Forum Replies Created
Dear Krazystyler,
I spent all yesterday on this site and actually put a post up asking if anyone would like to get together in Melbourne to talk property! I live in Nunawading, only 5 minutes from the Blacky! Sorry I missed your post as I would have loved to have come (talk about lack of due diligence!). I hope it went well. PLEASE feel free to email/pm me when the next meeting is or if anyone wants to get together soon.
Cheers,
Gatsby.Westan,
China is the go and here is your new market! Forget NZ! The new market is Biotech. Forget the indusrial age, the info age. We are in the bio tech age well and truly. Stemcell research is well and truly alive in China. I’m not sitting on any moral high ground here. I’m just calling it like it is. In China there’s no debate about the ‘right to life’. You won’t find people locking arms outside of abortion clinics. You also wont see people locking arms around cemetaries ‘IF’ the right to life really is one’s premise. Picture it! People locking arms around a cemetary.
“She can’t come in”
“she was 96, she was hit by a truck!”
“THERE’S OPTIONS!” (????)
“What do you mean, we’ve got to have her stuffed?”
There will be no ‘Save the children. The children are our future plea either’. What does that mean? You reach a certain age and you’re off the love list?
There is investment opportunities in China and all the researchers ARE heading there because there are less restrictions on bioethics and that’s where the money is. You be the judge. Our lines are open.
Gatsby.Marc 1,
from your response I’m assuming that you don’t have or believe in income protection. Forgive me if I’m wrong but after reading a few other replies I get the feeling that there are mixed opinions on this issue favouring against the income protection on a cost vs benefit ratio which I’m also leaning towards. I apologize if the George ‘where I’m at’ may have confused people as to ‘where I’m at’ as to my position in this property game. Take your pick. my prefence is George, as he was always getting into a problem but somehow always found an answer (solution), just like the philosophy of finding success in positive cashflow properties. I’m more than happy to exchange this for Elaine or Newman. I’d even go as far as Mr Peterson but I draw the line as ‘Soup Nazi’ (Banya is RIGHT OUT!).
Cheers,
Kramer. (Giddy Up!!)Dear Kay,
…”King Solomon could not have made a wiser decision”….. Kay!!! How much commission do want from my next positive cashflow property? As Socrates said, ‘The more you know, the less you know’. Thanks for the tips Kay.
Happy investing!
Cheers,
Gatsby.Dear Kay,
Much appreciated! Regarding looking through newspapers, how do you gain access to them all? I’m looking in the Victorian region to narrow down my search but I’d happily search all over OZ. Do you pick one town say for example and then after exhausting the search via the local newspaper for arguments sake, then move on to the next town of interest etc, or do you subscribe to all newspapers for instance all over the place to compare the market? If so, does patience and persistence become the order of the day? Is there a way of casting a wider net to cover as much area (ie. all over Vic or OZ for that matter) and yet be able to leverage time to cull excessive researching (assuming ‘excessive’ researching actually exists in this game!)? I think I’m perhaps being too impatient yet there is lots I realize I still need to know in chasing these elusive cashflow + properties. Many thanks Kay for your ideas.
Cheers,
Gatsby.Hi Tim,
Thanks for your reply and advice. I’m of the same thinking as it’s only a one bedroom flat. I was interested in it from a legality/responsibility issue as a landlord as well. You mentioned a few major insurers. On another thread I’ve posted a question asking what is the best option regarding income protection. If you have any thoughts on this feel free to reply. Again, thanks mate.
Cheers,
Gatsby.Hi Mortgage Hunter,
I assume holding costs your referring to to be advertising for a new tenant, interest on IO loan, etc. I’m referring to the lost ‘rental income’. If you can claim this then I am obviously in need of a good tax accountant (hell, even a shit one wouldn’t hurt!)lol!
Cheers,
Gatsby.Hi Derek,
If you could email/PM me the contents of trust magic I’d be most grateful if possible. Many thanks.
Cheers,
Gatsby.Dear Steve and Dave,
Firstly, congratulations on achieving one of your several goals that you have with many more to come no doubt. I may be a little out on the timeing, but also a very happy Mother’s Day to Julie and Dave’s wife. Since I first attended your March seminar (with the aim of staying and getting a refund at morning tea so I could go back home to bed to nurse my flu at the time) I’m still yet to purchase a cashflow + property. However it’s not June 13th yet either. This resource website has enabled me to network and find an excellent broker, refinance two investment properties I owned prior to the seminar to a much cheaper interest rate and as a result they are now I’m happy to say both cf+ as well! Most importantly it’s catapaulted me out of my hibernation of four years and I think I’ve spent more time since the seminar actively thinking and researching in investment property while learning more along the way, than I have than ever before. Most importantly it has made me more resolved to reach my personal goal (the whole investing thing is just a means to an end to get there). By now, a one day seminar would have been like a suntan and faded within a week. Well I’m still here. Good luck and here’s to the future!
