no not transfer of security

just plain old deposit aka downpayment

ie

I sell house A with broker A. buyer A gives $10k deposit which broker A holds in trust.

I buy house B with agent B. can I transfer deposit A to deposit B?

http://www.posigear.8k.com
Positive Geared Share Investing

oops, that was to L.A Aussie, not andy

http://www.posigear.8k.com
Positive Geared Share Investing

sorry andy, you are mistaken. I agree a lot of shows DONT show the true costs, but this one does.

I watch it religiously. It is my bible.

Its a business model that does not work in Oz. Thats why Im moving to NZ.

http://www.posigear.8k.com
Positive Geared Share Investing

We interviewed 12 new brokers before finding one who was enthusiastic and realistic about getting the house sold. He actually specialises in selling stale listings!

And DONT pay more than $500 for marketing EVER

http://www.posigear.8k.com
Positive Geared Share Investing

Hi bessie

I have just been through a similar experience.

We used LJ Hooker In Sunnybank QLD. The agent we hired we really liked, but he quit 2 weeks into our overseas trip when the house was on the market. The house was handed over to an incompetant rookie with no desire to sell. As a result the house was on the market for 2 months, with 2…[Read more]

why would you leave a country with positive cashflow property, no land tax, no capital gains tax, no stamp duty, high depreciation, cheap tradesmen……..to come to a country with heaps of taxes and no +ve cashflow property & expensive tradesmen?

http://www.posigear.8k.com
Positive Geared Share Investing

when you trade foreign exchange, you are basicly margin lending, like shares. Or you could think of it as 98% LVR.

2% margin means if you do a $100,000 trade, the capital required is $2,000 (2k x 50 = 100k)

http://www.posigear.8k.com
Positive Geared Share Investing

thanks Richard

but….

the buyer chose CSM & I had to chose another.

went with ownit in Beenleigh (best price, anyone know if they are good/bad?)

I did find CSM wasnt cheapest by the way

http://www.posigear.8k.com
Positive Geared Share Investing

Ive explained this before in other threads.

You buy a currency pair with a high income and low interest payments….

eg:

AUD rate = 6.25%
JPY rate = 0%

borrow JPY & buy AUD with it = 6.25% profit
on 2% margin you can leverage it 50x

= 312% p.a

you are effectively borrowing Japanese funds @ 0% interest, and investing the funds in Australia @…[Read more]

buy a currency pair which pays 6% interest, then leverage it 50x with margin

http://www.posigear.8k.com
Positive Geared Share Investing

the thread was deleted as grossrealisation violated numerous ASIC laws.

Basicly he was looking for investors to give him $5m so he could set up an illegal fund investing in forex.

This guy is a joke.

http://www.posigear.8k.com
Positive Geared Share Investing

you failed to tell me you thought my idea was the best, and that you planned to steal it and attempt to start an illegal fund with it:

http://www.aussiestockforums.com/forums/showthread.php?t=2634

http://www.posigear.8k.com
Positive Geared Share Investing

Exploiting Bracket Shifts

Over the next 3 years, the ATO will be reducing income taxes. Brackets will shift outward, allowing higher income at each tax rate. Ideally it is best to have income taxed at next years lower rate if the income can be defferred.

The end of the financial year historically sees investors looking to off-load investments.…[Read more]

legally you must at least be an electrical mechanic. bear in mind, if you do something wrong, and there is a fire or electric shock, you could face a prison term. this is serious stuff.

no electrical contractor will risk his licence on your work.

the amount you are talking about is maybe $65. why are we even having this…[Read more]

dont mess around with fibro, especially with a baby. either knock the house down or leave it be. nobody will buy a fibro house but you may be able to have it removed at their cost

http://www.posigear.8k.com
Positive Geared Share Investing

jenwren

excellent work. any other deals like these? what about the fish that got away?

http://www.posigear.8k.com
Positive Geared Share Investing

yes Trish, better to spend $2k on furniture rental than on a plasma (which is likely to get flogged from an empty house)

whitegoods however may tempt a 1st home buyer.

http://www.posigear.8k.com
Positive Geared Share Investing

what if the market turned towards me?

just as much risk of either. same as any investment. the thing here is, AUD rates are rising, JPY are not. Therefore, ‘risk’ is likely to be MORE interest and MORE AUDJPY appreciation.

http://www.posigear.8k.com
Positive Geared Share Investing

I would buy $10m worth of AUDJPY ($200k margin required) which would pay me about $565k a year in positive carry and another $60k in interest…..a mere $625k p.a or 62.5%

http://www.posigear.8k.com
Positive Geared Share Investing

and another thing:

how would a plastic drop sheet have helped?

you think clumps of concrete would have their fall broken by a thin sheet of plastic? it would have ended up with hundreds of holes in it, would not have protected the tiles in the slightest, but would help with cleanup. In this situation it was unreasonable to expect the tiles not…[Read more]