Hi,

Actually, just went through the 50,000 book sales mark.

Who would have thought???

Oh, and Arty, your Maths is way, way off on the estimated profit. Trust me, the author is last in line when dividing up the spoils! []

Unless, of course, you can negotiate a huge advance…

Cheers!

Steve McKnight

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Remember that success comes…[Read more]

Hi,

I’ve enjoyed reading this thread.

I used to lecture auditing at RMIT, a university here in Melbourne. As I was (and still am!) a registered company auditior, I was well qualified to take the topic.

Anyway, I took the part-time class, which was full of people who worked during the day and were studying at night. I’d regularly get up to…[Read more]

Hi,

I’m sorry, but I don’t have a copy of the book handy (I’m at home), so I cam only answer generally:

quote:1. On page 67 there’s a table with a list of expenses. There are headings “to” and “put”. What are these – accounting terms? What do they mean?

My guess is that this is a solicitor’s statement? I’ll look it up when I get to work and…[Read more]

Hi Mini,

You wouldn’t believe it. I stayed up past my bedtime to watch you on the tellie the other night (actually, I was doing some work on the laptop and listening to the tellie).

Jules muted it during an ad break and left the sound off for about 5 mins. I went and turned it back on 5 mins later, only to learn that that’s when you did your…[Read more]

Hi,

Hey – I’m all for incentives as my wife is due to go at any moment…

But in reality, I’d be worried that this might start a welfare mentality that more kids = more money and that this may have the opposite impact to what is wanted.

I would have thought that sponsored child care would be a better idea for those what want to work but have…[Read more]

Hi,

A long post…

My advice to anyone in a similiar circumstance is to follow the logic in Ch. 17.

1. You need a plan.
2. You need to work out what you want to sacrifice for a new opportunity.
3. You need to take action.

Positive cashflow properties exist when you know what to look out for and how to be creative in setting up a deal.

I save…[Read more]

Hi,

My way of thinking is simply:

Only invest in things that make money!

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

I guess there is only so much information that can fit in one book!

Yes – I use accounting structures that limit my liability. My structure is outlined in the WealthGuardian product (see: http://www.PropertyInvesting.com/resources)

However, for land tax purposes, this is largely irrelevant as common entities are grouped (except where you invest…[Read more]

Yep – see:

http://www.PropertyInvesting.com/bonuschapter

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

The principal component of loan repayments is not deductible.

And the interest component is only deductible to the extent that the loan it attracts to was taken out for profitable investing purposes.

Cheers,

Steve McKnight

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

Hi,

You need to establish whether the tenant didn’t pay because s/he couldn’t, or because they did not want to.

If it’s the former and you want to retain the tenant, work with them through the financial difficulties and arrange a payment plan to catch up the arreas.

It it is the latter, organise for eviction throuhg the proper channels and seek…[Read more]

Hi,

It’s sometimes necessary to move posts around into their proper forums.

Sorry for the confusion.

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Just remember that some of the best deals are the ones that are stale and no longer advertised on the internet.

Don’t make the mistake of believing all properties are advertised… they’re not!

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Sorry, I’m not aware of any, but I haven’t done the research.

Remember that location isn’t as important as finding problems, and problems exist at all price points in all markets.

Wishing you all the best,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Don’t fret.

I’ll try to make it to Perth in early/mid 2004.

Information will be outlined via the newsletter.

Cheers,

Steve McKnight

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

In the article you mention property ‘gurus’.

So, which gurus are you referring to and did you contact him/her/them when researching your article?

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

I echo the voices of support and wish you nothing but the best.

Still, I don’t believe taking advice from a well meaning yet ill equipped investor forum board would be as worthwhile as seeking some specific professional help – perhaps initially a community social worker or maybe even lifeline.

Having said that, the easiest option isn’t…[Read more]

Hi,

I did one recently… paid $23,500 for something rented at $90 per week.

And we did another 30 or so on similar figures…

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Well, it took Dave and I over six months to do our first few deals – and I was doing it more than part time but less than full time (let’s call it 3/4 time!).

In truth, your results can be better or worse than what I achieved based on the resources you want to allocate to getting the task done.

Best wishes,

Steve…[Read more]

Hi,

I just wanted to show that a gross salary needs to have super deducted from it to form a net salary, and then that income tax is levied on the net rather than the gross salary.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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