@wakebrown In my street I have received 2 flyers saying things like 'investor will give you CASH today for your house' and a mobile number..

Apologies for posing an unrelated question – but how do I create a new thread. I going out of my trying to find the 'new thread' button……………cheers

Thanks for further clarification Wong Do send a link thru if doc available online? cheers

Cheers for clarifying Terry. I could see this could be frustrating for investors who actually buy speculative artwork in SMSF as you would have to keep it under wraps and not view it until you are age 65 or deemed retired.

Gday Rob – you missed pasting my disclaimer so here it is again – Correct me if I am wrong…. Please do share so all can benefit, cheers Bruce

For any newbies here, and I am too, it is a fact that if you purchase a property within your SMSF you cannot live in it. Correct me if I am wrong —- But the only thing you can purchase in your SMSF that you can benefit from is artwork, you can purchase this and hang it in your own hallway provided that is the most logical and secure place for…[Read more]

Hi Devilz, can you tell us a bit more about the house, are you getting the max rent, does it have a backyard that is subdividable? And suburb? Being new I guess you are enjoying the benefits of depreciation, but it still eating your cashflow is it IO or PI? I am guessing mortgage on $447k should be $2700 per month, vs rent 410×52/12 =1780 per…[Read more]

Ralph I can see where Jamie is getting at. Often Financial Advisors push money and share related products without knowledge of property investing strategies. Question is, by seeing a Financial Advisor you are knowling cutting yourself off to the below strategies/opportunities:

Cashflow positive props, buy/sell, buy/hold, depreciation, buy below…[Read more]

Wise choice Ralph. BTW Have you read Steve McKnights book From 0 to 130 properties? Even if you take 5% know how out of that book you are well on the way to being active. Of course Ballarat referenced in the book has gone up in value since, but the principles remain the same all over.

Haha yes, that's right They Call Me Bruce was a comedy / action movie!

Terry – Great to hear your a CTA, and everything else, all the important skills you have to buy and sell properties, so I guess you save on every transaction? So do you have clients you work with remotely, ie use internet comms 100% without need for face to face meetings?

Ralph yes very important to get good legal advice to structure your portfolio, and that I would imagine would be best done 1 on 1

Terry, just added 'uses a lawyer' for Active Investor and.. I went to your website, saw your qualifications it looks like you're a Broker, Accountant and Lawyer and can speak Japanese?? That's quite a CV you got there…

I agree with Jamie
From my limited experience in investing here is what I believe.. anyone please pull me up if I am wrong

Passive investor

Uses Financial advisor

Don't mind traffic light indicators to make decisions based on green, amber and red for aggressive / moderate / conservative s

Asset base goes down when market goes down

Active…[Read more]

Hi Ralph
so many people need financial education including me, but here is my 2c. Choosing a financial advisor is difficult because everyone has different needs, even if your close friend or someone here *strongly* recommends a financial advisor the financial advisor may not be suitable for your situation and even worse contradict your own growth…[Read more]