Forum Replies Created
Dear All,
1. My ability to invest in Australia would be slowed down if the negative gearing tax benefits is removed.
2. Will this happen in the near future? Quite unlikely, I think;- in view of what has happened in the past.
3. Furthermore, I do not think that the Australian Govt wants to singly shoulder the responsibility of providing subsidised housing for its poor people, by itself. It wants the Australian people to help out and for this reasons alone, I think the Australian Govt is unlikely to remove the negative gearing tax benefits in the near future.
4. For your kind update, please.
5. Thank you.
regards,
Kenneth KOHOriginally posted by cheesy:4. It is NOT A CLUB. They are a business which makes money. But if it didn’t make money then it wouldn’t be around. At least with the Investors Club they are there to help you, and guide you. But they do make money from every property they sell. They make their money from the commission of the sale of the property. Do your homework and ask lots of questions and seek independant advice if you are still not sure. I had no problems whatsoever and my support member was honest and told me everything upfront.
Cheesy
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Dear Cheesy,1. Does your support member project himself/herself as the average working Australians with full tim eemployment and where property investing is a secondary activity or do they openly tell you that they are being employed by the Investor Club and Kevin Young as an employee?
2. I’m curious to know how the Investors Club actually operated itself as I am still trying to learn from them.
3. To a certain extent, I can agree with you that the Investor Club is, in essence, really a some sort of real estate marketing business outfit. However, it does not want to protray itself as such.
4. It seems to me that the Investors Club is trying to project itself as a non-profit organisations where experienced property investors are always there to help the new investors to SAFELY invest profitably over time.
5. Do you share the same kind of feelings that I get, as one of its club members.
6. Looking forward to hearing and learning from you soon.
7. Thank you.
regards,
Kenneth KOHDear Baloo,
Thank you for further sharing your thoughts and experiences with us.
I am much indebted for your education.
Thank you.
regards,
Kenneth KOHDear Baloo,
Thank you for sharing your experiences with us in this forum.
I am also looking forward to hearing/learning from Meilin08’s differing views too.
Thank you.
regards,
Kenneth KOHOriginally posted by baloo:But in saying that, I have a couple of agents looking out the CF+ for me. When they pop up I am happy to do the necesary DD and I’ll be happy to invest if the fundementals are right.
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Dear Baloo,1. Can I humbly ask what exactly od you mean when you said that the “fundamentals are right?”
2. In your context, how do you define “postive cashflow” for your porperties in Singapore?
3. Looking forward to hearing and learning from you again soon.
4. Thank you.
regards,
Kenneth KOHOriginally posted by baloo:The day of the expat on a full expat package is gone. Most foreigners here today are on local or semi-local terms. Gone are the $14k monthly housing allowance for the most part. It’s not easy being a landlord now.
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Dear Baloo,I agree with your views.
Thank you.
regards,
Kenneth KOHOriginally posted by baloo:There is a glut of apartments on the market and it’s most definitely a renters market. Landlords are desperate to get people in and during our last apartment search, 4 months ago, we had prices tumbling 30% from their advertised prices, and these are apartments we looked at because we felt they were realistic prices for the condos they were in.
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Dear Baloo,1. In general, I agree with most of what you have said in your post, as a local Singaporean.
2. Can I humbly ask for your source of your data and the apartment unit projects which you are referring here in your post.
3. This is for my own self-education, please.
4. What do you say about this morning report in the Singapore Business Times about “specu-investors” making 50% gains on their on-sales for their off-the-plan property purchase in the “Sail” and the Sentosa cove Development Projects? I hope Meilin08 can also further offer her own her views and experiences on this subject for the members’ further discussion.
5. Thank you.
regards,
Kenneth KOHDear All,
1. I consider the following people as my defacto “mentors” for property investing in the Australian residential estate
(though they may not neccessarily agree that I am their mentee):a. Jan Somers.
b. John FritzGerald.
c. Rory O Rourke
d. Olly Newman2. Other people whom I look up to and enjoy learning from include the following:
a. Michael Yardney
b. Bill Zheng
c. Steve Navra
d. The Reno Kings
e. Margaret Lomas
f. Steve McKnight
g. Kieran Trass
h. Scott McGeeveras well as members from the Jan Somers Forum who are also members in this Forum, though.
For your kind update, please.
Thank you.
regards,
Kenneth KOHOriginally posted by meilin08:Hi Chief Wigam,
Districts 9 10 and 11 are in Orchard, Tanglin
Holland and River Valley. Very expensive areas.Good idea investing your rental allowance into property.
I think condo’s around the 2 future casinos will do well. The Carribean/ The Berth/ The Sail at Marina Bay.
We bought into The Berth.
