Hmmmm….

Sounds to me like that Mezzanine Finance thingie that Mr. Kaye was pushing a while back.

No money down for developers… they borrow 80% from the bank and the other 20% from investors.

100% debt + property development = potential for huge financial disatser.

Cheers,

Steve McKnight

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Remember that success comes from doing…[Read more]

Hi,

Thanks for having the courage to make your posts and I agree with wilandel… welcome!

I agree that there is a lot of good information here, from quite a diverse perspective.

Rememebr though, there is plenty of opinions (my own included) and you need to distinguish these from facts.

Still, as far as a good resource, it’s hard to go past…[Read more]

Hi,

I thought I would help you out by moving your post into this area [] I agree that it can be very confusing, so as a quick summary here’s what I would do:

1. Work out why you want to invest in property… what’s the higher purpose?

2. Depending on your answer to 1, the next choice is to decide about what sort of property profit you want to…[Read more]

Ok…

Enough of the sensational name calling generalisations (from all parties).

At one point it was interesting to see where this thread was going to go… but now we are not adding to the education of others, just point scoring.

Please only reply to this thread if you have constructive and meaningful contributions. Some of the points made…[Read more]

Here here!

I think that Mini Mogul rocks – and even better, I remember the day when the ‘lights went on’!

…and David, even though I don’t personally agree with some of the things you say (not that that has to matter for much []), I greatly value your input into this forum and your honest opinion.

Any community woth being a part of needs…[Read more]

Hi Leigh,

Why not buy the property subject to “the completion of a Section 32 to the purchaser’s satisfaction.”?

On another matter… do I need to contact you about anything? I have so many e-mails at present I’m a little lost. If you’re waiting on me for anything please send again.

Warm regards,

Steve McKnight

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Remember that…[Read more]

Hi Bron,

Thanks for your post.

quote:
My concern is how the bank/lending authority will react to the lack of income during this time, how would you suggest we approach this and would it be best if one of us gets a job.

The way forward might be to look for a low-docs loan where your lack of income won’t necessarily be an issue. In return you…[Read more]

Rachelle,

How did your game go… what were your observations?

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

I’d imagine that it would be some kind of arrangement where the tenant pays a higher rent, but in return also gains an agreed percentage of any capital gains.

This might then be an incentive to add value to the property that will increase enjoyment for the tenant and also capital value.

I’ve not come across an example of this in real…[Read more]

Hi,

Please see other recent posts on this matter as it has been discussed in a lot of detail.

For starters see:

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=1910

Regards,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

I agree that the volume of traffic is picking up which is making the need to be more specific with our topics more urgent.

I’ll look at this when the forums are re-released later this month.

Thanks for your feedback.

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Plug away…

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Stu is correct in that, under Australian tax law, any undistributed (ie. retained) income in a trust structure is taxed at the highest marginal income rate (currently 47% + 1.5% Medicare Levy). In this case the tax is paid by the Trustee out of trust funds.

Really then, there seems to be no benefit in holding funds back, except perhaps with…[Read more]

Del…

Read the latest newsletter!!!

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Thanks for your post and welcome to the forum.

There’s a few things to say…

1. Will you be owing the property as an investment and having your mother as a tenant? If so, I imagine that you aren’t too worried about the cashflow loss and will be hoping to make it up in terms of capital appreciation as values rise. To this extent my advice…[Read more]

Hi,

Many of the US seminars have low entry costs because they backend product.

Such seminars are just really sales pitches.

I’ve had first hand experience with a few of these…

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Hmmm – seems like a bad story []

It might be worthwhile reporting this agent to the applicable State branch of the Real Estate Institute.

May not count for much, but you can at least voice your frustration.

Also, it would be wise to cc the licensed agent who owns the agency, and attach a quote for new lights asking them to make good the…[Read more]

Hi,

Thanks for your feedback – it’s much appreciated.

quote:
1. The general discussion forum gets too many new posts and often a messages merely a day or two old are pushed to page 2 or 3, making it hard to find. A way to solve this problem is to display the first page list with more post items (say, 60)? Maybe the format can be trimmed down to…

[Read more]

Hi,

Why not test out the theory for yourself? Go to:

http://www.mycreditfile.com.au/personal_information/free_credit_services.asp?CountryID=1&UserTypeID=11

It’s free, although it takes 10 wprking days.

Bye,

Steve McKnight

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

Hi,

Just surfin the net on Brampton for a few minutes…

In my experience all the loans which I have gone guarantor for have not shown up on my CRAA.

My loan applications are though. Perhaqps this is where your banker is confused?

Bobbie – perhaps I am a special case, but I don’t think so.

Bye

Steve…[Read more]