I’m still very much in the ACT (where we founded the company – it’s Canberra’s only oil company).

I’m still doing a lot of work on it from here – with the internet it’s not too hard.

Company HQ is in Sydney however, and that’s where the CEO is now based. NT office will open after float – we have staff lined up for it…[Read more]

Unfortunately our speaker has had a family crisis and cannot make this week’s event.

As such, due to the short notice, we have cancelled the Tax Time talk.

CRIN’s next event will be the Cashflow Game on the 28th May.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A.…[Read more]

Please let me know if you want to come.

BTW – It’s at the Tuggeranong Southern Cross Club.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

Cashflow night on next week.

Please RSVP if you are coming.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

There are investor speakers out there who structure their material and presentations in a similar way to those of organisations which can be termed cults.

And one of the symptoms of cult membership is a refusal to acknowledge that what you are involved with may be considered a cult.

But ‘cult’ is a neutral term tainted to the…[Read more]

The event is on this weekend, so RSVP now!

We have 8 spots left – and this is a venue limitation. We cannot squeeze in 70 people as we did the month before last.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

We could hardly call our selves CIN!
(say it out loud)

BTW Cashflow game coming up in Canberra on Saturday – information in another post.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

As you’d expect in a room full of property investors the shares side won the debate

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

One week left!

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

So you’re a cross forum spammer!

You’ve been getting around lately.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

The ACT is under a single government.
http://www.act.gov.au

You may also want to look at ACTPLA
http://www.actpla.act.gov.au

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

Luck may be involved in an unexpected evemt or opportunity occurring, but it takes skill and confidence to actually use that opportunity to create wealth.

We’ve moved from shares to businesses to property back to shares and businesses in the last 10 years, riding each wave as…[Read more]

Look at the vacancy rate for hotel rooms.

Think about what improvements you can make to add value to the room.

Think about the fluctuations in the tourism industry.

Think about the land you own (remember, generally land appreciates, structures depreciate).

Think about the management fees you’ll pay & your flexibility in changing…[Read more]

What’s your issue with the property?

The negative gearing only?

If so I suggest you keep it. Your CG more than makes up for it.

If you are having issues with tenanting it, there are constant maintenance issues or you have reason to believe that the value of the property will slide and stagnate for a long period of time such as it being…[Read more]

I suggest you spend some time thinking about your investing goals – why are you investing, what do you hope to achieve, in what timeframes.

You also need to start researching the markets you’re interested in and get a feeling for your potential lending limits.

Personally I reckon that once you’ve done all of this you’ll be…[Read more]

As you’ve probably gathered, you’re certainly not alone in having a partner who’s level of investing interest is different to yours.

I don’t suffer from it myself (my partner is very focused on investing), however I’ve spent a lot of time with couples who do face this issue.

Some ideas that might be of value:

Get your partner…[Read more]

Simon Mack you mean – he’s a good guy.

Finance is a good topic for one of our more formal panel or speaker evemts this year & I’ll suggest it to the committee. We have evemts monthly so cover a lot of different areas – not purely property investing either, though this is a mainstay.

This one is an informal get-together so…[Read more]

Personally I’d be happy to see a banner advertisement or even google search styled text ads that are contextual to the thread but separated from individual posts such that it’s clear what is and isn’t…[Read more]

Hence a lot of my money is going into the areas that are rising…resources, oil, etc

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

Frankly I reckon that if now is the first opportunity you have to buy property it’s not the worst time to start.

People have different goals & ambitions & if someone wants to learn about property investing there’s no better way than to actually buy a property.

If you don’t…[Read more]

At the end of the day can you remove racism – I don’t know – ‘stranger danger’ is built into our genes, hence our desire to identify with specific groups of people or a flag.

Personally I’d like to see racism end…[Read more]

If the numbers work I’m sure you’ll find interest.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

You took the leap into the unknown to do the Business Broker thing. Investing is the next leap.

Try to put yourself into the mindset you were in when you decided to leave your safe corporate job to be a business broker. Think about WHY you made that decision & WHY you want now to invest.

