Pisces

Did you note my post read: ‘A message from Robert Kiyosaki’?. Have another look.

Why does a true investor not worrying about taxes not have merit in this situation? Are you planning on selling? Oh yes, that’s right, you are looking at wrapping – but you can get away with it if you mark up by 11.9%!

I will not plan on selling any of my properties for a good while – if ever. I think to rush and sell now to avoid the tax is rather ludicrous. Especially with the ‘discount’ that a lot of sellers are giving. It’s like asking for a 10% discount for cash so the merchant doesn’t pay the (3? 4? %) credit card fee.

I hope that a lot of other people do hold off selling now – it will mean less supply, and therefore, what? That’s right – higher values, values which I can use to borrow further.

Cheers
Mel

But also stand by for some changes in the legislation![grrr]

Cheers
Mel

Mum worked at a childcare centre, and it was the same story. They couldn’t make it completely secure, in case a burglar couldn’t get out!!

Cheers
Mel

Excellent idea Muppet! Altho I wanted my purple ones back – I liked them…[blush2]

Cheers
Mel

[evil5][glum][satan][thumbsdownanim]

Bad DD!!

Sylvester Stallone sold his dog before he made Rocky. He had written the script, and wanted to play the lead. he was offered a lot of money (can’t remember how much – about $400KK) for the script, and him NOT to star – ryan O’Neil to star[lmao]. He was broke, and couldn’t even feed his dog – so he eventually sold him ($100 or so) so that his dog wouldn’t starve.

Eventually he found whoever made it, and he got about $50K for the script and the lead and 10% of the gross. His first task was to find the guy that bought his dog. the guy wouldn’t sell him for any less than $7K (or maybe more – I’m really bad with this story), AND a part in the film – which he got.[specool]

Yay for dogs!

Cheers
Mel

Sorry – I meant to say

Deal!

Cheers
Mel

1. Internet businesses
2. Shares
3. Livestock breeding
4. Vending machines
5. …… I’ll get back to you on that one.

Cheers
Mel

HI Cobra

I wish! As I said, I rang the Ombudsman’s office, and they are the ones who gave me the info! I’ve had three debits reversed so far ($2083 each!), and last week I finally got a letter from the company debiting my card letting me know that my bank reversed the transaction in February (they’re very quick these guys that work for NII)!! I now owe them $2096 or something (must be penalty charges), and must pay by cheque or credit card. I also must contact NII (who no longer operate) to update my details.

They can go get stuffed!!

It was probably a good thing though – the limit on that card was $10500, and it seemed that every time it was raised, I would spend that much on it! Got harder and harder to pay it off each month, but I still managed to.[]

Cheers
Mel

1. Be ready and willing to fire your advisors if they’re not the right fit – or if you are constantly educating them.

2. If you sign contracts for a long settlement with no finance in place – get onto it early! Be prepared to go to backup plans (I went to plan E on my last purchase [ohno2][puke])

3. This forum is a great place to learn what you don’t know you don’t know. ie. I had no idea about trusts when I started – now I’m playing a bit of ‘catch up’

4. Don’t believe everything you read on a internet forum – always check with professional advisors to confirm/deny what you have ‘learnt’

5. Tax audits suck!

6. Before you buy (or at least shortly after []) know what you want to achieve, and how the property fits into your particular plan.

7. Don’t be afraid to ditch a ‘dog’. If your money can be better invested elsewhere, maybe it’s a better idea than living in hope.

Cheers
Mel

Ha ha Kay.

Cheers
Mel