Forum Replies Created
I believe it all gets apportioned cabo..
i.e –
Own the land for 9 years then build a house and live in it for a year, selling it after year 10…
CGT will be paid on yrs 1-9 only (you cant have 2 PPoR and your friend was living ‘somewhere’ prior to this), the value of the land should increase with a house on it though.
My thoughts only..speak to a savvy accountant
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorValues on My IP’s are still going up as are my rents, the median price in the area went up 4.4% over the last 3 months.
There are still areas out there doing well Capital Growth Wise in WA or NT
Someone once pointed out that you may be able to ‘ride’ the property cycle as it travels Australia
I believe that as values peak in regional areas in WA, City values will rise again as per the “Reverse Ripple” theory..I see that the time frame to build a new house has been extended to 18-24 months and they are ‘fast tracking’ some trades..There’s a message there and possibly opportunities as well?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by jenwren:Sad to say but the best deals are found on the street, no the internet.
Its great for researching potential areas and sourcing information though Jenwren..[biggrin]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorThanks for the links Auzzielad
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by Brisbane 04:. At present the property boom is over and prices in some areas have stabilised or even fallen/This means being more creative in what you do and some of the methods you have mentioned is certainly ways of increasing your equity.
The Property boom is over ??[blink]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorPretty much the advice I got from Margaret Lomas’s group some time back..however my finances were already set up that way at the time..the initial consultation was “free”
After that it got a bit expensive though, including yearly reveiws. I decided against looking into it any further, though see one of the franchisee’s from time to time around the place and we catch up on whats happening with each other.
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatorhttp://www.johntreed.com/Reedgururating.html
Here the site Brahms
US Based
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorTo be honest Auzzielad I think Dale’s book “Trust Magic” is worth having in your library, as is his other book “Tax Battles”..
I also Enjoyed Ed Burtons “How to Bullet proof your Assets”, whilst I found Nick Rentons book on Trusts ‘very heavy reading’..but interesting none the less.
I have “How to legally Reduce your Tax” as well and find the whole subject interesting.
Chris Battens site looks good and may be worth signing up for a Month to get a wealth of information.
Strategic WealthManagement is another site with some information..
Do you (or anyone)know of any more interesting sites/books worth investigating?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatorspeaking of QLD did you see this article?
http://townsvillebulletin.news.com.au/common/story_page/0,7034,17662002%255E14787,00.html
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorGreat Post Colin
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorAussielad how would you compare it to Dale GatherumGoss’s books or Ed Burtons book, what others have they impressed you more so than?
I purchased the book and read it some time back, I enjoyed it but found it very “light” on facts..
You like the structure..I cant find where they describe the actual structure?
Trusts are a great tool, I just wish the authors would give more information on the PIT so people could decide whether it is worth pursuing for thier particular situation, I asked them some questions and they offered me a $250 consultation to discuss them??
I have no doubt the authors are smart guys though and the PIT is definetly ‘sounding’ interesting..
Some thoughts at Somersoft (another great Forum)
Ed Chan“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI spoke to Angus and Robertson..they can only order it in.
Any gems of wisdom from the book Terry?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorSETTING GOALS FOR 2006..
Turn your IDEAS into GOALS, your THOUGHTS into ACHIEVEMENTS.
According to most opinion polls, less than 3% of individuals surveyed set goals. Lloyd Conant, founder of Nightingale Conant Corp., the biggest producers of video programs on success and achievements is often quoted as saying, “Success is goals, all else is commentary.â€
Goals are written statements which guide us in the process of pursuing what we want or what we want to achieve. Written goals are not just part of business plans or an adjunct to mission statements for small or large corporations.
Often, we forget the lessons we’ve learned in the workplace and fail to carry them over into our personal lives. Goals should also be set for individual pursuits outside of career. Goals should also be part of planning a family’s future. Goal setting is one of the best ways to achieving success in any area of life, be it financial, business or career, health, relationships or leisure/fun time. By setting goals, a scattered, shapeless approach to any of the area mentioned above can be give shape and direction. No one would try to build a house without a plan, yet many of the same people try to build a life with no set plans or blueprints. Many of us dream about where we want to go, what we want to achieve, what we want to have and what our ultimate lifestyle would be like. The biggest difference between a dream and a goal is – a goal is written down. Dreams are fluff. We can drift in them aimlessly, perhaps remaining adrift for a lifetime.
Goals don’t have to be big. They can be small. But once you see the results of setting goals you will want to set goals for one to five year periods. Successful people have a clear sense of purpose and direction in every area of their lives. If you were to do an in-depth interview with them you’d uncover the fact that they have goals by which they direct their lives. Here are seven important steps in setting goals. If each one is put into action, a concrete road map emerges showing you exactly where you have to go to get to your destination to the place where you feel you have achieved success.
Review Last Year’s Goals
Take an objective look at the business and personal goals you made last year. Evaluate what you were able to achieve and move forward; learn to let go of lower level priorities that may be holding you back. Set Realistic Goals & Objectives: When you think about new goals and objectives, make sure they’re within your reach. Be mindful of your time, energy, commitments and resources. Many people forget that life continues, even when you set new goals. If you don’t take this into consideration now, it will lead to unrealistic goal setting.
