Hi,

Properties for sale…??? Are they positive cashflow – if so, on what basis?

An initial deposit of only a few thousand isn’t anything hugely special.

Perhaps outline more information and in the interests of discussion there may be quasi-advertising, but so be it.

Bye,

Steve McKnight

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Remember that success comes from doing…[Read more]

Yep,

I understand… it is a little confusing.

The new forum will be released soon and the categories will be more obvious.

For the time being… general property questions here… specific requests for help about situations in property plus.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

I moved your post to its correct forum.

Don’t know any of those organisations. As a different course, maybe being a JV money partner might work for you.

You’ll own the property and receive +ve cashflow and someone will do the leg work for you.

Maybe worth thinking about…???…

Cheers,

Steve McKnight

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Remember that success…[Read more]

Hi,

Seems unnecessary IMHO. Surely the same affect could have been gained from more subtle means.

Cheers,

Steve McKnight

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

Hi,

Thanks for your post and welcome to the community!

Your Qld plan doesn’t sound too aggressive to me (yet everyone is different), so I think that you need to perhaps rethink how you can maximise your wealth building opportunity.

Aggressive in my book (for someone in your position) would be to buy the block, renovate the front and subdivide…[Read more]

Hi Phil,

Welcome to the forum! I’m pleased you enjoyed the book and hope that you can gain some benefit from it by turning theory into action.

quote:I own a property in Tassy – current value (valued 3 months ago) = $175,000. Mortgage owed = $102,000. My parents live there and pay $400 a month, and I pay another $400 a month off the mortgage,…

[Read more]

Hi,

Thanks for your post… I just moved it to the correct forum.

Ah, you have the same issue as many others.

It comes down to distinguishing between an investing decision (buy more property) and a lifestyle decision (dreamhouse).

Furthermore, outside of making money it’s likely that you have not set a goal or reason to invest.

This being the…[Read more]

Hi,

I moved your post to the appropriate forum.

They are either:

1. A firm of chartered accountants; or
2. A firm selling property

(different organisations – same name)

They sell property that is advertised as either negatively geared, or else positively geared after depreciation adjustments.

I’ve reviewed several of their deals and, for me,…[Read more]

Hi Ren,

Thanks for your post and welcome to the community.

Be sure to post both your questions and progress… it won’t be easy, but if you want it bad enough then success will be a matter of choice, not a matter of chance!

Cheers,

Steve McKnight

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

Hi,

Microsoft Excel… spreadsheet package.

Use Mel’s advice about how to use it.

It can be a bit tricky, but persevere and see where it gets you.

Bye,

Steve McKnight

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

Hi,

Actually, what I wrote in the book was that you can profit from -ve gearing, but it’s a matter of timing the market rather than time in the market.

You are right that at a point a -ve geared property will become +ve geared when you pay off enough debt so that the interest falls.

Sadly though, on a P&I loan, this will not happen for some…[Read more]

Hi Anita,

Thanks for your post and welcome to the community!

quote:1. In whose name did you buy the properties?

In the name of the entity which we set up to contropl our property investments. I believe that owning assets in your own name is not the best idea as you can be sued and the lot is on the line. Instead Dave and I created a structure…[Read more]

Hi,

To be honest… no.

It’s useful in determining the context of that market/ region and trend analysis.

However, on a deal by deal basis, historical data isn’t as important as what the price is now and whether or not I can make money out of it.

Cheers,

Steve McKnight

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

Hi JackFr (my book buddy!),

Get friendly with a local real estate agent (they have has access to a magic database and can look up figures), or else pay for view I’m afraid.

Bye,

Steve McKnight

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

Hi “Risky”,

Lost of people were probably too full of eggnog to reply… [] We’re a friendly bunch, really!

Welcome mate and thanks for the positive comments about the book.

I wouldn’t go to the fishing spot where everyone else goes… a lesson learned from investing in the La Trobe Valley here in Vic.

What about commercial property? Think…[Read more]

Hi,

I’m happy to take over a property with an existing tenant, provided I have done enough checking to make sure I’m not taking over another landlord’s tenant from hell.

I’ve seen many landlords sell the property to be rid of the problem rather than trying to fix it.

One of the due diligence templates we complete is the “Property With Existing…[Read more]

Hi Daniel,

Most commercial leases have options for extension of leases.

For example a 3 by 3 lease would be a three year lease with two further options to exend for another three years (totalling nine years).

If a lease is extended there is just some minor legal work, such as a heads of agreement that the lease is extended on the same terms as…[Read more]

Hi,

We have done prelim some work into setting up a charitable foundation.

The legal form/structure we delegated to our lawyer, who has reported back with a way forward.

The hard work though, is coming up with a mission statement and core set of values. In short, there is always a need, but finding your way to help is tough

My favourite Bible…[Read more]

Hi,

I think that it depends on the municipal council involved.

That is, you are asking a question that is decided at local govenment level rather than at State level.

I’d imagine that there is a State planning minister, but his/her jurisdiction is broader than setting specific requirements for development.

So, there’s your point to being……[Read more]

Hi,

For those who don’t know, debentures are debt security (ie. loans) of various time lengths issued by businesses, usually listed companies.

As the risk is higher than a bank term deposit, so too is the return offered.

Kavita’s point about looking at the independent assessed risk rating (such as S&P) is well made. No doubt there were some…[Read more]