PropertyInvesting.com | insider | Activity https://www.propertyinvesting.com/members/insider/activity/ Activity feed for insider. Sun, 12 Apr 2026 04:39:46 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 14442b69633ab2b9384fb7a77065f049 insider replied to the topic A new Strategy ? in the forum No Subject https://www.propertyinvesting.com/topic/4368530-a-new-strategy/#post-4432501 Tue, 07 Oct 2003 10:27:43 +0000 Yes I have heard of them. They do LO’s. Hmmm not to sure about the furniture package. They are thinking outside of the square though. I think as long as the purchasers can afford the repayments why not.

]]> aaf9bc7c9e914625a2e01f09bf9db300 insider replied to the topic Seeking Joint Venture partners in the forum General Property https://www.propertyinvesting.com/topic/4368545-seeking-joint-venture-partners/#post-4432576 Tue, 07 Oct 2003 06:13:52 +0000 Save up build equity b4 you buy another house. hmmm if you want to buy 1 house a year go for it. If you want to buy 50-100 a year you will have to start thinking outside of the square. I do JV’s but I have 100% of the pie. As I said think outside the square.

]]> 537bbc3d365d6013cb1729a301d74aa2 insider replied to the topic Investing in 2nd mortagages in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368453-investing-in-2nd-mortagages/#post-4431977 Sun, 05 Oct 2003 01:43:32 +0000 Exmaple – We buy a 2nd Mortgage (paper) for $20K yielding 15% which is $3000.00 pa. Now lets say we managed to pick the note up for $5K?? We are now making $3K on $5K or 60% + we get paid a our balloon payment in 5 years of $20K which = 300%

We could alternatively sell the note for $15K to an investor which would bring the yield up to 20%. We…[Read more]

]]> e41555924ca5d06aaf73b47afc0fd311 insider replied to the topic Investing in 2nd mortagages in the forum No Subject https://www.propertyinvesting.com/topic/4368453-investing-in-2nd-mortagages/#post-4431974 Sat, 04 Oct 2003 03:45:12 +0000 The only way to make good money in 2nd mortgages is to buy & sell discounted paper. You can make quite a healthy living out of it. Buy discounted paper eliminates a lot of the risk associated with 2nd mortgages. Not really a strategy I would recommend for the beginner.

]]> 1e68c83320064e18e4ba8781d4a7a694 insider replied to the topic excuse me insider in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368133-excuse-me-insider/#post-4429796 Wed, 24 Sep 2003 10:47:08 +0000 Richmond, I should have said, I will be in control 50-100 properties.

Battz anyone can sign a contract. You may run into trouble though if you can’t flip it to someone b4 settlement.

]]> b925d90feeba9b614a5cc1eee3f19832 insider replied to the topic Low income - is there hope for us? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368130-low-income-is-there-hope-for-us/#post-4429763 Tue, 23 Sep 2003 08:45:16 +0000 Sorry I didn’t even read your message. I only read is there jope for us. Thats all I need to hear. I don’t even have a job & I have bought 4 houses and plan to buy another 50 by this time next year. Of course there is hope but it is stil hard work.

]]> 206476b4b4892ed02595f9df51677bcc insider replied to the topic List Why Property Beats Shares in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368026-list-why-property-beats-shares/page/3/#post-4429275 Mon, 22 Sep 2003 11:05:52 +0000 You asked for it:-
Michael Marcus – Over a 10 Year period he multiplied his company account 2500 fold.

Bruce Kovner – In 1987 alone, he scored profits in excess of $300 million. Two thousand dollars invested with Kovner in early 1978 would be worth $1,000,000 ten years later.

Richard Dennis – Dennis bought a seat at an exchange for $1200…[Read more]

]]> 652933b2982689d9ab751f1c6ecb2839 insider replied to the topic List Why Property Beats Shares in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368026-list-why-property-beats-shares/page/3/#post-4429272 Mon, 22 Sep 2003 07:53:56 +0000 Joff – You say that you are now on your way thanks to advice from your broker. Mate your broker will not make you rich, otherwise he wouldn’t be sitting there behind his desk. The only way to do it is educate yourself of seek out a private trader with a long track record of successful year trading. You would also want to have some understanding…[Read more]

]]> 2e812d372f947425bdfab6851803d90f insider replied to the topic List Why Property Beats Shares in the forum No Subject https://www.propertyinvesting.com/topic/4368026-list-why-property-beats-shares/page/3/#post-4429271 Mon, 22 Sep 2003 07:47:44 +0000 Warren Buffett does not sell the stock. He will only sell the stock if the fundamentals of the business have changed, not if the price has gone up.