It’s Your Goal
Sounds simple, doesn’t it? However thousands of people allow their main goals to be set by others – by parents, by corporations, by spouses, by slick Madison Avenue advertising and even by neighbors. When other people determine the definition of success or the means by which success is achieved, then the goal is not yours. It’s theirs. We all know people in careers that ended up there because parents wanted them to be a doctor, a lawyer, a teacher, a concert caliber musician or an auto mechanic, farmer, fireman, policeman, pilot. The list is endless. If you don’t meet their definition of success you risk feeling like a failure. It is up to you to decide and define what success means to you. The way to do this is to set goals for what you want to achieve. This universal law drives home the point of a goal being yours – You are completely responsible for everything you are and for everything you become or achieve.
The Goal Has Meaning to You
Goals have emotional components to them. They reflect your values and force you to think about what’s important. By setting goals and determining your definition of success they become challenging and exciting. Goals give you an edge in life. They prevent you from settling into boredom and mediocrity. They also put a tight lid on the game of “What if…†With goals determined by you chances are you won’t be sitting back and wondering what if I’d done that or what if I’d tried that or any other statement you can attach to the phrase what if… Create a goal that makes you so excited you can hardly sleep. When a goal is in alignment with your core values synergy and flow come into play naturally. Harmony is set in motion and propels you towards attaining the goal.
The Goal Is Written Down
Writing down the goal reinforces its importance. Our subconscious minds recognize this immediately. Written goals set strong motivational direction. You get excited about accomplishing it because it is meaningful to you. It is your vision of what is unquestionably right for you. A written goal helps focus activities that need to be done to achieve the goal. If you are doing things to move you towards the attainment of your goal then you are “successful†even if you not quite there yet. A written goal, in addition to helping you choose what to do, also helps you choose what not to do. Remember if a goal is not in writing it’s a New Year’s Resolution. Start the goal statement with I and a verb. The “I†word is empowering.
The Goal Is Specific and Measurable
This is the point where most people become confused and often give up on setting goals. Vague generalizations or wishy-washy statements do not define a specific goal. For example – I will be financially independent. What does that really mean? An income of billions and billions? An income of $200,000 a year? A stock portfolio of $50 million invested? Does it mean you are debt free? The statement – want more time with my family – falls into the same wishy-washy category. Be specific. I will earn $100,000 in 2001. I will spend two hours each night being present and attentive to my family. Keep this catchy slogan in mind when thinking about goals – a goal without a number is just a slogan.
The Goal Is Flexible
All goals need to be adjustable to new information. Why is it important? A goal chiseled in concrete will make you feel trapped. A flexible goal gives you the opportunity to change your course of direction if an opportunity comes along that you’d be crazy not to pursue. Often the unexpected comes along and if it’s pursued it turned out to be a disguised stepping-stone to the original goal.
The Goal Is Attainable
A goal is attainable when you can see the whole process of what it takes to achieve it. Nothing is more frustrating than a goal which is so out there, you can’t see the end of the line. Chances are you’ll quit trying. You’ll give up hope. You’ll get depressed. You’ll feel like a failure. You’ll end up going back to a boring and mediocre life. If you can see all the steps it takes for you to reach the goal and the steps are realistic (no robbing banks, suddenly being discovered, rising to CEO from a low level management position in with 1 year or being rescued by dashing multi-millionaire or heiress to millions) then the goal is attainable.
The Goal Has a Time Frame
You can take forever to accomplish something. Not having a time frame falls into the fluffy dream and wishy-washy statements category. Put a time limit on when you will finish what you started. If the goal is flexible there is breathing room. Having temporary setbacks is not a crime. Also, recognize that life events – illness, death of a loved one, job loss — can and do happen which can stall your momentum forward. These life events play havoc on the psyche. You will need time to recover. When you do recover, you goals, your plan of action will help you to reenter into life feeling positive and energetic.
Here’s a quick list of questions to ask yourself to help you in setting goals.
-What do I want to do?
-What do I want to have?
-What do I want to become?
-What do I want to learn?
-What do I want to spend my time on?
-How much money do I want to have?
-What is the purpose of me doing this?
-What are the rewards and benefits of doing this?
-What will I have to do to make this happen in 1-3-5 years?
-What am I prepared to give up to make it happen?The act of writing out a description of what you want and what you intend to do to accomplish what you want in one year, two years or five years will change your life. This is the most important part of goal setting. Write it down. Display it in a visible place. I will do something today, no matter how small, that will move me towards my goal.
“Reasons are the Fuel in the Furnace of Motivationâ€
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorDD
Whilst looking at PM,s here I had one tell me they charge $2.50 for any photo’s they take, I asked if they had thought about using digital cameras and e-mail
On the e-mail scene I had a REAthat used PM1 PM2 PM3 as their e-mails, so if they changed PM’s the e-mails didn’t..
However, in saying all that I’m happy with the majority of our PM’s..one REA however is churning them, we’re getting a new one every couple of Months..prior to that we had an outstanding one..she left to become a legal secretary
Trying Dazzlings trick to see if the post looks better?[wacko]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI was thinking of you possibly fixing the levelling problem by using one of the light loam soils with chook manure, which should power the lawn along, plus the soil should settle in any valleys..
