[jezMember@jezJoin Date: 2003Post Count: 31]

May 14, 2008 - 2:28 pm

Might be worth asking around if you want to find people to play the board game with. Might even be some people here who are interested. — Jeremy Melbourne

[jezMember@jezJoin Date: 2003Post Count: 31]

November 27, 2003 - 2:59 pm

Someone made the comment that I haven’t been posting here much lately, so here goes. I thought it was great as well. Certainly gets a few thoughts happening.

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Jeremy Lunn
Melbourne

[jezMember@jezJoin Date: 2003Post Count: 31]

November 19, 2003 - 12:59 pm

quote:

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Hi Jeremy, I think you are doing close to what I would like my children to do, English, Extended Maths, Physics, Chemistry & IT. My son liked it and did very well. My daughters is doing well but they thinks they don’t like anything (!!)including Science so they skips Physics/Chemistry. My youngest is in yr 11. What do you want to do at the uni? I hope you will get enough marks for it.

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I’m not personally a huge fan of maths. It’s not really presented in anyway to capture interest so I do find it quite hard to learn. Physics isn’t so bad since it’s applied nature gives it context and for some reason I find it far easier to work through physics problems.

My mum wants me to do engineering, though I do think I’d enjoy something like Communication or Computer Systems engineering, I don’t think I could really stand doing engineering maths (could possibly live with it). I’ve applied for Entrepreneurship at RMIT University (http://www.rmit.edu.au/browse?SIMID=BP030) so I’ll see how I go.

Jeremy

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Jeremy Lunn
Melbourne

[jezMember@jezJoin Date: 2003Post Count: 31]

November 14, 2003 - 8:46 am

quote:

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How come Jeremy finish that early and SIS that late! What courses/yrs are you doing?

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I was doing VCE yr 12. As far as I know exams are still going, but I’ve had all mine. As per other comments I didn’t seem to get all that much swot vac time, about a week before my English exam, then another week until Maths and then Physics was the day after my second maths exam! []

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Jeremy Lunn
Melbourne

[jezMember@jezJoin Date: 2003Post Count: 31]

October 9, 2003 - 9:11 am

quote:

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I have 18 rats, and they are the most fantastic pets that you could ever EVER own. You can see some of them at http://www.rockabyeratties.com .

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Are you out of the rat race yet, Smaointe? []

All we have at the moment is a pure bread cocker spaniel named Sonny Jim, as well as a canary named Charlie. Used to also have another cocker spaniel (blue rone) named Ruby, she was a great dog.

Have had two budgies, doody boy and uncle feather. Also as a six year old I thought it would be a good idea to get a hen (hey whatever pet has edible produce?) so we had 3 chooks; henny, penny and foghorn (in the Melbourne suburb of Box Hill).

Initially grew up with dalmatians. The first one Sugako got cancer and had to be put down, the second one Mitchica was vicious and bit anyone who came within 10 metres of him so he was put down as well

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Jeremy Lunn
Melbourne

[jezMember@jezJoin Date: 2003Post Count: 31]

October 6, 2003 - 9:02 am

quote:

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Panthers in a chookhouse ????
you have a big problem, perhaps you could get stronger chicken wire. my gran had problems years ago with Foxes, so i can understand your dilema.
regards westan
(i live in Victoria)

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What kind of yeilds do these chook houses return? []

Edit: Whoops, I should have been more specific…. yeild could perhaps be interpreted to mean the number of eggs! Lets try CoCR [:0)]
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Jeremy Lunn
Melbourne

[jezMember@jezJoin Date: 2003Post Count: 31]

October 6, 2003 - 8:25 am

Also take a good look around this forum. You may pick up some tips as to which areas to look in and many other priceless tidbits of information. Also another useful forum is the somersoft forum which you can find through the web links (though just beware, people like to negative gear there [])

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Jeremy Lunn
Melbourne

[jezMember@jezJoin Date: 2003Post Count: 31]

October 6, 2003 - 8:17 am

If putting in anything about finance, you’ll probably want to put something along the lines that the contract is subject to the purchaser obtaining finance suitable to himself. If not then the vendor could offer you finance at 20% p.a. and you’d have to take it.

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Jeremy Lunn
Melbourne

[jezMember@jezJoin Date: 2003Post Count: 31]

October 6, 2003 - 7:11 am

The first real step is to get out on the ground. Have you read Dolf de Roo’s book “Real Estate Riches”? He has a nice little ratio, as follows, to show that real estate is a numbers game:

100:10:3:1

Basically it means that you look at 100 houses (I’d say you’d want to look at 90% of them in person, not over the net), of those you may make 10 offers, of which 3 offers will be accepted and one offer you’ll be able to obtain finance for.

Of course there are no hard and fast rules, but generally if all your offers are being accepted then maybe you are offering too much (but if it’s positive geared and you’re getting a nice income that may not be too much to worry about). On the other hand, if you’re lucky enough to get finance for all 3 offers that have been accepted then you’re laughing! [8D]

Conclusion: Just keep in mind that you may have to look at over 100 houses before you are able to find just one property that you can buy.

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Jeremy Lunn
Melbourne

[jezMember@jezJoin Date: 2003Post Count: 31]

October 5, 2003 - 8:13 pm

Hmmmmmm

/me thinks you’d want to get a good price if you go ahead

Perhaps work out the cost of the repair bill, take that off the value of the property then work out some sort of agreement where if any compensation is received from the builder, it goes to the vendor.