Matt, I ask you this, what has happened to the price of the stock once you find out the fundamentals have changed?? The directors know b4 the public which means the price has already declined…[Read more]

]]> 319165e1543f32ab019fc80900b7e1a8 insider replied to the topic List Why Property Beats Shares in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368026-list-why-property-beats-shares/page/2/#post-4429263 Sun, 21 Sep 2003 23:07:49 +0000 MAtt I knew someone was going to bring warren buffet into the picture. If you can try and tell me about another very successful (multi-millionaire) who uses fundamental analysis successfully. Warren Buffet did not just buy stocks. He was the majority share holder so he could go in and build the company that’s why he is so rich. Mum & dads &…[Read more]

]]> 74ad2d98501610ca851fcde1fdb58b3d insider replied to the topic List Why Property Beats Shares in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368026-list-why-property-beats-shares/page/2/#post-4429257 Sun, 21 Sep 2003 12:02:04 +0000 Ez-rent you said that finding under-valued stocks & over valued stocks is key. Sorry but I must disagree. Sausage software was overvalued at 20cents. What did that end up trading at?? The underlying analysis of picking under-valued & over valued stocks is fundamental analysis which in my opinion does not work.

This is some of the reasons…[Read more]

]]> bc5338d65fa40714b85723cd29227628 insider replied to the topic List Why Property Beats Shares in the forum No Subject https://www.propertyinvesting.com/topic/4368026-list-why-property-beats-shares/page/2/#post-4429252 Sun, 21 Sep 2003 05:00:29 +0000 Sorry about the grammer/spelling mistakes. If only I went to uni for 4 years and obtained that degree I may be able to proof read. Hmmm I think I would just rather not waste the time and make money instead.

]]> 9e415a62402822c668b652ccdace7877 insider replied to the topic List Why Property Beats Shares in the forum No Subject https://www.propertyinvesting.com/topic/4368026-list-why-property-beats-shares/page/2/#post-4429251 Sun, 21 Sep 2003 04:52:36 +0000 What an interesting topic and something I wouldn’t mind commenting as I have a good knowledge of both investing strategies. Please people I don’t mean to sound blunt but am trying to be as blunt, objective and truthful as possible.

Wayne – You say that the stockmarket has historically returned 13% PA over the last X years. You also say bring…[Read more]

]]> d942863bc5e6f512d064a0bbdb6c2d7f insider replied to the topic Lending?? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367999-lending/#post-4429099 Fri, 19 Sep 2003 02:24:49 +0000 I forgot something. In steve’s book he talks about buying power. He says that the fact that the houses you buy are positively, geared your buying power should increase as you can meet servicability requirements. But will the banks keep lending to you when you are buying in small towns?? And you still have exposure issues to contend…[Read more]

]]> f9186c95773f777c4f5a15fb1f697712 insider replied to the topic NZ car rentals?? Mini in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367812-nz-car-rentals-mini/#post-4428117 Tue, 16 Sep 2003 00:29:02 +0000 Mini my email address is logic1@bigpond.net.au

]]> 1bc56ae4cfc5bcaf29e2c52ca916bdd3 insider replied to the topic Margeret Lomas bags Steve at expo in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367842-margeret-lomas-bags-steve-at-expo/#post-4428233 Mon, 15 Sep 2003 14:08:40 +0000 Well, well, well miss lomas is a poppy cutter as well. People seem to dislike what they don’t know, don’t understand & can’t do.

]]> 1cbc81bcf0a752b0d50cd6c404f70b68 insider replied to the topic Future Property Bust in the forum No Subject https://www.propertyinvesting.com/topic/4367486-future-property-bust/page/2/#post-4426303 Sat, 13 Sep 2003 09:21:45 +0000 Joke.
Question.
Why did god make so many economists??
Answer.
Because then at least one would be right.

]]> 70e7a5b61458de061ddc5478fe9d03e4 insider replied to the topic Trust Replication - Straight Answer?? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367635-trust-replication-straight-answer/#post-4427237 Fri, 12 Sep 2003 13:28:07 +0000 They still look at your exposure regardless of whether it is positive cash-flow or not.

