Hey Ad,

You are spot on with the Monopoly theory…

…just a side note when I was in the States (over our summer) I came across a book titled
“Everything i know about business i learned from MONOPOLY”

Its actually interesting read and view. It compares saving vs investing, the role of luck in business and the game, balancing resources etc.…[Read more]

I am in the middle of the Course in Real Estate for Agents’ Representatives….

I’ll give you an overview when i’m done.

Is there anything particular you wanted to know?

Cheers
Pete

Thanks for letting us all know about this….should be interesting…

They are also having a online chat with these “property masters” at 9:30 – could be very interesting..

Cheers
Pete

Glad to hear your back..the forum wasn’t the same…

Also check out the Vendor Finance Assoc…last time I heard they were setting up a section on their site where money partners could advertise etc…

http://www.financewraps.asn.au/

Cheers,
Pete

Another issue which hasn’t been addressed here is CAPITAL GAINS TAX….

If a CGT ASSET such as a property is owned by an individual for a period greater then 12 months they are entitled to a 50% discount on the Capital Gains Tax payable…whereas a company has no such exemption…

This is where TRUSTS come in as they have similar asset…[Read more]

Last years event was on the same day as the RYKA lap of the lake and parking wasn’t too bad…so hopefully it will work out the same this year….

Katey…

My pleasure – hope it gives you a starting block…

They once had a section on their site which helped you plan out a reno job but I tried to find it and post the direct link – but unfortunitly i couldn’t.

Hope you have more luck…

Pete

Our thoughts are with you and hope you can get back real soon to continue to share your wisdom with us all..

Pete

Remijack…

A great Aussie resource is provided by the “RENOVATION KINGS” Geoff Doidge and Paul Eslick.
They have a website at
http://www.financialsuccesssystems.com/index1.htm

They run seminars on how to renovate well on the cheap etc and offer some great resources on their site…
I have seen their presentation and not only is it sensationally…[Read more]

Here’s the first thing that came to my mind..

“Positive Real Estate Systems” or
“Positive Property Investing” or
“Passive Income From Positive Property Investing” or
“Passive Income From Positive Properties”

But I do like Kirby319’s

quote:”The Positive Way to Real Estate Riches”

Cheers
Pete

No probs..hope it cleared some things up…this is what the forum is for…good luck

Pete

Alexandra,

Well, I just finshed studying this area last year so in theory i am supposed to know a little here, but I have been in the US partying for 5 months so I am a little fuzzy..anyway..

quote:If a property is purchased under an individual, and she is intending to sell it to a trust, can she minimise her expense (stamp duty, etc…) by…

[Read more]

Susiemac..

Well, sorry i can’t help with your first two points…but in regard to the third point, it might be worth trying to contact a local real estate office and see if they can give you a copy of their standard template, try to sell yourself as a owner looking/shopping around for an agent to represent them – might have more luck. It may also…[Read more]

Hey Scotty..

Check out the creative financing section at:
https://www.propertyinvesting.com/strategies/creativefinancing

Point 4 – Steve has explained this here..

Personally I know of a few investors who have gained a sizeable portion of their portfolio using this technique…Bottom line is that you have to sell yourself and your chosen…[Read more]

Hey Wendy.. i’m actually heading to LA in about 3 weeks, I’ll in town for about 4 days from Nov 25th. So lunch is always possibilty?

Let me know.

Pete

Hi Jarrod,

I am currently in Geelong, if you would like to catch up and chat, shoot me an email willi@triplethreatenterprises.com

Pete

Hi All,
Another software package which is avaliable is R.E.A.P.
by Dolf DeRoos. I don’t actually have a copy myself but have seen it in action quite a few times. It seems to do everything, you simply input all the parameters (rent, managment fees, body corp fees etc)along with your tax rate etc. The software spits out rental returns, cash on cash…[Read more]

Hey Guys,

One idea I had in regard to getting around the whole LVR thing. Is if you are able to negotiate not only a below MV deal with the vendor but also a long settlement date….

and you wait on getting the loan until later in the settlement period you could possibly approach the bank and say “yes I purchased the property at ‘X’ but that…[Read more]

David,
I am currently in my final semester of a commerce degree from Deakin university, majoring in commercial law and thus have done a number of units relating to taxation law.
And in my limited exposure (as in not yet actually practicing this) to this topic I can see no reason why you wouldn’t be able to deduct any repair expenses within your…[Read more]