Originally posted by blueboys:
foundation, hello again. can you explain to me the sound financial advice that i gave to nads.
My point was that you didn’t![wink]

However, I can only take this:
Originally posted by blueboys:
you are responsible for your actions and the team you build around you.get out of the rat race,seperate yourself from…[Read more]

I see your 2c and raise you 4c!
I think I agree with most everything you’ve said there Life X.

However, one important thing you forgot to mention is the investment mechanism, and its impact on risk. Gearing / Leveraging for example. A prudent investor knows that the longer the bull run, the closer and bigger the bear, and therefore reduces…[Read more]

Also, have a think about which kind of industries / businesses are likely to prosper in the economic conditions of the present and future. Stay away from leases where the company has an uncertain outlook and make sure the property is versatile.
Cheers,
F.[cap]

I agree with g7, you’ll have a hell of a time selling that deal in the current market. I would apply Steve’s Problem, Solution whatsit.
Problem = 4% Yield (far to low!)
Solution = Lower your asking price.
Result = Sales & smiles all round.
[cap]

Originally posted by blueboys:
foundation, not sure what your getting at. are u saying that anyone and everyone should have cashed in over the last 6 years?
No but most people could have maximised their capital gains by selling mid to lat 2003. I was also inferring that somebody who had only ever ‘invested’ during Australia’s biggest ever housing…[Read more]

Oh come now Chipper! Surely you are not comparing the recent real estate boom with that of the late 80s? Things are SOOO different this time around![ohno2]

blueboys – Do you have any idea how exceptional the last 6 years have been in terms of property capital gains? Do you expect to continue to see CG of 20 to 30 percent this year? Next year? In 2007, 2008?

I sure don’t, but what would I know?[cap]

I share Monopolys’ disbelief in your returns, but will assume them to be accurate.
I’m still curious about this:
i help people… …i only care about the results for investors
Do you give financial advice? What is your AFS number?

Now let’s dissect your example:
Originally posted by tony wpb:
i have clients that have setteld properties in the…[Read more]

Originally posted by tony wpb:
cutting part of a sentence to attempt to mock somebody is childish.
I don’t believe I changed the context of your statement.
i only care about the results for investors.
Sorry, but this pushes my sceptical button. You are running a business, not a charity.

Do you use in-house and/or paid valuations? Why?
Who paid…[Read more]

Originally posted by tony wpb:
i hate to break it to you but there are no better results than property .

That is utter BS. There are plenty of places to get a better return in the long term than shares. Back to Investing 101 for you![rolleyesanim]

How many shares can you leverage? why is it the banks give a higher lvr against any piece of crap…[Read more]

Hi Rick*,
Good luck with your career change, be sure to let us know how you go. I worry that it may be difficult to break into an industry that is experiencing a record slow down, but there are always opportunities for the right person.[cap]
F.

Originally posted by APerry:
My company has had some dealings with WPB. They come accross as very knowledgable and smart operators.
…as did a certain other property developer / guru…[whistle]

A 75 year old widower engages an electrician to repair a power outlet in her house, he falls thru the ceiling and dies.

Ok, that’s sad…

She is the employer,

No, he is most likely a self-employed contractor.

she has obviously provided an unsafe work place,

I think you’ll find that the onus to provide a safe workplace falls on the…[Read more]

Originally posted by tony wpb:
…i challenge anyone to give their clients better deals.There is not a fat chance in hell that anyone could provide better deals …

I accept your challenge. Post full details of your best ‘deals’ here and we’ll see how they stack up.[cap]

Yeah, count me in for that ‘fund’, it sounds [specool]… oh wait, no it doesn’t.

Have you tried putting up “For Let” signs? Some people don’t use the word rent.

Originally posted by MRK25T:
He offers 15% interest on $20k so i’m ready to hand over my $40k for a year.

It sounds as though your mind is already made up. I hope you are prepared to kiss your 40k goodbye. No matter what guarantees anyone gives you, a 15% return is obviously going to involve a good deal of risk so you would want to have…[Read more]

Originally posted by Still in School:
refinancing that investment property loan, and taking those cash proceeds and using the new cash that is available,

I don’t think you’re actually ‘taking those cash proceeds’ at all. I think you are using a percieved increase in value as security to take on additional loan liabilities – yes, yes?

Originally posted by Still in School:
fastests ways i gain cash deposit, are definelty, cash being released from the properties equity

Please detail this process both for the education of styla2001 and for my own amusement…

[blink] Actually, that potential issue had gotten past me too. I was worried about Andy’s long term risks, when there is an immediate one.
So the first thing to do is to find out whether any lender is prepared to take on Andy’s mortgage?

I would not trust the valuation of a real estate agent as far as I could poke it with a very long stick. If you can afford to repay half a million dollars over 25 years or so I imagine you can spare a couple of hundred dollars for advice that might save you a couple of hundred grand.

Woodsman,
While I am not overly familiar with Sydney either, I…[Read more]