Great post,Generally what we see (and get served in life) is a reflection of what's inside. The bottom line is that real estate (in all facets) is a relationship business. Rapport is our most valuable tool.
Hi Mel,firstly congratulations on your progress to date.Do not invest in property assets merely for the benefits of tax breaks and certainly do not rush to buy before June 30. No offence but your income is not that high (yet) at pushing such boundaries, and needing to rush. If you are able to deduct office expenses and there is a need then…[Read more]
Whilst caution, due diligence and respect for one's own level of debt and servicability should be priorities in anyone's investing journey, you should not assume that every one here conforms to your opinion…….."The fact you had to come here to get help means you are not prepared enough, or not smart enough, probably both.—Scamp. "This is a…[Read more]
Hey Richard,not sure about that arm of his operation, whether he contracts out or it's his show. Ring Metropole and find out.Also Patrick Bright is big on the Sydney front. Try:http://epspropertysearch.com.au/home/default.asp?MenuID=3
Hi richief,I have not personally used them, however have heard Michael Yardney speak on many occasions, read his book, spoken to him and various of his staff at expos and receive his e-newsletter. If you are looking for a buyer's advocate, I think you would be hard pressed to find better for the Melb market. I also believe they cover Brisbane…[Read more]
And here's a link where they reckon not to investhttp://www.propertytalk.com/forum/showthread.php?t=15841Matt from your previous posts I take it you're from Qld. Where abouts are you based?Actually have sent you a PM………hope it's gone thru.
cu@thetop wrote:
Is signing a contract where a company has no funds to complete (or no intention to do so) deceptive conduct under the TPA? That would make the signatory a defendant perhaps?
Probably, but if they have no personal assets………..the legal chase becomes expensive
Hi Charlie,the company may well be a two dollar corporation. If he is the director there may be recourse against him, however he may have no net worth, viz: no assets in his name or a high level of debt compared to his gross value/worth. You need legal advice.What was the reason that settlement wasn't effected? What have your…[Read more]
Hi Shay,I went interstate to lessen/optimise personal land tax liability. In Vic, I have some IP's in my own name and some in our Super fund. I also own an IP on the Gold Coast.I was looking to diversify the type of property I had (mainly houses on decent land and one commercial) to apartments. My aim was to buy a "six pack" and ended up with a…[Read more]
Hi Shay,welcome to the adventure. My advice would be to " be informed ". Read as much as you can and scour this forum for ideas/strategies that resonate with you.I would be looking in your own back yard first and depending on your budget look at buying with as much land content as possible, preferably not on the fringes. I'm in Melbourne and…[Read more]
Hi tuggerwaughThe interest on the " $ 10,000 " used for a deposit on 2nd IP purchase should be tax deductible. The tax office follows the flow of the money and the intention of the purchase which in your case is for an investment asset. I am assuming that there will be a rental income from this 2nd IP and that you've not purchased raw land.Confirm…[Read more]
Hi Jim,what a fantastic problem to have ……….phenominal growth As with Steve's advice above, you need to see your accountant and with the numbers involved here, I would also seek a second opinion.By the way, I wouldn't just claim the interest. You should be looking at deducting all the holding costs off the profit (such as council rat…[Read more]
Hi PaulGlad you enjoyed the show. Wait till you get the homestudy, you're in for a treat. Who knows I might even see you at the the three day seminar if you attend. Enjoy the DVD's and manual…….very comprehensive.
Hi Lisa,focus on what you are doing for now as a more broad based intro. Carly's stuff is certainly more specialised but not too narrow as to only offer one straegy in the development game. I will post after I have attended her three day course.
I have gone thru her DVD home study and it is excellent. Very broad and encompasses all facets of the developing process. I've not come across anything like it in Australia. There are a few books out there but only one by Andersen "Residential Real Estate Development" really entertains the topic well.I am going to her boot camp live seminar in…[Read more]
Hi Don,I haven't attended, however have heard Peter Koulizos speak several times. Having looked at the brouchures, it appears to offer a fairly thorough consideration of property investing. I'm not sure how experienced you are and how faar into your property investing journey you are. If you've already started investing, I would see better value…[Read more]