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Investing in the US - Buffalo in particualar Hi to all, This is a cautionary tale to those who are considering investing in this market. It has been a little while since I have visted this forum. I am currently in the US inspecting our investments and thought I might share some of current...

Chipin Away As always, I sit here reading all the posts and have a little chuckle. I believe everyone makes valid points on both sides of the fence. However, for my mind, it really doesn't matter if tax or inflation is relevant or not. They are a fact of life, well sometimes deflation is...

SMSF and borrowing It is no longer legal under the Superannuation Supervision Regulations to have your SMSF purchase units in a unit trust and then have the trust enter into a loan. DO NOT DO THIS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I'll say it...

case 2 In case 2 the one with the ethical issue is the agent who now claims to accept an offer which has been terminated. Under the law of contract, once an offer is rejected without a counter offer, then the offer is void. For an agent to attempt proceed otherwise is the ethical issue...

Greetings Merovingian Welcome to the forum. I am only new here myself, and you are quite correct, this is definitely one of, if not the most friendly forum I have had the pleasure of reading. I have read lots of forums on all manner of topics yet this is the only one I have decided to take...

would be nice to own the printing press!

Would that be the not released to the general public asset storage listed on the generally released website? www.stellarproperty.com.au 8% net. Definitely beatable in my book. Highlander.

I'm with you Quiggles. With a fairly large investment in US property and another tranche in next month, I pretty much have to be! Highlander

NormH Hi NormH, As I was reading your post, it appeared to me you hold a substantial amount of property both in your own name and in your trust. This started me wondering if you have more than one trust? If not, when will you form a second trust to segregate your properties? For the...

Major difference in software Most accountants and business will use MYOB or an equivalent program which uses double entry accounting. Quicken is only a single entry accounting program. As such, Quicken is generally much easier to use if you don't understand double entry account keeping. I...

For Sure Some of our best property investments have been in conjunction with other investors. Leveraging some other parties knowledge and skills is one of my core wealth building beliefs. No single person has all the know how or finds all the deals. When the opportunity arises and the numbers...

Renovation in the US Hello Acyducey and Beech, You were both enquiring RE renovations in the US or rehabs as they are know over there. I'm unaware of you personal situations, however, if you have the time then yes, there is still a market for renovations in the US. Over the last couple...

Sounds fair, I always assume the best about me. I have to eat a bit of my hat too I supose. I had a lengthy chat with our Corps Law solicitor over a beer this afternoon. This is what I could gather. 1. If your carefull and keep excellent records then you should be fine. 2. By 'carefull'...

Whoa, Getting a bit heavy. As I previously said, definitely not casting dispersions nor questioning your integrity and credibility Quiggles. I don't think I ever indicated you were intentionally setting out to act inappropriately. However, I had a fear you may find yourself in a position you...

Hi WillyG, Glad to oblige a bit. I am usually a very private person. Even though I have been reading various property forums for several years, this series of posts is the first I have ever made. Maybe an indication of how serious I consider Quiggles plans. I'm sure Quiggles has the best of...

Quiggles, Well you seem pretty certain that you are all clear to proceed. You don't work at ASIC do you? I am only questioning as I would not like to see anyone innocently do something to end up in trouble. Ignorance of a law is unfortunately no defence. Judging by the number of views of...

Hi Quiggles, I don't mean to be rude, but I have some issues with what you are proposing to do. My major concern is the legality of an unlicensed person facilitating investors purchasing assets. You say you feel pretty safe in what you are proposing. Have you read the Financial Services...

Factors to consider Hi Quiggles, I have very much enjoyed your posts regarding you excursion to the US. I have a couple of points for your prospective clients. One major expense not included in your analysis is Cost of Accountancy in the US. You don't say which accountant your are using...