Websites to look at are: http://www.8links.com and
http://www.condo.com.sgGood luck, Mei
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Dear Mei Lin,1. Location-wise, I can agree with you that investing into these projects will make a quality buy.
2. My only concern is whether these projects have been “over-priced” under today’s weak market conditions/sentiments to a certain extent?… What is the market speculation fever fails to materialise to the same level which you have anticipated?
3. The only thing which I can be sure about is that the Singapore Govt and perhaps also the developers of these projects will emerge as winners, when the investors start to buy into these projects.
4. Whether or not, the small investors will be able to eventually make their desired monies or not, on their property investments through such projects, I will be less sure of myself, at this point in time, as I find that the critical mass demand is still quite lacking and elusive presently.
5. The way I see it now is that the various property developers together and a very small select group of property investors are trying very hard to talk up the Singapore property market through the various soft launches and selective media reports despite the huge condo unit oversupply coming in, over the next few years.
6. Not surpisingly, we are presently restricted only to talking about the uppper end of the private condo market at this point in time, rather than the mass market private residential condo market.
7. For your kind update and due considerations, please.
8. Thank you.
regards,
Kenneth KOHDear All,
1. I have subscribed to CWB and read John FritzGerald’s book, “7 Steps to Wealth”.
2. I find that what John FritzGerald shared in his book and seminar to be both informative and educational, and I am using some of his ideas to develop/adapt for my own property investing strategies. I do find that they work in my case.
3. I have not purchased a single property through CWB though, despite having met up with 2 of different consultants twice in Perth in 2005, to review my property portfolio and property investing strategies. They both agreed that I am doing the right things for my own property investing and leave it at that. They did not recommend me any properties to purchase nor pressure me to purchase anything at all.
4. So, I do not understand why some members in this forum are so cynical about John FritzGerald. Or am I mssing something here that I do not know yet?
5. Looking forward to your feedbacks and further comments, please.
6. Thank you.
regards,
Kenneth KOHOriginally posted by simpst04:has anybody heard of, or had dealings with the investors club?
it seems to me like they have the right idea of positively geared property, but i dont really like the idea of them purchasing properties off the plan.
does anyone know if this group has some sort of vested interest, because their website says that the services they provide are free, so what do they get out of it?
some advice would be apppreciated because my dad seems determined to get in with them, but to me it sounds very speculative.[angry2]
thanks everyone, and happy foraging.[buz2]***************************************8
Dear Simpst04,1. I’m presently one of their club members in Perth. However, I have yet to purchase a property through the investors’ club myself, as I am trying to understand its operations myself and how they do their research and put forward their recommendations regarding the recommended properties and their sale pricings.
2. Neil Jenman has criticised the Investors’ Club and its founder, Kevin Young, recently, over some negative reports of ALLEGED “over-pricing” over a property purchase made by a club member. You may want to visit his website at http://www.jenman.com.au.
http://www.jenman.com.au/NewsArticles1.php?id=151
http://www.jenman.com.au/NewsQuestions1.php?id=1913. Apparently, I suspect that there was no complaint to ASIC to date by this unhappy club member over the same incident, though. This was despite the a/m strong exchange of words via emails between Mr Neil Jenman and Mr Kevin Young over the issue.
4. “Off-the-Plan” property purchases? No, I have not been exposed to such recommendedation in Perth at all.
5. For your kind update, please.
6. Thank you.
regards,
Kenneth KOHOriginally posted by Tools:I am like Melbdude,and don’t really know what this is about.Is it just Jenman’s method of conducting his business that is of concern,or is it his system? I recently sold a property through a Jenman agent.The property was a problem child that I had listed with another agent for no result.I listed with a Jenman agent and it took quite some time,but they didn’t give up and eventually sold it for me.The advertising costs over that period would have been quite a pretty sum,which I paid no extra for,so for me it was a good result.But then I was dealing with a Jenman agent,not Jenman himself.
Tools
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Dear Tools,1. To “balance” your views and put things in proper perspective, unfortunately, for me, I have a different experience, dealing with one of the supposedly “Jenman-endorsed” RE agencies, such that I have to take my property off their sale listings and then give it to another non-Jenman RE agency who evenutally sold off my property for a good price.
2. For your kind update, please.
3. Thank you
regards,
Kenneth KOHOriginally posted by MichaelYardney:Rents always drop in winter and go up 10%-15% in summer. It’s the old storey of supply and demand.
This pattern happens every year.
Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 10,000 readers each month.
FREE subscription http://www.metropole.com.au**********************************************8
Dear All,1. I can agree with Michael is saying here.
2. I used to rent-live in a lovely oceanside 2-bedroom apartment unit in Scarborough, Western Australia, for $220 per week from July 2005 to Sep 2005. The same unit is now being rented for $500 per week for the holiday-makers market.
