I’m also looking around for some places to go at the end of the year after I finish my studies and I’ll be researching for places once my exams are over this semester.
For great value, you would need to look at the exchange rate and see which one the $AUD would stack up against. Asian countries are generally good value such as Thailand,…[Read more]
Like you said, this is light-hearted entertainment and the reason I posted the link up was because it was funny. That’s why it’s under the forum frolic section, not the opinionated forum = )
I would also like to add one more key concept:
Control of investment.
With investment like shares, options or futures, you can’t alter the share price or the dividend as it is subject not only to the company’s peformance but also market sentiment, neither of which you can control unless you’re a major shareholder.
With property, you can improve…[Read more]
For further information, the actual place for the property is in Brunswick East and 497m2 was the total land area as it is located in a shopping strip. Although there is close transport, the amount of customers for these tenants would not really compare with those at Lygon Street.
For those that are going through the…[Read more]
I’ve done my research and just to let you guys know that we are going to pass on the property. The return just didn’t do it for us, even though everything else such as the lease was fine. The agent emphasises that the seller wanted at least 1.5m for the property. Although we had the finance, the returns weren’t there given the risks…[Read more]
Having a company / trust structure to buy your properties simply offers you asset protection in your case.
The reason why a company is used as a trustee is that a trustee cannot be a beneficiary (correct me if I’m wrong). Secondly, it offers another level of protection if the company is sued. As the assets are held in a trust, and the company is…[Read more]
I might be able to relate to you a bit as I am in the same situation.
I’m a uni student at Melbourne University and I know how you feel when it comes to having little or no income to survive. Having said that, what I have done while I was at uni was similiar to what Steve has advised you and I would agree with him. Read and learn heaps, and…[Read more]
Thank you Jeff and Dazzling for your help. I really do appreciate it.
I will let you know of how this progresses. Once I get further details, I’ll post up an excel spreadsheet via a URL with my findings / calculations to determine the maximum amount we should be paying for the property.
thanks for your help Luke
regarding your question regarding whether tenant leases are guaranteed personally or by company, if the business structure is a company, there’s no way we can check. The existing businesses are fairly well established already in any case except for perhaps one (a small chicken take away joint)
wow, this is the first time I’ve been here for a month and a bit… so much has changed
SIS, there are SOOOOO many girls in uni… take your pick lol
AND at our age, you should be able to meet at least one person you haven’t met before. I mean with parties on every weekend and clubs to go, it isn’t hard
; take 1-2 days a week off…[Read more]
Thanks for the advice
The best site for information that I’ve been to so far is:
a lot of reading to do but it does help clarify a lot of issues.
Will be reporting back soon!
Hey, since Steve’s first seminar in 2002, I’ve been doing a lot of research for properties as well as numerous meetings with my business partners. I’ve chosen to have business partner since I’m a university student with no full time job whereas the other 2 have full-time jobs.
We considered a few deals which were discarded after looking at the…[Read more]
damn, my last exam (real estate finance) is on Friday, then I can concentrate on my business . Lots of parties and 21st to go to as well lol
Doing proformas on commercial properties to get a valuation is such a pain in the ass!!
If you are studying at Melb uni OR you know someone who is studying there, you can try the MUEC (Melb Uni Entrepreneur’s Challenge) which is held annually. When I last checked you need I think at least 30% to have come from uni.
It’s run by the MUE and is sponsored by various companies as well as the state government.
Basically, it’s a…[Read more]
Robert Kiyosaki’s Public Response to John T. Reed’s Review of “Rich Dad, Poor Dad”
Subject: FW: WordPerfect – VERY Funny
This has got to be one of the funniest I’ve heard of in a long time. I think this guy should have been promoted, not fired. This is a true story from the WordPerfect Helpline which was transcribed from a recording monitoring the customer care department. Needless to say, the Help Desk employee was fired…[Read more]
wow, first time I’ve been here for months and look how it’s grown [^]
Good to see lots of people my age group as well
20 years old here from Melbourne. Spent 6 months researching and phoning agents with my 2 partners and almost came up with the sweetest deal ever!
Unfortunately the deal fell through cause we couldn’t obtain financing and…[Read more]
Last night, one of my friends sent me this link
I didn’t go into that much detail as I was studying for my exams but from first impressions, it seems really informative and it’s Australian based.
One other website that I was referred to really laid it to Robert Kiyosaki. It has some…[Read more]