My point exactly jsawtell. You had to waste valuable time on those two properties."Yes wouldn't it be great if we just told you everything about the property, then you would not have to look at it just send the cheque in the mail.   Sorry for the sarcasm, I just can't help myself."JonThat sounds like a response I would expect from a real estate a…[Read more]

I know, Jon, but I simply used the PIA abbreviation. It wasn't meant to indicate the Jan Somer's product.

It might be me, but might you not have different size bedrooms and other areas, such as combined kitchen/living and entertainment areas? This to me means it's difficult to tell the size of a property when the description says 3 bedrooms/1 bathroom, etc.

There was a very long thread some time ago re Jamie McIntyre. Jamie was actually involved in the discussion himself. Maybe do a search on this site.As someone said he sells knowledge. Whether you wish to pay $4000 for it is the crux of the matter. You have to consider a fair amount of time would have gone into putting the home course together. I…[Read more]

Assume that no-one on this site has actually achieved this.

Terryw wrote:
Yep you can. In fact it is probably a good idea to go IO with a 100% offset to keep your loan high, so if you ever move out and rent your house the deductions will be higher.

TerryWhen you say deductions will be higher, guess that simply means because your loan stays high the deductible interest as a rental will be higher.How…[Read more]

Thanks for comments. I am looking at the Toowoomba market for an owner-occupier and on that basis I see good value. In fact, I don't particularly care about the growth prospects of the property, since I view it as more about lifestyle.

I drive a Ferrari F430 on the weekend and use the Lamborghini Gallardo Spyder for work. Hope to trade up soon.

RobynI can't make that date since I work in WA, but am based in the Toowoomba area. Just wanted to register interest and say I am open to future meetings if I am home at the time. I am more share investment related, but wish to develop further knowledge about property.Anyhow, keep me posted.Wes.

RobynI can't make that date since I work in WA, but am based in the Toowoomba area. Just wanted to register interest and say I am open to future meetings if I am home at the time. I am more share investment related, but wish to develop further knowledge about property. I put this same reply on the PropertyInvesting website.Anyhow, keep me posted.Wes.

RobynI can't make that date since I work in WA, but am based in the Toowoomba area. Just wanted to register interest and say I am open to future meetings if I am home at the time. I am more share investment related, but wish to develop further knowledge about property.Anyhow, keep me posted.Wes.

No problems, Richard, you appear to know more about it than me. Generally speaking though, most employees must have Super was the point I was making. I shouldn’t have made my statements so clearcut. I wasn’t really aware of the exceptions you pointed out, but thankyou for correcting me.

Wes.

Dr. X

You must have always owned your own business to have never come in contact with Super. You must be a one person show with no employees either.

It is compulsory for every employee to have a Super fund and employers must pay contributions for them. It’s as simple as that. There is no getting around it. It is legislation.

Care to tell us why…[Read more]

I have read most of Robert Kiyosaki’s books. It’s all getting a bit tiring. Most of the books have basically the same message which is a good one, don’t get me wrong, but how many books do you need to say it? Repitition is a good way to learn, but in his case I think it is a little overdone.

He has just kept pumping out educational products and…[Read more]

Craig

We should never be judged against others. See, the common wisdom is you must build wealth through Super. I don’t entirely disagree. However, I took the opportunity some years back to salary sacrifice and significantly boost my Super, such that I don’t want to pursue that option anymore.

I want to build wealth outside Super. Surprise,…[Read more]

air_nitta

Even though you are in real estate, you must get your head out of the clouds. Every boom breaks. Will Perth go for another three years? My guess is that it probably won’t support rampant speculation for so long. Doesn’t mean to say it will come crashing down, but it will have a period where it remains flat. Of course, the people who…[Read more]

OK guys, I indicated share transactions are cheap, but I defy anyone to purchase $400k of shares for less than $30. Up to a certain value you can do it (typically $10k), but then it usually works out around 0.1% for laaaaaaaaaarge transactions.

Harry, I’d advise caution if you think buying resource shares with nothing in the bank is all you need…[Read more]

I don’t believe you can buy and sell shares that cheaply. Are you sure you’ve got that right? Generally the cost is around 0.1% for large transactions. However, if you’ve got it right please let me know your broker so I can sign up.

ttman

I might be the odd one out on this forum, but I am focused on creating financial freedom mainly via the share market and related investments. It will give me the greatest of pleasure when I achieve it and tell people it can be done. I have hardly ever invested in property – never directly (other than a block of land I lost on years ago) and…[Read more]

Yes, there is a billionaire who goes to the head of the class since that list:

James Packer – $5.3 billion at last count.

Makes the others look insignificant. [wink]