What an interesting thread about IPs in Hong Kong!!

I was born and brought up in Hong Kong and have left home for almost 20 years. Maybe what you said is correct. It’s a long time ago when I lived there. Having said that, I still have my friends live there and more or less, I have a some ideas of what is happening over there.

Unless…[Read more]

I came across your thread tonight and thought you are in a very difficult situation.

Based on what you described in your thread, I am not sure if you have a tenant paying rent for your company titled property. If you have no tenant at the moment, it means that you are currently paying the entire mortgage (i.e. not the $120 per week…[Read more]

PPOR = Principal Place of Residence

Others:

IMHO – In My Humble Opinion
L/O = Lease Option
CoCR = Cash on Cash Return
IRR = Internal Rate of Return
NPV = Net Present Value
P/P = Purchasing Price
P/C = Purchasing Costs

Save the rest for other people.

Raymond

Thanks for sharing your moving experience with us. I thought before engaging the removalist, the most important thing to to is to ask around and get anyreferrals that you can get.

If you have a good referral, it is unlikely that these people would do a dirty trick on you. Few month ago, when we moved from a 3-bedroom apartment (top…[Read more]

Your stories always amazed me. I believe you have contributed a lot to the Forum in the past and I certainly enjoyed reading your posts and responses.

It is sad to see you leaving us for a good while. Hopefully, you will drop by and update us on how you are going. My feeling just like saying ‘goodbye’ to the player who managed to…[Read more]

I do agree with Wylie’s comment. At the end of the day, the RE agents only look after themselves. Most of them would pump up the selling price in order to get the listing and would tell the potential buyers a lower figure so that they would turn up at auction to create such competitive environment.

To me, I came across so many RE…[Read more]

After going through the past thread, did you manage to get some course materials for assessemnet? Any comments?

I would be interested to know the outcome. Any action from ACCC?

Regards
Raymond

I saw your thread and thought I would offer my 2 cents worth of comment.

As Steve told us in the past that the days to find positive cash flow properties are long gone. In fact, Steve admitted that his 11 seconds solution formula is no longer applicable in the current property market condition.

What we really need to do is to look…[Read more]

Good one. I do believe one thing in life – what goes around, comes around. It all depends on when.

Raymond

I do agree with other comments that you don’t have to pay 10% deposit as the deposit figure is to be agreed between the vendor and buyer.

I bought my PPOR last year at auction and prior to auction, I had an agreement from the vendor’s solicitor (in writing) that a 5% deposit was acceptable.

However, my understanding from your thread…[Read more]

Thanks for your update on the recent SIG meeting on yesterday afternoon. I am sorry that I could not make it as I am planning to attend the Somersoft meeting tomorrow night.

Anyway, please could confirm the future monthly meetings are scheduled at the last Sunday of each month. This will help me to schedule my time…[Read more]

Thanks for your advice. I understand the importance of taking out an insurance to limit my liabilities.

Do I take out the landlord insurnace to insure myself as a person who does not own the property or the insurance to insure the unit trust which owns the property?

I am rather confused with the party insured under the policy. Please…[Read more]

I read your thread and thought if you both are electrical engineers (i.e. degree qualified and chartered with the Engineers Australia in Australia), and if you are doing the electrical installation for your own home, then you don’t need to engage an electrician to do the installation and certification.

I am a chartered electrical…[Read more]

The Accountant who gave us a talk was Mr. Ken Raiss who works for Chan & Naylor. Ken’s contact details are:

Suite 2, 9-11 Bells Road
Oatlands NSW 2117
T: (02) 9684 2011
E: kenr@chan-naylor.com.au

By the way, I understand that Ed Chan will be giving a talk at Somersoft meeting instead of Ken Raiss. However, they both are from the same…[Read more]

Your suggestion is an excellent idea. If the group has a fixed meeting dates organised in advance, this will give members more time to arrange their schedule to attend the meeting.

I totally agree with the suggestion of the last Sunday of each month. Thanks for the proposal.

Regards
Raymond

Many thanks for your help in this matter. I have sent you an email providing my email adress details. Thanks.

Regards
Raymond

Thanks for organising such an informative meeting for the group on last Sunday. I certainly enjoyed the talks and discussions with other like-minded people, especially with grossrealisation.

By the way, I have not yet received the email inviting me to join the Yahoo Group. Also, I have not received any information from grossrealisation…[Read more]

Thanks for the update. I shall be attending this meeting and look forward to meeting you there.

I assume there will be a meeting agenda to be sent out prior to the meeting.

Regards
Raymond

I thought the meeting is on Saturday 27 November (at 3:00pm). Please advise if this is the case. Thanks.

Regards
Raymond

It seems to me that I had missed a good meeting on last Sunday. I have to apologise for not able ro attend the meeting as I got held up in Brisbane and arrived in Sydney later than expected.

I am very keen to attend the last meeting of the year and importantly to meet some like-minded people. If possible, I was wondering if the meeting…[Read more]

Thanks for organising that. I shall be there at 4:00pm (first time).

See you all on this Sunday afternoon.

Raymond

Thanks for your email. I managed to download the latest software onto my new laptop and also updated the old version with the latest version on the office computer.

Many thanks for your help. By the way, do you normally send out email to registered users for any upgrades when they become available?

Regards
Raymond

Thanks for your information. I missed the first meeting last time but would like to attend this one if I can.

I did send you an email enquiring about this meeting previously and hope other people don’t mind me joining. I am not new to property investing game but have been using wrong strategies.

Although I shall be in Brisbane from…[Read more]