Forum Replies Created
Congratulations Brett
She has a beautiful name and a proud dad .. good one!
Cheers
Leigh K[
]Carve your own path and lead the way …
Hi Acehart
Go to google and type in something like stamp duty calculation Victoria. Or the state you are looking for, I got the exact calculations when I did this for Vic.
Cheers
Leigh K[]Carve your own path and lead the way …
Rubbachook
This is what I want to know is how to find these contacts. Do you know?
Cheers
Leigh K[]Carve your own path and lead the way …
Yeah! Bear[
][][]I knew it … good on you for making step 1 possible. I expect big things from you now.
Cheers
Leigh K[]Carve your own path and lead the way …
Hi Actube
Welcome to the forum, great to have you on boeard.
Of course you have asked the million dollar question, actually I have purchased 3 in the last 5 months one just last week. They are still around … but much harder to find these days as everyone has now heard about it (thanks Steve!).
Feel free to ask all of your questions here as we are all happy to help you. Also the site has got a search function that holds a wealth of knowledge, actually more than a wealth of knowledge, so use it to research your questions and if you don’t get your answer then post them here.
Cheers
Leigh K[]Carve your own path and lead the way …
Rodster
We don’t have many dinner parties, don’t know why[?]
ANyway, I was going to say the same as RodC, your account is going to do your books at the end of the year, if he doesn’t get it know what will he be like at the important times.
Get a good accountant.
Cheers
Leigh K[]Carve your own path and lead the way …
Rodster
We have a Hybrid Trust which is a mixture of a Family and Unit trust witha Corporate trustee (boy does that sound impressive at a dinner party).
When you purchase your property it is purchased in your company name. They are buying it as trustee for your family trust, your company documents and trust deed clearly explain the relationship. So this means when you have purchased a property in the name of “Rodster Pty Ltd” the company holds the property on behalf of the “Rodster Family Trust”. The company doesn’t own the properties as a business asset so when the company is sued, the total assets are worth $2.00
Getting finance takes longer as the bank has protocols to follow so allow at least 45 to 60 days for settlement, and be aware that the bank wants to read all of your deeds and documentation to protect themselves (of coures).
Jeena Partners is obviously a good place to start in Sydney, BUT, they are very busy and don’t always take on new business. I use Dale Gatherum Goss in Melb, becuase I am in Melb, but he was recommended to me by a QLD person and we will continue to use him even when we move back to Sydney. He has written a book called Trust Magic which I thin is essential reading for people that own a trust.
Cheers
Leigh K[]Carve your own path and lead the way …
PM
You bloody locals, you’re a secretive bunch[
]Maybe you can give me some insight into the type of people in the are … unless of course you’ll then have to shoot me or somethin’
Cheers
Leigh K[]Carve your own path and lead the way …
Steve
I like that idea, it stops it becoming just a social lounge for rubbish.
Cheers
LeigH K[]Carve your own path and lead the way …
Folks
Sorry for the dumb question that I could find the answer too elsewhere, but since we have a thread going … Is land tax payable or calculated on a PPOR + IPs or just on IPs?
Cheers
LeighK[]Carve your own path and lead the way …
Folks
I would like to take the opportunity here to have a say … I find Bills input to be very interesting and I am very pleased to see so many people are reaping the benefit of his vast experience.
The way you “newer” forumites feel about Bill is how us “oldies” feel about Steve. Steve has done alot for everyone on the forum and gave alot of his time for free. He believes that people that contribute here and help others deserve his help. His resent changes means he doesn’t have as much time on the forum … but he is always watching[8D]
So just remember there are many good people giving freely of their time and experience, obviously some more than others but we all do our bit.
Bill, thanks for your contribution.
Cheers
Leigh K[]Carve your own path and lead the way …
Ksafik
Interesting first post, it was idealfor Bill, he couldn’t have written it better himself. And I agree with him that prices are going to go down over the next year, maybe not as much as Bill thinks but he has got more experience under the belt than me.
I do believe that the best time to by is NOW! But that is my belief, you have to develope and trust your own instincts. Having said that that only applies when you have your structure set up for investing, that includes a business plan.
As to your income increasing – wooo hooo – but don’t waste it, if you are going to wait make sure you save it and for sure read that book it is essential reading.
As to your borrowing, you will find most lenders won’t lend above the value of the property on your first deal as they have no security, but one of our brokers can help with that better. My advice is to use your income to save something, the more you put in the more you get out.