Many thanks,
Gatsby.Hi Shawn,
I’m from Melbourne but I do know of a guy who leases out semi trailers (the trailer that is) and is doing very well from this. He also invests in property, but I think his main job is hiring out the trailers to companies. I’m not sure if this answers your question or is even relevant to your situation. I hope this helps and I’ll try to find out more if I can.
Cheers,
Gatsby.Hi Bid,
I may have misinterpreted your open post or I may be showing my ignorance in property investing. In your open post you stated ‘claiming the rental loss’. I was under the impression that you cannot claim the lost rent through a property’s vacancy period. If I’m right forget it, if not then I’m owed a shit load of back pay from the ATO for all my vacancy periods! Have I misunderstood your post?
Cheers,
Gatsby.Hi all,
Pardon my ignorance but what is ‘Trust Magic’ and ‘Tax Battles’? I have Wealth Guardian.
Many thanks,
GatsbyDear fjficm,
Many thanks. I’ll look at Barry Plant.
Cheers,
Gatsby.Dear Geo,
Much appreciated! Anyone with a good property manager experience in the Ringwood area of Melbourne I’d love to hear from (or a bad experience?)
Cheers
GatsbyDear Kaye, Elves, Derik, Foston, Marc 1, Sue, et al. Many thanks for all your advice and important suggestions and experiences shared. WOW! I’m starting to wonder if income protection is worth it??? I’m not interested in Life insurance, Death (that’s already insured to happen!). I just want to cover my income for cashflow. I’ll do some more research bearing all your suggestions and Seinfield re-runs in mind. Thanks again.
Cheers,
Gatsby.It’s interesting. I’m curious to see if this grant, which is supposedly aimed at helping first home buyers enter the market, have the desired effect. It’s a bit like ‘an economy’ in any era. Some say tinker with it while others say let it sort itself out (supply/demand). I hope it doesn’t (and I feel it may) just push prices up accordingly like Howard’s FHOG initiative did.
Cheers,
Gatsby.This has been a great thread! I live in Forest hill/Nunnawading, Melbourne. I’d be very keen to meet up with anyone or a group of people in Melbourne to meet and chin wag and discuss property, exchange ideas etc. Might also be good from a social point of view to put a face to a name, etc. PM me if interested.
Cheers,
Gatsby.Many thanks for the replies,
Kaye also thanks but also think from ‘Eillen to Newman’ (George just seemed to CREATE problems and then find solutions to them) but the clause is a good one to keep in mind. Anymore suggestions or good experiences much appreciated.
Many thanks,
Gatsby.Hi all,
I apologize for chainging the thread from private health insurance but does anyone know or can recommend the best ‘income protection’ insurance? I’d be most gratefule for any replies.
Cheers,
Gatsby.Hi Steve, All,
One thing I’ve found with a tape (be it Fast Track, Tales From the Trenches, Kiyosaki, et al) is that it’s a great tool that I benefit most from by just replaying it over and over again in the car. When I head to work I’m in ‘anti job mode’ and it helps me get through the shift while, at the same time it reminds me ‘why’ I don’t want to work and helps me see a light at the end of the shift. The other reason I also play it over and over again for probably an even more important reason is because I always seem to pick up on something that I’ve heard before but I missed because I didn’t pay attention to it the previous time I played it. It also keeps the ‘momentum’ going while driving which allows you to leverage this time more effectively that would have otherwise been spent anyway (driving to work, shops, where ever. Try reading a Melways and drive at the same time and you’ll know what I mean!). I love Indy films and I’ll often see the same film 2 or 3 times because each time I learn something new (why the director chose that scene, why the narrative helps develop a character, etc). Good independent film writing is very similar to these tapes. Every word is there for a reason not just for the sake of it because you have a time limit and you cannot afford to put something in just to fill the gaps. Like I said. I play the tapes over and over again because my mood, attitude, etc always differs at the time and will dictate how much I really actively take in and listen to. Now the hard part! It’s all for nought unless I act on it!
Cheers,
Gatsby.
