“And one of the symptoms of cult membership is a refusal to acknowledge that what you are involved with may be considered a cult.”

hehe. So if I say I am not in a cult, that merans I am in a cult? So all I have to say is that I am in a cult, and then I would not be in a cult, right? Sorry, that kind of logic is like witch burnings. If…[Read more]

kay henry

I am not a believer in sharing of finances. Every risk I take and buck I spend is MY worry, MY concern, MY loss, or MY profit. I don’t think a partner should be convinced or cajoled into investing with another.

I think you can invest your own money into your adventures and ventures. If you make money, then you can have time and money…[Read more]

Whilst I see where you’re coming from, I also think one is better off taking a little time and learning all one can about, for example, real estate, before jumping in and making too many mistakes. So, let’s look at it this way… your averasge person may be better off buying two properties over two years- but purchasing really well, than…[Read more]

I think you’re in a pretty good position, although you sound like it’s a bit tiring for you- and no wonder. Investing, working and raising 4 kids can be pretty tiring, no doubt.

You have $1 million assets, and 300k debt, so you have 700k equity- pretty good position to be in, I think. Your biggest assrt is your PPOR, but if you want money…[Read more]

It sounds like there were many holes in this purchase. The first thing you could have done was checkc who was tenanting the place and what date they would be vacating. It seems as if your lawyer was not communicating with their lawyer. Your lawyer sounds pretty slack. Thing is though, your lawyer is there to advise you, but you signed the…[Read more]

I usually run ideas by my family, my ex- who is also involved in property, and a couple of close friends. I like hearing the ideas of people who know me well. Those people are not merely interested in the numbers- they are also interested in *me*. If I ewanted mere affirmations, I would be able to find plenty of them- sure, why…[Read more]

I hardly think this is abuse:

http://www.jenman.com/NewsQuestions1.php?id=177

And it’s published on his website, so there would be no point in anyone suggesting it be “taken to the media”- it’s already there for anyone to see.

Unfortunately, Steve, your post saying posts that degenrate Neil Jenman will be removed have, predictably, led to…[Read more]

Not one for hitting the girls as a couple of you ladies are reasonably smart investors.

here to help

HA! [lmao]

kay henry

http://www.news.com.au/story/0,10117,16368427-29277,00.html

I was just talking to a friend of mine about…[Read more]

Things sound a bit tough, but not having a tenant is something we *always* risk when buying a vanilla residential property. Presumably, as others have said, just keep putting the rent down, and you’ll get a tenant- meanwhile, it’s wise to have reserves. Can you pay it off if you don’t get a tenant for a year?? It could happen.

A couple…[Read more]

X, as far as apologising on my behalf- hehe- please don’t.

I am happy to go along to anything at any time- unless I feel it’s obviously unethical (and I don’t think NLP is) but it doesn’t mean I…[Read more]

So far as I can see, the upsell is to become an NLP practitioner/instructor etc. It’s a free weekend thing. I have tickets- dunno if I’ll go yet, but I quite like culty stuff Lots of people get hooked on NLP just as they get hooked on religion, etc. Anyone would be mad to go for the bigger upsell unless they intend to become one of those…[Read more]

Thanks for the heads up, Techno, One can also read up on this…[Read more]

How do these companies “approach” people? How come I am not approached by wealth coaches as I walk along the streets? Is it because I look like this? [mad]or is it because when I see them coming, I do this? [curtain]

ahh well, at leat the company got some free advertising from this thread [gossip]

kay henry

I think the thing to do would be to find out if anyone has ever done one. Gurus can market them and say how great they are, but in my reading, they are really not actualised. One can market anything, and people can even get tenants to buy into them, but how many actually come off, with the tenant actually buying the place?

Check out rick…[Read more]

” ASIC is after Jamie becoz he wont play by the rules thats all.”

Perry, people HAVE to follow the rules- laid down by the Corporations Act, the Trade Practices Act, etc etc. If you’re dealing with money and “advising” others about it, then you have to.

Anyone who blindly follows gurus is pretty gullible. I have no doubt that Henry…[Read more]

kay henry

I reckon it isn’t hard to get carried away with the whol RE game and then be trapped into it, ie we do what we have to do to purchase and buy more, but then we have to stay doing what we are doing to maintain. Hence, a lot of people are “downshifting” and simplifying. I guess it depends on if you can maintain your income- from whatever…[Read more]

kay henry

I think you need to do your research on bankruptcy. Obviously, most people on here have not gone bankrupt, but lots of wealth gurus have. In fact, some brag about it as part of their marketing. [thumbsdownanim

Try this website for info on bankruptcy:

http://fredappleton.com.au/

kay henry

As Simon said, some people are constantly trying to spam up the forum- and using different names, making one post… it just becomes lame after a while.