]]> 519bc9566c4c6cf8d17b103e6daf5fc9 insider replied to the topic probs with nz web sites and addresses in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367390-probs-with-nz-web-sites-and-addresses/#post-4425569 Fri, 12 Sep 2003 13:15:40 +0000 Westan are you from AUs?? Whats forcing the move to NZ?? I am going over there in 6-8 weeks once my company & trust is set up over there. Have you got work organised over there?? I am thinking of moving over there myself. I wouldn’t mind having a chat if you have got the time.

My email is logic1@bigpond.net.au

]]> 5416114ffbd6b331b1f065d8bde179ee insider replied to the topic Trust Replication - Straight Answer?? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367635-trust-replication-straight-answer/#post-4427235 Mon, 08 Sep 2003 23:15:27 +0000 How does Steve get away with it then?? There must be away around it if he is doing it.

]]> 81567d4c0949987122dfe7af01f9fbf2 insider replied to the topic How to borrow 100% without paying mortgage insuran in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367624-how-to-borrow-100-without-paying-mortgage-insuran/#post-4427167 Mon, 08 Sep 2003 13:26:35 +0000 There are plenty of ways to borrow 100% without paying LMI. Buying under market is just one.

]]> b1aed1c3c9e2f766e6db5b9e0805b7f1 insider replied to the topic MASSES OF MOTIVATION BUT NO CASH. in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367631-masses-of-motivation-but-no-cash/#post-4427204 Mon, 08 Sep 2003 13:23:06 +0000 Cookster I have no money no job and have just bought 3 properties in 2 weeks :) Think outside the square. Answers will not just fall into your lap.

]]> d7906a932f942afbe5b9fb98cde2a794 insider replied to the topic Steves Challenge in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367633-steves-challenge/#post-4427220 Mon, 08 Sep 2003 13:19:20 +0000 I actually thought the MAPs program was to
create net millionaires. Anyway still a good program.

I think the challenge should go a little more like this – Turn everyone into 100K per year passive investors in 12 months. The people selected would then use none of their own money. Boy would that be a challenge. Maybe make it a smaller group of…[Read more]

]]> 4d9e4605b20a49bf4ab9451f34044753 insider replied to the topic NZ investors in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367577-nz-investors/#post-4426811 Sun, 07 Sep 2003 07:31:01 +0000 Australian Residents will Pay CGT. Hmmm What if we set up a company in new zealand that I an aussie resident am a director of??

]]> 3490eaacbba9d3f903c0be30c23c6a63 insider replied to the topic 11 Sec Rule POPULATION?? in the forum No Subject https://www.propertyinvesting.com/topic/4367570-11-sec-rule-population/#post-4426771 Sat, 06 Sep 2003 16:41:15 +0000 Based on this case study does the property meet the 11 sec sol?? Are you refering to Steve’s book??

]]> 2313c8deece732eadaa039b09c42344c insider replied to the topic can steve help unemployed as well as ordinary aust in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367550-can-steve-help-unemployed-as-well-as-ordinary-aust/page/2/#post-4426672 Sat, 06 Sep 2003 10:18:54 +0000 The question was asked did I have any equity??
:( Sorry no equity but I did have enough money for a deposit on a couple of houses which was not used to buy any of the 4 I have acquired to date.

Well I suppose you are wondering how did I buy 4 houses. The answer to that question is quite simple, other people.

I once heard a quote by a famous…[Read more]

]]> 6c29281b84168807c2348c9875252b18 insider replied to the topic can steve help unemployed as well as ordinary aust in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367550-can-steve-help-unemployed-as-well-as-ordinary-aust/#post-4426662 Sat, 06 Sep 2003 04:57:05 +0000 Sorry richmond working full time is staying in my comfort zone. Burn your bridges then you can’t retreat. When I started investing I didn’t have a job & could not get finance from lenders. Somehow I have still managed to buy 4 properties in the last 2 months and will have 15-20 by the end of the year. Can it be done. yes it can:)

]]> 3f4007ea08786cec773f484df2fdf2b9 insider replied to the topic edestiny positive cash flow properties in the forum No Subject https://www.propertyinvesting.com/topic/4366058-edestiny-positive-cash-flow-properties/#post-4417278 Thu, 12 Jun 2003 13:09:00 +0000 The banks now do not take depreciation & tax advantages into consideration when they look at service ablilty either. What happens if you loose your job?? Something to think about.

]]> c0b54b23b7217f1e63c0e9ef5df5b8f0 insider replied to the topic Offers in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365836-offers-5/#post-4416104 Sun, 25 May 2003 22:27:54 +0000 I don’t really think long settlements will be successful in my current market. I personally do wraps with JV’s. That means the only way I can negotiate is the price or get stamp duty get thrown in. If I pay full price there is not enough meat in it for my JV partner.

