They are a property wealth group probably should not name them here,but what they showed and said is fine but has flaws in the proposal.
I just told someone else that apart from that said above,the banks will stop it into the 3rd property possibly or the next because of the negative gearing. They push factor of depreciation etc the tax advantages…[Read more]

I have now put $$$$ 60,000 in .Thanks Steve . Got the info I was after at the Perth seminar . Any type of investing requires research if it suits your personal situation .Make sure it is $$$ spread well ,and you hedge yourselves by what investment types have been chosen within portfolios , varying types .

There are plenty of newsletters around to…[Read more]

Hi folks ,
I have 3 properties , 2 owned outright and 1 repaying PI loan  and have been told before by a broker I should convert it all to
Line of Credit setups , before buying  any further  properties .
Just thought I would throw that into the ring .

Ian
Perth Western Australia 

This has been a fantastic insight into the USA market and examples of what can happen .
Thankyou for these posts .

Ian
Perth Western Australia

Thankyou very much folks .I'll checkout those weblinks when I get home .cheers .

Thanks guys , I have a bit more research to do .This broker has suggested I get a LOC setup as then will have theoretically a higher amount of loans with Combank which then I would qualify for wealth package loan rates .I have aleady got a business line of credit from a previous time $50,000 . Which were to use for deposits where needed .So it has…[Read more]

Terry ,above you mention  paying off the LOC but then say not to put other money  in only pay interest .It sounds slightly confusing .would'nt we want to pay off the LOC asap  because of high interest rates ? As  it will be like having two loans running ie the LOC  for the deposit and the separate actual main loan ,for the new property .

Great  topics ,I have just been tracing information myself for possible restructuring .I have found the same a few property groups I went to see , have been full on into tax benefits not interested at all about any positive gearing as it will attract tax .Although we do need to be tax effective in our property portfolios.But as  I think Steve a…[Read more]

Thanks Jamie .I am a bit concerned at the strategies some of the groups offer  as anything to do with using excessive amounts of equity for funding multiple properties has got me worried .I have only ever used my own deposits .Some are telling me I shouldn't even bother with commercial property ,I have one already an industrial factory unit .I…[Read more]

Thanks for all the comments , and yes Angel, I thought I would  share the findings after my meeting them separate from the seminar . I was a little concerned  at 1st and thought I better check with others 1st . It all depends how hands on one wants others to be in journey to the goal . I am going to see Destiny   today and see what they have on o…[Read more]

I have just been for a meeting with them and yes they make their money from resale of property and encourage house /land deals  ,the new houses giving depreciation advantages . They will pay 75% of rent lost if not built on time or if the tenant not found in time will pay 75% of the rent lost for the period .Their fee is 3% of purchase price of…[Read more]

Thanks folks, I may shift this topic to another spot see if any further comments .

Cory-kerr ,    beware  some financial planning companies are actually only insurance companies offering an extra service .Although things have tightened up over the last few years , they must attend a specific amount of seminars/courses each year , as do accountants , to keep abreast of new laws ,etc . Previously I have found some just spruik thei…[Read more]

Thanks for your input Terry , more than likely I will leave it as an investment property .When split up done sell all of it .

Definitely see or call bank first , also see CBA website some calculators there very handy to get a ballpark idea . Have a  listen to the webinar that was presented  this week on Tuesday . Do your own self test and add up how much you spend on food , bills ,car expenses , fuel etc., and annual bills divide them down to the week or month , and se…[Read more]

duckster wrote:
Right click on Start icon at left bottom corner of windowsSelect Explore with a left click of mouseSelect Tools from tabs at top of windows explorer window that came upFrom the pull down menu select folder options and click left mouse buttonleft click the mouse with the pointer over the file types tab.go down to ASF file type it…[Read more]

Hi I am in  Perth ,  If you check back on some previous articles , use the search above  ,you will find there is a group someone has formed   meeting at Burswood  , once a month I have not contacted them myself ,  ( Put Perth investors into search crieria  and see comments on 15th May 2008  . )  I have 1x commercial property and 2x houses re…[Read more]

Thankyou very much for the input so far folks ,         especially factoring bank interest         although is tax deductible, intially I        have to pay it . I am surrounded by a very negative thinking    family , makes clear thinking difficult .      Cheers .