Karlm,Further to my comments about photocopying the Balance sheets from 101, I have just seen that you can purchase a pad from the below site for US$5.00.http://www.richdad.com/Store/Catalog.aspx?ProdType=ProductMultiTileCatID&ProdValue=3

Hi Karlm.We have both the 101 and 202. All we do is photocopy the pages and rarely use the originals from the pad. Easy done. We both play these games often and enjoy them very much. Can be up to two times a month. Loretta enjoys the 202 as it is very excitng as you can go bankrupt and get hit with heaps of additional expenses while I enjoy the…[Read more]

Hi Swampy,Just another idea that I use for when I look at my current IP to how I calculate the yield for a new IP. Some people disagree with my method and some people understand what I am saying   but still may not agree. lol. This is just how I do it – right or wrong – it is up to each individual to make that decision. ( I see my wife shaking h…[Read more]

No we have not done the course yet, wisepearl, as TAFE QLD still did not get it up and going. I have recently searched on the TAFE site again and could not see any courses at all – only for shares.So we are looking for other alternatives where maybe you can meet with other like minded people for perhaps social drinks or dinner to share ideas,…[Read more]

Thanks for your information, Richard and Terry.i just needed to obtain other opinions as a good friend of ours stated that when he was self-employed he found it very difficult to get finance compared to as an employee.I have noted oter comments you have expressed in this Forum and respect both of your viewpoints.M & L

Thanks, Linar & Michael for your input.I agree with Michael that there are seminars that are out to promote their own end…. been to some of them years ago.When I Rang Gold Coast TAFE about the course yesterday, the lady that I spoke to was very keen on the course heself as she has heard it was very good.  I have enclosed a brief summary of the…[Read more]

With the assets test for investment property,  the nett assets are taken into account – Value of the property less loan to purchase the property. For the income test if expenses are greater than income, it is assessed as nil. This is for Pensions and Allowances.Yet in saying that, for Family Tax Benefit (FTB), it is a different story. If real…[Read more]

If you buy an IP and most of the value of the IP is in your loan, it will not affect you really for the assets test. The income test will be nil if the property is either positively geared & negatively geared tax wise or it is fully negative geared.If you wish to get further clarification talk to Centrelink's Financial Information Service (FIS)…[Read more]

Taking the above details we have been discussing though – knowing that these types of investments are "specialialised"- I have noted again that the nett return are still between 8 – 10%. Is it still worth considering these types of investments?

Taking the above details we have been discussing though – knowing that these types of investments are "specialialised"- I have noted again that the nett return are still between 8 – 10%. Is it still worth considering these types of investments?

Thanks for those details, Steve.There are some things I was not aware of – CoCR.Thank you for your input.   Michael and Loretta

It does, Ross. thank you.   But it only then raises more questions. Which is the best to use then? What you invest in the property yourself or the whole value of the property?Also what do you mean by "cash return"?ThanksMichael and Loretta

Wow!! Thanks for that, Trakka. We may need to do more research on this then  DEFINITELY!!!!Thank you for valuable information you have given us.  

WOW! Is that correct that it is hard to borrow for these types of investments?    hmmmm Thanks for that, Trakka. I was looking at putting in about 20% of the cost.