An admirable post. When I was 16, it wasn’t info I would have loved…[]

From the Wizard website, dated 16 July 2003:

quote:

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Wizard has been advocating the concept of shared equity loans and recently the media have misunderstood this as Wizard actually launching a shared equity product. Wizard has not launched an equity finance product. Such a product would take a minimum of 12 months to test and develop.

In the flurry, many reports claimed that Wizard has already launched such a product. In fact, we have not. We have however, committed to researching the feasibility of such a product.

Equity finance won’t appeal to everyone, but it has the potential to help aspiring homeowners to go into a partnership arrangement with an investor so they can achieve home ownership.

It’s only early days and a lot more work needs to be done to ensure such a scheme would be fair and equitable to all parties, consumers, investors, lenders.

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etc etc.

No, I don’t work for Wizard or have any ties to Wizard!

I guess “We wish you a Merry Christmas” is not quite so catchy in Polish.

Tax deductabilty depends on the purpose of use of the money. As TerryW says above, you would lose this deductability status.

S.I.S – if you are indeed still in school, my advice would be that provided you’re not absolutley out of your financial depth, do not defer having children just because of their cost.

I have my own goals financially, and while children will certainly slow my progress towards those goals, this never even came into the equation. Of course, it depends on your priorities, but to use investor-speak, the ROI on children is absolutely incalculable.

Is S.I.S really just code for “Margaret Lomas”? This is straight out of her books!

34 years is a good length of time, and I agree that the cashflow you get in the meantime is great. This will probably be what’s making it postitive cashflow – you just pay for it in CGT when you sell.

As long as I can afford to do things without sharing, I will do so. From memory, Shared Equity was a response to the rising value of property and was about going part risk part reward with the lender.

In Townsville/Thuringowa I have used McDonald Leong. Would use them again if and when I was to buy again in Townsville – so I guess that’s a good sign![]

The magic question!

You aren’t likely to get too many specific tips from this forum (no-one wants to disclose the location of their goldmine!).

Nonetheless, this forum is fantastic for giving tips on how to go about doing your own legwork, lessons to listen to etc. There are some good people who spend hours on this forum.

And, yes, it is not always easy to find these places, but that’s part of the reward.

PeterM,

I completely agree with you that one would be ill-advised to enter into a substantial opportunity on the basis of some attractive numbers.

I am sorry if that is the conclusion you drew from my post.

My point was that you certainly will not get a look in from any of these substantial funders (from reputable companies) if your numbers DON’T stack up. This is only one part of the equation, but it is clearly a gatekeeping issue.