]]> 5967bf7c9a9b6d8ea1738a941b3f9916 insider replied to the topic Why hand over control? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365822-why-hand-over-control/#post-4416055 Sat, 24 May 2003 08:43:15 +0000 I personally don’t think in Steves example that it would be tough to market when rents are $250 and LO payment is $330. I have a friend and no many others that wrap houses that are worth 200K+. rentals in the area are about $220 PW. Wrap repayment is $360. People know that to own their own home the repayments will obviously be higher then their rent.

]]> 202b15b0a8be376f36447d06130bb8ae insider replied to the topic Why hand over control? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365822-why-hand-over-control/#post-4416052 Sat, 24 May 2003 07:11:42 +0000 I still don’t think you guys understand what Polaris is trying to say. I have no doubt that on selling on a LO is profitable.

I think think this is what polaris is trying to say.

Example.

You find house worth 220K.

You then not buy the house but LO it paying the owner a premium 2-5K and pay him payments each week. Now how is the vendor…[Read more]

]]> 5f73bd38b24f89679c7d718eead5069a insider replied to the topic Why hand over control? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365822-why-hand-over-control/#post-4416048 Sat, 24 May 2003 01:54:02 +0000 Polaris I think I know where you are coming from. Is this is what you are trying to ask?? Why would someone lease option a property to you when they are not getting anything out of it?? they get an option fee, no growth as you have an option over the property & the repayments you are making back to them would be less then or equal to there…[Read more]

]]> 4d0e310b8cbfaccd1f7fd84c2f85b8f4 insider replied to the topic SBS business show Now in the forum No Subject https://www.propertyinvesting.com/topic/4365840-sbs-business-show-now/#post-4416119 Fri, 23 May 2003 12:02:18 +0000 When is this show??

]]> 51fad54b909fc3779fedfff46a10410b insider replied to the topic How many offers have you made? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365749-how-many-offers-have-you-made/#post-4415694 Sat, 17 May 2003 00:33:35 +0000 What sought of success rate have you had using this approach Mathew?? What sought of discounts have you been able to achieve??

]]> e1a6be1c316a8f484b2f0ba3a78ef95b insider replied to the topic How many offers have you made? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365749-how-many-offers-have-you-made/#post-4415692 Fri, 16 May 2003 03:59:55 +0000 Sorry Steve my mistake.

Mathew you say you couldn’t be bothered wasting time writing out 40 offers. I ask you how long do you thing this will take. How long is it going to take you to inspect 5 houses. You still have no gurantee they are going to accept your offer if you inspect. I think faxing offers is a good way to seek out motivated…[Read more]

]]> 9a884f44ef4679644a6f15ffd8942ce4 insider replied to the topic How many offers have you made? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365749-how-many-offers-have-you-made/#post-4415690 Fri, 16 May 2003 00:36:04 +0000 Steve in your wrap example you have a purchase price of 80% FMV. Do you consider this low ball.
What % discount to FMV do you consider low ball.

]]> dbc95918ef6d0bd3ac94cfb7af622d71 insider replied to the topic How many offers have you made? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365749-how-many-offers-have-you-made/#post-4415688 Thu, 15 May 2003 11:26:03 +0000 When you say you make low offers, what do you define as low?? 70%, 80%, 90% of FMV.
To me if you are using JV partners the only way to really get decent returns for your partners is to get a decent price. If you buy near market your mark up becomes to an extreme where it makes it hard for the wrappee to re-finance. If someone can tell me…[Read more]

]]> e481932ed0ae6e027008a84226f5f1c5 insider replied to the topic Offers?? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365728-offers-4/#post-4415564 Mon, 12 May 2003 12:45:52 +0000 Are you from geelong Sooshie. If you are we will have to catch up some time. My email address is logic1@bigpond.net.au

]]> 2fca1f97839635df3bc4d220dcc9ab1a insider replied to the topic low price house with pool in the forum No Subject https://www.propertyinvesting.com/topic/4365717-low-price-house-with-pool/#post-4415535 Mon, 12 May 2003 00:29:56 +0000 I never buy houses with pools. I suppose you do have to way up how cheap you are getting the house for.

]]> 32ef7511c45ccb16a509982b9dc2d4ad insider replied to the topic propertyvalue.com.au - free (not) in the forum No Subject https://www.propertyinvesting.com/topic/4365707-propertyvalue-com-au-free-not/#post-4415461 Sun, 11 May 2003 13:00:31 +0000 I paid for a report from home price guide and found it next to useless. I wouldn’t even waste my money.

