G’day team, and especially Clyde.

Clyde – I’m coming late into the discussion here, but am I right in believing you own two properties with negative equity and negative cashflow?

If so, are you in a position to absorb the loss of selling either (or both) of them? Or are you no longer able to afford the cost of owning the properties and can’t…[Read more]

G’day team, and especially Clyde.

I’m coming late into the discussion here, but am I right in believing you own two properties with negative equity and negative cashflow?

If so, are you in a position to absorb the loss of selling either (or both) of them? Or are you no longer able to afford the cost of owning the properties and can’t afford to…[Read more]

Hi Jeff,

It’s Spectrum Finance.

You are welcome to contact them via the webform at this link:
http://www.PropertyInvestingFinance.com

Unfortunately, I have received mixed feedback from those who have made loan enquiries with them. I am currently reviewing and reconsidering whether I continue to refer people to them.

Regards,

– Steve

Hi Ben,

It’s not how many properties you own that matters, rather the financial consequences of owning them.

1, 2, 5, 10, 100… it’s just a number.

What’s more important, at least the way I roll, is the cash flow you derive, and therefore the freedom from work obtained, that is key.

I’m not on the same page with your thinking about the…[Read more]

I agree with Ben in principle, but in practice I think it is a moot point.

Experience shows that different people want different things out of life, and for some, following an investment pathway similar to what I describe in my books, etc. just isn’t of interest – at that time or circumstance in life, or at all.

Let’s not forget too that there…[Read more]

Hello Ajay,

Yes, you are correct. Many State governments have introduced additional stamp duty for foreign buyers (note that there is no discrimination against Asians as such). Some State governments have also introduced an additional land tax…[Read more]

Hi Greg,

You’ll need to prove you have the reputation, skills and ability to pull this off. Money is attracted to good management.

I think your best option is to approach your accountant to see if s/he has any clients that are interested in coming is a JV partners. That way you are leveraging off their trust and relationships, rather than…[Read more]

How does that compare against what you might pay a developer under the basis you mention above?

Which State is your project located in?

Regards,

-Steve

Hey Greg,

Couldn’t you just engage a skilled town planner to run the project for you? Why does it need to be an investor?

Regards,

– Steve

Hey Greg,

Couldn’t you just engage a skilled town planner to run the project for you? Why does it need to be an investor?

Regards,

– Steve

Hi,

Normally you would want to have a ‘Heads of Agreement’, or a ‘Shareholder’s Agreement’ with your brother that governs the agreed behaviour. A lawyer will be able to assist you to draft such an agreement.

I like the idea of using the rental manager. You may like them to keep a float in trust to pay expenses from, if that is a service they…[Read more]

Might be a good time to try out commercial property. Growth is usually lower, but income is better and aggravation is, on the whole, better too.

Well done on your success. I am proud of you, and for you.

– Steve

Might be a good time to try out commercial property. Growth is usually lower, but income is better and aggravation is, on the whole, better too.

Well done on your success. I am proud of you, and for you.

– Steve

Hi Dean,

My family and I came over to the USA for a one year family experience. That time is simply coming to an end. There is nothing more that ought to be read into the decision. Certainly there are no plans to prematurely wind up the Passive Income (USA Commercial Property) Fund.

Regards,

– Steve