Hmmmmmmmmmmm

Where’s that accountants number……..[^]

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Yack/ Mark Patrick..

Peter Spanns book is WEALTH MAGIC, again not a bad read, an Australian book also.. think he went from checkout chunk to property hunk ( worked at woolies checkout )

did ‘very’ well for himself, started renovating and selling properties, then was once asked how much $’s he would have made if he *Kept* the properties.. out of…[Read more]

Simon

remember the 11 second solution is only a “filtering” tool, to sort the wheat from the chaff, so to speak 1

researching any investment is paramount, forewarned is forearmed, so to speak ( hmmm i must’ve eaten my rollerdext of quotations and not my cereal this morning !!)

Anyway, looking at a few deals at once, on paper and working out the…[Read more]

Eat a frozen ChocMilk in a bath of cold water..[8] KEWL very KEWL

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

[^]Mel

Good to see after being ‘kicked’ by HK you’re still on the horse [^]

So after all that investment..what did you learn ??

Realising that even for his bad points there must have been some worthwhile strategies or lessons learnt []
Hopefully others ‘burnt’ by the HK affair have also moved on to bigger and better things and my best wishes to…[Read more]

Thanks Derek

Appreciate the post..
and welcome to the Forum..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Thanks all for your posts more food for thought, i’ve spoken to my mother regarding this, yet to speak to my sister..

Appreciate any input as to how to structure a 50/50 deal or such, 50/50 on an investment property is a bit easier but 50/50 or such with one partner living in the premises..? realising it’s hard with family..

At this stage…[Read more]

Yack..

read the book Ordinary Millionare$ by Jim Mcnight a while back and enjoyed the reading, people doing well motivates me also..

Think mJim Mcnight was a Psychologist at one of the UNI’s

With your ‘Growth’ style approach i’m supprised your not more into Margaret Lomas’s book’s or such..??

REDWING

“Money is a currency, like electricity and…[Read more]

Pisces..

a quick question, what would be the minimuim amount then, in equity that you would consider a PPOR had appreciated enough to be able to sell and realise a profit, taking into account purchasing, holding, and selling cost’s ??

Or rather than equity as a dollar figure how about expressed as a percentage of the purchase price..??

I know…[Read more]

I Recall Noel Whittaker talking about the rule of 72 as applied to investments many, many years back []

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

I’d always heard Armadale and Gosnells good from a rental/investment perspective..

The 2 brothers in API magazine think so too i noticed..

Me, i prefer the coastal or river areas, not to far inland, but maybe i’m limiting myself and thinking ’emotionally’ as “would i live there” hmmmmmmmmmmmmm []

REDWING

“Money is a currency, like electricity…[Read more]

Pisces..

Would 10% be more realistic in general cases then..

Only have this figure as a ‘Chippie’ i knew went onto becoming a builder..

Get a bobcat in to clear the block…get invoice, add 10%

Get plumbers in, add 10%
Get Power put on-site, add 10%
Get Grano workers to pour slab, add 10%

That’s how he progressed anyway..[]

Are some builders…[Read more]

Is it just me..??

but his site and advertising looks and *feels* a lot like Robert Allens or ESI’s.. even down to the *pop* up windows when you back out from some areas of the site…..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Derek

Maybe you can give a quick outline of the clubs purchasing strategy then.. maybe as looked at from a fictional investor purchasing for the first time and moving onward..

Just interested in other strategies, that’s all [^]
REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Elysuim

Do i ask the Question..”YES” []

As pointed out above, for me, it’s part of the negiotating process.. i remember once when i sold i didn’t even give the R/E agent my reason for selling, would i be upset if a R/E agent didn’t divulge to me that for example the owner had bought elswhere and moved on, and needed to sell ASAP ( NO ) would i…[Read more]

Derek,

I read somewhere Perths median vacany rate down to 3.0% to 3.5% or so.. ( scratching his head, now ‘where’ was that article ) maybe in The West Australian : )

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Everyone wants a *cut* of your money in *any* deal, therefore the benefit is to limit the amount passed onto those people as it ‘eats’ into your profits..

As was pointed out by a GURU or TWO, the profit is made in the purchase, not the sale..

Was interesting the other day, whilst attending a work related course , one of the other attendees was…[Read more]

RISKY

Best i’ve found is $12 000 ( Not on the web though, as many deals aren’t [] )

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Yack…….

Was great to get some insight into your experiences etc, gives me some background to your posts.

It’s hard to invest with a family, and you’ve done well.

Everyone has thier own strategies, but you also develop these strategies over the years of mistakes, successes, reading, learning from others etc..

Agree with you in regards to…[Read more]

Originally posted by TeacherK6:
Hey Tonyy

“Also, no one has mentioned the sting in the tail when you come to sell the property and the tax treatment of Div 40 & Div 42 deductions.”

Can you please expand on / explain what u mentioned above???

Thanx

Jason…

Me too… just wondering regarding this statement ??

REDWING[]

“Money is a…[Read more]