Im with Terry- its more like a capital expense and will make a difference when there is a capital loss/gain. I’d suggest you speak to an accountant- if you’ve had a Quantity Survey done- they will get you the MOST you can deduct. Dont make it too complicated for yourself. Most Quantity Surveyors will give you your money back of they dont find more…[Read more]

Well Derek, I am not sure which state you are in BUT you cant simply “change your mind” in Victoria- the law states if you have already sought advice from a legal person then you cant “cool off”. That is – the “cooling off” is the time to seek legal advice if you have not already. Perhaps you should have a closer look at the laws in Victoria.

As a former agent who is also a property investor- Scottnomates, Xndrew and Catalyst are all correct. Well not me of course but agents I worked with or came across had no vision, no idea about investing and no idea about what you need in rent. Best way as Catalyst suggests is to go to another agent and ask what rental yield- and look on the net at…[Read more]

QM- it will depend on which state you are in. IN NSW as I understand it- you need to get pest inspection and finance before you put in your offer. I worked as a real estate agent in Victoria- you can get your deposit back less your 0.25% if you have not already sought legal advice. The purpose of cooling off is to get legal advice. If you were to…[Read more]

Tommy and Christianb,
My point is that as you say Christianb- you can avoid a lot of heartache if you get someone who knows what they are doing.,
If you are posting here asking the questions, then it would seem you are a newbie.
Nothing wrong with that- however in my own experience – that if LIFE- better to pay someone to do it who knows what they…[Read more]

Yes, Breece from Hub Planning is GREAT.
You can go to a council web site, but you can get so much more from going TO council. I would also recommend talking to someone like Breece. Even if you think you have done all you can to get the costs- there will be things you dont know about.
Save yourself time and $$ and talk to a planner unless you are a…[Read more]

His own of course.

Catalyst, you are so right- property investing is not about the FHOG. I was in real estate when the government was giving away $28k FHOG for new homes. First home buyers were running through the door, dying to spend their FHOG which had pushed prices up in our area by $40k. Prices have come back around $50K now- no need to spend the FHOG!

Yes, Xdrew is right- Explore tax options and deductibles. I attended a seminar yesterday which said Toowoomba is a GREAT investment area as there is plenty of growth in Qld- QBB attests to that. Its a “fly in – fly out” are for mining they said.

Yes, Sunni, you need a good broker. I am in same position- crossed loans and will need to get out of it to go forward. Luckily my next IP wont be via the bank….

If you are looking to do a reno and revise value quickly- get in touch with Ana Stankovic.
There are too many options out there. Dont get analysis paralysis. Get “How to Build Wealth for Life with Property” by Chan and Naylor.
Get someone to go over YOUR figures for you- someone objective. I have some suggestions of people who can help you…[Read more]

Thanks Catalyst- and I love the Quote on Goals- isn’t that just the truth. If I write my goals down- they happen- dont know how it works but it does.
I attended a presentation by John Fitgerald recently. He said to write down your goals and that your brain just makes them happen. I kind of agree because when I write them, although I dont see ANY…[Read more]

And I am wondering, catalyst- can you get those details from RPData in Victoria?

Catalyst, I am with you TOTALLY. From running Women in Property meetings, I have learnt there are many strategies out there. No one is more right than another- its about what is right for you. There is plenty of money to be made- especially just now as the market is bit slow but still plenty to be made. You need to look at what you want to do-…[Read more]

Yes, its a whole program- the seminars are to promote the whole program. He must be very good.

My Favourite is Chan and Naylor- “How to Build Wealth for Life with Property” – its simple and easy to read. There have been some posts here about them with mixed responses but I read it in one weekend and it makes it all simple.

I am not sure why you are posting here asking about a “Mentoring Program” when isn’t this what Steve McKnight offers? He seems like a great bloke to me. Why not sign up to his program? There are many students who have succeeded in this program.

I have worked for companies that used appointment setting. It is a big hit and miss- that is the spiel that is used on the phone- kind of gets the potential client in- they are not really interested in what you have to offer when you get there since they have been kind of “persuaded” to get you out.
Yes, there are organisations out there who do…[Read more]

Well, this is all food for thought. Hybrid Trusts are very complicated. There are a lot of things to consider. You need to see a good accountant and one that KNOWS about property. On running my meetings for 4 years, and investing in property for 18 years, I have come across many accountants and most dont understand properly about property. Find a…[Read more]

Hi, I just wanted to share a link on a survey completed by Ruby Connection on Retirement Funds for Women:http://www.heraldsun.com.au/news/more-news/its-not-so-super-for-women/story-fn7x8me2-1226162094655
It is interesting to note that women dont feel confident to invest in their retirement. Our meeting will focus on finding the right investment…[Read more]