A spell checker?

Just kidding ha ha []

Everyone is different as to what their objectives/goals are, but as this forum is a poitive cashflow property forum and as your name is Captain Positive, I suspect we probably have similar goals in that we both want positive CF (passive income). As long as each property I buy pays for itself and then some…[Read more]

Andrew, I’m not sure I understand your post as the selling agent is YOUR agent and therefore must act in the interests of you the seller, as you are the one paying the commission! Conversely, when buying a property you should not expect the agent to be too helpful as they are working for the vendor.

I dont see any problem with using the same…[Read more]

My pleasure Kimkath. Yes, start with one IP – just keep asking questions until you know wether to save first or use equity. If you are starting with one, I would not see any problem with using equity provided you don’t just rush out and buy the first thing you come across. One of Rich Dads advisors Dolf De Roos uses the 100:10:3:1 approach,…[Read more]

Hey Westan, you know me far too well []

When I got to Dymocks in Pitt St they were sold out, and I have to wait another 10 days for new stock!

Steve – looks like the combo of today tonight and a winning book itself (and your legion of followers) will prove an awesome result!

I’ll have to keep my eyes peeled for a copy today.

Tas []

Hey Crashy, I think you need one critical piece of info – in that the reason people would be interested in a wrap is because they lack either a) the deposit required to obtain traditional finance or b) the income required to obtain traditional finance (eg they may be self employed and hence in the eyes of a bank, cannot sufficiently ‘prove’ their…[Read more]

Hey – i have the same stars as you ! what gives?

Tas []

Top stuff Westan, well done.

Especially as you’ve posted so many helpful replies for people. Its not like you’ve simply asked 100 questions in here!

How long have you been posting for?

Tas []

Dymocks, in Pitt St Sydney eh? Thanks Crouchingbadger!

I’m going past there on my way home very soon!

(bet that’s thrown some of you who haven’t met me yet!)

Tas []

Hi, welcome to the forum and congratulations on paying off your mortgage!

Sounds like you have quite a few options so let me briefly outline a few and make some suggestions and then you can maybe let us know what your preferences are.

1. Your home is worth $230,000 and no debt – so the most aggressive option would be to borrow against your home…[Read more]

Thanks everyone, yes the property is in Tas [] and is on the market in the mid to high 100K range. It is tenanted by a good tenant at present, and I offered it to the tenant first, not interested. I then considered selling myself (I have a dig. camera, could email photos easily to anyone, arrange inspections as Geoff suggests, how hard could it…[Read more]

Here’s an idea I came across at one time in the past that kept me focussed on achieving a goal…

Say you have a goal with a reward at the end of it, eg. help one person on the forum every day for one month (I just made that up [] – can you tell?) and your reward when u achieve the goal will be to go out and buy Steve’s new book ($30 worth).

The…[Read more]

errr… try adding an ‘s’ to backissue (there is more than one of them!)

http://www.propertyinvesting.com/backissues should do the trick.

Should keep you entertained for the night i think!

Tas []

I thought that you just had a JV agreement between two entities (could be an individual, a trust, whatever). At the last Property Investing Masters weekend in Melbourne, there was a sample JV agreement provided – its on the website somewhere. From memory you could take it to your solicitor for review (dont just use it as is!) and insert the…[Read more]

Hi archizen,

An offset account achieves the same as a LOC but it is actually 2 linked accounts.

A LOC is an ‘all in one’ solution where you can draw on and repay the loan however you like – as long as the interest is paid! So if you make a deposit or a withdrawal, your account balance changes and the interest charge will also reflect this. It…[Read more]

Make sure you stay in control of the purchase process. Don’t just let it happen, thinking that everyone involved knows what to do and when.

eg. chase up your solicitor re the conveyancing – don’t just assume they are doing it (your file may be under some other files) – keep them moving!

And the same with finance – depending on your lender, or…[Read more]

I have only invested as an individual to date, but am looking to set up a trust with corporate trustee as described in WealthGuardian (available through this site) shortly.

I work in the financial planning industry and have been to many seminars about structuring, but this book is the first thing that put it all clearly in perspective so that I…[Read more]

Hi Helen and welcome to the forum.

This is a big area, so just to give you a quick reply…

Principal place of residence (PPOR) is CGT exempt (no time limit) – so unless it BECOMES an investment property there is no problem.

For an investment property purchased more than a year ago – the CGT is discounted by 50% of the gain at your marginal…[Read more]

This is an interesting topic, are you all saying that if we wanted to invest in NZ it would be as simple as here? i.e. pay a deposit, sign a contract, get a loan through a broker here in NZ$ and then we’re done?

The only difference then is there is the extra currency risk.

Surely its not that easy?

Henry Kaye

Wow – how cool is it to make media releases! [8D] I hope they run with it for you Stuart.

Until recently, the way I looked at fixed and variable rates was this…

Variable rates simply reflect the current market, and fixed rates take into account the views and expectations of the market by all the experts (bank economists, foreign exchange…[Read more]