Forum Replies Created
HI $peculator I’m going to enter the program through the side door !!!! Well I hope I am.[
]Go to Resources on this site, look at “events” and if you’re quick you can get one of the 200 places at Steve’s seminars in NOV.
He is doing one only, in each of Melb, Syd and Brisbane. Yes they do cost I think about $990. BUT the invaluable thing is 6mths email mentoring.
I’m ready to make this thing a reality now. And I
have only so many dollars to spend on books, Packs,seminars at the moment. Hopefully more after my first “deal”.I think this mentoring for 6 months will make the first couple of deals…good ones. Cross your fingers for me.
This is just what I’m comfortable with. And what Leigh says is absolutely right… you will get so much help from the experienced guys on this site.
Just gotta ask.[]Good Luck
RitaAafreen,
It is really exciting when you first come to investing and I know what you mean about sleep.
My husband called out something in his sleep last night, it was very clear and had the word INVESTING in the sentence. []“The book” is the absolute best place to start.
Then go to other books….do a search( makes me sound like an oldie when I say do a search)
for investing books at the top of the screen, because we discussed good books on investing a while back.
Gave me some good ones.And a check list for checking properties
……well many here recommend Steve’s Buyer Beware ebook which Iam about to buy myself.Let us know how you go [
]Good Luck
Rita []Pinky,
Oh and Pinky I hope you DO get to the seminar,should be brilliant. [
]Rita
Sorry Leigh,
I’d just come straight from reading a couple of days of posts, and my reply just slipped out.
I think one was called “What are your goals” by our Pinky.I won’t mention the others.Any way no offence meant. [
]“OK boys. Put that monoply game down NOW and get down the oval like you were told” [
]oops Sorry.
Rita[
] [!]Right all youse boys…. get down the oval!!!1Sorry Leigh just had to get them out of here.
Whisper.(to Leigh)… you don’t know Pinky like we know pinky [
]Sorry Pinky you crack me up.[
]Rita
Hi Peter Mac,
Just to tell you our scenario.
First time dealt with a broker and the ANZ paid for the valuation, the broker gave us a “verbal” of the figure.Second.. just recent through the bank( which bank) they paid for a valuation, which was very thorough. A few days later I asked the bank for the figure, and was told that that information is the property of the valuer and as such could not be revealed to me.
So I said ( very nicely [
] that i intended to invest in quite a few properties, and would need to know my property value so that applying to their institution was a fruitful excercise.And also that I understood that information remained confidential to the bank and to the valuer. But that perhaps she could tell me what 80% figure was.
And Bingo [] []she gave me the 80% figure.Keep the talk going, youmay be surprised what you eventually get!!!!!
Rita
Hi Fullout,
We just bought in Qld. on a Friday, and had a 5 day cooling off period. Day one was Monday and day 5 was 5pm on the following Friday. RE told us this and I also checked this with our solicitor.Remember cooling off doesn’t mean you can just change your mind. If you do you will still have to pay 0.25% of the purchase price.
You can however get around this by putting a “due diligence to the buyers satisfaction” clause on your RE contract for say 8 days.
However the contracts in NSW are handled differently to Qld… I think through a solicitor.
Maybe someone can run through this please??????
It differs in each state I believe.
Hope this helpsRita [
]afghangirl,
Can you go in to a little detail about why this is best as opposed to a Family trust or a individual trust. or what should we read?Ta
Rita []Hi Scremin,
I often read your late night posts and feel like I know you!!!!! They make me smile.[]My 2 cents worth
Sounds like you’d rather be home to me.
A few weeks for cremin to stay is not so long and you can spend the day house hunting and go to bed with investment ideas that are sure to keep your head busy, while your body clock ajusts to OZ time.Just 2 things to keep an eye on
1 Talk here is that they are thinking of dropping the FHOG to $50002 Talk here in Qld about lifting the threshold for stamp duty from $80 000 to $250 000 . Whoa!!!
Of course Beatty is “Scremin” already about the money needed for the poor teachers, nurses and police.
Pity he didn’t think of that before he threw all our money on THAT magnesium plant!!!!!Don’t know anything about WA though.
Rita [
]Hi Loress,
I was justlooking at this last night.This answer is from my reading. I am no expert.I read ” If you own a property interstate, in which case you need to fly to the location, you may be able to claim some of the airfare costs” if that property is income producing.
