Forum Replies Created
Thank you to all who replied.
Actually the company hosting the “free investment seminar is a financial planning group, does that indicate anything I should steer clear from?
Techhowse
Hello Steve,
I will take all this into consideration.
Also, would I have to take a Uni business based course to assist me with my investing?
or should an accountant, experience, and learnt knowledge from books and seminars be better off?Thank you very much,
Techhowsethanks to all for your contributions.
I would also like to find out how are people notified of free investment seminars?
so are you saying there are more opportunities to make money now? if so, how long will this last for (approx?)
Also, would anyone know if i am exempt from stamp duty if my income is so low?
what is meant when the lender forcloses?
and what is the purpose of a personal guarantee?
Originally posted by kay henry:Crusader,
You might think about getting a Property Manager to manage the property next time- the few bucks you have “saved” in managing the property yourself, seems to have costed you greatly. You might also think about getting some landlord protection insurance in the future, so you can still earn from your IP even in the tenant is a non-payer.
I’d be very careful if I were you about taking matters into your own hands. As others have said, check out a copy if the RTA, but when emotions are high… people can sometimes err in their judgement. You might wanna still see if you can get a PM- pay him or her- and let them deal with it.
kay henry
Hi Kay,
Would you know how to go about getting a Landlord protection insurance from?ah!… now that’s what I didn’t think of… thanks too for that!
Adding on, there is more than one way to skin a cat (to do something).
just want to say thanks for the info!! i would be absolutely stuck on what topic to do for days!
its alright Guy. Would u be able to keep me posted of future events? thanks.
techhowse
oh yes, thats right. I want to get into +CF property investing and utilise tax avoidance not evasion. A young chap that is unsure if he needs a solicitor.
I’m looking for a compound interest bank account so I add a % of my savings in there to generate alot of money in the future.
i think 50 pounds equates to about AU$121.427… now that seems a bit hefty
I do fully concur with buyer beware. I asked a real estate agent for a +CF property and they gave me a 1 bedrm 1 bthrm resort type apartment… the thing was it was designed for tourists that have a short stay and rent return was really good; approx AU$500 for 3days but was based on best case scenario.
so all in all what’s the best interest saver account?
I’m thinking of opening one with DragonDirect Direct Saver Account from St George… anyone have more info on it?
Originally posted by Mortgage Hunter:Well a Real eEstate Agent cannot evict any tenants against the landlords wishes so ease your mates mind over that one.
I don’t really understand the problem, are you saying they promised $300 pw rent and are now getting less?
Can you explain it better?
Simon Macks
Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Ok here it is as follows:
Let’s say my mate should get $300 p/w rent from the tenant, the tax invoice from the real estate agent states that the rent is calculated for 4 weeks @ $300 p/w so in total he should be getting $1200 ($300*4) but before any taxes and any fees are calculated, he is getting $1100?!? (pretax).
Make it know that the real estate people’s calculations are intentional, It has happened since the purchase of the property way back in 2002, so it is very urgent that my mate acts now before he might not be able to claim back his cash. My mate went to complain once and they just gave him this, “you already have good tenants, what more do you want?”
Here’s an example in Microsoft Excel:
http://aa.1asphost.com/hkmp3/my%20mates%20invoice.xlshey there,
It might depend on your investing style. I heard that cashflow is more important…
but don’t take it from me, in other words, no one individual’s comment is gospel.
