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Having trouble viewing this newsletter? View online In this issue
Wendy's Week  I've just
come back from much needed week in Palm Cove with Brendan
Nichols. I'm part of his Wealth Mastermind Club and we all
had some amazing breakthroughs across the weekend. I'm really looking forward to the next get together and encourage you to touch base with your favourite mentor on a regular basis. Next, I'm off to Sydney on Wednesday speaking at the Infusion event - How to Become Web Savvy - 3 Keys to Internet Success. If you are based in Sydney and are a woman in small business, make sure you book your seat as it is going to be a fun night. Early bird pricing ends at COB today. We are in the final throws of dragging our South Melbourne property purchase over the settlement line. We've had HUGE delays with the bank getting their paperwork sorted but have all our fingers, toes and everything else crossed right now. Stay tuned. Until next week, happy investing!
Events and Teleseminars  How
to Achieve a Better Sale Price using Home Staging
Register here for our F.R.E.E. May Monthly Teleseminar Wendy Lacey from Colour Sense & Style will joining us to share her tips and strategies for successfully staging a home for sale. To listen in live to this f.r.e.e. teleseminar, just register here. Become a Savvy Web Woman! Do you run
a service based Small Business? Would you like to
discover how to attract new
clients or even just how
to better monetize your existing clients? Join us at the Savvy Web Women event. Limited VIP tickets now on sale. Wendy Recommends Massive End of Financial Year Clearance Sale - 60% off!With the end of the financial year fast approaching, now is a great time to grab hold of an investing bargain! Join in the Affluencia Stocktake Sale! All Affluencia CDs and DVDs have been slashed to clear to make way for new stock. We're giving you a massive 60% off all Affluencia CDs and DVDs until 30 June 2009. Make sure your use Coupon Code 2009SALE when you check out. See what's available and find out more here. Feature Article Upfront Costs of Investing in Real EstateCan you still invest in real estate even with little money on hand? The answer is yes, you can. If you've got a good credit rating, are employed or operating a business and someone who knows how to manage finances well, then you have every chance to get started in property investing. First, you need to evaluate your financial capability. Decide whether you will use a some of your own personal funds in the deal, how much is required and whether you will need additional finance to fully support the real estate project you are about to start. Researching the costs involved in purchasing a property is key. Check the internet and visit property investing sites that cover the areas you wish to purchase in. Purchasing costs can be estimated at five percent of the total purchase price. This may include legal fees, mortgage application fees, stamp duty and other taxes for the property. The amount, however, can differ depending on the state where the property is located and the total value of the property. So what are some of the other upfront costs that you have to keep in mind? Deposit. Depending on where you buy, some vendors request up to 10 percent deposit of the total loan value upon the signing of the contract. Insurance. Once you sign a contract to purchase, you need to arrange an insurance cover note for the property until settlement then full insurance will be required. Taxes. Purchasing a property always involves payment of certain taxes. a. Goods and services tax or GST may be applicable to some property purchases and, in Australia, is pegged at a flat rate of 10 percent. b. Stamp duty is a state tax covered in different transactions including the purchase of real estate. This can either be on a fixed rate or on an increasing scale. The total value of the property is considered in calculating the stamp duty. c. Land tax may be payable and refers to a state tax that is charged yearly to land owners. It is based on land ownership or land usage in some states. The tax is charged on the total unimproved land value at a specific date. The rates and thresholds may vary from one state to another. Consulting a real estate lawyer is your best option when it concerns investment costs. By Wendy Moore WANT TO USE THIS ARTICLE? You
can, as long as you include the following: Five Minutes with...
Question
2 Question
3 Question
4 Question
5
1. Be excited and passionate around
people, say thank and smile, positive energy is so important as people
will want to be around you. Tell us
about Tessa... For more about Tessa visit www.tessajetson.com Are
you a Successful Sister? Need
A Speaker Her presentations and
workshops are ideal for anyone looking to get started investing in real
estate or discover the tools and techniques to successfully invest in
property. Where is Wendy Speaking Next? Melbourne Productivity Coaching Club - Tuesday 9th June - teleseminar Infusion Networking - Sunday 14th June - half day internet workshop The Winners Circle - Monday 15th June - Essentially for Women The Red Tent Woman - Wednesday 15 July - Understanding Social Media Sydney Infusion Networking - Wednesday 3rd JuneAccelerate in Business - Friday 14th - Sunday 16th August Quick Links Visit the Affluencia Blog Post (it's f.r.e.e!) on the Get Started in Property Forum Register for our F.R.E.E. monthly teleseminar Attend the next Affluencia Event About Wendy
Wendy now educates,
empowers and inspires others and says, "It's all about education and
gaining from other's experiences. I'm passionate about helping women
become financially independent through investing in property." Manage your Subscription You may absolutely
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copyright information. Thanks and enjoy! Copyright 2009 Affluencia Pty Ltd. All rights reserved. You are on our list because you visited one of our websites. To change your subscription, see link below. Disclaimer: This newsletter is not intended to be a substitute for investment or professional advice. It is a broad discussion to provide a general understanding. Before acting, you should seek specific professional advice for your unique situation. Join
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