I inhereted a levelling rake/screed type thing from an old IP and have taken it with me everywhere I’ve moved..its magic when doing this type of job
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorFound it..[biggrin]
Can you think of anything else to add?
Whilst ‘surfing’ the property sites found this guide to regular maintainence… your property is ‘worth’ more than your car so keep it in good working order.
THE BIG 5 YEAR MAINTAINENCE GUIDE
Maintenance is part of owning a home and an orderly, planned approach is the only way to go. Lay your plans by drawing up a maintenance schedule – grab pen and paper, wander around the home making notes, then hang the hammock in a cool spot and plan the next five years’ activities.
Every three months
Check under the house for termites by learning to identify the mud tunnels they build. If you find evidence, don’t disturb the tunnels – get a pest exterminator to check whether they are active or old workings.
Test all smoke alarms and make sure fire extinguishers and fire blankets are where they should be.
Check all lights for blown lamps and replace as necessary.
Check taps for leaks – dripping taps indicate a worn washer, while leaks under the cover plate or up the spindle indicate worn O rings. Get a plumber to repair as soon as possible.
Operate hot water pressure relief valve to make sure it is working.Every six months
Remove spider webs and insect nests – carefully.
Clean and wash windows and walls.
Operate all windows and doors – ease if they are sticky (but not after long periods of very damp weather when timber naturally swells).
Check for and remove mould from walls and ceilings. Mould is related to humidity and does not necessarily occur in the same season throughout the country. Investigate ways of decreasing the water vapour in the air, such as venting tumble-dryers outside, using an exhaust fan at shower times and improving general ventilation.
Check for cracked glass and replace as necessary. Broken glass should be replaced immediately.EVERY YEAR
Spring
‘Spring clean’ the house thoroughly, recycling or discarding unwanted items. If you haven’t done a spring clean for a while, the first year will be the hardest.
Replace or repair damaged insect screens and screen doors.
Free paint-bound windows if not done quarterly.Summer
Check for drummy tiles – gently drag the plastic handle of a large screwdriver over tiles – you will hear the hollow sound of poorly adhered tiles. Re-glue as necessary.
Have wall cracks assessed if they have changed over the year and decide whether they need attention.
Prune plants away from house, specially near underfloor vents.Autumn
Arm yourself with overalls, kneepads, gloves, safety glasses, face mask, large screwdriver and a good torch. Crawl under the floor if you have timber floors and check for soundness of floor. If you can move termite shields (ant caps), the floor is not properly supported and should be packed out. Note any other work needed, such as tipped-over or sunken piers which need rebuilding, or floor framing which needs replacing due to rot or pest attack. Check for dampness under the bathroom.
Check roof for damaged and dislodged tiles and repoint ridge and hip capping as necessary.
Remove rust from metal railings, posts and roofs. Treat and repaint as required. Don’t leave rust too long as the problem will quickly escalate.
Check for draughts around doors, windows and skirting boards and take measures to seal the gaps.
Check and clean chimneys and flues specially if you mainly burn softwood.Winter
Remove moss and algae from paving and steps.
Remove oil stains from concrete.
Punch down nails protruding from a timber deck.
Check cold parts of the house for condensation. If surfaces are wet, increase ventilation or insulate to keep warmer.Five to 10 year tasks to tackle
Paint the interior of the house. Divide the number of rooms by five and allocate rooms to each of the five years. Adjust for relative size and complexity of each room. Interior painting is an ideal task during the hotter summer months as you are out of the sun and it’s great drying weather.
Paint exterior of the house. Over a period of four years you can paint the north, west, south and eastern walls, windows and doors, which is much more manageable than trying to do it in one hit. The ideal seasons are spring and autumn – the paint dries well but surfaces are not too hot. Take a holiday during the fifth year, unless you have a metal roof to paint.
Check brickwork for missing mortar and repoint as necessary. This is slow work, and is best done during autumn and spring.Things to check after a major storm
Check that the weather stripping and flashings around the house have stood up to the storm. Look for wet stains around doors and windows, below where roofs join walls and under box gutters.
Check that your drains were working adequately – clean leaf debris and silt from the drains and silt traps if you have them, ready for next time. Increase capacity of system (larger or more pipes) if water did not get away quickly enough.Quick response tasks for those who move fast!
Change a fuse or replace with plug-in circuit breaker when circuits blow. If this is a frequent occurrence have an electrician check out the circuit.
Clear blocked drains as soon as possible to avoid flooding.
Repair loose brick steps and paths as they can be dangerous.REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by techhowse:Are there other avenues I haven’t explored?
Have You read Dale GatherumGoss’s books?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorWho would you sell to or rent to once completed and how easy would it be?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorAgree it must be generic/easy
I like the way you can “preview” posts on some other sites rather than having to open them all..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by nmlheja:Does any body know if there is any bird dog / Spotter in Adelaide?
Dont know of any..
Be careful of some Buyers Agents as well, there are some out there who are just REA’s
What type of properties are you looking for?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
