Hi all,

It is really another tool … just like a formula one technician has all the right tools for the job…. they know in very intimate detail how each system and sub system and how it operates (Air System, Fuel System, Electrical system, Braking system, Transmission System, cooling system, Lubrications system and so on…) and interacts…[Read more]

A Big Thanks to Bec…. I think the moral of the story here is to make sure you do “Extreme Due Diligence”…. Comb all contracts for “Fishy” clauses…. and get an independant Valuation for yourself…. although this may not protect you 100%… as even valuers sort of use crystal balls to ascertain values (especially if there have been no sales…[Read more]

Hey There Bec….

It seems like there may be very good reasons for your reponse. May we ask you to share the experience that you may have had to give you this view?
I am sure we would really value your shared experience and give us some real food for thought.
Cheers,
Kiwi
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I would find out what the last offer was and when that was??
Get your pest inspector that did the report … to give you an estimate on cost to do repairs…. then offer to pay what ever price you decide is fair and then conditional to the eradication by a mutually agreed pest company … then you will get your guys to go in again and make sure…[Read more]

I agree with Terry….To a point.. Alarm bells a ringing here….
I think you have just signed up to give the bank the right to pull both properties from under your castle if you default on either contract….. Most common trick in the bankers book of dastardly deeds I am afraid!!!
Hope you have not gone through the whole process yet or if you…[Read more]

Errm … dont know if this will help …… but perhaps try it anyway …. John Burley has a great Debt redution tool (Weapon) called the “Debt Terminator Plan”
http://www.johnburley.com/free_downloads.html
Worth a shot…
Best of luck!
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Kiwi

I also suggest self education …. best investment you can make is in your own future !!!!

Best of luck….
Ps. If you would like a few good bools that I really enjoyed…not in any order of prefference:
Money Secrets of the rich – John Burley
Powerful Changes – John Burley
Rich dad Poor Dad – Robert Kiyosaki
Cashflow Quadrant – Robert Kiyosaki
0…[Read more]

Hi Mika,
“I also heard the Earth was Flat!”

Do some research and ask some more questions……

Many people have many opinions….. trick is too learn…. then REsearch… then ACT!!
Best of luck
Kiwi[]

Hi Rachel,

I know you have a lot on your plate at the moment …. but there are other possible solutions to give you a lift….
You could: Wrap your house and instantly increase your income….. you could use a lease option which will do the smame thing and give you capital growth if the option is not excersized… you could find a private lender…[Read more]

And when agents tell you “We Don’t do that here!” or “There is no way the Vendor will take that!…..
Don’t lose heart….. stick with it and watch things change….. try taking down notes on how many offer to how many maybe’s to how many offers accepted ….. !!!
This will give you your stats and then you can look as ways to improve them and get…[Read more]

Hi Lisa,

I think you had better ask our accoutnant for any references of people that they are doing the books for that are structured with positive cashflow properties…. If not …. I would seriously consider looking for a better advisor … they normally get cranky that you are rocking the boat … (normally because either they actually…[Read more]

I would get …
John Burley’s – Money Secrets of the Rich and put your structures into place…. set yourself up for the future so your can handle the finances and pressures of all the cash floating about you …. so you don’t get so giddy…..
As they all say “the rich dudes” —- money is easy to get …. but the real clever ones know how to…[Read more]

Hey There Benedict,
I think you need to get some advisor to give you good Tax and accounting advice …. based on your current situation and your future plans must be clear also.
Cheers
Try going to the Vendor Financing (Wraps) association website for some accountant contacts that may better understand your requirement
Cheers,
Kiwi
[:p]

I do not suggest an LOC … as they are designed to send people up @#$% Creek.
I would use the sellers equity for the 20% and then you can go to either a private lender or a traditional lender (depends on your exit strategy)…. If you need to access funds that are tied up in loadns … it is easy to get access to the funds in 2-3 days…. so it…[Read more]

Hi Geoff,

I have Ricks Pack and have found it to be awesome… it has all the legal docs also (Sales and installment contracts). I have also found that Rick is true to his word and you can actually get hold of him on his mobile number directly.
All the Best,
Kiwi []

Sit down with your current Accountant and ask then what they specialize in?
– Trusts
– Tax
– Mutual Funds
– Business Tax

…… Tell them you are concerned that you are paying for a service with them and and wish to find the right team to build your wealth creation tool kit.
Most importantly …. and this goes for any other future team adviser…[Read more]

I use Optus Cable and it sings like a kitten.
Most ISP’s (I work for the largest in the world as a pre sales technical engineer) contract customers to protect thier investment and budget with re-occuring monthly revenue streams. – Much like you will if you get ito rental or wrapping investments (either as a private lender -taking a 15%+ cut – or…[Read more]

I have to say I agree with Derek in principal. It always amazes me that people in the high tax bracket that I speak to are never looking at the finance situation themselves and considering making any “lifestyle sacrifices”….. I would suggest the following: (MY OPINION ONLY)
1. sit down and go into learning mode to find where all the money is…[Read more]

Hey Elves…… you forgot to add the smokes and beer…. most people my daughter hangs out with live like porpers….. not that there is anything wrong with that …. but we are realists. I did feel good when one day our daughter came home one day and said out of the blue ” You know Mum and Dad…. I am very lucky compared to my mates”…. we…[Read more]

Why Thank Ya
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