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From: Ken Andersen
Need heaps of help. Have just starting reading the book series, & am very excited about going onto my nest Somers book. As a first time IP investor, I believe that I will need some expert guidance. Am expecting a Workers Comp payout due to injury that has left me unable to return to work. Had to sell up our house in Sydney so the Bank would not foreclose, took the capital gain and bought a similar house in a small north nsw country town. Paid cash for the house, paid up all our debts, & took a small loan to renovate the new house.
Have approx $35,000 available on credit cards, approx $24 K in super, (which I will be able to extract from the super fund) & expected W/C payout is in the order of $800 K. Have spoken to my Super rep who advises most tax effective way to handle this large amount is to put it into my super account etc etc. Don't really believe him. Would like to structure future security through IP's, and rather than read all of Jan's books am eager to start IP investments asap.
Can your forum give me some of your valuable expertise and suggestions. I intend to commence IP portfolio post Xmas 2002. Thanks in anticipation.
Need heaps of help. Have just starting reading the book series, & am very excited about going onto my nest Somers book. As a first time IP investor, I believe that I will need some expert guidance. Am expecting a Workers Comp payout due to injury that has left me unable to return to work. Had to sell up our house in Sydney so the Bank would not foreclose, took the capital gain and bought a similar house in a small north nsw country town. Paid cash for the house, paid up all our debts, & took a small loan to renovate the new house.
Have approx $35,000 available on credit cards, approx $24 K in super, (which I will be able to extract from the super fund) & expected W/C payout is in the order of $800 K. Have spoken to my Super rep who advises most tax effective way to handle this large amount is to put it into my super account etc etc. Don't really believe him. Would like to structure future security through IP's, and rather than read all of Jan's books am eager to start IP investments asap.
Can your forum give me some of your valuable expertise and suggestions. I intend to commence IP portfolio post Xmas 2002. Thanks in anticipation.
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