Forum Replies Created
Agreed, if posts are anithing to go by, Terry has my vote. Then again my ex broker was impressive when I first met him (!)
May God bless you
and prosper you.
MarcOh come on don’t be shy now, it is fun and it is free!
May God bless you
and prosper you.
MarcAceyducey, Interesting post on the Reno BB, Tipical “victim” post and very good your response.
Tell me (if you want), what would your 3 wishes to the magic lamp Genie be?
May God bless you
and prosper you.
MarcLuke, I also fired my broker, and I could write a long “horror” post about him, (but I will not)
I had the same recomendations you can read here, Terry and Rolf, from others who used them and found them very professional.
I will be using one of them myself (perhaps after an interview) for my next purchase, as soon as I can get over the last two nighmerish weeks of two overlapping settlements with an absent broker, two banks chasing me because the broker does not return calls, one vendor overseas on holiday unable to authorise extension for settlement, solicitor forgetting to book settlement with the bank, solicitor finding the day before settlement 3k are missing, Westpack computers rolling over at settlement, Solicitor posting 4 days before settlement via ordinary mail essential documents to be signed and returned…INTERSTATE, Bank debiting my account with monthly repayment 6 days afer settlement, $2,900 worth of fees charged to a discharged loan in error by Wizard . . .do you want to hear more?
Need a holiday! My agent rang yesterday with a property I was after in summer that did not sell due to finances, and that is back on the market, 10k cheaper (108k). I would have normaly jumped at it…I told her that I offer $80k not one dollar more, hehe may be next month.
May God bless you
and prosper you.
MarcBorn2B
You are paying $160 a month rent. That does not justify paying $50,000 for a property, more like $20,000. You must have other reasons for buying, like being able to modify the property to your needs, rent to others when you are not using it, avoiding increase market demand that may squeeze you out of the place due of higher demand and rising rent costs. Prestige for the club who now has “own” building. etcYou will be paying some $250 in interest alone a month. Can you have better use for $50,000 in your line of business? Would investing 50k in a karate club give more revenues? Expanding, franchise . . .? If not, and the building is essential because of location, traditionally been there, size, than perhaps it is worth while.
Who is going to sign the dotted line? Who is going to make repayments for the next 25 years?
May God bless you
and prosper you.
MarcHi Luke,
I noticed you are in Sydney. Is your (ex) Broker based in a South Western suburb with a long name starting with C and that is not Camden by any chance, and going regularly to the court house for some embarrassing “allegations”?May God bless you
and prosper you.
MarcGood for you Hula.
Persistence is the name of the game.May God bless you
and prosper you.
MarcThank you for your inside Kay, this thread has been real fun. It is interesting to see how everyone reacts according to different viewpoints, assumptions, bias and other conditioning factors.
The lesson is to understand how our mind works. Understand what makes the decisions we think we make from our own free will.
Each of us carries around a code build over the years in our subconscious. The same way we can be manipulated into responding in different ways on an innocent game like this, we can win or lose the battle in scoring a good deal for a nice profit.
Far from having any personal interest in “advertising” as you can see, I have no link to my own business, I rather share some knowledge that may be useful to you in your next bargaining situation. Suggested reading:
“The Power of the subconscious mind”, by Joseph Murphy.May God bless you
and prosper you.
MarcAussierogue, (seriously now)
Are you realy talking about my signature again?
Why does it bother you so much? It is a nice good wish, just like saying Shalom, only in English.Should I change it into:
“I adore adverbs; they are the only qualifications I really much respect.”May God bless you
and prosper you.
MarcI though you all agreed that I can sign my post in whichever way I like?
Now you confused me.[blush2]Maybe God blessess you
and prospers you, may be He does not.
Soo….don’t blame me
[offtopic]
MarcVery nice post wrappack and lifex, agree with both.
May God bless you
and prosper you.
MarcI see, it did not take long.
Predictable is the word that comes to mind.If God blesses you
and prospers you….you owe me a commission[baaa]
MarcVery good guys, I see most of you understand the point of the illustration.
I use to have a friend who always was going on about the lottery. He would tell me over and over about how he would like to win the lotto. I once asked how much he was spending weekly on lotto tickets, and was astonished at the confession that he never ever bought one single number.
“What’s the point?”, he said, “I would never win anyway”!Everything that is man made, started once in someone’s mind. A thought is what originated everything around you. Someone thought up your computer, your desk, the clothes you are wearing, a thought followed by action that manifested such thoughts.
Think and Grow rich … (Napoleon Hill.)Who is R.Gage?
Someone who thinks in more zeros that we do, and enjoys teaching how to do it, to whoever wants to listen.
Yet not everyone is interested in personal growth. And that is OK too, no sweat.
And yes, he went to jail he use to flip burgers, went completely broke, did not pay taxes and had his restaurant sized . . .not your average intellectual high class. [strum]May God bless you
and prosper you.
MarcOriginally posted by aussierogue:marc 1 – your story reminds me of the crusades, or all the missionaries who have helped distort the natural way of things in various parts of the world.
not that i wanna start a religious arguement but the story of jesus’s followers (not jesus) is hardly abt leaving things to take there natural course
you linked the two together…..
Did I? [confused2]
If you want to discuss doctrine I think we should start another thread in the “Opinionated” folder.
Good intentions do not necessarily go hand in hand with knowledge of the details of the problem at hand. In addition, a well-intentioned ignorant makes as much mess as one that has bad intentions.
(Sorry Russ not calling you an ignorant OK?)Take charity for example. A beggar on the street is asking you for money. What do you do?
You “know” that as soon as he gets enough for a shot he will race away to buy one. In addition, you “know” that giving money will only encourage dependency and not self-sufficiency. You know the story of give a fish or teach to fish etc, so you decide not to give. Yet you have enough spare money to buy the person 20 meals right in your pocket.
