Forum Replies Created
Do they still offer a money back guarrantee? They used to offer money back plus $400 if you left by day 3. Gives you time to get some of the information.
I did one expensive course in Sydney, wasn’t very impressed with it, so I asked for, and received, my money back!
Terry
Dianne
Watch out for rental guarrantees as well. They are often built into the price.
TW
I would just offer $40,000 for this place, wrap it or just rent it out and keep it for income plus the captial growth. No sense in wasting so much time on such a cheap property.
TW
Stephen
I have just purchased Dale Gatherum-Goss’ tax manual which has a bit on wraps. In it he states that “there is no capital gain on the sale of the property as the nature of the business is in buying and selling properties. Capital gains normally relates to the sale of an investment asset and not a business”. (page 119).
So I understand that the ‘income’ you receive is just added to your other salary income etc. So if you receive $4000 per year positive income, this just increases your total income by $4000 for that year (after taking off any other expenses).
The manual costs $99 until june and it inclueds a 2 hour consultation with Dale who is a tax accountant in Melbourne somewhere (www.freestyler.net.au and http://www.gatherumgoss.com). He is an investor and seems to know what he is talking about. (ps I am not a member of freestyler and don’t know Dale).
hope this helps
Regards
Terry Waugh
Steve
First I’d try to find out what similar properties in the area are renting for, ie market rent. They may be letting it to their friends at a lower than market price.
Then as $50,000 is just the asking price so I’d then be asking what is the lowest you can accept! Then try to drap them down a bit further – if all other things stack up.
Terry
Edited by – [email protected] on 24/05/2002 07:33:26 AM
