Total Members: 158,729

Steve McKnight

  • Steve McKnight replied to the topic Land title size and advertised land size different in the forum Help Needed! 1 year, 8 months ago

    Hello there.

    What’s the address please? Let me do a little bit of searching.

    Do you have any marketing from when you purchased that says the larger land size? Can you demonstrate that you relied on the real estate agent’s representations(perhaps by communication pointing to discussion about land size?)

    Most advertising material does come with…[Read more]

  • Steve McKnight replied to the topic Land title size and advertised land size different in the forum Help Needed! 1 year, 8 months ago

    Hello there.

    What’s the address please? Let me do a little bit of searching.

    Do you have any marketing from when you purchased that says the larger land size? Can you demonstrate that you relied on the real estate agent’s representations(perhaps by communication pointing to discussion about land size?)

    Most advertising material does come with…[Read more]

  • Steve McKnight replied to the topic Stamp duty work around – 2 lots under one purchase in the forum Creative Investing 1 year, 8 months ago

    Hi there,

    I wish I had better news, but the stamp duty laws are pretty tight, and I understand options to purchase are caught in many instances.

    I suggest engaging the services of a good property development lawyer to guide you through what might be able to be done, just in case your current legal team haven’t thought of something.

    It might…[Read more]

  • Steve McKnight replied to the topic Stamp duty work around – 2 lots under one purchase in the forum Creative Investing 1 year, 8 months ago

    Hi there,

    I wish I had better news, but the stamp duty laws are pretty tight, and I understand options to purchase are caught in many instances.

    I suggest engaging the services of a good property development lawyer to guide you though what might be able to be done, just in case your current legal team haven’t thought of something.

    It might just…[Read more]

  • Hey Dallas,

    Yes, the approach continues to work: for the right investor buying the right property.

    You will need to go and get legal advice about the right trust and how to set it up. That will cost several thousand dollars.

    I have a resource called ‘Buyer Beware’ that explains all the structures, but it is currently out of print and needs an…[Read more]

  • Steve McKnight replied to the topic No Council Development Approval of rented dwelling in the forum Help Needed! 2 years, 1 month ago

    This sounds like a question for a lawyer or consumer rights service.

    The only help I can offer is that most tenancy laws require the premises to be safe and habitable. Perhaps one could argue this is not the case if the property has not been properly authorised?

    Bye,

    – Steve

  • Steve McKnight replied to the topic Is there a replacement for Investment Detective? in the forum Help Needed! 2 years, 1 month ago

    Yes, there is and it is part of the STEPS program (excel spreadsheet).

    We also released a Chrome extension (plug in), which is in development to turn it into a web app. All going well we will release it in late 2022, early 2023.

    Bye,

    – Steve

  • Steve McKnight replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 2 years, 2 months ago

    The answer is inflation Benny.

    All the cheap money is enticing people to spend, which is causing prices to rise. So too though are supply chain issues that aren’t related to consumption though.

    The argument is that by taking money out of people’s pockets by causing them to spend more on interest it leaves them less to spend on other things, and…[Read more]

  • Steve McKnight replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 2 years, 2 months ago

    The answer is inflation Benny.

    All the cheap money is enticing people to spend, which is causing prices to rise. So too though are supply chain issues that aren’t related to consumption though.

    The argument is that by taking money out of people’s pockets by causing them to spend more on interest it leaves them less to spend on other things, and…[Read more]

  • Steve McKnight replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 2 years, 2 months ago

    The answer is inflation Benny.

    All the cheap money is enticing people to spend, which is causing prices to rise. So too though are supply chain issues that aren’t related to consumption though.

    The argument is that by taking money out of people’s pockets by causing them to spend more on interest it leaves them less to spend on other things, and…[Read more]

  • Steve McKnight replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 2 years, 2 months ago

    The answer is inflation Benny.

    All the cheap money is enticing people to spend, which is causing prices to rise. So too though are supply chain issues that have aren’t related to consumption though.

    The argument is that taking money out of people’s pockets by causing them to spend more on interest leaves them less to spend on other things, and…[Read more]

  • Steve McKnight replied to the topic cystic fibrosis – a gamechanger for many in the forum Forum Frolic 2 years, 3 months ago

    Hey Benny,

    Thanks for the post and it is an interesting topic.

    We’re so lucky to live in a country where the government assists. Elsewhere you would need to have private insurance, or just pay the cost from your own pocket.

    I understand the goverment usually ‘does a deal’ with drug companies to get them on the PBS, so no doubt there are some…[Read more]

  • Taking max rent and max PP, $6k per month rent = $72k per annum, against a purchase price of $1.3m (and that’s before closing costs) gives a gross yield of 5.5%.

    As an income return against commercial property, where returns are typically net, this is not particularly attractive.

     

    Still, I have sent your details to a couple of my WA based…[Read more]

  • G’day. Out of interest, how much do you think a house that meets your needs, in the areas you indicated, would cost to buy?

    Bye,

    – Steve

  • G’day. Out of interest, how much do you think a house that meets your needs, in the areas you indicated, would cost to buy?

    Bye,

    – Steve

  • Steve McKnight replied to the topic Sell the Land or Keep to Rent? in the forum Help Needed! 2 years, 5 months ago

    Hi,

    Owning land is a generic growth strategy. It usually delivers no income, other than agistment and storage, so because it is growth orientated, it tends to be speculative.

    As investors, our job is to make the most money, in the quickest time, for the least risk and lowest aggravation. As such, what is right for one may not be right for…[Read more]

  • Steve McKnight replied to the topic Sell the Land or Keep to Rent? in the forum Help Needed! 2 years, 5 months ago

    Hi,

    Owning land is a generic growth strategy. It usually delivers no income, other than agistment and storage, so because it is growth orientated, it tends to be speculative.

    As investors, our job is to make the money money, in the quickest time, for the least risk and lowest aggravation. As such, what is right for one may not be right for…[Read more]

  • Steve McKnight replied to the topic How technology is impacting property investment in the forum Creative Investing 2 years, 7 months ago

    At the heart of it, not much has changed in respect to the act of real estate investing, however, technology has impacted the way a property is advertised for sale (still essentially a classified ad, but online not in the paper, so now there can be photos and more text), transferred, and managed.

    As for tech advances: perhaps block chain…[Read more]

  • LOL.

    Terry makes a good point about banks not looking at links. They will have their own policy, and their own legal department.

    The principle is this though: a mortgagor is different to a guarantor.

    The mortgagor receives the proceeds for the loan and is responsible for making repayments, and adhering to the terms and conditions of the…[Read more]

  • LOL.

    Terry makes a good point about banks not looking at links. They will have their own policy, and their own legal department.

    The principle is this though: a mortgagor is different to a guarantor.

    The mortgagor receives the proceeds for the loan and is responsible for making repayments, and adhering to the terms and conditions of the…[Read more]

  • Load More

Steve McKnight

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