Hi,

Perhaps if you could outline what it is you are trying to do then we could give you some tips on how to do it.

That is, I’m not sure what you’re asking.

Regards,

Steve McKnight

**********
Remember that success comes from doing things differently.
**********

Hi,

I’m most worried about the following issues:

1. Negative Savings

As nations, Aust and the US (incl. our governments) spend more than they earn. At a household level, this is only sustainable once the credit card has gas and then, once maxed out, life becomes a lot harder.

We have been inching closer to our credit limit for a while now and…[Read more]

Hi,

In respect to the question about where do you get the money from. There are three sources of funds you can use for deposits:

1. Cash

This is in the form of savings and is the pooled result of more income than expenses.

2. Unrealised Equity

This is in the form of borrowing against equity, which is created from loan repayments and/or…[Read more]

Hi there,

The mortgage of $96k comes from:

1a. Value of house one: $80,000
1b. Loan (80%) = $64,000

**Note $40,000 house increased in value to $80,000**

2a. Value of house two: $40,000
2b. Loan (80%) = $32,000

**Purchased by refinancing equity of house 1 back up to 80% of $80,000**

Total Loan: $96,000

Hope this helps.

Bye,

Steve…[Read more]

Hi,

Most FIRB stuff is new dwellings, so I would have guessed that the funds from the US are for large commercial developments more so than mum and dad houses.

Regards,

Steve McKnight

**********
Remember that success comes from doing things differently.
**********

Hi,

I think you’ll find it’s “Ko Huna Beach Resort”.

In fact – that’s where I had my wedding reception [rolleyes] and where all the Melbourne guests stayed and had one heck of a three-day party.

As for it as an investment – I’d be doing my numbers very carefully. Generally speaking this sort of managed investment can be loaded with fees, fees,…[Read more]

Hi,

I clicked on the link, but what turned me off was all the pop ups.

Just for clarity, is the link an affiliate link, or just a genuine link for which there is no financial reward to the referer?

Regards,

Steve McKnight

**********
Remember that success comes from doing things differently.
**********

Hi,

Well, if there are no funds available then there is insufficient security to underpin the loan.

This doesn’t mean that the debt ceases to exist, it’s just that there was insufficient collateral to repay it.

The 2nd mortgage holder would then seek to have the money repaid by other means through perhaps a debt collection…[Read more]

Hi,

Well, if there are no funds available then there is insufficient security to underpin the loan.

This doesn’t mean that the debt ceases to exist, it’s just that there was insufficient collateral to repay it.

The 2nd mortgage holder would then seek to have the money repaid by other means through perhaps a debt collection…[Read more]

Hi there ozsparky,

First up, if you’d like us to shorten your UserName then please send an email to admin@propertyinvesting.com and we’ll see what we can do.

As for the personal tax issues – I accept that, in some cases, this would be very useful however we sidestepped this issue on the basis that it would have added a lot more cost which took…[Read more]

Hi,

Thanks for the feedback… I know that Phil will be delighted to read it.

Our aim in developing ID was to put together some powerful but easy to use software at a very affordable price. It’s great to read that you have found it good value for money as it means we are achieving our vision.

I know Phil has been working on some major upgrades…[Read more]

Hi there,

Thanks for your post!

I agree with the Great Gat in that it is better to ‘fix’ the problem that resulted in you being in debt rather than trading your way out of it.

However, I don’t necessarily agree that ‘woking in a job’ is always the best option to fix a past wrong. Back in my first book I outlined the importance of identifying…[Read more]

Just stopped by to say ‘Thanks Heaps’ for the contributions and to recommend that we keep ’em coming.

I will then turn them into a summary and place them in a welcome document for new members (and existing members too!)

While I’m here, I found some words that I had written previously that might add to this discussion:

This may sound a little…[Read more]

Hi!

Welcome back to the forums. This is a timely way to make my 1,500th post.

Yes, I think there is still opportunity in real estate, but the nature of that opportunity has changed significantly in the last few years.

For example, during a boom market a good strategy is to leverage up and buy as much as possible on as little down as possible.…[Read more]

Hi Devilc8,

At first I was a little surprised on the basis that great deals exist in all markets.

However, on a closer read, I’d say that Kiyosaki was just returning to basics by saying that speculation on property gains is much riskier than investing for cashflow.

When the market is booming there are more gains to be made by speculating,…[Read more]

Hi,

Thanks everyone for your posts and insights thus far.

corinnepye23472… thanks for your personal post especially.

Keep the good tips coming!

Regards,

Steve McKnight

**********
Remember that success comes from doing things differently.
**********

Hi Guys,

Yes… it’s now an older product that we don’t “sell” anymore. The tips need a general upgrade which will happen soon.

Cheers,

Steve McKnight

**********
Remember that success comes from doing things differently.
**********

Hi,

Here’s what I would do:

1. Agree to the council coming to have a look but request 28 days to ensure the tenant has time to clean up and is okay with the whole issue.

2. Approach council to see what is needed to obtain a certificate of occupancy for such a dwelling.

3. Conduct an audit on what is missing asap and then get busy in the 28…[Read more]

Hi,

It’s a pity you missed the recent PPPW as I went into a lot of detail about how to find, negotiate and buy real estate.

Nevermind…

My suggestion to get started would be to work out what sort of investment return you desire, as growth properties will be different to income properties.

Next, test the water to see how much you can borrow as…[Read more]

Hi Hugu5282,

Thanks for your post.

There is certainly opportunity in every market, but every investor sees things differently.

For example, Dave and I just sold our Traralgon flats and my Dad just bought a Morwell commercial property (that will be +ve cashflow to a nice extent).

See, goes to show you that every coin needs a ‘head’ and a…[Read more]