Personally, I have no interest in Jenman Real Estate agents. I don’t like having to actually walk into their offices, and be ‘screened/qualified’ before I can even ‘window shop’. If a property I am looking at interests me, I will contact the agent. I also don’t believe it’s up to them to tell me whether or not I can buy a property.

Cheers
Mel

Here’s the thread.

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=5911

Cheers
Mel

Originally posted by Pisces:
The formula is only correct if one were not required to pay tax on one’s profits.

Pisces, I disagree slightly with you here. The formula can be correct if you take into account the return you are expecting ‘after tax’. If you expect a 14% return (nice[]), and you’re in the top tax bracket, you just halve it to 7%…[Read more]

The ‘sting’ I believe is that any building depreciation you claim over the term of your ownership, is deducted from your cost base when selling, so you pay CGT on this cost.

Example.

Building cost $100K to build. So you can claim $2500 each year for 40 years.

You bought for $300K and held for 10 years. (I’ll ignore ALL other costs to show…[Read more]

The spoils of the victory are that Henry has lost nothing as yet. They can now go after some of his other 100 companies, but he can still earn his salary of $100K+++, and keep his house, and run his other companies as he sees fit.

The Administrator has said that if the aim is to completely unravel the entire Henry Kaye empire, it will easily…[Read more]

Jack, obviously you have not read my other posts. I attended Investment Mastery for $15K, I attended Mezzanine Finance for $12K (both with partner), and I was ‘currently’ enrolled as a Gold Affiliate at a cost of $55K. I am still paying for the last two mentioned courses, and didn’t get about $15K of ‘promised’ value, solicitor consultations out…[Read more]

Congratulations on a year Del.

I bet you wouldn’t have thought you’d be this far along your investing journey when you started out a year ago!! []

Cheers
Mel

Oh dear, boys and their football![]

Cheers
Mel

Originally posted by Pisces:
Has anyone got a clue why the husband suddenly slapped his new bride ?

Because she shouldn’t know if it was ‘big’ or not? Having not slept with others of course.

Cheers
Mel

Muppet, I think the Kiwis have another win coming up. 45 off 17 with only 3 left, and Pollock has a runner!!

Aussies 0/30 off 6 against Sri Lanka. Long way to go there….

Cheers
Mel

Now the SA require 27 off the last over.

It went as follows: 1 6 2 6 6 (6 required off last ball)

Mills finally got it right – bowled a yorker. Dot ball -…[Read more]

Kenshin, are you talking about settlement, or when settlement is still a couple of months away, but the deposit bond you got expires before that date?

Cheers
Mel

Hey Muppet, the other word I have seen in the punchline is screwed. I don’t think you could put that – in that context in the newsletter either!

Cheers
Mel

Bobby, you’ll also find that the ATO take a dim view of a unit trust (with units owned by you) making a loss and then distributing that loss to you if you are renting the said property.

Definitely speak to a tax accountant.

Cheers
Mel

Pisces, in this instance I wouldn’t think that cutting the agent out was the intention. Making sure the offer has been submitted is fine, but you as the buyer need to inform the seller that you are only going direct to them as the agent refused. Implicit in this is that you were in fact introduced by the agent, and therefore the commission is…[Read more]

Which one Chan$? You can pay about $15K but that includes 3 seminars at various times throughout the year/s.

His most expensive seminar if you buy them separately is $7K.

Cheers
Mel

Marc, your accountant sounds like a fool.

Check out http://www.chrisbatten.com.au. I think he’s in Sydney, and is a solicitor. I would get him to set up your trust for you (my solicitor did mine). Then I would call Nick Moustacas http://www.strategicwealthmanagement.com.au and ask him to be your accountant.

If you are uncomfortable with your accountant, or…[Read more]

KB, I could suggest that you buy lots of books – or for a really quick, hands on, attend Steve’s seminar. I think it’s soon? Would definitely be worth it for you.

Other than that, I’m thinking that your lifestyle expenses must be up there with your income if it’s not enough (I’m not judging, just saying that it often happens that way[]). If…[Read more]

I hate to say it Montrose, but I’m not even a Mortgage Broker, and upon reading your post I asked myself why they would want to help you with your attitude?

If you’ve spent any time on this site at all you would have seen that they’ve offered so much help that will not ‘directly’ benefit them, and if you had asked your question without your…[Read more]

I agree with Terry. That’s up to their solicitors to keep on top of.

However, make sure that you’ll be prepared to go if they do bring it up. Not sure how much notice they’ll give you, or what the ramifications are in the contract.

Maybe you should ask your solicitor what it says (if anything) in the contract.

Cheers
Mel

alf,

couple of ways – but both rely on you having the extra cash available anyway

re pay more than required now – as if it were a higher rate (if P&I loan)
put extra per week aside in a special account that will help to cover expenses

Or another option (depending on servicability as always)

Borrow more than you need, and have extra sitting in…[Read more]