Hi all,
An old memory hit me the other day – I recalled it from my schooldays… A Maths teacher described a situation where a lake started to grow a weed – the weed was doubling its size daily, and had been growing in this lake for one year. The question posed to us asked “once the weed covers one quarter of the lake, how many days will pass…[Read more]

Hi Simon,

A few thoughts relating to your post – for your consideration:-
1. Good to see you having a go at presenting the “numbers”. You are off to a good start, as the numbers are what make or break any investment.

I would keep looking, for these reasons:-
– Land 308m2 in an area of hi-density IP’s – the former kills any growth (give me…[Read more]

Hi Sing,

…debt held by the trust is not recorded against the guarantors financial record…

Hmm – I read quite the opposite to that !! Let me quote from the book:-

p 175 – Is this legal?
Yes — it’s legal and ethical, but if you have any doubts then let me point out:
1. You are not lying or hiding the truth. If asked, you must declare all…

[Read more]

Hi Singchee,

I’m trying to understand Steve Mcknight’s comment in his book, that using a trust allows him to “leverage his income to increase his borrowing ability”.

Your question intrigued me, so I thought I would go looking…. You didn’t say just which of Steve’s books you were quoting, but there is a whole new chapter in the re-rele…[Read more]

Hi Singchee,
Your question intrigued me, so I thought I would go looking…. You didn’t say just which of Steve’s books you were quoting, but there is a whole new chapter in the re-released “From 0 to 130 properties” book. It was re-released in 2009, so if you have an earlier version, this information WON’T be in it – at least not in this…[Read more]

Hi CS,

I can’t help with recommendations re Perth-based property managers, but just wanted to run a few thoughts by you:-

Call around the RE “names” and even smaller agents if there are any – we have “local RE agents” who run little local RE shops.

1. Ask about the size of their rent roll, and number of Rental staff. If two staff are…[Read more]

Hi JB,
I just checked for myself and found that Frenchville is a (new?) suburb of Rockhampton. Since the map shows Frenchville as having lots of land to the East, and few roads, I am wondering if this is an OTP (Off the Plan) sale, or a brand new house in a new subdivision. If so, you will be buying a “solution” instead of a “problem”. That…[Read more]

Hi JB,
I just checked for myself and found that Frenchville is a (new?) suburb of Rockhampton. Since the map shows Frenchville as having lots of land to the East, and few roads, I am wondering if this is an OTP (Off the Plan) sale, or a brand new house in a new subdivision. If so, you will be buying a “solution” instead of a “problem”. That…[Read more]

Hi JB,

Welcome to this good place !! My first question is “Where is Frenchville?” I am from SEQ, and have never heard of it – I suspect this place might be further North, or West?

Does this make the property negatively geared by -280? and if so how can the rental yield be 7.3% or perhaps that’s because it doesn’t factor in rates and other cos…

[Read more]

Hi JB,

Welcome to this good place !! My first question is “Where is Frenchville?” I am from SEQ, and have never heard of it – I suspect this place might be further North, or West?

Does this make the property negatively geared by -280? and if so how can the rental yield be 7.3% or perhaps that’s because it doesn’t factor in rates and oth…

[Read more]

Hi again,

Right now is where talking to me won’t help. The MB’s on here can likely give you all of those answers, and I do know there have been changes recently that might make 90% loans harder to get. But impossible? I am not sure for regional properties – but I keep hearing that “some” lenders are not as hard as others….

Check with…[Read more]

Hi Jprop,

To me, forcing Equity growth is way easier than saving. As such, the more of your own cash you can retain (to put into reno’s to add value) the better. The flip side is that, with the Equity growth, this provides the deposit/costs to “do it again”. Re LMI, the cost of having it is laughably small. So if you can get it, do…[Read more]

Hi Sonya,
The prices paid sound like “market” – no real deals there. But then, looking at the map, they each appear to have 700m2 or more of land each. These are good sizes for redevelopment. As well, you are walking distance to rail, bus terminus, and one of the more popular shopping centres of the area (on Wembley Road).

Now, I don’t…[Read more]

Hi Sonya,
The prices paid sound like “market” – no real deals there. But then, looking at the map, they each appear to have 700m2 or more of land each. These are good sizes for redevelopment. As well, you are walking distance to rail, bus terminus, and one of the more popular shopping centres of the area (on Wembley Road).

Now, I don’t…[Read more]

An email arrived yesterday that put the phrase “Look both ways before you cross the road” in a whole new light for me.

In essence, the writer was saying, “We tell our kids to apply due diligence when in a situation that could go pear-shaped quickly unless they are careful (i.e. crossing a road).”

And yet, some parents would rush in to a…[Read more]

I sourced the job through the site http://www.serviceseeking.com.au.

I have had similar good results from that site on a couple of occasions. But then, I am sure some luck goes along with that.

On the most recent occasion, a friend had an issue with their hot water heater. A call from one of their respondees to our “call for help” indicated…[Read more]

Hi Andrew,

Welcome – you have come to a good place. ;) It is also good to see you asking questions. It is just this morning that an old (one could say “well-worn”) phrase jumped out at me, as it was explained from a quite different angle to its normal use.

And the phrase was – “Look both ways before you cross the road“.

How…[Read more]

Hi Ethan,

I’m thinking of Terry (how do you tag in this forum?!?).

Simply enter his name (the one with the @ at the front). So, find him on forum first (Search for member names or an old post of his) and you will see he logs as Terryw – in fact, his tag is @terryw too – not always the case for all members, but it works with him. e.g. R…[Read more]

Hi Ethan,

I’m thinking of Terry (how do you tag in this forum?!?).

Simply enter his name (the one with the @ at the front). So, find him on forum first (Search for member names or an old post of his) and he logs as Terryw – in fact, his tag is @terryw too – not always the case for all members, but it works with him.

Now, since I have m…[Read more]