Many seminars are worthwhile especially considering that just one idea can save or make thousands when investing large sums of money. Although it would be more pallatable if the cost could be realistic. Check this out for value! http://www.success.com/dtl.php?GetProduct=5466&offer=546942
Unfortunately some seminar presenters promote “get rich…[Read more]

Is the annual rental income derived from the rent paid to you by the lessee operating the business or from the B&B income? What length lease is with the property?

Hi Fred
Email me your details & I’ll get back to you
Martin

HEY GUYS!!!
I thought this forum was full of action takers & opportunists
I havent received even one request yet
Dianne, I also attended a one day event where all the speakers were selling something. Wright thurston III was selling his retreats among other things so they must have at least a little value especially for free.
Anyhow, the…[Read more]

Contact a town planner (look in the yellow pages) & pay the approx $1500 for a feasability study to determine your options & likely outcomes. You may find that once approval & plans are drawn up you could sell your property for far in excess of the costs to do so

I have a fantastic solicitor who is 100% professional, has extremely reasonable rates and has offices above his jazz bar in a trendy CBD lane where you can drink wine or latte’s during consultations.
Last year when my finaance fell through while dealing with an “Investment” finance broker my solicitor helped arrange finance through another broker…[Read more]

Just a tip
Before you take out any insurance check the inclusions (and the exclusions) not all insurance is the same. It is a good idea to compare what you are paying for.
I use an insurance broker, tell him what I need and he then hunts for the best deal which may change each year
I’ve just had a thought. if anyone is about to take out insurance…[Read more]

Hi
Real estate agents will do this particularly in resort type areas. In Daylesford there are 3 booking agencys that specialise in just holiday & weekend bookings. The Dandenongs near Melbourne also have similar.
This will only work where there is a huge demand for weekend rentals.
It works in seaside areas as well where the high rents compensate…[Read more]

I forgot to give it a free plug. its:
http://www.zelmancottage.com
It will also give you hints at the things you need to do to keep the bookings going

A good alternative (for me anyway) is a pocket PC or palm pilot.
I have loaded an excel spreadsheet in so all one has to do is enter the numbers.
I am pretty sure that there are also programs available. I had one that kept details of purchase price, outgoings, income, inventory etc but it didnt give cashflow analysis.

Hi
An alternative to the B&B is a self contained cottage.
We have one in Daylesford (Victoria)and it is managed by an agency. Fees are 15%! however for their money they take all bookings, arrange cleaning, repairs, maintenance and deposit money in our account monthly followed by a report.
It does achieve +ve cashflow but prices around there have…[Read more]

It has been reported that due to the oversupply of inner city apartments many new projects not started have been put on hold until demand catches up.
Therfore once demand does catch up these projects will begin again thus ensuring that real capital gain in city apartments will be years away.

Hi Lizzie
Dont always take what an agent tells you at face value. Even though he may sound very nice he may have an ulterior motive. Pass the reasons by the forum and I’m sure they will come up with creative ideas to make the purchase of your property worthwhile. e.g. it may not be a good renter but you may be able to renovate & sell to help…[Read more]

The “free” simulator is even funnier. Send them your name, address, how much you earn, etc. and they then say thank you for your submission! What a great mailing list that will make

Hi Leigh
I meant CGT but Im sure ATO would charge FBT if they could[]
Yarra

Leigh
I’m no accountant but if you sold your PPOR to your trust wouldn’t you have to pay stamp duty plus FBT if you decided to sell which ordinarily would be exempt?[?]

Fun
These guys have been featured in an expose on 4 Corners recently. They teach you at your (great) expense how to invest in their own developments which they sell to you at a huge discount (after inflating the price by an equal amount and then some).
Save your money and invest in some of the products available on this website and educate…[Read more]

Hi Steve
The game went a long way in helping overcome a number of fears in just getting out there and doing it. Roleplay is a wonderful way of experiencing life in safety.
Can I make a suggestion that someone (I would volunteer but at the moment I am working 16 hour days)organise game nights where participants can hone their skills and develop new…[Read more]

Thanks guys
just to let you know I picked up my copy[]

Hi All
My Journal
Sunday 1 June 2003
Dear Diary,
What an awesome weekend I have had. So much information gleened from an incredible seminar I attended at Albert Park. I hope the excitement & enthusiasm of this event won’t leave me for a couple of weeks, or until I’ve made at least one real estate deal which will then provide the momentum to keep…[Read more]