Forum Replies Created
Hi All
Well these posts are fantasitic to read and some very funny … some inspirational.
I just looked up the useful links thread and it has 111 posts, so we are close to making this the longest thread on the forum.
If you haven’t told us about yourself – come on wot ya waitin for!
If you are out there just lerking about … come out come out where ever you are.
I look forward to seeing you about!
Cheers
Leigh K[
]Read, learn, grow but most of all just do it.
Cremin
My tip is when you do an inspection ask very specific questions about what is and isn’t included … Do I get that? etc, as you can get to a day before settlement and find that those little touchs that made the house so nice are on the back of a truck.
Good luck with the research i look forward to hearing about your successes.
Cheers
Leigh K[]Read, learn, grow but most of all just do it.
Stu
Well done Stu, I look forward to reading it.
Cheers
Leigh K[]Read, learn, grow but most of all just do it.
soleil
That is really shitty, especialy when you aren’t actually at fault. I agree with paulthemagnet, it’s beat to know in advance when something goes on your craa, especially when it can be crappy late utilities or total mistakes.
Someone posted this link on the forum a while back and I saved it you might want to register your problem there, it is called Not Good Enough at http://www.notgoodenough.org/.
Good Luck & Cheers
Leigh K[]Read, learn, grow but most of all just do it.
hwd007
I don’t know about your borrowing ability but to transfer your PPOR into your trust is a sale and requires stamp duty to be paid.
So you don’t own (exactly) and therefore your mortgage wouldn’t exactly exist anymore. The loan still needs to be acquired by the trust so it depends on what type of trust you have as to whether the loan is in your name or not.
Leigh K[
]Read, learn, grow but most of all just do it.
Hi sushi03
You might be thinking of this
My former partner owned our house and now I want to buy a home myself. Am I eligible? Back to top
Yes, provided the Commissioner of State Revenue is satisfied that you and your former partner are not living together and do not intend to resume living together and you meet all the other conditions.
Its from the State Revenue Office Victoria Website, more info can be found at http://www.sro.vic.gov.au/sro/srowebsite.nsf/rebates_fhog_FAQ.htm?OpenPage&charset=iso-8859-1#14.Hope this helps, there isn’t many ways around the SRO so take the time to give them a call as I am sure they will be happy to help.
Cheers & Good Luck
Leigh K[]Read, learn, grow but most of all just do it.
Min[
]Well I guess we don’t want you as the guest speaker anymore!!![
][] (how cheeky)I wasn’t surprised to hear you say that you learnt something about greed and reality, however like all of us at some time finding the fine line between the two is something we have to do.
I know you will come up with something really creative (thats what you do) and all your properties will be rockin again!
Cheers
Leigh KPS: If you all didn’t know minimogul is a famous songwriter.
Read, learn, grow but most of all just do it.
neologism
I would think that the ATO site would be a good place to start, I beleive they have an online game that allows you to buy and sell shares using ficticious (spell check) money.
Otherwise broker sites like JB Were & Assoc.
Good luck
Leigh K[]
PS: I have never been to good at picking horses or shares so don’t count on my advice there to much[]Read, learn, grow but most of all just do it.
Guys
Does anyone know if QueenBee creates a trust and the existing company that owns the property becomes the trustee can the property and other assets belonging to the company just become part of the trust. I am guessing no but it is a thought.
QB You might want to contact Dale Gatherum Goss 03 9723 7699, he a well know accountant that specialises in trusts.
Good Luck
Cheers
Leigh K[]Read, learn, grow but most of all just do it.
Wow those last few were some really great posts, and thanks for the kind words, I too have loved reading every word in this thread.
It is great to know that we are all so similar but all have the same burning desire.
It is a pleasure getting to know all of you[
]Cheers
Leigh K[]Read, learn, grow but most of all just do it.
brighton bob
I agree with maximus that Fast Track is a great starting point for around only $15.
Also a tip is to go to the library with the list of books you are after and start there, as you can always go and buy the ones you liked best. Saving every penny helps to buy more properties.
