Ok, that makes sense, but what about the scenario I described above concerning when moving in with my parents don’t work out well after a few months? such as this example:

1. I move to my parents’ house later this year and apply for equity release.

2. Suppose the application is successful and equity is released in January.

3. I then try to…[Read more]

Ok, that makes sense, but what about the scenario I described above concerning when moving in with my parents don’t work out well after a few months? such as this example:

1. I move to my parents’ house later this year and apply for equity release.

2. Suppose the application is successful and equity is released in January.

3. I then try to…[Read more]

Ok, that makes sense, but what about the scenario I described above concerning when moving in with my parents don’t work out well after a few months? such as this example:

1. I move to my parents’ house later this year and apply for equity release.

2. Suppose the application is successful and equity is released in January.

3. I then try to…[Read more]

Ok, that makes sense, but what about the scenario I described above concerning when moving in with my parents don’t work out well after a few months? such as this example:

1. I move to my parents’ house later this year and apply for equity release.

2. Suppose the application is successful and equity is released in January.

3. I then try to…[Read more]

What really annoys me in this scenario is that:

I went to my bank, sat down together with ANZ’s banker (also happens to be a “senior banker”). Did our calculations.

When he checked my personal bank account’s transactions, it is so bluntly obvious that between my and my wife (we both bank with ANZ), after all the monthly repayment and our…[Read more]

What really annoys me in this scenario is that:

I went to my bank, sat down together with ANZ’s banker (also happens to be a “senior banker”). Did our calculations.

When he checked my personal bank account’s transactions, it is so bluntly obvious that between my and my wife (we both bank with ANZ), after all the monthly repayment and our…[Read more]

No, because I will be moving to my parent’s place when that happens.

But what is stopping me from moving back to my own home after say, 1 year or 2? or after 6 months?

I mean people can change their minds about where they want to live a lot. I could be buying a PPOR home, and a few months or years down the track I decide I like a different…[Read more]

No, because I will be moving to my parent’s place when that happens.

But what is stopping me from moving back to my own home after say, 1 year or 2? or after 6 months?

Ahhh OK, we were in the same class then.

A googling on the Internet actually shows a lot of comments, both positive and negative, about them. However, not sure if you noticed, but I see a “trend” in those negative comments. Basically, the way how I signed up the training is:

1. I saw my friends “liked” their free intro course on FaceBook, so I…[Read more]

I have already signed up myself.

I plan to do some blogging or video along the way, as a way to record my progress so if I am successful of doing it, then this is an example of how it can be done. Or if I am not successful of doing it, then it is a living testimony of why this doesn’t work.

Hi Benny

I got the clarification re: tax deductible from them.

Probably irrelevant, but more of an FYI for those who are curious to know the answer.

The Tax Deduction doesn’t happen in Australia, but happens in UK or NZ, depending on the choice of investment.

In UK, it can be claimed from the day of payment up to 3 years, and in NZ, it is 18…[Read more]

Hi Benny

Thanks for the feedback.

I could have got the tax part wrong. I thought CGT and personal income tax are calculated separated and they are summed up together.

But I will get that verified.

I thing I forgot to mention is that Victoria government has recently raised the land tax and a lot of investors got a land tax bill from State…[Read more]

Hi Benny

What you said is very true, and this in fact will touch base on the next sharing which I will be typing up.

Without going into any details into that topic, the way how the class room was teaching us is that: we don’t try to time the market, and instead we use a strategy that will work whether the market is going up, stalls or going…[Read more]

I heard about them to. I think that’s part of what Dominique’s teaching is about.

If someone defaults on their loan, I can pay loan temporally for that person.
Then I can get a caveat added and strike a deal and sign off legal documents with the distressed vendor, which gives me permission to sell that person’s property, and in term we…[Read more]

I think 30-60 minutes per day is an OK commitment. Its not like I need to spend hours and hours for 3-6 months. So basically, it is like do 30-60 minutes study, let things slowly sink in, etc… rinse and repeat.

The travel to Auckland for 3 days does not happen until after those 3-6 months. I was told we meet their team on day 2 and potentially…[Read more]

I think 30-60 minutes per day is an OK commitment. Its not like I need to spend hours and hours for 3-6 months. So basically, it is like do 30-60 minutes study, let things slowly sink in, etc… rinse and repeat.

The travel to Auckland for 3 days does not happen until after those 3-6 months. I was told we meet their team on day 2 and potentially…[Read more]

The worst thing that I can think of is that I spend 28K, find that their sourcing agent’s deals are all unfit for my requirement and reject every offer they make.

Can’t think of anything worse than that.

Just before anybody else jumps in and say “the sourcing agents could be faking numbers when presenting you the deal”, well I am not worried…[Read more]