I think you’re dreaming SIS! If he wants me to do all his cooking and cleaning….

Let’s just say he won’t be doing much else either![]

Cheers
Mel

Wow. Interesting comment Steve. The way Hans tells it he’s been investing for years and years. Although I saw on the back of one of his books that he attended a Kiyosaki seminar in the early 90’s (I think) which got him ‘on the road’ so to speak.

I got an introductory pack from him and he seems to advocate the same sort of rental returns as…[Read more]

Good on you Bear. I was hating to think that you had reached the exalted state of Moderator, and then run away from us[:p]

Cheers
Mel

NO SIS, at the moment we’re even. Well, now I’m actually one ahead.

Did you ever buy that magazine you were telling me about a while ago?

Cheers
Mel

By professional house valuations do you mean a valuation by a registered valuer? If so, then yes the banks care. However, unless you have a really good relationship (and perhaps not even then) they will only accept a valuation done by the valuers on their ‘panel’. To find out who they use, call and ask.

Cheers
Mel

For transfer of the other properties into the trust – yes, CGT will be payable.

Why don’t you just let the trust use the equity in your properties to borrow to fund itself? This is one case where cross collateralisation is OK.

Cheers
Mel

We once were approached through our solicitor by an agency who ‘had a buyer’ for a townhouse we had just settled on. We were interested in selling, so I said, sure, you can show the buyer through. Next week I saw that they had an ad listed in the Real Estate section of the paper!! That really rather irked me as I didn’t agree to any deal – it…[Read more]

If you cannot see it being overwhelmed, put in an offer on your terms. I don’t know of too many deposit bond companies that would want to give you a ‘deposit’ in two stages, or even one for 30% deposit.

If you are serious about this place, I’d ask around a few other agents and ask what the normal tender process is. If it were me I’d really want…[Read more]

This one Muppet – from Rugby’s link.

First-time host the United States beat Kenya 29-22 in the Bowl final, Australia won the Shield 33-31 when Kenya missed a last-second conversion, and England beat Canada 55-0 in the Plate final.

I too love it when South Africa loses [] Go the Kiwis.

I can’t beleive I just said that!

Cheers
Mel

Originally posted by Pisces:
One good enough reason for a developer to delay commencement of the construction is because he hasn’t made sufficient of the plan sales and is therefore unable to obtain construction finance.

Pisces, very true, but in the case I have mentioned not relevant. There are about 300 units, and almost all (approx 280) were…[Read more]

Originally posted by james:
What degree did you do? I don’t even think you can do an arts degree in 90 hours.

Be so very literal if you like. You can then miss my point entirely, which is that *I* learn better in a total immersion state, which is what seminars are.

They haven’t implemented anything external. Everything is inside their heads.…[Read more]

[] ROFLMAO Mini and Pisces []

There really is nothing more I can say.

Cheers
Mel

I would say – don’t go there unless you have the time and interest to independently research the area etc.

If you are in such a good position, I would read some books, make some phone calls, surf the net, and identify areas you want to buy, and get out there and talk to the agents, and look at some properties.

Cheers
Mel

That’s an awful lot of $$$ for advertising!! You will also have to pay the ‘letting’ fee that the agents otherwise charge for finding the tenant which is usually a week’s rent.

Cheers
Mel

I wouldn’t touch them with a barge pole at that point then.

How many people are going to be cashed up enough to have 30% deposit PRIOR to a bank loan?

I would find out if they are ‘their’ rules, or standard tender rules for your state. Besides that, you can offer what you like in the tender I would think. You can say ‘here’s 5% deposit, here’s…[Read more]

Originally posted by Lucifer_au:
Usually a trust is used to avoid have to pay the full 30% CGT that companies have to pay (individuals & trusts only have to pay 15%).

Sorry guys, but have to correct this. Super Funds pay tax at 15%. Trusts do not pay tax, but rather have to distribute all funds to beneficiaries (or unit holders if unit trust).…[Read more]

Terry, I think the ‘easy’ *cough, splutter* bit was the rise in value from $1M to $3M. I think it wasn’t a long time either!

Cheers
Mel

I haven’t, but I will buy it. there has been a bit of feedback elsewhere on this site that it’s a great book. For other good books, Leigh K has compiled a list

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=6845

Cheers
Mel

Shouldn’t it count that the Aussies won the Shield in the rugby? [] We at least emerged with a trophy, unlike the Kiwis….

Cheers
Mel

Yes, but AMS the laws were changed only recently stating that the kitchen was now part of the building. I think it’s crap also. Who DOESN’T renovate their kitchen at least once in 40 years?

Jason, I would definitely consider getting a QS to look at your properties. Probably one who will give you a money back guarantee, or double money back as…[Read more]