G’day Steve O’…

Congratulations on your team committment.
And the last word in that sentence is what it’s all about.

Whilst my view is that the R/E Mkt. has peaked that is not to say that there are not opportunities to be had by some….who can committ to making it a fulltime occupation

I like the idea of your joint cashflow idea and of…[Read more]

G’day…

First off I just want to say that my post on about 1st month was misunderstood by some…

“Extraordinary popular delusions and the madness of crowds”…was the title

My thoughts were…that the R/E market has peaked well and truly..that’s why it is hard 4 most(but,not impossible) to find cfp+ today.

What I was trying to say in that…[Read more]

G’day Terry..

The Canberra Building Society did that at my request in 1973.
It was fantastic until they were taken over by I have forgotten who.

Then they undid it on me… still 3 years was better than nothing.

The good old days

But there is always something…what IS the latest on the ATO appeal re capitalising interest on the investment…[Read more]

Pinit…

Gimme a break…

Yes I did say that some thought I had an ulterior motive.

The real estate adverts you refer to were…
examples of my Editorial Style adverts..
4 properties shown…one was the deceased estate of my in laws…settled 17/4/2003

the other 3 were 1995/96 adverts that sold on the 1st weejkend @ the advertised price……[Read more]

G’day Michael & Kaye

US$ 20 day 1 @ 3% per day compounded for a year is
worth, wait for it: ya gotta scroll down[^]
v
v
v
v
v
v
v
v
v
v
v

US$969,654.50 at the end of the year

G’day Steve…

The newer site for posting is “tops”.

Another couple of catagories if I may suggest:

(1) Someone has mentioned some real life examples of “done deals” as another catagory…great idea.

(2) With many years of Mortgage consulting,
(as distinct from Broker) I have developed a Mortgage Control Program(1993..long before the banks…[Read more]

G’day Andrew…

Off to bed…I’m buggered.

Thought I’d speak my mind…so appreciate your comments. I half expected to have the post “edited”… but felt it was mild and factual compared to Pinky’s irrational outburst.

She was “angry” as she posted her bit… I felt I was speaking on behalf of a lot of us here on the Forum and was “neutrally…[Read more]

Pinky…

It’s nearly 6:00am and I’m wide awake, so thought I’d put in my 2 bobs worth re your unfortunate, disruptive behaviour and attitude.

Attacking you personally?…probably… just an observation of your “make up”. I was referred to this Forum on the advivice of someones judgement that I respect. I don’t know Steve McKnight from a bar of…[Read more]

Hello nightowl…

It will be difficult if your husband won’t even read a book. Hope you had a good o’seas trip anyway.

Yes…it is possible to own your own home. Tell your other half that people with integrity and the skill can create a deal that will be equal to the rent your paying. Both parties…the wrapper and you the wrappee WIN out.

It…[Read more]

G’day Bronwen…

A deposit bond is used in iieu of your cash. They are issued by Insurance Companies and St. George Bank also.

Ideal if you have funds tied up in shares etc.
You MUST have your finance approved prior to purchasing the Deposit Bond.

Depending on the amount of the bond (representing 10% of purchase price) cost is $100-$200.…[Read more]

G’day Matthew…

I went to their website after reading your post.

It took ages to open…”very flash” and,as it’s all about perception… they bung on some links to ATO etc atc.

If they are not ‘straight”…and I’m not saying that they are not….

It works something like this….(1)You make an enquirey…(2)someone visits your home, to…[Read more]

G’day Christopher…

Are we reading a post from….
“Australia’s future Prime Minister”.
I don’t think any of us would be surprised.

Christopher, young people like you will get all the help you need. Notice Steve’s post…
“Young Qlder needs help”. How could we not want to help? You are an intelligent young man.

Keep doing what you are doing…[Read more]

G’day Clancy….

Your greatest asset will be your “People Skills”.

The hours are long. You will cover many miles/km.
Very,very competitive industry. You may be working on a commission only basis. That, for some is not a negative, but you need to take that on board. Commission only, may mean $400 per deal.

That is not a lot of money considering…[Read more]

G’day Zillah…

I copied and pasted all the links that went up on the forum…I think that this one will help you.

http://www.abs.gov.au/websitedbs/D3310114.NSF/4a256353001af3ed4b2562bb00121564/780ca69788870e99ca256b230001faf9!OpenDocument

Copy and paste to your browser.

Billfromoz

Hi again David…

Big name Pesty…not from my experience. Had a bad experience with ******* Talk about a “beat up”
They said that there were no termites…but evidence of termites in the adjoining public park.

The report went on to say that $3000 would safeguard the buyer. I contacted the Head office in Sydney and got onto the…[Read more]

G’day David…

Subject to :

Finance

Building Report

Pest Report

Check with Agents as to other conditions that may be applicable to certain areas.

The top 3 give you an “out” if necessary.

Cheers

Billfromoz

G’day Sooshie…

Thank you for encouraging all those links.

Hope I’m not doubling…[Read more]

G’day ozzpom

Try an application for an “asset lend” type loan, they are only really interested in your security. Obviously they will take into account, perhaps, 75% of the rental income on your IP.

Liberty finance…easy-loan.com….bluestone..

Let me know how you go.

Billfromoz

G’day Paul…

I recommend that you invest in a house and land as opposed to a unit. It is land that appreciates in value…the building depreciates.

I assume you have accom.(living @home ) If that is the case go for it…your $50k is sufficient as in addition to your income you will have rent. The lenders will allow 75/80% of the rent to be…[Read more]

G’day Captain…

Paying fortnightly will serve you well.

The reality is that you are making an extra 1 months payment pa.
Don’t forget though,1600×12/26=$738.46 = 25 years
Needs to be 1600/2 =$800pf *26 = 19.5 years

For example…a 25 year loan and paying fortnightly will reduce your term to about 19.5 years…that is a lot of interest…[Read more]