One post to answer a few separate questions.

Do we provide ongoing follow up
Definately– ongoing lifetime follow up by phone and email plus two free seminars a year with private small group meetings afterwards.

Attendees become part of the inner circle.

Do I make money out of presenting seminars?

Sure I do buts its sort of irrelevant to my…[Read more]

Originally posted by The Mortgage Adviser:

The information you have learned over the years came from your own research and enquiry correct? Surely that was free and just cost you some time.

Do you ‘guarantee’ that people are going to succeed copying your teachings? (This would be a first!) Do you provide ongoing support or is that additional to…[Read more]

Originally posted by markpatrick:
Michael I have to say this advise and strategy of drawing on equity is dubious to say the least, and is just another form of highly leveraging property which is another strategy I don`t go along with.
Do you draw this equity AFTER youve made the 10%/$200,000, this would be a more reasonable plan, but then again if…[Read more]

Originally posted by The Mortgage Adviser:
Michael, I just read that you give away 2 free spots and 2 half price. How many people actually attend the $3,500 per head workshop or were you referring to the $55 seminar with 1,200 people? Surely you could run a totally FREE workshop one weekend a year for young investors.

I agree with your comment…[Read more]

Originally posted by Michael Whyte:
Michael,

I subscribe to your newsletter and I think you actually have quite a lot of good information to share and do so willingly and with little vested interest……
One quick question around the draw equity to live approach that you described if I may:

If I’m drawing out my equity growth to live on, then…[Read more]

Originally posted by markpatrick:
……I don`t stand in judgement out of spite, if I have a question I simply ask it, no offence meant.
A true money back guarantee is credability in one hit.

Thank you for explaining that markpatrick. I’m sorry if I was a bit sensitive.

Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading…[Read more]

Originally posted by markpatrick:
Michael I am wondering what is the difference between the free seminar and the paid for one?.
Also you say development is very risky yet if someone pays thousands to attend seminars to gain info which is freely available they will make millions?, or mitigate thier risk in development to the point of getting over…[Read more]

Originally posted by MikeJackson:
I think Michael Yardney’s seminars are a bit of a rip off / scam. He uses them as a vehicle to get peoples money to fund his developments (or project manage as he calls it) and to take a large slice of the pie. The only reason he is on this site is to sell these overpriced seminars. He says he never sells his…[Read more]

Originally posted by redwing:
IMHO Money begets Money and when your into Property Developing you ‘need’ money..

AUSPROP & MICHAEL

There must be ‘many’ traps for novice players when it comes to the developing game and Michaels Seminar sounds ‘great’ (honestly) but…is it for the average investor?

What income level etc would this seminar be…[Read more]

Originally posted by AUSPROP:
If you have $93k of expenses and only $50k to call your own you are bankrupt!

The point being made is you can take $50k as cash, or leave it there as $93k cash and a debt of $93k secured against the property. The cashflow from subsequent developments funds the slight negative gearing on the earlier properties. My…[Read more]

If you are going to commence building straight away and you then ket out your property as a long term investment you should be able to claim the interest on the devlopment as a deduction.

A number of our clients have saught a tax ruling on this matter and this was the result.

Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading…[Read more]

You should understand that the agent works for himself and in his best interest.

Many agents are often interested in more than the current sale. They are looking for the next property to sell and if you don’t have one, they are sometimes more interested in submitting offers from a purchaser who will offer them their house to sell. They are not…[Read more]

Originally posted by Byron Sam:
I heard Steve mention yesterday at the Brisbane Seminar a book by Paul Hanna, called “Just Do It.”
I don’t know whether this is one of the Hanna brothers of Paul and Danny fame from Melbourne as I haven’t read the book yet.
if it is I have grave concerns about the integrity of these brothers from…[Read more]

Jen
You could find better areas to invest in.
These far northern suburbs will get very little capital growth over the next few years.

What attracts you to this area. We are buying properties for investors all over Melbourne http://www.buyingmelbourne.com.au and I don’t remember anyone asking us to look out there.

As to proeprties with devlopment…[Read more]

2 good sydney based accountants are

Shukri Barbara of Property Tax Specialists on 02 8338 0355

Ed Chan of Chan & Naylor. I have just spent a week with Ed We were both speaking at the World Property Summit in Malaysia and he is a very smart guy

Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over…[Read more]

Originally posted by Y:
Just reading Michael YARDNEYS newsletter and thinking about getting my next property,……

Y

Y

That’s really great.[biggrin] I am happy that my newsletter inspired you.

GO FOR IT!

Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 10,000 readers each month.
FREE…[Read more]

Originally posted by tribe_of_dan:
Hi Alan,

Taken from the notes for Sydneys Masterclass…

“Tax is calculated by ((Sales Price – Net Purchase Price – Sales costs) x 50%) x 48.5%)”

– 50% is for the CGT discount as you have had it for over 12 months.
– 48.5% is the Highest Marginal tax rate.

Dan Lewis

Dan it is not paid at the highest tax…[Read more]

You may not need to give 10% deposit.

ALmost every property we purchase is on 5% deposit.

Many vendors are happy to accept a delayed settlement as they need to find a new home for themselves.

As Dan says, find out what the vendor wants – find out his needs before making any further offers

Michael Yardney
METROPOLE PROPERTIES
Author of…[Read more]

Originally posted by pgoldfinch:
Thanks for that colbert!

We are going to sell and have heard a ‘formula’ for investment property developing which goes:
1/3 Purchase, Designs and DA approval.
1/3 Development
1/3 Profit

ie if your total sale of all 8 units = $2.4m then it should cost 800K for the first step, 800K to develop and then your…[Read more]

The 2 common types of contracts used are the HIA and MBA contracts.

If the builder is not a member of one of these inductry bodies find another one.

If they suggest a different contract reject them. These contracts are written in plain English and while they look after the builder will protect your interest and both include penalty clauses for…[Read more]