If people want to advertise properties, they can do…[Read more]

Dunno why people want to spend hundreds of k’s on a house and drive around in a car that makes them look like a hillbilly, though. I thought investing in RE is supposed to make our lifestyles better?

kay henry

redwing, personally I prefer to deal with people who have qualifications- in any field they are working in- I believe it makes people more accountable- or they may be quality assurance…[Read more]

I’m not normally into testimonial type things, but I have found Scott of Depreciator very nice to deal with. I am very much into “customer service”, and I’ll always deal with someone who is sane, rational and patient- any time- over business people who have poor interpersonal skills. Scott’s a good…[Read more]

Congratulations, Jamie- you’re a star!

My kid looks like this: [mickey]

kay henry

kay henry

In some ways, a flatter market means IR’s remain low and can’t be too bad… (don’t hit me!) I hope a potentially reinvigorated NSW market doesn’t mean higher IR’s. Think about it: a 2.25% rise in IR’s will be the equivalent of the vendor duty.

kay henry

I think sometimes it is better to get a job as a paye employee- even though so many people on wealth forums slag off jobs… jobs making people just over broke and all.

Being an employee can have one paying more tax than a business person- but taxation rates have been reduced recently. Being an employee can have fixed hours, whereas a…[Read more]

With all due respect (because I respect you), it is not hard to:

“… learn how one man did one deal and took the rest of the year off.”

Lots of people on here make a one-year wage with one deal- via capital gain etc. One only has to buy well and sell well and one can make 60k etc for one year. (I think one would be mad to put one…[Read more]

you ARE the body corporate- as in, you are a mwmber of the governing council, and have voting rights. Have you got a position on the BC? Perhaps you can put your name in, so you feel you can have more direct decision-making power.

How many units in the block? I can imagine with a larger block, there may be more cowboys to argue with.

kay henry

kay henry

Inventing testimonials is an old trick- and a very boring one- i don’t think anyone falls for it anymore. Probably the best testimonials are ones you can check. With REAL stories, I think anyone would be mad to make stuff up- although Kiyosaki did, and so have a lot of other gurus- particularly about their portfolios.

Really, it’s…[Read more]

I think we have different experiences in what our degrees have provided for us- vastly different experiences. Horses for courses.

oshen- the woman who is working on the minesthat I know of- she is cooking and she said some of the other women there (wives) are cleaning. She said that some of the woimen are only doing it because they’re…[Read more]

“If you want the nice city life with a fluffy cushy job that pays under 30K p.a., don’t start complaining about the low pay if you aren’t prepared to put in the hard yards..”

Actually, Dazzling, I have ther idea that it’s often the hardest work that’s often the lowest paid- well, I think that used to be the rule (the generality).…[Read more]

Problem is- for…[Read more]

Yep= way to lose friends and influence noone- see all as your potential downline- and those who say no are losers… The question is- do you want to come out of this “business venture” with any friends left at all?

I think MLM is about 30 years too late- noone falls for it…[Read more]

It’s usually older properties that are CF+. Try finding an 80k new house with 160 bucks rent a week. If you can do that, then buy it. I don’t see any new houses around that are CF+, but if you do- then I’d say go for it

kay henry

I love this quote, Dr X:

“…or you know in my…[Read more]

I’m not a fan of the doorknocking approach- I reckon it just leads to disappointment- I’ve never met anyone who got a job in 2005 by walking business door to business door- sorry, crest- perhaps your experience is different. Same with just contacting one of the job broker companies- waste of time, in my opinion. when I say these approaches…[Read more]

[thumbsupanim]

kay henry

I reckon keep the toys that make you happy, keep paying down the debts for them- that’ll keep you disciplined; and keep doing the savings that make you keep your feet on the ground.

Sell off the toys when and if you have to- if it all becomes overwhelming. 25k debt is not an extraordinary amount- it’s really about the cost of an average…[Read more]

A second job will not be taxed at a higher level if your first job is poorly paid. All work is taxed at income levels- not on how many jobs you have. Add the incomes of both jobs together and then go to the ato.gov.au website to see what is the appropriate amount for you to be taxed at.

Yasmina, having a second job would NOT impact…[Read more]

Thanks for the link- how do you find such stuff- it’s gold! [cap]

In Australia, one can’t use the term “University” unless it’s accredited. I always cringe when I see spruikers overseas call their seminars “Universities”. I also cringe when I see gurus here call their courses “Masters” courses. Graduation from any old thing is too easy…[Read more]

Really, we all have autonomy when making choices, and there is so much oversupply now, one can pretty much choose one’s own price. Perhaps the owner should have sold…[Read more]