Review – Strategic Planning Your Property Journey
Strategic Planning Your Property Journey Exercises
Your Study Review:
- Can you rent to yourself in a Trust, and if so who should you speak to ensure that you maximise your Capital Gains Tax savings? – The answer is in the Day One First Session of the URES Boot-camp recordings.
- What are the TWO types of Investment Benefits from the Webinar – Big Picture Basics?
- Who are your coaches and how can you get in contact with them?
Action Blueprint:
Real Estate Investing is a people activity. You need to be out there talking to people so the following tasks are designed to encourage you to do that!
- Draw for yourself, on how structures are used, list if you can, the key components of the Trust such as what is the Trust Holding, who controls the Trust, what are Beneficiaries of the Trust and go one step further and start linking the other components as seen on the URES Boot-camp recordings. It is ok if you don’t understand it completely at this stage, just try and familiarise yourself with the terms and flow.
- By this stage you would have discovered what your Available Working Equity (AWE) is, if not, you can go back to Step 8, 9 and 10 to work it out for yourself. You would have also found out the type of deal you need to focus on for your first investment and your time frame for achieving it.
From the Webinar – Big Picture Basics, visualise the types of deals you need to do i.e Flip or Hold from your starting position towards your Goal. Is it 2 or 3 flips before you buy and hold the property after or a different combination. Don’t hold yourself back with the specifics (it will come later) just focus on the Big Picture to find out what sort of combinations will get you to your goal.
- It is highly recommended at this stage to send a email to “The Coaches” and let them know what your Big Picture Goals are and let them know of any queries or uncertainties. If you need to speak to the Coaches, also book a time with them before continuing on to Part 2 of your study.
Now you’ve completed Part 1 of the ‘Get Started Now’ program
Please follow on and get yourself through Part 2
Complete Watching The Boot-Camp Recordings Or Attend A Live Boot-camp.
Part 2 Is For When You have Completed The Boot-Camp.
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