Remember also that by becoming a Business…[Read more]

I wish I could help you, but although I live in Canberra I picked the best accountant I could find in Australia – and he’s in Melbourne…..(Dale Gatherum-Goss)

Don’t limit yourself to a geographic region, this is the age of the Internet

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in…[Read more]

Hey Pelican, if you don’t like the level of due diligence used to cut out the spurious and vitriolic posters, go elsewhere…ah that’s right – you had no choice [biggrin]

Muppet, I was referring to places like the Reno Kings, Reno…[Read more]

Clearly you work off a different loan book than my broker [biggrin]

Would you feel more comfirtable if I said nodoc loans?

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

That way other people won’t get burnt.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

I’ve done the research too – and you reckon that none of the Real Estate and Business Agents Act 1978, the Code of Conduct for Agents and Sales Representatives and the Real Estate and Business Agents (General) Regulations 1979 apply to you?

hmm – well I hope you can run fast.

Cheers,

Aceyducey

In theory, there is no difference…[Read more]

‘cash under the counter’

Are you advocating breaking the law?

Hmm – that’s one of the reasons I have big problems with people who want to be ‘birddogs’….

They don’t tend to know the laws – or if they do they try to slip through loopholes. They don’t have a great deal of investing or property experience (or they wouldn’t need to go…[Read more]

For most employment doesn’t matter – just your avowed income level (sometimes testified to by your accountant).

Particularly useful for contractors & those people who have recently changed jobs.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de…[Read more]

1) Identify a need
2) Fulfil it

It’s that simple.

Many people have problems with the first bit though.

You don’t need goals to make money, you need goals to know how to maximise your money making abilities & to decide what to do with the money once you have it.

Cheers,

Aceyducey

In theory, there is no difference between…[Read more]

That’s how come both the companies I’ve founded this year do NOT property spot (nothing to do with house at all actually, though they do a form of property development[biggrin]).

NZ is NOT Australia, no matter how often you repeat it Minimogul

Cheers,

Aceyducey

In theory, there…[Read more]

As a masters in applied finance and professional accounting, I reckon there are better ways to spend your time.

Spotters are illegal in Australia.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

They are definitely salesmen…but so is Aussie John.

Nothing wrong with being a salesman (or salesperson even!)

The issue lies in that they have an employee mentality.

To a large extent I do see the majority of financial planners today as the insurance salespeople of yesterday.

There are some diamonds out there, but like in other…[Read more]

It’s a good thing to have PI around as the introductory forum, Steve’s books & PR keep a good supply of interested would-be investors flooding in & there’s a good core of regulars who keep the questions answered.

There are…[Read more]

Was there ever a more ‘sour grapes’ statement

Wealth leads to options.

Lack of options leads to crime.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

If buying units or townhouses it’s best to own all of them & get rid of the body corporate issues.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

They followed the money – can’t be too dumb

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

Can you afford NOT to buy Investment property?

Or to invest in something else?

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

That’s remarkable similar to today if you substitute another sector for dotcoms…

If I was 25 NOW I’d also be focusing on non-property assets for the…[Read more]

Buyer’s Agents are licensed real estate agents who work on behalf of buyers rather than sellers.

Birddogging remains illegal in Australia in all states.

Just check the real estate laws – they are pretty clear on the matter.

Cheers,

Aceyducey

In theory, there is no difference between theory…[Read more]

The strategy has been working nicely for the last year.

There’s been some excellent returns from buying shares in oilers, and in pursuing more direct investments in the oil industry.

There are still plenty of opportunities out there for those willing to do their research to…[Read more]

Who would you trust more an investment partner taking the same risks as you or a broker who is simply getting paid

[cigar]
chivato

I’d trust the mortgage broker.

The outcomes they want out of the deal are clear and there’s a clearly defined exit.

With an investment partner you have to be very…[Read more]

a) Identify a winning formula & stick to it
b) Change winning formulas when everyone else copies it

I reckon Steve’s demonstrated he can do this – which makes it a good idea to EMULATE him, but not necessarily to FOLLOW him.

You don’t get ahead of the pack by following the pack…[Read more]

Frankly I’d regard 12% for commercial as pretty poor if it’s gross, OK if net.

But it also depends on the CG potential.

Weapping commercial sounds like a good idea – can you expand on this more Phillip….

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan…[Read more]

You may wish to take a look at Steve Navra’s approach as well…

http://www.navra.com.au

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut