hear more about your plans.
my email is [email protected]

yogic flying for world peace

Thank you Scarecrow.
The next challenge is to build a Shapatyaveda house at a property that I and everyone can afford.
My budget is around $90K for house and land, so the location will be a small country town, in SA.
The consultation fees will be about $6k.
I’m thinking of a transportable home, but I looked at one a few years ago on a warm day and…[Read more]

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Picja1,
the reason I don’t want to go for a 2nd mortgage is because I want to be an active investor.
I want the property I own to make a positive difference in peoples’s lives. I want to be proud of what I own for more reasons than the fact that i’m earning x% from it.
The following gives some idea of where I’m heading.

TORONTO GLOBE AND…[Read more]

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Pica

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I gave up too soon.
Because the area is so grey I’m going to apply for a private ruling from the ATO.
It’ll be cheaper than a consultation with a high profile lawyer/adviser/accountant, after which I would still need a private ruling, so what can I lose?
+ I’ll feel more secure afterwards.
I’ll let you know how it goes.

Thanks for your input, guys.
It looks like the odds are stacked against me.
If it came to a showdown in court between the ATO and me, I wonder who would win?
I could cite Chris Batten’s advice, but apparently the ATO has him on their radar, so it wouldn’t surprise me if they came up with some rule that says something like:
“anyone trying any funny…[Read more]

I went to an introductory evening last night.
It’s incredible the depths that we have sunk to in order to make money.
If you trade index options you are basically becoming a bookmaker for European punters who want to bet on what number the index will finish on in 45 days time.
No doubt that it’s safe; who’s more likely to go broke, a punter or a…[Read more]

Adofunk, you got your numbers upside down when calculating the yield.
Divide the rent by the purchase price, not the other way around.

Thanks TerryW and Rachel.
It’s a hypothetical lease-option situation.
My path towards an investment property soon seems clear, but I want to be prepared in case I have to act quickly.

Thanks everyone,
All very useful comments.
I appreciate the time you’ve all taken to read the post and especially those who responded.
I think I’ll explore the creative financing a bit further as Steve suggests.

We’re eating into our line of credit. The end can’t be that far away. I’m praying that one or more of my other schemes will bear fruit before we reach the limit of our loans.[]

hi Wogboy,
i have prepared some lease/option contracts.
they’re unscrutinised by any lawyer, but they should save you a few hundred in legal preparation fees.
email me at
[email protected]

Mate,
with achievements like yours at 25 years old and your obvious resourcefulness, you don’t need a mentor.
All you lack is the confidence that comes from personal experience and there’s only one way to get that.
You are well set up. Just go for it.

I am about to start doing lease options in SA.
I have not invested more than a few hours of my time but have come up with the following contracts that I’m about to submit to a lawyer for approval:
Option to Purchase, and
Lease Agreement.
If anyone would like a copy of either, just email me at the address below.
I tried to paste them here, but…[Read more]

I’ve changed Trustee of my TRust.
It’s no big deal.
It’s as simple as one driver getting out of a bus and a new driver getting in.
There was no stamp duty or CGT.
The only minor hitch was that the bank wanted to see the Trust Deed before it would allow a new account, to ensure that it allowed for a change of Trustee.
The Trustee is only the…[Read more]

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Michael & Kaye,
You guys are sensational!
What an art, such technique. You cut straight through the hoo-ha.
Even Jenman would be impressed.
which reminds me…
We had a Jenman agent knock on our door recently trying to drum up onterest in a local place they were trying to sell.
During the course of the conversation he told me about a property…[Read more]