What do you do?
Most of the time our actions are aimed at fulfilling an urge inside to feel good, to feel grand, to say to ourselves, I am good, generous, whatever, (not necessarily a conscious thought process), and we need such actions to compensate for the many times we know we have been hard, or uncaring.
The real charity, the real care, comes when we actually take the time to analyse the situation we are eager to help. Why is the person begging on the street? How can the casue be changed, how to find a lasting personal turning point.
This is only an example and I am not interested in debating public health, nor Christianity, it would take too much time and this is not the purpose of this forum.
Also the automatic assumption that a Christian person must not only have a position but also make such position public about the history of certain religious insitution along the ages is not fair. I hope I can continue to sign my posts God bless you without attracting religous challenges whatever the persuasion.
Oh, that’s easy, you simply draw the repayments from a credit card, when it maxes out you open another one and so on. Very simple and basic.
May God bless you
and prosper you.
MarcOH and also Im looking for a new boyfriend. Er I kinda fancy a surveryor or praps a clever accountant around june.and then
the advantage of bein widowed instead of divorced…..ya get to keep all the assets[confused2]I have seen Freudian slips before but this tops them all[blink]
Marc
Milly, if you are on PPS, you can be tested on asset or income, according to the test that allows for the lower payment.
Asset test for homeowner, single, for full pension is $149.500. Assets over thise amounts reduce pension by $3 perf/n for every $1000 over the limit.
This is the net asset, so if you owe money on the IP this is taken off.Income test for single pensioner: full pension payable if income below $120 + $24.60 per child under 16, per f/n.
Income over this amount reduces the rate of pension by 40 cents in the dollar.Some considerations:
Pay your own home off, leave all the debt on your IP, since asset is net, any money owing is taken off the value of the asset.
By subdividing you are increasing your assets, something that may preclude you from recieving any payments at all.
Subdividing is a very expensive exercise and for that you may need to borrow against your own home. This action will make that part of your home will now be asessed as asset, or part of your purchse will be considered an asset even if you owe the whole ammount to the bank.For example: If you have your own home paid off, it is worth $300,000, and you purchase an IP for $240,000 using your home equity as security, Centrelink will apply this formula.
Mortgage $250,000
IP Value $240,000
Home Value $300,000250,000
_______________ x 240,000 = 111,111
300,000+240,000This means that the mortgage of 250,000 from the new IP will be considered only 111,111 so your new assessable asset is now 240,000 – 111,111 = 128,889 as opposed to zero.
I suggest that you get an accountant to do the sums for you and that you then visit your local Centrelink and make an appointment with your FISO, financial information service officer for some further clarifications.
May God bless you
and prosper you.
MarcI find the whole concept absurd.
This is a bean counter strategy that reminds me when Australia post sold all the prime real estate they had in the 80ties to chineese investors and rented them back from them because of “passive assets restructuring” (fancy accountant words) So clever in deed, where I come from it’s called to sell the family jewels.The end result is a snowballing debt. What do you do after 20 years, run to Mallorca?
I doubt there are many investors that have for goal not producing anything and spend money obtained on loan based on a hipotetical capital growth [thumbsdownanimMay God bless you
and prosper you.
MarcIt is not the first time that an apparent conflict between ethics and business is posted here to promote discussion.
The problem as I see it is that most of the time the person posing the question does so because deep down, he/she need reassurance that he is not really hurting anyone by making a profit.This is a very common bias. We make money at the expense of others, rich takes away from the poor; you grow by stepping on other peoples head.
It is only when we understand how money is made, that we can let go of this limiting beliefs.
What is money? Money is a reward we receive for service rendered, money comes from creating value for others. The more valuable the service, the greater the reward.Not too long ago a relative approached me to offer me a house he had to put on the market because he could not afford its negative cash flow.
It was at the time (2 1/2 years ago) worth some 230k according to the market, yet his commitments were 260k. I did some research and even considering that the property had a granny flat, I could not justify paying more than 10% over the market price. I suggested for them to hold on to the property because it was in their interest.To appease my conscience I did some work for them for free, I divided the 2 car garage in half with an internal wall and some fencing to make their granny flat rentable on its own, they relocated in a farm were they had cheap accommodation in exchange for some minor farming work, and they were lucky to find soon two tenants and keep the house.
Today the house is on the market again but for 450k.
So… I should have paid the 30k over the price no questions asked? He would have solved his immediate problem and I would feel so good that I gifted him 30K . . . . Yet today I would feel guilty that I have taken away from them the chance of owning about 200K, sum they would never be able to earn not in the next 100 years.
When we mix business with fuzzy feelings of charity, we are guaranteed to mess things up. The English have a say for this cases: “Business is business”.
May God bless you
and prosper you.
MarcThe marine turtle eggs were hatching as they do all at once. Yet they did not go for the beach immediately, they seem to be hoping for the right time, waiting…
Finally, the first valiantly brave the unknown and start their perilous way to the water only 10 meters away.The hatching of the eggs is been observed by a curious onlooker who, when the first turtles came out and aware of the impending danger from the seagulls decides to give a helping hand. She gently picks up the first group of turtles that comes out of hiding and walks them to the water, releasing them safely in the wash. Job accomplished she says to herself, this turtles are safe.
The main group that is still waiting under the sand , for tell tale noises, hears nothing, no flatter of wings , no feeding frenzy, the coast is clear! It is the signal they needed; they now emerge from under the sand en mass. . . . . Only that this time the signals had been distorted by a person that did not know what she was doing interfering with the natural course of things, the seagulls could not believer their luck and this time no turtle reached the water, it was a real massacre.
May God bless you
and prosper you.
Marc
