@steven what was presented was an introduction to real estate rescue where you buy properties below market price, renovate and rent out or sell. Properties that are below market value is due to reasons of the seller such as marriage break-up, banks looking for new buyers to service the mortgage etc…for whatever reason, the properties are good, below market and as the buyer you have the opportunity to make money through reno, whatever your imagination capacity takes you in your wealth journey.

Just like what Benny said, simply search her but its better if you attend the presentation, so you can ask her more direct questions that your unsure of. Shes a great presenter and the ideas are simply one strategy and if it meets your interests then invest in her program in your own time, when you ready and done your thorough research in detail like an obsessed lawyer.

Those resources you bought for $17 will be of great learning value, if your new to property investment like me than you will find hidden gems in the chapters.

To get the specific details your after in the workshop, rather then the topping/enticing stuff, unfortunately, you will need to pay the membership amount of $6k. As the saying goes, you need to spend money to make money!

Keep us in the loop and happy investing :)

zen

• This reply was modified 7 years, 3 months ago by  zen.

Happy New Years PI Team!!!

Quick question, can a person who bought an off the plan apartment (2nd investment) via $1000 deposit and needs the remainder 5% next month (feb 2017) and have already signed the contract with the lawyer back in october 2016. Can he cancel/terminate the contract due to change in circumstance to his financial hardship and he wont be able to make the 5% deposit cos of his 1st investment property cashflow and has been delayed due to tenancy.

So can he cancel the contract or not possible?

Thank you in advance.

Zen

• This reply was modified 7 years, 10 months ago by  zen.

@jamie, thanks for your article on IO loan for PPOR intention for my place to be an investment property in future. Good to know these tactics.

@terry, thanks for your examples, great to know the insights before delving in at the deep end.

@alistair, good article, learning heaps from you guys.

Cheers

zen

Hi Team PI

Happy Spring!!!

I’m at the same stage, contract price for my first investment property ‘townhouse’ is $350,000 and my broker came back to me with first valuation from PRP $330,000 and the second valuer was at $340k. My initial deposit was $17,500, if I decide to walk away I think I may lose my deposit!

What are my options?

1) Am I able to renegotiate with the developer to redraft the contract to $340,000?
2) Should I walk away and lose 5% of my deposit ($17,5000)?
3) Should I still proceed to purchase property?

Its an investment to rent to people and I’m in the for the buy and hold strategy.

Any thoughts, appreciate in advance.

zen

Great question Coogee and thanks Terryw – good to know all these info in advance.

zen

Hi Team PI’s, while we’re on Opencorp subject, wondering if anyone joined their Property Development Funds and if your able to share your experience with us?

http://www.opencorp.com.au/development-funds-2/

thank you

zen

Hi Team PI’s, wondering if I was to attend a property development & renovation workshop valued at $2k, is this tax deductible?

I’m an investor looking at purchasing houses in the future to renovate and be a developer in 3 years.

Cheers

zen

Hi Colin, great link and video!!! If they start doing a sales pitch, i’ll be out the door like road runner!!!

zen

Good Morning PI team :)

Questions, is a “detailed” Financial Plan relevant and appropriate to an individual who already know where they are going???

SpringFG http://www.springfg.com/ called me and said they can create a detailed financial plan to tax minimise my wealth creation and save me $150,000 in the next 10 plus years. They will organise a 2hr consultation meeting (free) next week to go thru my wealth goals and financial position etc…..Even though I do not have a detailed plan of my 20year wealth creation goals, I have written in my journal my vision and goals and how to go about it (strategy) which is to accumulate positive geared, capital growth, small scale property development, corporate trust in the next 19years etc….he said after the free meeting they will give me a statement that if I would like to proceed with their financial plan they made for me then I will pay their fee which ranges from $600 to $1500, and this fee is not tax claimable!

Shouldn’t my property tax accountant have this role to minimise my tax and forward plan to purchase the next one in whichever structure that is relevant in that time? Also accounting fees towards investments are claimable?

Zen