Hi,

Not that I know of… I pay my rental managers out of my cashflow profits.

Cheers,

Steve McKnight

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

Hi Christopher,

Thanks for your post. I also saw your other post, but at this stage, to be fair to other similar posts that were edited, I needed to edit yours too as external advertising is not allowed.

But please don’t see this as a put-down.

In fact, I’m greatly encouraged by your post. You have a bright future ahead of you if you can…[Read more]

Hi,

The range that we have seen is low of 5% (Vic) – to a high of 10% (Tas).

Add to this any fees such as letting, statement, inspection, tribunal appearance etc.

The wide range makes it critical that you complete a due diligence prior to buying so you can quantify the likely cost.

Of course, you can save this cost by self-managing… but what…[Read more]

Hi,

Positive cashflow most often exists when you solve problems.

You certainly seem to have found a problem, but I’m always cautious when there are structural problems since these can be very expesnive to fix.

The way forward has to be to have a builder do a thorough inspection and provide a written quote for the repairs. You can then use this…[Read more]

Hi,

If you buy land then you’re probably investing for capital gains as, other than adjistment, there is probably low or now income available.

As such, it’s critical that you manage your cashflow (budgets etc.) or else you risk having a giant cashflow leech attached to your hip pocket.

The key to any property capital gains focused asset is…[Read more]

Hi,

I strongly disagree with this ‘lowball’ comparision. I use it as a filtering tool, not as an offer tool.

When writing offers you need to work towards a win-win outcome. As such, lowballing, which is usually a win (investor)- lose (vendor) outcome is totally different to the 11 second solution.

Now, as for the claim about small towns……[Read more]

Hi,

Just a heads up… PF seminars has been a topic discussed in reasonable length over the past six months.

If you do a search for ‘Flanagan’ in ‘The Treasure Chest’ then you should be able to find a range of opinions.

For what it’s worth – I thought that Peter’s intro seminar was well worth the time cost of attending (it was $$…[Read more]

Pinky,

This a perfect opportunity for me to react to your aggressive attitude with cheap point scoring so instead I’m going to do something different… I’m going to try and help you.

Based on this and other posts you seem to have some serious limiting beliefs, including making the conclusion that the strategy I use only worked 3 years ago. I…[Read more]

Hi again,

Well, for what it is worth, the change was made at 5:30pm on Friday – so you are in fact right, we did keep it open until close of business Friday (end of the quarter).

I’m sorry you feel that way, but in my eyes, unless I had of kept to my word (to end the earlybird offer within the reasonable time frame mentioned) then my integrity…[Read more]

Hi Muppet,

Thanks for your comments.

Yes – it’s been high time that the forums were tightened up.

I had been holding off until the new forums went live, but sadly this has been quite a saga that might still be a month + away.

While I don’t always have the time to post, I’m here many times a day reading and moderating behind the…[Read more]

Hi,

Yes – commercial properties are normally a lot more cash intensive because bank’s will lend on a lower LVR to residential deals.

A possible way around this is:

1. Commercial property is more of a ‘no rules’ environment where the creative can truly go crazy. Vendor finance, 2nd mortgages, delayed settlement terms, kickbacks (er. incentives)…[Read more]

Hi,

Well said.

Cheers,

Steve McKnight

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

Hi Pinky,

Thanks for your honest and direct thoughts.

I agree that it can be confusing… but at the end of the day I always come back to this:

PropertyInvesting.com was created for people to share information that assists is more accurate and profitable property investing.

In short – it’s a tool to help people with questions.

We welcome a…[Read more]

Hi Arty,

It’s important to remember that this is a moderated forum.

To keep order and respect in these forums I’ve asked several senior and respected community members to join with me to moderate the posts and where necessary edit, lock or delete any contribution that is not in line with our rules, or, where it is deemed not to be helpful to the…[Read more]

lol

No house hunting until after exames… what a classic []!

People with the existing product will still be able to print off the templates – people with the new product will have to photocopy them.

Cheers,

Steve McKnight

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

Hi,

When I made the offer it was my intention to end the offer first thing Friday morning.

To this extent the wording was clear… the earlybird offer was available for those ordering up until midnight on the 2nd, but we would have held this open until start of work Friday.

Unfortunately, with time pressures and a hard disk failure, we only got…[Read more]

Hi Muppet,

Let’s leave it in the general area for the time being. When I transfer the forums to the new site I’ll add more categories.

Just want to tidy all this up – it’s getting a little out of hand.

Bye,

Steve McKnight

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

Hi,

Thanks for your post – it would be good if more people could post the numbers on potential deals so we can analyse them and learn.

I’d add the following comments:

1. Just because the property is currently rnted does npot mean that it is rented to a good tenant. It’s important that you seek independent confirmation that the tenant is indeed…[Read more]

Hi,

Let’s move back to Apr 1999 and I put a post on creonline.com about the 11 sec. rule.

A received a host of replies telling me it was a aste of time.

Good thing I didn’t listen to them… who knows where I’ll be now.

11 sec solution deals do exist… we bought one in Ballarat just last week. The problem is that people let their bias and…[Read more]

Hi,

I recommend you do bi-annual property inspections to ensure your property is functioning as expected.

Here’s a thought… even if you self manage, perhaps you could pay a local rental manager a once off fee to complete a condition report for you or to report back with any problems.

Remember that time is precious – and if you pat $150 to…[Read more]