Can someone point me in the direction of what is the best way to get a bank (or other alternatives) to give me the loan I need, so that I don’t have to put any money down for the property, it would be good if I could borrow the lot and maybe even a little more. There are possibilities out there, but I’m not quite sure, which one to choose.
You will need to speak to alot of brokers and lenders until you find your deal. But money talks get that deposit saved.FHOG – you are only entitled to the FHOG when you buy your first home, you do have to live in the home within the first 12 months.
Another book that a good friend lent me is called The Alchemist, it was very inspiring and helped to clarify by dreams and direction. Borrow them from the library to SAVE a buck.
Good luck
Cheers
Leigh K[]Carve your own path and lead the way …
Casltedreamer
You will have a great time, just a tip for meeting other forumites write your forum name on the swing tag they give you.
Maybe Steve will arrange a meeting point at one of the breaks for the forumites. However he usually has alot of guest speakers and they have meeting points during the breaks as well.
Get there early to mingle and do alot of table hoping to meet loads of people.
Cheers
Leigh K[]Carve your own path and lead the way …
Mini
Another sparing partner will come along, your good at identifying them[
] And I say that in the most affectionate way[:X]Cheers
Leigh K[]Carve your own path and lead the way …
Peter
I am planning on speaking with the council, however I was looking for that secret information that the town planner won’t want to tell anyone.
Not being local anymore I wanted a bit of local knowledge about whats going on in the area in terms of development. Hopefully we have got a 75 year old retired Italian (like my next door neighbouor) forumite who knows absolutely everything going on even better than the council.
Any thought would be appreciated.
Cheers
Leigh K[]Carve your own path and lead the way …
Well Thanks everyone.
Arty
[}] You repent to late my sone[}] … Never go to sleep Arty[}][}][}]Oh sorry that must have been Moody ENJO, you’ll be right mate.
Alf
LMOABill
What goes around comes around[]Soosh
Have a great trip and give me a call when you get back.Cheers
Leigh K[]Carve your own path and lead the way …
Thanks Guys
I figured I wasn’t going to get red stars like the super platinum posters so I had to become a mod.
I promise to be fair and impartial … those that know me will now be rolling around on the floor in fits of laughter[
]Cheers
Leigh K[]Carve your own path and lead the way …
Hi Guys
enjolady would be the one to ask really – but what I know is that the stuff is advertised on TV – but you can only buy it from your local enjo representative. i.e. someone at a level higher than the sales-people is making a killing.
Your not wrong there Mini, she was recently on TT as teh 6 mil dollar woman[][][] and she is happy with that[] But it is a really fair com structure.
and if you say it’s not in NZ yet, well then you should start it up! presumably even as an enjo seller (i.e. not the master franchise) you also get a cut of what other people sell under you that you enlist? which is how you get other sellers to join up under you? I mean, i don’t really know anything about enjo, but that’s how those MLM things work, isn’t it?So if enjo is not in NZ yet and you start it up over there you’d make heaps right??
We are different than most other MLM or party plan companies in that consultants don’t get a % of their recruits sales, we do receive a flat fee per month for each recruit regardless if the recruit goes to number one in the world etc. I like that better because I don’t wont other people knowing about my business.As for ENJO NZ, my understanding is that it is there just no as well managed ( I might get my buns fried for that). Here is a link to their contact details. http://webnz.co.nz/dsanz/membership/enjo.html
BTW Muppet, did Westan give you your Garage Glove?[
]Cheers
Leigh KCarve your own path and lead the way …
Melissa
The deals ARE out there, it does require a visit to your targeted town to find the best results. We bought 2 recently sourced through realestate.com and they met the 11 sec sol to the button (10.4% yeild), we were renovating one of them last week and just happened to look in the realestate window and saw the house that is just down the road from ours. We looked at it and bought it within 1 hour for 15k less than asking and a 12.2% yeild. So it pays to be there but no matter you will still find them. That’s if you really want one or two or 130.
Cheers
Leigh K[]Carve your own path and lead the way …
Eccles
This is actually the funniest thing I have ever read about computers … sad but so true
[]http://homepages.uni-regensburg.de/~gmn25631/texte/gm.html
Keep in mind it was written about 4 years ago and is still true today!
Cheers
Leigh K[]Carve your own path and lead the way …
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] And I say that in the most affectionate way[:X]
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