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I was at Perth APN lastnight. That's a good place to start. A guy called Damian Collins from a place called Momentum presented and they are based in Perth. I think they do education too. But, be sure to look into any paid education you do.
I hope that helps.
When you compare a $60 report to a $600,000 house purchase or a potential $6million portfolio is cost the main concern? Investing is not about a price purchase, it is about a value purchase.
I think the Government knows that with the right information you can make a lot of money from property investing so why should they subsidise your ability to make a profit? It is like any service/product, the cost of buying one car made especially for you would be astronomical, but if you have multiple real estate agents purchasing the same info, your are going to give them better service and a better price, aren’t you?
Breaking it down. They know you want something, they know you can make money from it and they are going to charge you for the privilege. Look at the big picture!
When a selling agent puts in an offer that you request for them to draft up, he is legally and financially obligated to the seller. So even if he/she is the nicest person in the world, they should be drafting the offer in the sellers favour. To avoid being disadvantaged in your offer I would suggest:
– Consult with a lawyer who specialises in property offers.
– Educate yourself thoroughly and pre draft an offer, refine it and then keep modifying it to always be in your favour. This will take the emotion out of the offer. (Always seek professional advice.)
– Use the services of a Buyers Agent. A good BA would have used the services of a lawyer.From the news headlines:
The federal government's $623 million plan to boost the number of affordable rental properties has hit another stumbling block, after the Tax Office ruled that mum-and-dad investors were not eligible for tax breaks under the scheme.The ruling leaves hundreds of small investors – who had already bought properties approved under the scheme – in limbo about the promise of a $8600 annual tax break over a decade.
It is the second shock ruling from the Tax Office to hit the National Rental Affordability Scheme (NRAS), which aims to add 50,000 new low-cost rental homes by mid-2012.The Tax Office ruled that companies and non-profit groups with NRAS approval could not transfer the tax break to individual investors.