3. Although I have moved into a smaller 1-bedroom apartment unit in the same complex, it now costs me $280 per week, much more than what I have been paying for before.
4. For your kind update, please
5. Thank you.
regards,
Kenneth KOHOriginally posted by Dazzling:Absolutely Redwing,
I think in WA we are seeing general rents rising by 5 or 6%…about time too. Tenants have had it far too low for far too long.
Personally, I’m negotiating jumps ranging from 12% up to 60% on past leasing levels that were woefully inadequate.
Corporate profits are up, especially in resource based businesses, and they don’t mind a bit securing properties with higher rent levels.
It’s all good from my end. Thank God I don’t own anything in the Eastern States.
Cheers,
Darryl Moore
“No point having a cake if you can’t eat it.”
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Dear Darryl,1. Just to confirm what you are saying, I’ve just increased one of WA IPs rental from A$240 per week to $260 per week in July 2005. My third IP is presently being rented out at $280 per week since Sep 2005 and I will be targetting to put my 4th IP for $300-$320 per week in 2006 once it is completed..
2. So , in a way, we can say that the rental rate is rsiing to catch up with its Eastern States’ counterparts.
3. for your kind update, please.
4. Thank you.
regards,
Kenneth KOHOriginally posted by kay henry:X,
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 people degenerating Neil Jenman.
As for me, I think the guy is a person of high integrity- he’s also witheringly funny- refreshing in an industry where people can take themselves so seriously.
Thanks for posting the link to his website, X. Whilst people may criticise him, most people I know read his site- it’s good to keep up with what scams are going on. Jenman’s site and ASIC’s site are always a good read.
kay henry
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I agree with what Kay has said in his post.
regards,
Kenneth KOHOriginally posted by Dr.X:Hi Steve
OK, no more about Jenman on this forum, unfortunately he does not have the same respect for you or for anyone else who does wraps!!!!
You make money selling wraps which to him is unethical, he makes money selling controversy, THAT is his money making strategy,
HE SELLS CONTROVERSY
How could you discuss his strategies logically without getting angry!!!!
I would rather not discuss him at all, its a waste of time and I would rather focus on buying the next property (and wrapping it!!!!)
We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
[email protected]
phone 0412 437 582*************************************888
Dear Dr X,Simply because Jenman is “anti-wrapping” and you are “pro-wrapping”?
I heard and understand that WRAPPing is legally not allowed in certain Australian States but not all the Australian States. Can someone please tell which Australian States allows and which one does not, please?
3. Thank you.
regards,
Kenneth KOHQuote:Originally posted by TMA:I think the idea is not attacking anyone’s personality directly but rather focusing on the ‘Jenman System’.
We all know the ‘System’ is a joke!
[purple]
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Dear TMA,1. Why do you say that if I may ask?
2. Thanks.
regards,
Kenneth KOHOriginally posted by Milly:Have 2 ips and heaps of equity but unable to finance a loan as I work only casually boohoo.
tis a good thought provoking post
milly****************************************
Dear Milly,Have you considered No/Low Doc Loan? JVs?… JV with Bob perhaps as he needs a partner strong in cash?
Cheers,
Kenneth KOHOriginally posted by g7:The reason I’m not buying at the moment is because I’m solidifying my financial position and I beleive that better buying is down the track a little. What I mean is that what I want to buy now for say $200k, I sincerely believe I can pick up for say around $170-180k within the next 12 months. And probably even cheaper within the next 2 years.
G7
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Dear G7,1. Which property market are you referring to?
2. What is the rationale for your belief?
3. looking forward to hearing and learning from you, please.
4. Thank you.
regards,
Kenneth KOHOriginally posted by Wake:I guess the reason we’re not buying in the next few weeks isn’t so much a problem that can’t be resolved but rather sticking to our goal.
Next week we are going to Qld to plan a cosmetic reno on a place we bought 13 months ago which is needed to move it from 1970’s to 2005! The extra equity from that (not to mention rent increase!), in conjunction with the valuation after completion in January of a house currently under construction in Cairns, should give us enough equity in addition to our current equity to enter into a development deal, either as a JV or on our own.
This will be our 11th purchase/deal in 2.5 yrs. We plan to try this as a way of working towards replacing our wages, instead of relying on the buy and hold and working for another 20 yrs!
Wake
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Dear Wake,1. Well done! My congratulations, please!
2. Staying Focussed on your goal! Excellent.
3. Doing renovations to actively replace your employment wages … right path to financial freedom in a shorter time, than by relying by “buy and Hold” property investing strategy.
4. How’s the Cairns property market now? Herron Todd White Valuers research reports the Cairns property market as peaking. Do you agree?
5. Looking forward tohearing and learning from your you soon, please.
6. Thank you.
regards,
Kenneth KOH