Like all deductions you claim, you would have to work what percentage of the airfare was related to business, and how much for pleasure.So one day to inspect the property, out of 14..may be 1/14th of airfare to claim. But tax rulings are constantly changing , so a quick call to your accountant will tell you the figure, and whether you can also claim for your partner.
RE: the car…same applies. Work out the percentage of time you will use it to inspect the property. And you will claim under “cents per kilometre” method. (seeing you travel less than 5000k per year) All you need to provide is info to show how you worked out your business kilometres, in the form of a diary.
A car with a greater engine will use more fuel, and be more expensive to run.Per klm travelled you can claim..
In the example I was reading was this
1.6litre engine……47Cents
1.6- 2.6 engine……53.1c
2.6 or more……….53.5cThese figures are a few years old now, so check with accountant for the current ones.
You probably don’t even need to mention that you will fly out of Brisbane.
Other forumites may be able to add further to this.
Rita [
]Glad you’ve also “found” One Minute millionaire”
Yes, it certainly enlightened me.What an uplifting read. I’ve passed it on to my children and friends.Yep, the motivation to be millionaires is after all… people… to enrich and enlighten the lives of the people we love and those less fortunate.
Titheing is sharing.
As a newcomber to this forum that’s what I have found here, a willingnes to share. Not to mention a few cracks at each other, s**t stirring [] jokes and the like.Oh, and I started reading a few pages of the left then a few from the right.Then when I got sleepy tired, would only read the right….couldn’t put it down.So finished the story first.
Rita [
]GO GIRLS GO! [:X] [
] [:X]Just had to respond to these two brilliant people.A terrific example of what creative thinking can achieve.
Rita [
] []Hi Mary Erika and Caddy,
Interested in this also.Has anyone had to make a claim because of Tennant damage and how good were their insurers in coming to the party? [
]Rita
Hi Celivia,
Now this IS a topic I feel very strongly about.Where do I stand ?
Well I’m with Rod on this one. I like a real price and not just when I am buying. Imagine you are the vendor. You know your area, what’s sold lately and for how much; and in your head you Know what price you would be happy with.Say you want to sell for 250k.
The agents will say to potential buyers… price range 200K to 250K… or “offers over 200K”.
So of course the buyers will come in with offers JUST over 200K.
They, the agents will placate you, the seller, with the rationale that this will attract more buyers with that figure, and then they will negotiate them up to your price.
To me this is very bad for you because it creates a false perception that your property is worth something maybe just over 200K. When really what you have wanted is 250K bottoms.These constant low offers can lower your confidence. You won’t be happy, especially when the agent then comes to you and says somthing like…that the market is telling him that your property is worth about 200k. He/she has just orchestrated this ! Well this is what I think.
Hey the agent wants a sale, a little extra commission on that 50K or so doesn’t make that much more for him/her.
And if I was buying I would expect to put an outright offer in, negotiate with the vendor until a price is agreed, without another party being in the wings. I refuse to be drawn into a dutch auction which I think a lot of “sale by tenders” could turn into.
Celivia, the open house you went to…. I’m sure the agent was using the chinese whispers to his best advantage. Buying a house is very exciting and there is a lot of emotion flying around.
One thing I have learned from the “forumite learned” on this site is to do your figures. If it all stacks up (try to eliminate the emotion…I want it “badly”) then put in your offer and if you don’t get it there will always be another, if not better property out there for you.
Hey longest post to date. I did say I felt strongly! [
]Thank you all for replies.
No stamp duty, no CGT for NZanders, bigger mountains and longer snow season!!!
Gotta visit.
brianhc do you know if the CGT 50% rule applies in NZ if the property is held for min. 12 mths?
Thanks all
Rita []Hi Slim
[8D] Lights gone on!By purchase I thought you meant property not product.
Why ARE you silver?
Seeing you are savvy…. why is nearly everyone’s name in blue and only a few in red/purple?
Thanks Rita [
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Yeah Slim I like that,
OK so I can’t post anymore until I buy something?That might work. just give me the push!
Target someone’s addiction ( good addiction that is) is what they recommend don’t they.[]Rita
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!]Right all youse boys…. get down the oval!!!1
]
] that i intended to invest in quite a few properties, and would need to know my property value so that applying to their institution was a fruitful excercise.And also that I understood that information remained confidential to the bank and to the valuer. But that perhaps she could tell me what 80% figure was.
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