‘Mel, before I summarise what exactly you are looking for let me first ask you whether your present partner is aware that you ‘are on the lookout’ ? (or at least considering your options) []’

I would hope so. I have ‘broken up’ with him about 3 times so far, and see him maybe once every three weeks, but he still does call me almost every day,…[Read more]

I recall Robert Kiyosaki saying that if he offers his course at $99 – which he could to cover costs, then he will get people with that mentality. So he’d rather charge a higher price, and get people who really want to learn.

Robert Allen put on a free seminar somewhere in the States. He was in the lift with a guy who didn’t know him, and who…[Read more]

I thought that I wasn’t – at least until towards the end of the year, but then I remembered my deal in Paddington. So yep, I’m buying in the next couple of months.

Cheers
Mel

Originally posted by markpatric:
Are you saying the seminar was free Melbear?, I am talking about paying big dollars for information which is fast becoming obsolete anyway.

No, I said the kit was free. And why is the info obsolete? Because we are not in a fast moving market? Because we no longer buy real estate the same way? Because Kiwi’s…[Read more]

Why is the buyer’s deposit at risk? It isn’t here, as it is lodged in the Real Estate trust account. If the development goes past sunset clause, or doesn’t finish for whatever reason, the buyer’s can get their deposit back.

Four concurrent developments in Canberra is about 3 more than most other developers have on the go at any one time.

I…[Read more]

there’s been a little discussion about Mt Morgan in some of the Rocky threads and some others. If you do a search it should come…[Read more]

Way to go Dom! Although on PP the yield is 12.4% but I’d take that most days of the week!

I’m not buying, but I’m seriously hanging on a contract exchange for Thursday on one I am selling. Should free up $60K for me to invest further and turn into $70K cash by July 05!!

Cheers
Mel

Good one Chan. Had to think about that for a second []

Cheers
Mel

Rooney, if mopsy’s suggestion is feasible for you it might pay to consider it. Then the CSA would ‘assess’ what you had to pay, which would be less, but you and your ex could come to the agreement that you had prior to CSA/Centrelink involvement and you’d both wind up winning! I’ve got a friend in the same situation. He said that for every $$…[Read more]

Kewl Dude, if the guy wants to know what his place is worth, either ask another couple of RE Agents, or shell out the $$ for an independent valuers report. Tell them it’s for selling purposes, and know that it will probably be a little conservative.

Also, put him in touch with a good solicitor who should be able to step him through what he needs…[Read more]

I think the tender is the ‘silent auction’.

If you are going to submit an offer, you must put what you are willing to pay – and be prepared to miss out. I think that’s how they get the emotion out of purchasers – at least with an auction you can see what others will pay. However, tender is better for a seller I guess in that the top price may…[Read more]

Peninsula investor

$3K a year is not too bad – provided you have the money, and have done research on the capital gain potential. To ‘maximise’ the tax you will get back you want to make sure that the building was built post 1985, and/or that there have been renovations done recently that will have good depreciation in them. This is the way to…[Read more]

Surely if you have the income to service both debts it’s a lot easier than calling it bridging finance?

Cheers
Mel

Definitely keep hassling the agent. threaten them with legal action etc. I had to threaten mine with letters from my solicitor to them, the Fair Trading people, the REI etc. etc. Miraculously they coughed up.

there is also a website called http://notgoodenough.org/ . Check it out. You can put your grievance on there for all to see []. They…[Read more]

YoungInvestor, I have 8 IPs and never owned a PPOR. Penguin Jr I did have savings at 19, but didn’t use them to buy my first IP. My parents let me use their place as security (I don’t think any of us knew what we were getting into, we were well and truly two tier marketed – but it was a good learning experience).

I’ve moved back home now, and…[Read more]

Yep, agree with the others. It will become PPOR as you move in. If you only stay in it for three months prior to selling, the CGT will be based on 24 out of 27 months. So, on 24/27th of the gain, which is still huge.

However, I think you could still move out for up to 6 years – if you have no other PPOR in that time – ad move back in and then…[Read more]

I’m jealous too![]

KB, what is it you are after exactly? A spotter to find the properties for you?

Cheers
Mel

Hallo Aussies, hope you’re geared up for the Olympics.

to answer your questions, I don’t know. But I thought I’d bring this post to the front again. Michael R if he’s around should be able to help with that one – he is a Kiwi (I think) who invests in the States and knows his stuff.

Perhaps you could also ask this question in the finance forum…[Read more]

Mark, you say that both you and your wife are on the highest tax bracket but you mention you have been out of work for 4 months?

With the ‘No Income Protection’ I’m guessing that this is through injury, but that either way you are not getting paid? Therefore your tax bracket would be very low?

$5000 isn’t too bad (except when there is no…[Read more]

Hi Indifference

Good tips from Steve. You could also adopt the ‘wait and see’ approach, which should give you time to get some savings underway, which will of course reduce the amount you need to borrow. It will also give you more time to research etc.

Don’t feel that you need to jump in RIGHT NOW. Just get everything ready to go – ie LOC on…[Read more]