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…..
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 dont know sydney so can’t comment), maybe keep it and borrow against it for your son’s house….
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. []
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. They’re trying to meet one of six basic human needs. While human values may vary, we all have different beliefs, strategies and desires. We all share the same needs.’
The 6 human needs.
1. Connection/Love
2. Certainty
3. Uncertainty/Variety
4. Significance
5. Growth
6. Contribution
Growth and Contribution are the two primary and essential needs. The first four are the basic needs.
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 80’s Allen was discussing ‘Wrapping’ as a strategy, so he was onto it way before Steve…
As for the reference to Henry Kaye – Vision Pursuit seems to be Allen’s promoter here in Aus – they also promote Tony Robbins. Henry Kaye actually partnered with Vision Pursuit – I was told he bought a 50% stake in the company, but I don’t know if that is true or not. It could well be…..
Someone mentioned that Allen advertised he made 24K in 24 hours – it was actually closer to $100K, and if you read Multiple Streams of Internet Income, it will detail exactly how he did it. It was a bit of a setup, but it was for publicity. He has a massive subscriber base, and in the weeks preceding D Day, he told them what was going to happen. ie. on this day, if you respond within 24 hours, you will get fantastic discounts off various products – ranging from one on one sessions, to Allen speaking to your company, to his courses etc. etc.
I was booked in to see Robert Allen last Tuesday, but couldn’t make it up to Sydney. I was a bit disappointed, but figured a run down would be given on here [], and that it would seem it would have to be a sales pitch. I’m seminared out, so I wouldn’t have signed up anyway – not to say I wouldn’t want to, just that I have to stop spending so much on seminars at the moment.
Geo, enjoy his seminar, get all you can out of the weekly mentoring sessions, but most of all apply the detail, and definitely report back how you go. As Tony Robbins says, there are three phases – intellectual (know the info), emotional (feel, understand), and physical (actually doing). I have phrased it wrong, but basically once you are at the physical stage, and it is part of you, that’s where it gets easy. I’ve found that seminars help me to get there – they push you that little bit, cos you meet other people there, and catch up afterwards to see how each is doing etc.
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!!!!
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 (S H T R)
13 – 32 is the T in D F at which W F
32 is the Temperature in Degrees Fahreneit (?) at which Water Freezes
14 – 15 P in a R T
15 – 3 W on a T
16 – 100 C in a D
17 – 11 P in a F (S) T
18 – 12 M in a Y
12 Months in a Year
19 – 13=UFS
20 – 8 T on an O
21 – 29 D in F in a L Y
29 Days in February in a Leap Year
22 – 27 B in the N T
23 – 365 D in a Y
365 Days in a Year
24 – 13 L in a B D
25 – 52 W in a Y
52 Weeks in a Year
26 – 9 L of a C
27 – 60 M in an H
60 Minutes in an Hour
28 – 23 P of C in the H B
29 – 64 S on a C B
30 – 9 P in S A
31 – 6 B to an O in C
32 – 1000 Y in a M
1000 Years in a Millenium
33 – 15 M on a D M C
My brain is fried, and I don’t want to think anymore[biggrin]
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 ‘Compiled exclusively for Ms Mel’!!! So if I were to provide it as part of a selling package, the buyer is not able to rely on it – or have any comeback to the inspector if they got it wrong.
Guess it will be interesting to see how these rules pan out – and if it makes the process any quicker at all…..
Lambsie, Bear1964 bird dog/spotter in Tassie and Vic(?), and maybe SA. RussH in WA. MiniMogul, Westan, Tasman Property, Castle Dreamer (?), wilandel, Brent all in NZ. DD in QLD. Others, forgive me if I have missed you…
if you do not know your structures, then Wealth Guardian or Trust Magic by Dale Gatherum-Goss (www.gatherumgoss.com) are good to read. Buyer Beware also is pretty good if you are new to the business – although I believe somersoft forum people will happily give you templates for free…..
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 – cos if memory serves, some of the ‘contracts’ don’t even allow for any CG, so if your Mum is there 10 years, and the ‘retail’ value is now $300K for them to ‘onsell’, then she would still only get 70% of the $160K back.
that’s what’s the go with the mother of my ex, and it really sux – especially as all the services they promised when she signed up (9 years ago) have not materialised![thumbsdownanim
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 words won hands down[evo]
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….
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 also Tax Battles) available from his website http://www.gatherumgoss.com
If you have further questions, by all means put them up and we’ll have a crack at them []
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 bypass Mr Carr/Mr Egan’s VTT this way?[hmmm]
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 per statement per property, and god knows what else. Plus they sucked big time!!
In QLD I think we’ve always (11 years) been charged 7.5%, and a friend gets charged anywhere from 6.5 – 8 % (3 diff agencies)