Even though this is a newish post, there are some very useful posts made at the fist ‘useful links’ post. When I made this post I forgot to link to the old ‘useful links’ post. So I’m updating it now. You should be able to link between the two posts without to much trouble now.
Congratulations Andrew! I thought your suggested title was excellent.
Well Steve, now that you are an author, we hope the books keep coming. We know how hard you worked on the book. Congratulations on acheiving your goal! WEll DONE !!! []
In truth, your post made my skin crawl. [] Yet in fairness to you, I can’t begin to imagine what you went through in your “tour of duty”.
Still I must caution and warn you that many people access this forum, including at least one 13 year old boy that I know of (my friend’s son ) and your last post can’t be construed as a positive influence or helpful advice.
If your message to Leigh was not to retire, I’m sure there are other ways to express it.
I appreciate your directness, but in future, perhaps this might not be the correct forum to be talking about guns and taking your own life if and when you get lonely.
I for one, would have loved to have had the opportunity to comfort a complete stranger. I guess she taught you a lesson though!
Thank you for your explination on GV and CV. I think it’s important to know the risks involved in purchasing in another country. I appreciate your helpful advice. [^] Your post on risk mitigation is well thought out and makes sense, I’m sure it will keep you in good stead, should the need arise. [8D]
Mini, as usual your posts are very informative and helpful [8D].
I was given a free intro ticket, when I was at Southland last week. They had a free magazine with Rene Rivkin on the front, the catch was I had to put my name down on their books for the free info session.
I didn’t go to the session of course. Luckily, reading the posts at this forum helped me see the wolf in sheeps disguise (so to speak). They’ll probably call me again, but I just tell them I’m not interested.
I’ve been burnt before by companies wanting to take the hassle out of investing for me… It just doesn’t happen like that.
Sales pitches are marketed to appeal, it doesn’t necessarily make the product an appealing product. Illusionists and magicians, how quickly they can part with your money….
See you later []
Sooshie []
Like Steve, I also attended his intro. I found a couple of things interesting, which PF didn’t expand on.
I’d also be interested in what you thought of his seminar.
If you are happy to, the varnished truth is okay with me, when you have time to post.
If he’s been recommended to you, try him out. Our accountant is expensive, but you pay for what you get. Our last accountant was happy for us to pay a small fortune in tax, when we couldn’t even make ends meet [!]
What’s good advice worth to you?
Cheers
Sooshie []
$40 a month!!! That’s $10 a week. There’s not much you can buy for that nowadays which will give you peace of mind and let someone else take care of the hassles. Besides, it’s a tax deduction.
If the property manager does his job well, then isn’t he worth $40 per month? If you spoke to the agent, I’m sure you could negotiate that the rent gets foward to you earlier, unless you’ve signed a contract stating otherwise.
What about the tax implications investing overseas? Do you have to fill out 2 tax returns, one for NZ and one for Australia (excuse the ignorance but I know virtually nothing about taxes, except that you have to pay them [])
How do you bring back the money from the offshore account back into Australia (ie. income from rentals or income from wraps…etc? I was under the impression the limit was 10K max?
What other implications are there for investors? What are the risks? If there is a downturn in the dollar, how will that effect the investments?
I’m interested to know how you mitigate the risks.
Cheers
Sooshie []
By the way, it’s lovely to see so many new forumites! [^]
Welcome to PI forum! []
Have you asked a bank how much they will give you towards the property (how much they will loan you)? I think when we tried to get a serviced apartment, they would only lend 70% LVR as the banks are not so keen on serviced apartments. They are not as easy to sell and they don’t experience the same capital growth as standart apartments.
Which of the areas around Melbourne are experiencing high vacancy levels from your experiences? I do see many ‘for lease’ signs up, but in Bentleigh areas and surrounds, they haven’t stayed up for very long.
I believe renters are also becoming more savvy with negotiating their rent.
What have your experiences been like?
Cheers
Sooshie []
Oops! I bet you had a giggle! I did. Laughter is the best medicine… I’ll have more thanks! []
Louise is right about different words for different places! Why can’t New Zealander’s just call them stumps!!! [:0)] Well I’m glad I didn’t need to talk to a builder, I’d probably blush [] if I had to ask about ‘piles’. []
Actually this reminds me of the Chinese word for ‘thank you’ …the meaning ‘she-she’ or ‘zhe-zhe’ mean two completely different things, one is ‘thank you’ and the other is a complaint of a common bodily function (you fill in the blanks). When I was in China doing my Acupuncture in the hospitals, I pronounced ‘zhe-zhe’ wrongly and although I can assure you I ment ‘thank you’ my ‘thank you’ made everyone giggle behind their hands (the local Chinese cover their mouths when they laugh). My translator (G-d Bless you David), David Wu, explained quickly with some on the spot immediate speech training.
Dong on Sooshie’s head!!! [:0)][:0)][:0)]
Welcome to the forum! [] I thought whilst I’m still up (just mind you!) I’ll just say hello.
Where have you built? Can you give us some more details?
Cheers
Sooshie []
I’ve just got to agree with Scott, there’s nothing like jumping in at the deep end and trying to swim against the current to safety! The good thing is that you can survive to tell the story…(this could be a little premature in my scenario, but I’m cautiously optimistic [])
Maybe the lessons I’ve learnt, couldn’t have been learnt in any other way! I’ve also had the opportunity to meet some lovely people and forumites along the way [^][8D]
I do however suggest learning the basics and getting a good solid foundation in knowing the ropes of property investing, before doing it. If you are here at this forum for the first time, my suggestion (okay, I’m a little biased) is to wait until you’ve read Steve’s book before purchasing anything. See what it takes to get there and make it work.
Save yourself the anxiety and heartache of doing it the rough way. []
It’s a huge learning curve and if you look at a bell curve, I’m still on beginning of the climbing side before the peak.
It’s late, not sure if I’m making sense…
Night Night
Sooshie []
I actually ordered my book last year. It’s very good on basic information and is geared at the investor who wants to learn (predominantly about shares) as the company (from memory) is Safety in the Market. They will follow up on their letter with their sales pitch. I can’t say whether it’s effective or not, because I’ve not done the course.
It’s a handy little mini book to have anyway!