Hi Daeheon,

Congratulations for taking that first step on the path to proerty investing.  Did you have a goal re “How much to earn from our first property to enable us to grow?” or was it more like “Just get a foot onto the property ladder?”  Whichever it was, you have made that first step, so that is worth celebrating.

Do you care to share s…[Read more]

Hi Charlie,

Steve asked me to let you know he recommends Mark Unwin.  He is based in the North-East of Melbourne :-

https://www.mjua.com.au/

Benny

Wow !!   Where has THIS been hiding?

I was fortunate enough today to stumble over a dissertation from two stalwarts of common sense – Bjorn Lomborg and Jordan Peterson.  And, following on from Bjorn’s comment in my last post:-

“Instead of pouring Billions into subsidising infant technologies that are not cheap, we would be better advised to turn…

[Read more]

Wow !!   Where has THIS been hiding?

I was fortunate enough today to stumble over a dissertation from two stalwarts of common sense – Bjorn Lomborg and Jordan Peterson.  And, following on from Bjorn’s comment in my last post:-

“Instead of pouring Billions into subsidising infant technologies that are not cheap, we would be better advised to turn…

[Read more]

Well, well, well !!   Out of interest, I went searching for a history of house prices over time in Australia.   The article also compared wages vs cost of housing, taking into account inflation and prevailing interest rates.  The data went from 1970 to 2020.   The results were (to me at least) a little surprising.  One take-away from the article…[Read more]

Well, well, well !!   Out of interest, I went searching for a history of house prices over time in Australia.   The article also compared wages vs cost of housing, taking into account inflation and prevailing interest rates.  The data went from 1970 to 2020.   The results were (to me at least) a little surprising.  One take-away from the article…[Read more]

Hi Charlie,

Check out the “Training Centre” on the Home Page.  There are hundreds of articles about all aspects of property investing.  They are broken down into categories (e.g. Buying, Selling, Renovating, etc) so you might be interested in those to do with Buying.

Other than that, in a nutshell there are plenty of variables to c…[Read more]

Hi Charlie,

  So the question I am asking is, can the revenue of a business be recycled using trusts?

I thought Chapter 9 covered that bit quite well….  Or was your question a bit more broader than the book covered?  Maybe change the question if it needs to be more definite in its focus.

And also will the banks lend money based on the revenue of…

[Read more]

I heard on the radio this morning that Chris Bowen commented something like this – “With power prices having lifted 36% we must assist families who are doing it tough”.

Hmm – how about the families with a 120% lift in Mortgage Interest costs, Chris?  What does Labor have for them?   I haven’t heard of that “RBA Review” happening either – isn’t it…[Read more]

I heard on the radio this morning that Chris Bowen commented something like this – “With power prices having lifted 36% we must assist families who are doing it tough”.

Hmm – how about the families with a 120% lift in Mortgage Interest costs, Chris?  What does Labor have for them?   I haven’t heard of that “RBA Review” happening either – isn’t it…[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]

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]

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