Dan,

Great to hear from you. Site looks good! Clean and full of great info… well done!

Haven’t received the book yet… but am looking forward to it when it arrives.

Keep smiling,

Steve McKnight

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

Okay Jo,

It’s time for me to turn the other cheek.

If I have done worng then I have attempted to right this by reposting to the original question.

Bye,

Steve McKnight

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

Okay… I’m not sure why, but there does seem to be some confusion. I thought Del answered the question okay which is why all I did was point out that the answer (i.e. property) was also in the title.

Anyway… so as we are all on the right page, and to clear up any confusion, let’s start again…

Joseph,

Thanks for your question.

The title…[Read more]

Sonja,

It’s my pleasure.

Thanks for your support and feedback. It’s nice to see that the effort contributed is appreciated.

Regards,

Steve McKnight

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

The title of the book gives context…

$1,000,000
in property
in one year

Regards,

Steve McKnight

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

Hi,

You are correct that the gross would be higher than the net.

Nevertheless, gross was chosen as a more accurate basis for comparison given that using net would have meant employing more budgets for forward estimates.

As mentioned at the book launch, my estimation of net cashflow would be somewhere b/w $450k and $550k per annum. Such a…[Read more]

Hi,

Let’s be careful that the discussion does not go ‘off topic’, and that we stick to investment rather than political statements (however relevant they may seem).

The point I was trying to make is that while the effect can be debated, the uncertainty of higher oil prices and the instability of long-term trade deficits represents a significant…[Read more]

The great Gatsby…

You crack me up! []

Blessings brother,

– Steve

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The day is what you make of it! Now go lift weights [wink4]
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Hi,

Shucks… thanks for the praise.

Jo – the $400 p/month was only while Dave and I were accumulating capital to invest when we got started.

Now days Jules is supported from our investment income as a full-time mum. It was a case of delayed gratification.

As for book royalties – these are donated to our foundation. But I do all right these…[Read more]

Hi,

Yep – this has been discussed in some detail at various times.

I guess Rick and I discuss the same issue from different perspectives. Ultimately you need to weigh up which you prefer for the asking price.

Regards,

Steve McKnight

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

Hi,

Thanks for your feedback and I’m delighted you enjoyed the book.

A couple of points:

1. The cashflow figures are ‘gross’, meaning before expenses such as those you listed.

2. The cashflow is only from property remaining at the end of the MAP. Cashflow (i.e. non-cap gains) from deals bought and sold in the 12 months were…[Read more]

Hi again,

My point about financial burden is more of an accountability to do the most with it that I can rather than squander it.

Good passages (Matthew 6:19-24):

19″Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. 20But store up for yourselves treasures in heaven, where moth…[Read more]

Hi,

I tired to go milk-free after a Tony Robbins event some years ago and found that it has a good impact on my health.

Later I did more research and was shocked at what I found. Check this out as a start: http://www.rense.com/general26/milk.htm

But… at the end of the day I thought I can always go back to drinking cows milk, so let’s see…[Read more]

Hi,

Pleased you enjoyed the book and thanks for your post.

Re: the 2.25% figure used.. it’s just a reference point as such, taking into account the overall fee and dividing it by the total sales price. Naturally, some commissions will be higher and lower.

Perhaps just remember that commissions are negotiable [wink4]

Regards,

Steve…[Read more]

Hi Darren,

Glad you enjoyed the book [evo]

Can you pls give me a page ref re: Robbo?

Ta,

Steve McKnight

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

Hi,

I’ll get Brent to look into it and get in touch with you asap.

Cheers,

Steve McKnight

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

Hi B.C.,

Thanks for your feedback and I’m delighted that you’re enjoying the book thus far [biggrin].

In respect to depreciation… I see it as a kind of (but not exactly the same as an) ‘interest free’ loan.

Put another way, it’s like gravy on top in that it’s great to have but the meat (or tofu for us vegies) and potatoes of the investment is…[Read more]

Hi,

On the topic of valuations…

At one point Dave and I had purchased about six houses in close proximity of each other.

When we bought another one we asked the financier for a copy of how the valuation report, which just happened to list, under the heading of recent sales, the six other properties we’d just bought!

Overall, it’s wise to…[Read more]

Hi Sonja,

What I would do is look at the people speaking and see what it was that they could offer to help you achieve your investment goals. Break up your points into short-term (0 – 6 months), medium term (1-2 years) and long-term.

Furthermore, while you may need to acess equity in the short-term, provided you take action to recoup the cost…[Read more]

Hi,

The message I believe Peter is trying to give, and it is one that I agree with, is to make good use of r/e equity to maximise profitability.

It’s the principle of ‘velocity of money’, in that you want to increase the compounding effect of your returns to maximise wealth creation.

In your example, provided your COCR is more than the cost of…[Read more]