Hi Jack Flash,I tend to agree with two points you have made.1) The mining outlook is not looking good – I have a uncle to works for BHP in NSW. They have been forced to take days off and know there shifts are going to be cut down as well with no over time at all.I working in the freight forwarding industry and our friends in china are saying one…[Read more]

I must admit though i have asked my finance some questions that john treed has though lol

Hi Kate,Great question to ask. I am from Melbourne and i used to work in Werribee ( Melbourne) they said the last few months have been very quiet but they have said the same thing that in the last two weeks things have picked up.Prices have still droped but they have seen a few  buyers comming around. I also asked him this question next have you…[Read more]

If some one wants to make money then they will. More wealther  people are made when times get though.Why? Average person will complain life is to hard, omg the bills, my cat needs this. All they do is <moderator: delete language> doom and gloom and scared to take a risk.Donald trump has failed so many times yet he is very wealthy, rich dad poor…[Read more]

Hey Terry Hope you been well.Its crazy out there i think every one is trying to get rich very quick and borrowing to muchI think some times its better to keep things simple.In Good times people who borrow alot do ok and then when things change there out lays are far to great to do anything.PS lol like what i am going through with my bussiness i…[Read more]

Engelo 10,Do you live at home with parents or do you live in your own home….. I think no one has brought up this point?Mate once you move out your going to need a bit more just to pay the bills, debt, food and other expenses.As for a big rescession mate where 100% heading in that direction. We organise all the importing for alot of the big…[Read more]

Hi all
I love active topics. Engelo mate im glad to see you having a crack. Im 27 and have done very well from property. I bought a small business and every one said nah its to risky or bad timing. Im working very hard to keep my business going in fact I work some where else and my fiance runs the store. If you do some thing wrong or the property…[Read more]

Hi Guys,Maybe Terry you can provide a opinion on this:Current Situation:  Home Loan: $109,000K = $645.00 per Month in RepaymentBussiness Loan – Two Splits Loan1) 285K – Intrest Only – $2000.00 Per Month2) 275K – P & I – $4000.00 Per Month Security: Using My Home Loan – 109K valued at 410k Parents Home: Loan 158K valued at 360KCould this be done…[Read more]

Hi nice post
I used to work in real estate and I did very well to. To be honest every area and market conditins require an agent to sell the home differently. The way I value homes is by doing to things. I show the vendor what has been sold in the last three months in the area by every agent and also show what we have sold in the last three months…[Read more]

Hi terry you are right!!!I work 35 hoours a week and i get all my expenses paid for plus a pretty good wage. After i sell my bussiness im going to focus on investing again. Well il keep use guys posted on how we go with selling the shop they say tatts store usualy take up to 6 months to sell.

Hi Guys,The last couple of nights have been great. I had sat down for a few hours and planned a exit strategy and  bussiness plan. I think i got a bit anxious becasue its my first bussiness. The bank said your not going down you just need to manage the cash flow better.So we have done a few things to make our overall cash flow betterPersonal cash…[Read more]

 Hi Terry,At 27 i am being tested. I have learnt alot in the last year in owning a bussiness. There is no equity in the bussiness becasue we have only had it for one year. Our Home is being used for secuirty and we are trading as a company under a trust. what do you mean by should be very careful now that you do not commit any illegal acts such…[Read more]

xdrew wrote:
With loans … its a market and you gotta remember that.Someone offers .. and someone accepts. People tend to think the banks are the only people offering money.A couple of my recent deals are boring on paper but exciting in fact. I went around the student units in melbourne (you know the 'unsaleable' ones) and just ticked the ones…[Read more]

Hi Guys,This is such a common issue at the moment. I work full time and my wife owns a small bussiness as well. We dont have much debt but banks have tighten up 100% i think some times its a good thing. If the banks are ledning money ask why? and then fix it….Good luck

Hey guysWe have all made losses. Its not easy no one said it is. But in bussiness we cant always win. Investing is not just for people who want to win. Its about learning.If your painting a room and you fall of ladder what do you do? You get back on the ladder and start painting again. Turn this loss into a lesson and turn this lesson into ma…[Read more]

Hi Sam,This is a very common problem. I had the same problems with a property i had in Melbourne. I worked in real estate and last year i started to notice the market really slowing down so i sold and just broke even.There are alot of homes out there on the market and alot of homes out there to be rented. What can you do!!1) Take your home of the…[Read more]

Hi Everyone, I used to work in real estate and I remember for a good couple of years the demand was very high and supply was very low.  It’s true that a lot of the buyers where Mum and Dad investors who got caught up in wealth creation “etc”. Why has the market slowed down? This is just my opinion I am no expert. 1)      Price of  homes are still o…[Read more]

Hi
I have looked at this before. The only thing that stoped me moving foward was that all the banks have therw own atms and peoole always.want to use atms from the bank to avoid fees. So not a good option plus there is no capital growth

colinnewland wrote:
Can you add value to the business? Reduce the floor space you need and rent out the remainder.Refinance the loan to an interest only loan; that will reduce your monthly payments by about $2,000/Mth. = cash out reduction of 25%…not to be sneased at. This will also make it more attractive to a buyer if the business cash flow…[Read more]

 I agree with both. We have put in the market but its been slowany one want to buy it lol