<b>Tip:</b>

Positive cashflow deals are made rather than bought.

<b>Tip:</b>

The more removed you are from the problem the longer it will take to profit.

<b>Tip:</b>

Cash is more valuable when it is in short supply. Remember this when negotiating.

<b>Tip:</b>

God invented paint to fix up brown houses, which always seem to sell for…[Read more]

Tip:

Positive cashflow deals are made rather than bought.

Tip:

The more removed you are from the problem the longer it will take to profit.

Tip:

Cash is more valuable when it is in short supply. Remember this when negotiating.

Tip:

God invented paint to fix up brown houses, which always seem to sell for less.

Cheers,

Steve…[Read more]

Hi,

I’m inclined to agree with Rob. I can certainly remember the dark days of loan-calls from the early 1990’s.

However, recently looking through some of my loan agreements on investment property (for the book) I can’t see any clause that allows the bank to recall a loan that is not in default.

Having said that, the LA does give the lender the…[Read more]

Hi,

This post was moved here because it is an opinion and this is the appropriate place for it!

Trust me, I tried with other mortgage brokers but had no joy. Once again, Leonie spotted and capitalised on an opportunity that was available (at that time) to any mortgage broker.

I’m sorry if other people feel offended. That was not my…[Read more]

Hi,

visit http://www.propertyinvesting.com/11secondsolution

Bye,

Steve McKnight

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

The difference is probably members who have selected not to have their identity known when they log in.

You can see the people online in the Active Members area (under Members option in left hand menu that appears after signing in).

Still, I’ll follow it up.

Cheers,

Steve McKnight

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Remember that success comes from doing things…[Read more]

Congrats Monopoly,

I think it’s important to remember that forum moderators certainly don’t have an easy job.

They are subject to criticism for simply trying to retain order. I’m very appreciative of all the hard work moderators put in.

Regards,

Steve McKnight

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

Hi Lambsie,

The boat, so to speak, is the opportunity to make changes to tax structures prior to the end of the financial year.

Specifically, if you decided to set up a trust, it needs to be created prior to 30 June in order to receive 2003/2004 tax year distributions.

Accountants may only make use of a strutucre if it is in place prior to 30…[Read more]

Hi,

My knowledge of tax is that deciding to realise a few properties would not make you a trader.

The issue of being a trader or not comes down to a question of your intent at the time of buying. Sure, if you’d only owned the property for a few months (or you decided to flip) then yes, then 100% of the gain may be classed as taxable…[Read more]

Hi,

Just clarifying…

It’s appropriate for people to advertise in a signature at the bottom of posts. That way people can get in touch as needs be.

It is inappropriate to ‘hawk’ services via explicit posts or through personal messages.

Cheers,

Steve McKnight

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

New Zealand?

Don’t buy property there mate… the houses are held up by piles!!!

Seriously, my advice for people interested in investing in the land of the long white cloud is to get on a plane and see for themselves.

Yes, there are some good deals there, but there are still plenty of opportunities here too.

BTW, there will be a new product…[Read more]

Hi,

Interesting post.

Personally, I would have thought that a house bordering a park would have been an attraction, provided it was a small kiddies play area rather than a teenage hang-out.

Does the property have a large yard? If so then perhaps being near the park is no real benefit. If not then proximity to some open space would probably be…[Read more]

Hi,

I found this on a US website:

Asbestos roofs are not an environmental hazard unless they are broken or crumbled and the dust inhaled. that is why, *when removed*, they fall under the hazardous materials regulations. if left in place, they make a good roof.

This is my understanding too, although, to be honest, I wouldn’t want my kids…[Read more]

Hi Darren,

How’s things?

As for considering selling… I think the question you have to ask yourself is: “Is this property performing as I expected?”

The financing question is incidential to the bigger issue of deciding whether to keep or sell.

Personally, I wouldn’t be as worried about the issue of population so long as I had strategies that…[Read more]

Hi MarkyMark & Ron,

There wasn’t a whole lot of science why we went with 80%… it was just a standard amount that banks were comfortable lending.

You are right to say that 70% is less geared than 80%, but the again 80% less less than 90%. I think it comes down to what you are comfortable borrowing.

To further the discussion… since that time…[Read more]

Hi Ben,

Happy to have helped [biggrin].

Working out the right time to sell is always a hard thing to do as there is the risk that you’ll leave profits on the table.

It’s handly to remember that no one went broke taking a profit and that greed can cloud judgement.

Regards,

Steve McKnight

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Remember that success comes from doing…[Read more]

Hi,

Interesting discussion.

My thoughts are that it’s ok to be sceptical, but don’t let it cause you to miss out on a learning opportunity.

I’ve heard Robert Allen speak on several occasions now. His marketing may be suspect by Australian standards, but his information in respect to wealth creation is fantastic.

I have certainly learned a lot…[Read more]

Hmmm interesting…

I think that people get to a point where they lose interest and move on to other things. A handful of people remain who form the fabric of the site.

In terms of the market… those with skill will rise to the top whereas the speculators will find the going very tough.

This forum may or may not become quiet… but it will…[Read more]

Hi,

When inviting someone to become a moderator I look for someone who has demonstrated a track record for trying to assist forum members, either by answering questions or by adding to the fabric of the site.

The moderators have a difficult job, and while they are not immune from making a mistake or two, but they are of good character and…[Read more]

Hi,

Please see: https://www.propertyinvesting.com/depreciation.html

Bye,

Steve McKnight

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