PropertyInvesting.com | MikeKelly | Activity https://www.propertyinvesting.com/members/mikekelly/activity/ Activity feed for MikeKelly. Mon, 13 Apr 2026 09:37:17 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a1e95107e73ecf61bda95ad74f78a9ac MikeKelly replied to the topic To Sell or wrap my existing investment property in the forum No Subject https://www.propertyinvesting.com/topic/4364865-to-sell-or-wrap-my-existing-investment-property/#post-4411878 Mon, 11 Nov 2002 01:40:27 +0000 Hi Wayne, the guys are offering good advice here.

One thing to keep in mind, it doesn’t make sense to sell a property that is achieveing strong capital growth. Ultimately, cashflow gives you lifestyle, but assets give you wealth.

I’d recommend using the equity in this property to fund wrap transaction. This will allow you to keep a property that…[Read more]

]]> 24400aef36296ef747ef9f46ae03b747 MikeKelly replied to the topic Recognition... in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4364860-recognition/#post-4411872 Thu, 07 Nov 2002 14:16:39 +0000 Steve, a HUGE congrats. Mate your time management skills must be amazing. You always deliver, haven’t let me down, or anyone else down that I’ve spoke to.

Congrats again, I hope your successful achievements continue to climb indefinately. Universal laws clearly state you get what you receive. You are always plentiful in your giving, and so you…[Read more]

]]> 86e2c561d58551613f05aa8685e02b06 MikeKelly replied to the topic 11 Second Solution - Step 1 - Is this Serious ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4364859-11-second-solution-step-1-is-this-serious/#post-4411845 Thu, 07 Nov 2002 14:09:54 +0000 Hi Guys, they are definately still there, but you have to look harder and harder to find. Have just bought 3 in the last 3 weeks. Keep in mind we are looking at property EVERY SINGLE DAY!

You’ll find it increasing difficult just to find them on the weekend looks, but they are still there.

We use this rule as a safety net for our wrap properties.…[Read more]

]]> a77419f357c4909e0d087e54f74ae13c MikeKelly replied to the topic Useful Links in the forum Heads Up! https://www.propertyinvesting.com/topic/4364758-useful-links/page/2/#post-4411355 Tue, 29 Oct 2002 14:18:51 +0000 Hi team, here’s a site that specialises in wraps in Oz.

http://www.PositiveCashflow.com.au

Hope it helps,

Mike

Remember, life’s about Family, Fun and Finance (probably in that order).

Mike
Director
http://www.PositiveCashflow.com.au
“Positive Cashflow for a Positive LIFESTYLE”
because
“Life’s too short to be Negative”

]]> 4026e83a20395b5a55acdb0c92ff68b2 MikeKelly replied to the topic Number 1 is done in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4364836-number-1-is-done/#post-4411769 Tue, 29 Oct 2002 14:15:39 +0000 Andrew congratulations, that’s AWESOME news!!!!

Even better that you can shareit with all of us. Nothng worse then having a HUGE win and having no bugger to share it with.

Here’s to many, many more.

Mike

Remember, life’s about Family, Fun and Finance (probably in that order).

Mike
Director
http://www.PositiveCashflow.com.au
“Positive Cashflow for a…[Read more]

]]> 52601216a3a80f219f1d63d85cfd0bb6 MikeKelly replied to the topic A question open for community discussion in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4364833-a-question-open-for-community-discussion/#post-4411742 Thu, 17 Oct 2002 22:18:29 +0000 Hi Guys, I think it really depends on where you’re at financially at the time. In the early days, my mindset tells me it makes sense to have cashflow first as it’s generally “guaranteed”, and it increases your servicability for further loans. Keep in mind I didn’t have a lot of money when I started so I had to enter at a level I could afford. I…[Read more]

]]> 0941c921cdbf89e862b18a1dc0a7959b MikeKelly replied to the topic PROBLEMS WITH WRITTEN OFFER in the forum No Subject https://www.propertyinvesting.com/topic/4364805-problems-with-written-offer/#post-4411625 Mon, 07 Oct 2002 23:57:24 +0000 Hi Sooshie, no offence at all. One thing about property investing is you grow big shoulder and a healthy self esteem.

I actually hate the word “weasel” as it sounds a little derogatory, “safety net” clauses or “fall-back” clauses are nicer terms, but they still give you the same protection.