]]> f6b1885395c004545f3e9ceaf776ae7d insider replied to the topic Low Ball Offers Take 3?? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365683-low-ball-offers-take-3/#post-4415389 Wed, 07 May 2003 13:51:54 +0000 Although I am starting to see changes in the market and am predicting that a lot of the offers I am now making will have higher success ratios.

]]> 6b7d19f53690a69f35cd52b525a9ba56 insider replied to the topic Low Ball Offers Take 3?? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365683-low-ball-offers-take-3/#post-4415388 Wed, 07 May 2003 13:42:52 +0000 Are you buying cheaper end properties eg 100K or dearer end 200K plus. I think I would find it very hard to accumulate 30 properties this year paying 80% of FMV especially when houses I am looking at are around the 200K + mark. I must admit I am finding it easier to get discounts on the cheaper properties. Don’t ask me why.

]]> e04ffa73a02163c432e08e76fd83d072 insider replied to the topic comparable sales data in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365638-comparable-sales-data/#post-4415212 Wed, 30 Apr 2003 09:56:13 +0000 The best way to find out values is to hit the pavement. I no it is labour intensive but from a sheet of historical prices doen’t help. I bought historical data of home price guide and it was next to useless.

]]> 207e4105fe4640412de507eee68a44ce insider replied to the topic 10% or 20% deposit? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365623-10-or-20-deposit/#post-4415150 Tue, 29 Apr 2003 00:16:42 +0000 Sorry soosh I don’t see how the cash-flow can be better when you borrow at 80% LVR. At the end of the day you are still paying interest on your LOC which almost mirrors your mortgage. The only way to improve cash-flow would be to use cash for your deposit. Of course then your ROI suffers.
Believe me 90% is the way to go. I personally wouldn’t…[Read more]

]]> 06b65ef6bc0c1eca1f8223d88d1d1383 insider replied to the topic 10% or 20% deposit? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365623-10-or-20-deposit/#post-4415148 Mon, 28 Apr 2003 10:39:32 +0000 I just re-read my post and I must apologise for the spelling mistakes.

]]> 375835836b69fb5e38a82eca4762a24d insider replied to the topic 10% or 20% deposit? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365623-10-or-20-deposit/#post-4415147 Mon, 28 Apr 2003 10:37:39 +0000 As far as I’m concerned soosh using a LOC is just like using cash. If you have a 200K LOC, how many houses can you buy using a 90% LVR compared to an 80% LVR (providing the house are positively geared). To me the answer as quite simple.

As far as using PL’s to fund the 20%. hmmm The figures I have worked out conclude that it is actually better…[Read more]

]]> bb432337da451a69e0485b1f9b0a3d49 insider replied to the topic 10% or 20% deposit? in the forum No Subject https://www.propertyinvesting.com/topic/4365623-10-or-20-deposit/#post-4415142 Sun, 27 Apr 2003 12:59:59 +0000 To me the answer is simple soosh. Definetly borrow on 90% whether it be P&I or IO depend entirely on your strategy. If I could borrow 100% from the bank I would (I believe Henry Kaye has mastered this, although I don’t know whether his approach is entirely honest). The least money you have in the deal the better. Work out the ROI on 80% LVR…[Read more]

]]> 734e52fc1688235561df7aae47e76050 insider replied to the topic Is $2195 too much? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365538-is-2195-too-much/#post-4414809 Sun, 13 Apr 2003 04:17:48 +0000 Paul, Steve can’t make you get out of bed in the morning. He only gives people the tools to take action. If you act on his information or not it is up to you. It is obvious you haven’t otherwise you wouldn’t be in here mouthing off.
[:D]

]]> ff68a7777612068772b95e6b620fac4a insider replied to the topic Return on Investments in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365192-return-on-investments/#post-4413079 Wed, 12 Feb 2003 17:22:12 +0000 elliot is a esotric mathematician. He believed that the stock market prices flowed like waves. I however believe is method is a form of prediction and for this reason don’t follow this methodology. To me the stock market is about probable events and not prediction. Anticipating or predicting someting leads to disappointment when some does not…[Read more]

]]> 2221bb267087ee1043677d35cecdc4bc insider replied to the topic Country Development in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4364985-country-development/#post-4412288 Thu, 02 Jan 2003 09:23:05 +0000 Spot on Louise you are up sh-t creek without a paddle. This is in direct voilation of the Trade Practises Act.

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