Oh no, I think that positively reeks!! [] Not regulated by government – 3% per DAY? I can’t even begin to work out the annual return on that one!! Sounds like you deposit (and hopefully for the promoters – hundreds, nay thousands of others) ghe $20 into the account, they use your password, and withdraw your $20, and everybody elses, and then…[Read more]

Good on you Bill, sounds like you have had a varied life!!

I miss Pinky I’m still catching up in the General Discussion and all new forums, but she was a lot of fun in Forum Fun.

Arty, and all other Artys that help him get his posts up [](if they know you I reckon they must know Pinky) can you see if Pinky will come back.

Cheers
Mel

OK, apology in advance for being negative…

We have just sacked our agent, and then they told us that there is a 90 day notice period (standard is 30), AND that we have to pay them a 2 week rent fee per property that has a fixed term tenancy. One of the properties fixed term ran out on 3 October, but on our statement that we got this week,…[Read more]

Hi George
I have been to Henry’s seminars. I think it depends on your definition of a scam really. He charges an awful lot of money for his courses, but I think part of the reason he does is to get serious people in. There are serious problems with the people that sign you up to do the courses though – they’re just salespeople who will do…[Read more]

Wow richmond that’s dedication – either to work or to living in the home you want, can’t quite work out which…

Cheers
Mel

Nah, I reckon we were just thinking – ‘Kiwi, yeah that sounds about right – he either got it totally wrong, or it’s true – either is possible!’

Cheers
Mel

Hey lister
I am on less than $55K and have quite a few investment properties. I have never purchased my own home, but have lived with parents, and my partner, and now with parents again.
I guess it depends what your goal is. You have a good deposit saved (inherited?) up for either purpose. If you have no debts, you should qualify for finance…[Read more]

Monique Wakelin also writes a lot of articles for Australian Property Investor. Haven’t been to any seminars, but did read Streets Ahead and would recommend it.

Cheers
Mel

Hey Mini

Me too! I thought I understood options until these guys started talking about them!!

Cheers
Mel

From memory I think the new Virgin card has a lot of what you are after. Check out the website http://au.virginmoney.com/virgin/publish.nsf/Content/VM+HomePage?OpenDocument&source=199

Cheers
Mel

There’s a bit of a similarity though Westan – you guys had big bad lions chasing poor little magpies!!

Cheers
Mel

Go the panthers – I don’t like Brad Fittler, although it’s a bit hard cos dad loves Easts, but too bad!

You could look at Dolf’s website http://www.dolfderoos.com, or alternatively http://www.powwowevents.com.au also sells his stuff, robert kiyosaki’s, and john burley’s to mention a few.

Personally I found that Dolf’s other books were a bit thin for the dollars, but they had some good examples of what people have done, including himself. He has written two (I…[Read more]

I suppose you would not invest in 2nd mortgages through Macquarie Bank, not without sleeping pills anyway? You can get capital guarantees from companies like Lend Lease – do you think they’re going bust in a hurry?
We are doing the same research that they do, and in fact some of the people we are talking to also borrow from Macquarie, but get…[Read more]

Don’t need sleeping pills. As I said, it comes down to your research, and making sure that there are enough assets to back up the guarantee.
They are short term loans, and all other activities being undertaken by borrower are also considered in our research.

I’ll go to sleep counting my money!

Cheers
Mel

Sure guys. More than happy.

Cheers
Mel

We purchsed a unit (off the plan) in a new development of 119. Too big a number, and certainly wouldn’t want to do it again. There are still about 15 vacant, looking for tenants.
I had a couple of strategies for advertising, and thought that I would run an ad in the paper using Steve’s movie tickets advice.
My prospect saw an internet ad rather…[Read more]

Hi all

I think the quote muppet provided by Andrew King has some validity. He says to work out what yield you are looking for, and then apply that to work out the price you are willing to pay.

Fair enough. Steve McKnight maintains the 11 Sec Solution is a ‘filter’. He uses it to indicate what properties in all likelihood will be positive…[Read more]

Noting that the costs above suggest you need an income of at least $2000 to cover fees, surely even if you only had $10000 invested which earns 21% you come out in front. Which is still better than commercial funds which are negative, plus fees.
We started with $30000, and only made $3000 in 6 months, but will be making 30% return on our cash for…[Read more]

Hi guys

I think what we’re seeing here is just a different ‘niche’ – sick of hearing that word actually – that George is following. Obviously very successfully too. The “Bank of Mum and Dad” helped me with my first deal (bummer it was a two tier marketing spiel for QLD, but i learnt heaps down the track!). Without them I would probably be…[Read more]

Hi lynnem

Not a bad strategy, but the ATO will look at it as a business if you do it too often. I would recommend – if you are doing it with a partner, alternating name on title for each one that you do. This may then mean that there is one in your personal name every couple of years, and doesn’t ring as many alarm bells.

Cheers
Mel