A side note. I just secured a deal by writing a written…[Read more]

]]> 9ffb0ef9c792d4c1cab2fdb34dfc6ac5 MikeKelly replied to the topic Henry Kaye course in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4364819-henry-kaye-course/#post-4411656 Mon, 07 Oct 2002 23:43:10 +0000 Hi Louise, first I need to say I haven’t attended or completed any of Henry’s courses or seminars so my comments need to be taken with a grain of salt.

That said, I have followed forums for a while now and Henry has been the subject of discussion both positive and negative. Keep in mind, any information posted on a forum is subjective at best…[Read more]

]]> f7ef55aea9d4919cbd8312e7f25c630b MikeKelly replied to the topic PROBLEMS WITH WRITTEN OFFER in the forum No Subject https://www.propertyinvesting.com/topic/4364805-problems-with-written-offer/#post-4411623 Sun, 06 Oct 2002 03:00:22 +0000 Hi Tim, we banana benders are a crazy bunch. [:)].

Thanks to the two-tier rubbish that gave QLDers a bad name, our contracts now have a 5 day cooling off period as well. As Soosh mentioned, the wiesel clauses are still valid on your contract.

In Qld, building/pest and finance are already written into the standard contracts supplied by the REIQ, so…[Read more]

]]> ffe940cd0288ce9453a9a901d8b38d51 MikeKelly replied to the topic City vs Regional wraps in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4364808-city-vs-regional-wraps/#post-4411638 Sat, 05 Oct 2002 06:39:23 +0000 Hi Aaron, mate everyone else has indicated convenience issues. Also be aware how “regional” you’re considering. Lenders have difficulty lending in areas with populations below 10,000. Indeed, the further out you go, the less options you will have.

Jason has very effectively “delegated” duties to real estate agents in the rural towns where he…[Read more]

]]> ee9d9932845fca3679262654fa82b5ff MikeKelly replied to the topic What to do if? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4364771-what-to-do-if/#post-4411510 Sat, 05 Oct 2002 06:17:45 +0000 Hi Sooshie, sorry I thought I’d posted to this previously but can’t see my post so obviously I didn’t hit send.

Further to Terry’s comment, it wasn’t until we asked for the actual Discharge Authority documents for our loans before teh bank took us really seriously. We ended up getting what we wanted.

Keep in mind also, that at times a bank may…[Read more]

]]> b3c015df7ab67486f4221f67899e2941 MikeKelly replied to the topic Useful Links in the forum No Subject https://www.propertyinvesting.com/topic/4364758-useful-links/page/2/#post-4411339 Thu, 03 Oct 2002 07:42:48 +0000 Hi guys, Soosh you’re doing a great job with these links. Awesome work!!!!! I faced heaps of “hurdles” just like everyone else when I started the journey into wrapping. So, I decided to put together a site to help everyone out. Steve recommended I make the free Five-Part-Wrap-Course available for everyone on this thread so it can help everyone…[Read more]

]]> 6a0482ad56162f8760d01f930ed43ee0 MikeKelly replied to the topic receiving cashflow in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4364730-receiving-cashflow/#post-4411220 Tue, 20 Aug 2002 10:27:53 +0000 Hi guys, Carolyn more than happy to help. Hope it did. It took me 2 yrs to get my head around it myself. [:)]

Hi Steve, sites going well. Actually I was posting the link on my site for this forum and decided to have a peek. Couldn’t resist thowing in my two cents worth on this post.

Actually, you brought up a very good point Steve (as always), is…[Read more]

]]> d6d569c2aeb5f2efe2d5b5815972fee5 MikeKelly replied to the topic receiving cashflow in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4364730-receiving-cashflow/#post-4411217 Mon, 19 Aug 2002 07:08:22 +0000 Hi team, hey I’m with Felicity. Keep in mind, that if you use the profit to pay off your debt, you’re really only saving cents, compared to investing the profit to fund another wrap that makes you considerable money.

Let me explain how my head works: (God help my wife) <:O)

Let’s say you make $10K profit for the year and invest this in the…[Read more]

]]> 9b901d12e945cdcaaac9348517545056 MikeKelly replied to the topic WANTED! Feedback... Reward Offered in the forum Hotch Potch https://www.propertyinvesting.com/topic/4389029-wanted-feedback-reward-offered/#post-4564903 Sun, 26 May 2002 20:47:15 +0000 Hi Terry, just some quick feedback on Steve’s pack.

I was a little concerned about the price tag at first coz let’s face it, it’s a premium product. After going through the pack I found it to be excellent. It answered SO many questions I had about wrapping in Oz that I couldn’t get answers to visiting the various discussion forums.

The…[Read more]

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