sis,

Thanks for the accountant dude’e details! This is- an accountant is not like revealing the details of a CF+ IP. Noone is gonna steal him from you. A good accountant is like a good QS or a good solicitor.

I bet if people tell Tony they were recommended by you sis, then Tony will probably give you a big discount on your bill this year!…[Read more]

Richmond,

I hadn’t read previously about your father- it’s a sad story :o(

I agree with you about living well today. I remember those old wive’s tales about these old men living a pauper, but after they died, they were found to be a property millionaire! But after having spent so much time on here, I wouldn’t be surprised if that’s the way…[Read more]

PG,

Everything we write here is our own opinion :o)

Thanks for the recommendation of accountants- i believe i have an exceppent one in wollongong too- but I guess I’ll find out this year- this is gonna be the “year of kay henry” in tax terms, I hope :o)

I have no doubt that accountants would be stoked if they were recommended- more business for…[Read more]

Rancid said:

“Is this book for anyone, or only for those that are prepared to live an extremely frugal lifestyle for as long as it takes.”

Rancid, funnily enough, I got asked about this question by my mother recently. I told her I had had some drinks with some property investors and she said they must be rich with that amount of properties. I…[Read more]

Mini, no I don’t feel conditioned by the media.

Basically, with a lot of the stories they do on the current affairs programs, people write or ring in to tell them a story. It’s not like the program just runs all over australia snooping into people’s homes to find something controversial going on.

So if i have a RE story- ripped off by a guru,…[Read more]

ok sis, as the person who started all of this, I’ve had a look at what’s happened…

Basically, the questions were asked about tax and hecs, to which people put forward their opinions. It doesn’t matter whether people believe in the payment of hecs as a responsibility (I say flick HECS- we should be educated publicly- but that’s easy for me to…[Read more]

Pisces

I would still like to get properties under 100K- preferably under 80K- that’s my comfort/risk level. I am into buying units, but i don’t wanna buy places that are built pre-1980- it’s buying into trouble, in my opinion. So I’m pretty limited in what I can buy now.

As for CF+ properties, well, I can see the benefits, obviously :o) But at…[Read more]

For those interested in the philosophical approach of Sugars, he is the guy who is into “death, drought, divorce, desperation” as part of his philosophy on how to buy undervalued properties. A quick google search provides the following…[Read more]

Elves, you would have course been invited for a drink :o) Anything I go to is an open affair- not a private thing.

Elves- those fellows- sis and Chan and PG, and Pisces too, I believe- do have get togethers – meetings- to discuss property, and I think they have them regularly ) Why not private sis and ask him when they’re meeting again- he’s a…[Read more]

FatBoy said:

“We have seen the inner city unit market cop a hiding lately, but blind freddy could have seen that coming. I just wonder will it reach out and hit harder than most of us think ??”

Fatboy- it’s interesting about innercity pads… on the one hand, we are told not to buy into them and the banks are reflecting this by having higher…[Read more]

I take that as a no. [] o fozzy bear for you, my friend!

Re this “action” thing. We;ll, some of us can;t afford to buy an IP every pay day. You can’t expect people to run off and spend 100k every day! You godda be patient. There are probably 10,000 people on here who are gonna buy a property tomorrow… but there are another 10,000 who might have…[Read more]

Celivia- in relatoin to your other Q about the prop value being less than the purchase price… my information is that vals depend on LVR. If your LVR/equity is reasonable, i don’t think the banks even require a valuation.

Bank valuers work on markets too- thew valuation will come back with comments about the location being a “rising market” etc.…[Read more]

Celivia :o))

Many of the coy’s that give valuations differ in their estimates. domain.com.au gives val’s as does PI mag, and many other places- they differ widely. I guess only the valuer-general’s office has the “true” data. Dunno if that’s residex’s source or not.

I am with Simon- “market value”. Past sales do not indicate future values, I…[Read more]

elves, I don’t know much about property, but I can do a mean fozzy bear impersonation. Can come along to your new club??

kay henry

Mel,

I’m not suggesting they’re con artists or insincere :o))

I just prefer the seinfeld episode (on last night) on mentoring.

kay henry

http://www.wildlywealthywomen.com

Yes for only $2995, you get your very own mentor!! And you get your story published in a book! The authors won’t even have to write the book- you will be!! and they get the profits- wow- this just gets better and better.

Isn’t it marvellous these women mentoring us for only $2995.

Guru schmuru- save your 3000 bucks…[Read more]

Thanks sis :o) As all my rents go to the mortgage, I sometimes find it difficult to find money upfront to do these “extras”.

I also find that, given we only get back 1/3-1/2 of expenditure, I wonder sometimes if it’s worth it. I’m happy to go on hols so I get something out of it, but extra trips- at only half back- are just more out of pocket…[Read more]

sis, how do you afford the upfront money to go and visit 13 properties all over Australia in one year?

kay henry

I said:

“a sex toy (bloody inappropriate gift, but I’ll use it anyway)”.

I meant, of course, that I’ll use it as an example… [?]

I couldn’t find my edit code!

kay henry

ok, so i give my accountant or PM a sex toy (bloody inappropriate gift, but I’ll use it anyway) and it costs me $100. Now why would i do that when I am only likely to get $30 back from the ATO? Am I wrong again, or is ridiculous to spend all our profits on “gifts” for others? Isn’t property about gaining a lifestyle? Not about giving gifts to…[Read more]