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Jeremy Lunn
Melbourne

[jezMember@jezJoin Date: 2003Post Count: 31]

October 5, 2003 - 2:15 pm

Obviously there are no hard and fast rules about having a population >10,000. If can buy these properties are particularly low prices and all, then get a good yeild then why not? Though might be a little harder to finance.

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Jeremy Lunn
Melbourne

[jezMember@jezJoin Date: 2003Post Count: 31]

October 5, 2003 - 2:00 pm

A mate of mine leases out the house next door to him (though in his case I think he may own it outright). They went exclusively through a PM so the tenant doesn’t even know their landlord lives next door! They were concerned that the tenant would feel uncomfortable if they knew, though personally I’d also be concerned that the tenant would feel overly comfortable. That is, if you get too friendly with them, they might get slack with paying the rent and it’d get to point where you’d be paying the PM for nothing (i.e. the tenant is more likely to come to you if they see you watering your flowers every morning). That said, if it’s only one property it’s probably not the biggest deal and you could probably get away without using a PM for that property (especially if the tenant is going to know you own it anyway).

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Jeremy Lunn
Melbourne

[jezMember@jezJoin Date: 2003Post Count: 31]

October 5, 2003 - 12:02 pm

Personally I wouldn’t invest in managed funds. They’re diversified to the max so growth is as low as possible, you don’t get a huge return on your investment at the end of the day, you have no control over how your money is invested and you’re still not 100% safe.

If you can invest in property then do. If you’re not going to invest in property or anything else though, you may be better off having your money in a managed fund instead of having it sitting in a bank account where interest doesn’t even cover inflation.

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Jeremy Lunn
Melbourne

[jezMember@jezJoin Date: 2003Post Count: 31]

October 5, 2003 - 5:38 am

One of the features of the e-book is supposed to be that you can print off templates as you need them. I imagine this will no longer be the case if it’s printed product?

That said, I’m not sure that it’d work on my computer anyway. Is it purely a PDF file? I can view those with no problem.

Not sure that I can justify the cost for either anyway until we go to look for houses and find deals that we’ll be wanting to buy. My mum says I’m not allowed to look for houses until my exams are over! []

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Jeremy Lunn
Melbourne

[jezMember@jezJoin Date: 2003Post Count: 31]

October 3, 2003 - 2:32 pm

Sorry can’t really give you an example but negative gearing essentially means that you make a loss. The government allows you to compensate for this loss by deducting it from your taxable income. So if you’re in the highest tax bracket this really means that you save 48.5% of which you’d have otherways paid in tax. Doing it purely for tax purposes only doesn’t make sense. Where it does make sense, however, is where you know there will be at least enough capital growth to compensate for this loss.

Now where it really makes sense is where there’s large capital growth. For example imagine that you have a cashflow shortfall from the investment of 0.5% per an annum, but you were achieving capital growth of 10% you no doubt end up better off. The only problem is that you have to sell off to take advantage of this capital increase. That also means that you’ll pay capital gains tax. You also have to be able to service your loan between the period that you buy and the period that you sell.

All in all I wouldn’t recommend negative gearing unless you either have a large sustainable income or you already have a number of positive geared properties to counter the cost.

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Jeremy Lunn
Melbourne

[jezMember@jezJoin Date: 2003Post Count: 31]

October 2, 2003 - 10:18 am

Having seen the material that Amway try to use to get people in, I wouldn’t touch MLM with a 30 foot pole! It just has absolutely no basis whatsoever. They give you all this marketing psychological crap, but no evidence to back up their claims. My bullshit-o-meter was going hot.

It’s also alleged that Kiyosaki only put the positive comments on MLM in his books so that he could sell it through Amway. I feel sorry for the person who tried to suck me into it, because he has already been fooled. I’ve also heard that anyone who has become millionares through the whole scheme have done so through selling motivational materials, rather than the actual products (which tend to suck anyway).

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Jeremy Lunn
Melbourne

[jezMember@jezJoin Date: 2003Post Count: 31]

October 2, 2003 - 8:43 am

As many people have said, I think you have to really get out there on the streets to find the best deals. I’ve yet to get started with this myself, have really got to find a time when the family car is available and get out to the country.

Good luck,

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Jeremy Lunn
Melbourne

[jezMember@jezJoin Date: 2003Post Count: 31]

October 2, 2003 - 8:26 am

I’m interested. I’m in Box Hill.

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Jeremy Lunn
Melbourne

[jezMember@jezJoin Date: 2003Post Count: 31]

October 2, 2003 - 4:16 am

Our experience with homestay students is that you can get up to $200 (depending on how much responsibility you take on, e.g. if they’re under 18 ). Generally though I think it’s about $180/week for an adult if yo provide food. Even though rich parents usually pay, they tend to try squeezing every last cent out of you, some going as far as trying to take cut lunches to TAFE for their friends.

A mate of mine used to take them for $200/week from Taylor’s College. In one particular instance they had a student who only showed up once a fornight to pay the rent. I think that it’s an immigration policy that students under 18 have to arrange homestay, though no one actually checks to make sure they use it.

That particular mate of mine went on to buy the house next door to him to house the students, though more recently he reverted to renting it out. Now he doesn’t have any students (I think it was mainly something that carried over from when he was renting anyway, helped him to offset the rent).

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Jeremy Lunn
Melbourne

[jezMember@jezJoin Date: 2003Post Count: 31]

October 1, 2003 - 11:43 am

Not sure if it’s much help to you, but you can get most (if not all) state laws from:
http://www.dms.dpc.vic.gov.au/

Not sure if they have summaries there at all. Maybe also try Information Victoria:
http://www.info.vic.gov.au/

Jeremy Lunn
Melbourne