I believe Terry Ryder actually says in his book ‘Confessions of a Real Estate Agent’ that he has never, in fact, been a real estate agent, but he knows a lot of them…..

Cheers
Mel

Hey Gatsby

Sorry to hear about your Dad – I hope he is doing ok?

Cheers
Mel

Huey, Huey, Huey

Remember our discussion about your son, and his occupation? Mate, you really are better off not buying it in his name. Maybe in his wife’s name, or a trust, but definitely not in his name!!

As for your Sydney house – has it increased in value since you bought it? what are the likely prospects for it? If it’s a good area (I…[Read more]

Jaffa/Liz

Originally you were both spelling mneumonics, which I think is where Jaffa became undone with google. I thought the word looked strange, but I thought I didn’t know the technique, so it must be spelt right. Once Liz said mnemonics, I’m sure you’d find lots too Jaffa. []

Cheers
Mel

Hey Jeff

Not sure if I read them in his books (one of them I didn’t finish!), but definitely learnt them in his seminar. They are, however, in Jamie’s book, and as that is closer to hand (or foot, as it’s at my feet as I type []) than my seminar workbook, I’ll quote from there….

Tony says ‘Everything human beings do, they do for a reason.…[Read more]

Robert Kiyosaki, and John Burley both started their investing careers with seminars from Robert G Allen. In fact, it was listening to a tape of the first two, that made me do a search for Robert Allen on amazon.

I have since bought all of his books. Interestingly, John Burley gets a mention as one of his most successful students. In the early…[Read more]

Nope! I might suggest to them that they find a good accountant, and do that – it cost them quite a packet – plus the $100K it cost to bring his kids to Australia with them!!!!

Cheers
Mel

1 – 26 L of the A
26 Letters of the Alphabet

2 – 7 D of the W
7 Days of the Week

3 – 7 W of the W
7 Wonders of the World

4 – 12 S of the Z
12 Signs of the Zodiac

5 – 66 B of the B
6 – 52 C in a P (WJs)
7 – 13 S in the USF
13 Stripes in the United States Flag

8 – 18 H on a G C
9 – 39 B of the O T
10 – 5 T on a F
11 – 90 D in a R A
12 – 3 B M…[Read more]

Ezy, I believe as of 1 July (or June even) that the ACT government has introduced that rule. ie the seller now has to provide as part of the contract a building inspection, a pest inspection, and any number of other reports as well.

which I find interesting, because a building inspection report I picked up on Friday for a proposed purchase, was…[Read more]

Hi wrogers

If you click on the search button under Forum Boards on the left hand side, and do a search for ‘pension’ or ‘Centrelink’ or ‘fiso’ you should come up with a few threads that have been discussed regarding these issues.

Hopefully something in there will help you out.

I really hate the thought of only getting 70% of that $160K back -…[Read more]

Derek, I love those people who quote that sort of figure.

They are soooooooooo conservative – aiming for only a 5% (net) return.

If I can’t do better than that, I may as well sell up everything I have, and hand it over to a fund manager[oink]

Cheers
Mel

Originally posted by wilandel:
I always enjoy reading your posts, although I only wish I had the time to read a whole post at a time. Usually I have to read half of yours, and then come back later and finish the other half! [upsidedown]
Del

Ha ha Del, that is so true. I think of everyone who has posted here – Mini has got to have the number of…[Read more]

The 15 years that SIS mentioned rings a bell, and I believe it has to be owned in individual’s names, rather than other entities. as for exact details, I didn’t pay attention as I was looking at purchasing in the trust’s name anyway….

Cheers
Mel

Welcome Colin

I would agree with Brendon to do a search. It really depends on what you want to achieve as to which structure you use, and how flexible you wish to be – plus what your understanding of the structures is.

If you don’t fully understand trusts, and perhaps even if you do, I would recommend Dale Gatherum-Goss manual Trust Magic (and…[Read more]

I think that ‘used’ to be a good way to sell your property without stamp duty etc. etc.

You basically set up a company to buy each property, and then simply sold the shares in the company to the buyer. I believe the tax office has now ‘wised up’ to this strategy, and makes you pay CGT and stamp duty on transfer of shares.

wonder if you could…[Read more]

Hi Kylie

Check out http://www.somersoft.com.au – that’s where Ed ‘lives’ and there are details of the Canberra group there.

Ed’s email should work thougg – I got one from him recently.

Cheers
Mel

In Canberra they all start at 10% + GST, and you have to talk them down from there. I’m paying 7.5% + GST for 5 properties at the moment, which is 10 times better in service and quality than my 6.6% (inc) previous manager, that charged me $40 per ad twice a week, $77 for an inventory, 1 week + GST letting fee, 2 weeks termination fee!!!!!, $10…[Read more]

Hi

Suggest you contact Qld 007, or look at his website http://www.fhog.com.au I’m sure he could help you out with a solicitor.

Cheers
Mel

Hey afloat, I’m guessing that your ‘research’ trips are going to be on the exxy side? Is that claimable against the income over there?

Are you buying in your own name, or a structure specific to UK?

Cheers
Mel

Originally posted by Milly:
Some super ppl might be able to work full time and raise four boys by themselves but I would be a basket case.

Milly, I’m surprised you are still sane now[biggrin]

Cheers
Mel