Total Members: 156,230

Benny

  • OK, here we are at year’s end, with no more RBA intervention until early Feb 2023.   In the last 3 months of 2022 they “went easy”on us, with just 0.25% each month.   The total uplift from April 2022 (when the Cash Rate was 0.1%) has been a further 3%.

    Sounds innocuous, doesn’t it?  A bit like the Interest Rate you “might” be able to get on your…[Read more]

  • OK, here we are at year’s end, with no more RBA intervention until early Feb 2023.   In the last 3 months of 2022 they “went easy”on us, with just 0.25% each month.   The total uplift from April 2022 (when the Cash Rate was 0.1%) has been a further 3%.

    Sounds innocuous, doesn’t it?  A bit like the Interest Rate you “might” be able to get on your…[Read more]

  • Hi Charlie,

    That’s good to hear.  Oh, and check out my answer to you in the other thread you started.  I think you will appreciate what you find there.  ;)

    Benny

  • Hi Charlie,

    I hear you asking more and more about Trusts.  I can’t help you directly, but I can refer you to Steve’s earlier book – “From 0 – 130 properties in 3.5 years”.   Get the updated version from 2010, then seek out Chapter 9 and DEVOUR it.  I found it fascinating reading on the subject of Trusts and how Steve uses them, and I am sure it…[Read more]

  • Hi Charlie,

    Can anyone confirm this or provide an alternative view as it is becoming increasingly frustrating when the advice from accountants and lawyers do not match up?

    That should “an accountant and a lawyer” shouldn’t it?   Sounds to me like a second opinion from both professions might be a good move.

    I am unsure of what the lawyer’s view of…

    [Read more]

  • Benny replied to the topic Training in the forum Help Needed! 2 months ago

    Hi Jeeakz,

    Steve no longer does training courses.  He does however run webinars from time to time, and these are always worthwhile as he comments on current situations.   Also, I think his STEPS offering is a VERY good product.  It is designed to walk you through the total Due Diligence needed when purchasing a property.  The detail is phen…[Read more]

  • Further to that last comment, the presenter (Bjorn Lomborg) goes on to say (and I paraphrase Bjorn, but you can click the link and hear him yourself) “Instead of pouring Billions into subsidising infant technologies that are not cheap, we would be better advised to turn those dollars into researching better ways to produce CHEAP energy.  Once…[Read more]

  • Hi Curious

    Just noticed – this looks like an honest mistake rather than an attempt to deceive.  When someone typed the brochure, their right hand slipped one position too far left, thus the 09 became 98.   It happens often – but proofreading would (should) have picked it up.  Or a title search during conveyancing….

    FWIW

    Benny

  • Hi Curious

    Just noticed – this looks like an honest mistake rather than an attempt to deceive.  When someone typed the brochure, their right hand slipped one position too far left, thus the 09 became 98.   It happens often – but proofreading would (should) have picked it up.

    FWIW

    Benny

  • Ah, right….  That makes more sense now.  Septics can take up a lot of space when using transferation trenches.  Aren’t there now newer ways to handle this?  Have you researched these later septic options, and do they help (i.e. do they take up less space)?   It’s been a long time since I had such a property, so my knowledge today is not great.

    Benny

  • Hi Dominique,

    It appears to me that things don’t quite compute…..   A quarter acre should be PLENTY big enough to fit a house and a Granny flat, with room to spare.   Some folks do this on half that size block.   Was there something else that was unsaid – e.g. are there easements on the block that can’t be built upon?   Is the house a very LA…[Read more]

  • Hi Dominique,

    It appears to me that things don’t quite compute…..   A quarter acre should be PLENTY big enough to fit a house and a Granny flat, with room to spare.   Some folks do this on half that size block.   Was there something else that was unsaid – e.g. are there easements on the block that can’t be built upon?   Or is the house a very…[Read more]

  • November, and the RBA, with yet another 0.25% lift, does the “same old, same old” – well not really !!

    The “same old” used to be “Lift rates a couple of months in a row, then sit back and contemplate their navels to see the effect of their actions”.  But not these days.   Now it is squeeze the life out of everything by increasing Interest Rat…[Read more]

  • Hi jeeakz,

    One thing you might not have considered when purchasing a Town House would be any Body Corporate fees and/or restrictions.  Though you might own some land, there will also (likely) be some areas that are controlled by others making up the property (other owners of the remaining townhouses).  A Body Corporate usually means extra e…[Read more]

  • Hi jeeakz,

    One thing you might not have considered would be any Body Corporate fees and/or restrictions.  Though you might own some land, there will also (likely) be some areas that are controlled by others making up the property (other owners of the remaining townhouses).  A Body Corporate usually means extra expense, so I hope you have taken t…[Read more]

  • Hi jeeakz,

    One thing you might not have considered would be any Body Corporate fees and/or restrictions.  Though you might own some land, there will also (likely) be some areas that are controlled by others making up the property (other owners of the remaining townhouses).  A Body Corporate usually means extra expense, so I hope you have taken t…[Read more]

  • Well, well, well – the RBA only lifted by 0.25% this month.  Are they learning?  Or (as I’ve heard one commentator mention) will they continue to lift, only to bring rates back down next year when results prove “They went too far, too fast!”   No news to me with that last comment (check the earlier posts above).

    But OK, with a 0.25% lift in Oct…[Read more]

  • Well, well, well – the RBA only lifted by 0.25% this month.  Are they learning?  Or (as I’ve heard one commentator mention) will they continue to lift, only to bring rates back down next year when results prove “They went too far, too fast!”   No news to me with that last comment (check the earlier posts above).

    But OK, with a 0.25% lift in Oct…[Read more]

  • Hi jeeakz,

    Hmm, is this the same jeeakz that posted THIS topic a few months back? If so, I’d added some thoughts in reply, but didn’t hear back from you to help further.

    https://www.propertyinvesting.com/topic/5082995-i-need-an-investment-strategy-for-my-situation-2/#post-5082995

    The name is right, but the scenario outlined in each post seems…[Read more]

  • Hi Troy,

    I have a few thoughts, but I’ll step aside right now to see if others with the right credentials might stop by first.  (I don’t have any credentials – just opinions…)   Suffice to say, you sound like you are in a really good place.  :)

    Benny

    PS  While I think of it, there is one link I can provide that MAY hold some ideas around this…[Read more]

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Benny

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