Forum Replies Created
Hi everyone…
I did say I’d go to bed..but…
http://www.guerrillarealestate.com.au
Stuart was an awesome presenter at the seminar… go to his website and learn from the Guerrilla himself!
Lease Options… Tony’s your man!
Have fun all!
Night Night!
Sooshie [
][|)]There are no problems, only solutions
Hello All,
Another link that’s come my way…Although it covers more of negative gearing than positive gearing, this site has useful information on it, plus some explanations.
Check it out…
http://www.propertyinvestmentplanning.com.au/
Thank you Bruce for sharing.
Good night all…
Cheers
Sooshie [
]There are no problems, only solutions
Well Hello everyone!!!
WOW!!! [
]What a blast! [
] These emoticons can’t express the exhilaration and buzz I received from seeing everyone at the seminar! Putting the names to faces was a precious and priceless experience [], very powerfull! The ENERGY was awesome… Positives breed Positives…and that my friends was evident on this weekend. I hope everyone went home with a warm fuzzy feeling like I did [].
THANK YOU’S
I want to thank ALL you lovely people who came up to me. Your thanks was not expected but very much appreciated []. As I said to a special someone I met… If I can help one person then my heart will smile forever more!
Sharing of information, no matter of experience or background will increase the knowledge tree, so that everyone can benefit from its shade.
I remember watching a movie called “Pay it Foward” , it has a special message of sharing and the presenters over the weekend did just that.
I can very well understand now, why I had to scrape Michael off the ceiling when he came home last time [:0)]
To Steve and Dave… even a BIG THANK YOU seems paltry! I believe you know how I feel. For the opportunity of a lifetime, I owe you my gratitude and what ever is in my power to give.
I always believe I am accountable Firstly to G-d and to myself. This weekend for me, (just in short []) was more of a personal journey. For me the fear wasn’t the finance, the money, the numbers ([]), the ins and outs of property etc… It was the fear of fear and the mind set. I may not be perfect (although I do believe ‘we are all perfect with our imperfections’
but why even bother thinking if I am perfect or not. Why not Do it?
(Have I confused everyone yet…[?])
More Thank U’s…
To the behind the scenes staff for their effort. To ‘The B’ for his music aswell…Many people asked me if I get paid for whatever it is that I do ([?]) for Steve and Dave…the answer is payment is not always in dollars and cents. Look outside the square!
I am glad Thunder (Simon) that you and Lightening (Juliette) got home safely and it was a pleasure meeting such warm and wonderful people. To everyone from interstate (a list to huge to list) I hope you enjoyed Melbourne and I’m glad you got home safely.
As you all know I played ‘a role’ at the seminar in the game (Kathleen with 9 kids) and I will give you some feedback on that next post, but tonight,,,it’s hie to bed for me. [
]Warmest regards to the wonderful people I met this weekend. To those I didn’t get a chance to speak in depth with…(like you Del) don’t think you’re off the hook yet [
]It’s there for the taking!
Go GET IT!!!Sooshie [
]There are no problems, only solutions
Hi Oscar,
Leigh’s right! Page 10 of forum discussions will give you some info. Forum post titled
“Building Inspector needed in Churchill VIC”In short, Phooper listed the name of someone we have used aswell. We are still waiting for written report, but verbal report was given.
Robert Musgrove and Associates.
5174 1999
0427 575 742Hope this helps some…
Cheers
Sooshie []There are no problems, only solutions
Hi Andrew,
You will get to see us (I have babysitter’s in place to look after our boys) and we will hopefully get to chat at intermission. Looking foward to meeting you immensly.
Cheers
Sooshie []There are no problems, only solutions
Hi there,
Thanks Terry, Andrew, Leigh for your responses. Currently, I am fact gathering (unlike wool gathering [
]). I should have all details by Saturday, where I will hopefully meet some of you at the seminar.I hope to see you there…
Cheers
SooshieThere are no problems, only solutions
Hi Leigh,
Thanks for your response.
The stamp duty including transfers, stamp duty on loan, property and mortage registration on property 1 (approx 410K) is approx equal to 23K (I’ve rounded the figures to the nearest whole amount)
On property 2 (approx 440K purchase price)the costs is approx 25K.
The business bought the property like this “business X and/or nominee”
So I thought they could just exercise the ‘and/or nominee” clause, and nominate another party to take over the purchase, thereby only one stamp duty cost is necassary (per property) as the business is unable to complete the sale due to frozen accounts, so if another party (which the business nominates) can put up the costs, they could still go ahead with the purchase…ie only one sale on each house.
The deposit is combined, property 1, deposit 10K, property 2, deposit 5K
I was also under the impression the tax dept can’t seize the house as assets if the sale has not gone through, or is in the process of going through.
If the assignment of contract is deemed arms length you should avoid double-stamp duty, however are the directors (most likely arms length party) able to do so if their business is being liquidated by the tax department?
I’m not sure I understand exactly what you mean, but I hope this helps some.
The business was a sole individual with no business nouss [], but he would gladly give up the deposit (towards the sale) if someone could continue on with the the sale, using the nominee clause. He cannot continue the sale because he wouldn’t be able to get finance for it. Does he need to “sell or assign ” the option to purchase if he used the and/or nominee clause?
Or does he have to either
a) forfeit deposit
b) sell his portion (ie deposits) to someone willing to take on the sale of the properties…How would we go about setting up another entity to take on the sale? The entity would be a collective of willing financial persons entering on a group partnership, with the aim to continue on with the sale and rent it back to a similar business.
Cheers
Sooshie []There are no problems, only solutions
Hi Grace,
Welcome to the PI forum [
] On page 12 at this forum, there is a post called
Property Investment Companies… any experiences?This post mentiions a few different views on your question. I hope this helps. [
]
As trueblue mentions, it pays to do your own due diligence and if purchasing one of these type of properties getting an independant valuation done is usually worthwhile.Cheers
Sooshie []There are no problems, only solutions
HI Implementor!
Welcome to the forum. You have a valid point if you are managing as you say only one or a few (generally no more than 3 houses). What was the cost of your advertising fees?
Cheers
Sooshie [
]There are no problems, only solutions
Hi all,
For credit rating info…
http://www.baycorp.com.au/personal_information/free_credit_services.asp?CountryID=1&UserTypeID=11
Thank you Stuart for your post
Cheers
Sooshie []There are no problems, only solutions
Hi bluebear,
What’s your plan? The climate of property investing has changed already, I can feel it in the air [
], but it depends on where you are looking to invest in, methinks.
What do you WANT to do? That will determine if you buy or don’t buy.Cheers
Sooshie []There are no problems, only solutions
Hi Leigha,
Welcome to the forum! []
My hubby doesn’t work for himself, but is also in the computer industry. He works bringing in the dough so that we can pay bills and have funds with which to invest.
We have also two lovely children, and I am a full time stay home mum, and I have some degrees which I could fall back on if I choose to return to work.
We are currently reorganizing our investment properties, but it sounds like you already have approx 50K equity in your investment property due to capital growth that you could draw on to fund more investments.
What is the other property doing? Is it negatively geared?
Do we just forget the IT company start our own property company?
What are your goals? We are working on this ourselves, but it’s really FANTASTIC to see you starting so early. 27 years old, brining in 120K p.a is a really good income to start with.Cheers
Sooshie []There are no problems, only solutions
Hi there,
Sounds like you do things my way [
], enrolling in the course and asking the questions later…
How much does the course cost?Cheers
Sooshie []There are no problems, only solutions
Hi there,
Another really cute link is http://www.calculator.com
Cheers
Sooshie []There are no problems, only solutions
Hi,
I looked at the Homepath site and decided it was a neat site…
http://www.homepath.com.au
http://www.peach.com.au (they give you a cashback, well if you have to spend, you might as well get some back!)
Cheers
Sooshie []There are no problems, only solutions
Hi,
I’ve seen them advertised quite a few times on http://www.realestate.com Have a look if you are interested. Do your numbers.
Cheers
Sooshie []There are no problems, only solutions
Hi,
Just had the same thing happen to us. Organised finance, Mike went to bank to sign…uhhh..oohhh, something fishy with interest rate? That’s not what our broker told us… On to the broker, who then apologized…said would call tonight…no call.
Okay, so now I’m on the phone to another broker myself and I will fix this up.
The problem with the broker’s stuff up, is the fact that
A) we can’t do our numbers unless it’s on a hypothetical interest rate…
our onseller’s are waiting for us to let them know how much they will need to pay (this is tomorrow night deadline)
C) we wanted to settle early… fortunately this isn’t too bad, because I organized early access, at least they can mow the lawn!This new broker won’t touch anything under 100K. Their loss… obviously their kick back isn’t going to make them rich on my measly sum… [
]
No probs…I’ll just get Back to the drawing board….
One door shuts, another opens…
Cheers
Sooshie []There are no problems, only solutions
Hi Chris,
Don’t know the answer to your question, but you might want to post it under the ‘Fact or Fiction’ post
Cheers
Sooshie []There are no problems, only solutions
Hi there,
Lovely meeting you Felicity [
], pity we didn’t have more time to chat []
Apart from my sore arm which Steve kept nudging through the seminar and drawing bunny rabbits, fish and snakes ([])…. it was worth attending for 3 reasons.
1) The negative gearing as Felicity said, was a good example.
2) The belief that you can do something if you put your mind to it, and there is no such thing as LUCK.
3) The Pyramid, as Steve said, was interesting model.The rest was just waffle, filler or whatever you can get out of books.
235 properties in 14 years. Background in psychology…which he made another good point which is to keep a investing journal. I’m going to start that now…in fact already have. This way you can see what you’ve done, the mistakes the good things and make sure you don’t repeat the mistakes and just repeat the good things.Was it worth the $80 (babysitting fee)? Yep, because afterwards, the most important question of the day, by far, was Steve’s question about Mike’s hair…is it a toupee? [:0)] Answer NO.
I think the part I liked best was the advice given to me at the end. NIKE! [
]I’ve had lots to think about today. So I’m thinking. Anyone who gets you to think, must be doing some good.
Cheers
Soosh []Will expand later…
There are no problems, only solutions
Hi getting there,
Don’t know about the infomercial, but just came back from a seminar.
Ask yourself, who gets paid when I buy this? Can I get the same info free of charge at the library?
That’s just to start.Cheers
Sooshie []There are no problems, only solutions
][|)]
]
]) was more of a personal journey. For me the fear wasn’t the finance, the money, the numbers ([
]), the ins and outs of property etc… It was the fear of fear and the mind set. I may not be perfect (although I do believe ‘we are all perfect with our imperfections’
], but he would gladly give up the deposit (towards the sale) if someone could continue on with the the sale, using the nominee clause. He cannot continue the sale because he wouldn’t be able to get finance for it. Does he need to “sell or assign ” the option to purchase if he used the and/or nominee clause?
our onseller’s are waiting for us to let them know how much they will need to pay (this is tomorrow night deadline)
