Forum Replies Created
Hi Nigel can you give me a current example of a hotel that you have applied your strategy to? :)
Thanks guys this is great………… I actually don't have any personal debt or own my own home yet so the IP's are the only things really.
I'm being questioned by my broker/accountant why I want an offset account and its purpose when the interest is a tax deduction. My thinking is I wanna pay the loan down as much as I can. I understand that yet tax minimisation is a good thing but surely not thesole purpose of investing…. I thought I was missing something but this has all been good information.if you have access to Sky business she actually has a show called Property Success check her out on that and she also appears on'your money your call'……………. she REALLY knows her stuff. I have met with guys in HIghett previously and they were pretty good not pushy at all!!! did want to help me at no cost. I didnt join as I found them to be fairly conservative which is great for first time investors. I'm currently on my 3rd property and I did do it without joining a company and paying the fee BUT i watch her shows regularly have most of her books and signed up for her newsletter. I also have Steve's books as well and recieved emails from Reno Kings etc because the ideas and information they provide is fantastic!!!
There are sooo many different stategies you can use in property and it really comes down to what are you trying to achieve and which strategy fits in with your goalsyeh true i did consider that but the rental return is so good and the vacancy rate is good – im just looking at it because it'll be putting money in my pocket.
Hi Mike thanks heaps for the report!!!! Its awesome and your quick as lighting. I had the report in 30mins. Much appreciated. Will pass this onto other investors and im sure you'll be hearing from me again.
Thanks Again
Hi Mike thanks heaps for the report!!!! Its awesome and your quick as lighting. I had the report in 30mins. Much appreciated. Will pass this onto other investors and im sure you'll be hearing from me again.
Thanks Again
Hi reeco..i can see this is quite old but i felt the need to add my 2 cents in.I can understand where you are coming from and yes this is a huge outlay for ppl like you and I. I am 26 single female. I also have the one IP. I considered the RESULTS program myself.
My mother did the program hmmm i think approx 2 years ago now i think. And my father was very anti and thought it unneccesary.I had the opportunity to flick through the folders that is provided (sorry Steve that might be kinda cheating..)
From what I read to me personally it was sound. Mum had access to mentors who could trouble shoot ideas etc. Now you might say that well this forum can provide that…
….yes possibly to an extent but compare it to a lecture given to 300 students with general information as oppossed to a personal tutuor who can assess your skill levels and give you a peronalised advice. Its all about YOU!!.
Now just like uni you can skip class OR you can be knocking on your tutors door all the time. And if you have a good tutor they will smile and give you a hand even if they do find you a tad annoying.My mum I felt at the time did not make any huge progress that I would have expected BUT this is surely not the program's fault. Steve cant control what the student does or does not do any more than a uni lecturer can make you submit your assigments or attend class. And if you fail the subject he aint about to give your fees back.
PS: Parents now have sold a property that was badly neagtively geared which improved cash flow, renovated it and made a tidy profit from it. And have now developed and rented out 2 town houses through contacts that mum made via the Results program. Are they driving around in Mercedes Benz……. no, not yet.
I also had a chat with a lady named Sue at the Brendan Nichols seminar in Sydney who is part of the graduate program ie. she has completed the Results program and she I believe was refurbishing a hotel and had humble beginnings which she assurred me she would not have had the courage to do without the Results program.
PPS. I have decided to try my hand at a reno and if it is successful I will then join the RESULTS program. If im unsuccessful with my reno I will keep trying until I am successful and then join the Results program. Why after the reno?? For me I feel I need to have had that personal experience to get the most out of the program. And although the my mum has been through the progam I think investing is a dynamic thing and new information is to be discovered + what I get out of the program is differrent from what my mum did.
Let me know what you decided to do with the program.
Cheers
Hi guys this is interesting.. im a newie i only have the one IP in VIC and am very interested in buying US. And will be ready to purchase around March however I havent a clue where to begin. I will need to do some extensive research. I was considering getting a reputable buyers agent. Know any?? Your assistance will be greatly appreciated.
Thanks Simon and Christopher!! No really thank you this has given me more tpics to research. Im finding that there is moutain of information and it can be overwhelming to the point where it sometimes paralyses ppl into inaction.
Simon your point about CGT i did not even consider nor realise that WHEN i move in has such a huge impact. I had assumed that exepmtion would be there regardless. So i'll me making a tip the accountant before i do purchase. Thanks for that.
And i think you both are right… the older/cheaper house actually has depreciation and better capital growth potential which will allow me to move onto a 2nd purchase quicker.
Thanks for all your help.
Grateful!!
just testing the water..need to know more.. it usually is the case that if everyone knows about it the profits been made already…