Good Luck
Leigh K[]Read, learn, grow but most of all just do it.
“Mogi”[
]I swear girl, Steve is watching, he is going to whip you up onto that stage on Saturday and have you doing a segment on NZ. And if not that he is going to do a whole new seminar that I’ll pay another thousand bucks for, called M&M in NZ![
]That was a fabulous post (not the one about your piles!) and I for one want to have a good chat over a cuppa on Saturday. Oh are you going to be there?
Cheers
Leigh K[]Read, learn, grow but most of all just do it.
getting there
I made a post on the wrap forum page a couple of days ago about the only stamp duty exemption available you might want to have a look at it in case you fit the criteria.
Cheers
Leigh K[]Read, learn, grow but most of all just do it.
I just have to add;
Westan
I disagree withyour comments, there is a difference between negativity and a difference of opinion. The difference of opinion is the valuable part. The negativity is a waste.
Steve
I can apprecite the post in that context, however this is not the only post that has soured the forum in the past weeks. I am simple suggesting that we stick to the spirit of the forum.
Cheers
Leigh K[]Read, learn, grow but most of all just do it.
Folks
I just have to say I am so tired of reading posts on this valuable forum that are implying whether tongue in cheek or not that the people on this forum are ‘lemmings’ for want of any other phrase.
I beleive the people on this forum, whilst inexperienced in some cases, are doing their very best to try to aviod the pitfalls of investing therefore putting them ahead of those that choose to beleive they already know it all and unwisely invest in things they know nothing about, eg: some of our share choices to date.
If you think you are superior than the rest of us, well good for you but keep it to yourself. It is not “just healthy open discussion” I for one am demotivated by these posts and have been forced away from the site on many occassions as I have had enough.
Let’s stick to what we do best, supporting and encouraging each other whatever our experience or investing strategies.
5 cents worth.
Cheers
Leigh K[]Read, learn, grow but most of all just do it.
Hi All
Just thought I would bring this post forward again so the newbies can tell us who they are and read about who we are.
Cheers & Goodnight[
]
Leigh K[]Read, learn, grow but most of all just do it.
Hi Mother
I do two things for ongoing costs, first I firm up all possible annual costs like current rates, insurance and then still allow 5% of rent as a buffer, either for maintenance or incidentals.
Hope that helps you.
Cheers
Leigh K[]Read, learn, grow but most of all just do it.
sindone & DRAM,
I highly recommend Steve’s Wealth Guardian as a great starting point to explain all the different structures and then get hold of an amazing book called Trust Magic available in the book section API Magazine. Or at http://www.gatherumgoss.com/
They are both must reads for anyone thinking about there structures.
Cheers
Leigh K[]Read, learn, grow but most of all just do it.
Evelyn
I didn’t get what you ment could you say it again, it sounded interesting.[
]Cheers
Leigh K[]Read, learn, grow but most of all just do it.
Hi wild nothing
2) Off the topic above. I have about 4 properties that interest me in NT that i’m thinking about investing in. They are within my price range, and I think I could get decent rentals. Basically I’m just looking for a property that wont cost anything out of my pocket to run, even if it is with an interest only loan. I’m not over fussed with capital growth, more concerned with vacancy rates. Is this too basic a goal? Can I just put the questions of rent, vacancy and capital growth to the real estate agent? Is there something wrong with just saying to an agent, “I’m looking for an IP, under 190,000, positive or evenly geared at 6.07% interest, low vacancy rates”, or don’t agents like doing the leg work? Is there anyone else I could approach that could provide these answers? I don’t want to leave my comfy beanbag and fly from Sydney to NT.I would just say that why not ask, if you get a good agent they will help you, conversely you know the answer![
]However, I would say that you should still know the numbers yourself, because there is no one more interested in your interests than you. Meaning the agents can afford to be sloppy with the numbers ’cause they aren’t payin’ for it.
But seriously you need to know if they have presented you with a truely good deal.
Good Luck in NZ & NT
Leigh K[
]Read, learn, grow but most of all just do it.
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