Agree Mini.

Dino, thanks for being honest, but also for being inspired to do more, rather than just say, ba@#$#d, he didn’t give me what I wanted. As for having no spare cash (I’m there too!!), have a read of John Burley’s Money Secrets of the Rich. He offers some good ways to save money, and not really foregoing anything you need now.

Jaffasoft, I honestly think you expect way too much from a $30 book. However, you don’t have to spend the money to attend Steve’s programs or buy the extra material he offers to sell to help.

To get the same value yourself, you are going to be spending a lot of hours talking with your solicitors and accountants – at up to $250 or more PER HOUR, and unless they’re spot on with what Steve is doing, you’re still going to be making mistakes.

I don’t dare calculate the amount I have spent on seminars (it’s around $100K or more in the last 3 years – not to mention my bookcase) – but by far the best money I spent was $12K on Tony Robbins seminars. He teaches you about your psychology.

Robert Kiyosaki says himself that he could tell you exactly ‘how to’, but many people still wouldn’t do it. You need to understand yourself, and what you’re willing to do, and how you think etc., rather than just be given 10 steps to follow.

You could have everything handed to you on a platter, but where will be your satisfaction in that? yeah, you could just be after money, but it would be nice to know that you had earned it, and that if you needed to, you could go out and do it again, or help others by teaching them.

I’ve not been to any of Steve’s seminars (I’m still paying off the above mentioned education, which by the way, has earnt me more than that in equity in that time, but I can’t access all of it just yet), but would if I had some spare dollars and time. He does not have to provide these resources, I doubt he makes anywhere near as much money providing them as he does in his investing business. This forum is free too, for us anyway, but somebody has to pay to run it – guess who that is, and how he funds it?

Cheers
Mel

That’d be funny!! Come on Arty, let’s see then. It would be good to see you back as a newbie!

Cheers
Mel

That’s a great plan still_in_school – but personally I’m not too sure about it in this market unless you have a crystal ball. Can you predict with certainty at this moment where you are guaranteed of that gain?

I have many negative geared properties, and personally, I am sick of having to cough up money to pay for them. The Cap Gain has been outstanding the last couple of years, but I wouldn’t want to buy now with that aim in mind.

I guess it also depends if you plan on working for a while yet, and also your income and how much the bank will lend. I’ve about hit (in fact majorly exceeded) my servicability from the bank’s point of view, so it’s positive geared properties from now, or none.

Cheers
Mel

They all think they are so original don’t they! I still sometimes get ‘smelly’.

Cheers
Mel 2

Ali

I’m guessing that you plan to onsell? Otherwise closing costs would not be an issue?

I believe that contracts can be amended if both sides are agreeable. It may be interesting to find out though as the contracts may have been lodged with Rev Office, and if it changes now they may think you are trying to avoid stamp duty in onselling.

Cheers
Mel

I think it’s even longer to get higher. We’re waiting for Arty to hit the 1000 to see what happens then. He’s only 250 away!! Although I see that propertylogist is also now in the 500s, and TerryW is also in the 700s, but he’s not trying as hard to get to the 1000 mark.

Cheers
Mel

Hey Uncle

There are a few investors in UK on this forum. Hopefully they’ll be able to give you some specific advice.

I would think that as our laws etc. came pretty much from the UK, that it would be fairly similar in operations across there. The best thing for you to do is find a good solicitor/accountant in UK who can either advise you, or do the research into the exact laws on your behalf.

Of course, the cheaper way is to get some more advice from those UK investors on this forum, and I hope some can help.

Cheers
Mel

Hahahaha

It’s just, ‘Hey you, no, not you, the other one’ until then!

Cheers
Mel

Hey xyzzy

I like that! ROTFLMAO. Minute of noise. Hahaha.

Cheers
Mel

Hey Daisii

Best person to ask is your accountant – or an accountant on this forum.

It is my understanding (and I’m trying to do this myself to extricate myself from a relationship gone bad) that stamp duty is payable, and if it is an IP, so is Capital Gains!! This is making it really hard for me, as we own 6 properties together, and my CGT bill would be fairly hefty – especially hard considering I just want to sign them over to him for no money on my part.

Anybody that can tell me my understanding is wrong – I will buy you many beers!!

Cheers
Mel