Hi,

He’s a lawyer and probably more expensive than the average conveyancing clerk, but all our NSW deals are done via the offices of Tony Cordato.

Ph: (02) 9290-2773

Tell him I sent you as I am trying to get a free lunch out of him []

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Steve to the rescue!

Still, here… just about to upload a free bonus chapter from the book re: mitigating investment risk.

I come to the forums many times a day… it’s just that I’m also trying to get the Wrap Library completed too!

Thanks for caring!

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Here is my response to Terry Ryder’s articles which I have submitted to Neil Jenman (at his invitation) for publication on his site:

>>>

Thanks for the opportunity to comment on Terry Ryder’s articles as published on your website.

I thank Terry for his comments, as I feel his heart is trying to protect those that might be disadvantaged by…[Read more]

Hi,

This article was brought to my attention last night. I immediately called Terry to offer him the professional courtesy of getting the facts right before making claims that might be wrong (something he did not offer me).

We had a long chat and I left it that he was going to conduct further research before either standing by his claims or…[Read more]

Hi,

It would pay to check this with the State Revenue Office, but my understanding is:

1) All you need is an intention that you will live in it. To this extent there is a substance over form approach to the grant. Before you get too creative, we’re talking $7k here and, to point out the obvious, defrauding the Commonwealth is a crime.

If you…[Read more]

Hi,

All good points and action is being taken to correct this.

Thanks for your concern.

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Just clarifying here…

We are moving from Snitz forums (on a asp platform) to new forum software (on a php platform).

What all this means is that the PI.com tech heads get to drink lots of coffee at weird hours while we sleep. In the end we will all hopefully benefit from a faster and much better website.

It shouldn’t be too much longer.…[Read more]

Hi,

Thanks for having the courage to make your first post! Welcome to our community and I hope that we are all able to learn from your (life and investing) experience in the future.

I think you raise an excellent point about fear, and it’s this issue that I’d like to pass a comment on.

To me, investing success is about finding a system that…[Read more]

Hi,

If you are adopting a buy and hold strategy then cheaper properties will help you to maximise yield, as rent and prices do not raise at comparative rates.

For example, a 3Br home in a regional area might rent for $180 per week and be worth $90,000. A 3Br home in a metro area might rent for $250 per week, but be worth $250,000!

As such, if…[Read more]

Hi,

Motivational stories are always welcome because they inspire us to ‘have a go’ and think about pushing beyond our comfort zones.

Yet, when oush comes to shove, there is no substitute for taking action – as there is no room in investing for armchair experts.

‘Would of, could of and should of’ are words you don’t want to use. Instead ‘I did…[Read more]

Hi,

I thought that I’d jump in here as:

1. I know the Mackay area reasonably well (i’ve lived there for a short while and that’s where my wife is from and her parents remain!)

2. I actually looked at a similar property some years ago (near the gooseponds / Mt. Pleasant area).

So having said that, my observations were:

A. The block that I…[Read more]

Hi again,

OK – I’ve had a chance to check out the figures and I agree doogs that there is an error.

For what it is worth, the purchase price in one earlier addition was $250,000, but it paid too negative a spin so I adjusted it back to $230,000. Anyway, this seemed to have slipped through – my fault.

Anyway, the figures should read:

Likely…[Read more]

Hi,

Yep – we know about this.

There used to be a forum called Meeting Point but it was taken down due to issues of people advertising in a way that might have broken ASIC requirements.

I’m looking into it and will re-establish this forum, hopefully in the very near future.

Bye,

Steve McKnight

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Remember that success comes from doing…[Read more]

Hi,

Thanks for your post.

I’ll have a look at this and get back to you soon.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

The critical figure you mentioned was:

quote:total cash expenses 23759 (-6033)

How many of these properties could you afford to own? Re: depreciation… read: http://www.propertyinvesting.com/depreciation

What doesn’t make you rich will end up making you poor.

I’d be looking elsewhere if you wanted a positive cashflow return.

Bye,

Steve…[Read more]

Hi Mel,

To me, the measure of how much you know is how much you help others.

Thanks for your valuable input.

Regards,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Doogs makes a very good point re: interest deductibility.

However, here’s one possible strategy you might like to discuss with your financial adviser…

Instead of redrawing 100% of your home’s purchase price against equity from investment properties, just:

1. Set up a new loan for ?%LVR you need for your home. Note that this interest…[Read more]

Hi,

Not much I want to say here as people are entitled to their own opinions, except to say:

1. We have an office of 3 – Dave, me and Brent, and with this office we run an accounting business, a web business and all our investment property.

2. Nowhere in the book do I take the entire credit for what I have achieved. I am very deliberate in my…[Read more]

Hi Donna,

Nice to hear from you. Welcome to the forum.

You can easily print out the post you want by clicking on the printer icon towards the top right of your screen (next to the envelope icon and under the subscribe to the newsletter box).

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi div43,

Try bookstores… or your local accountant.

Bye,

Steve McKnight

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