Hi Leigh,

We did just what you mention here on the basis of telling our financier what we were planning to do and them agreeing before the project commenced.

We received 80% of the purchase price + 80% of our renovation costs.

Bye,

Steve McKnight

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

Thanks for your post and welcome to the forum.

I don’t have a lot of experience with developing property as such, however I think that getting the finance green light will have a lot to do with how many pre-sales you can orgainse, or how much of your own/investor’s money you plan to put down.

Maybe give The Money Shop a go as they…[Read more]

Hi,

There are two focuses you can have in property.

1. On the Property

This means you focus on the property, usually seeking capital gains returns. As such, position becomes very important.

Things that will increase the value are variables that add to perceived or actual value which cause demand > supply.

In the house vs. unit debate -…[Read more]

Hi,

When I get the time I’ll create a web page specific to the 11 Second Solution.

Quickly, it’s:

((weekly rent /2) * 1,000)

It would be wise to do a search on the topic and see what comes up as there has been a lot of discussion in the past.

Have a wonderful day,

Steve McKnight

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Remember that success comes from doing things…[Read more]

Hi,

My experience is the same as Nicks, which is not to say it can’t be done, just that it might be difficult.

Worst case scenario is to buy, wait six months and then refinance.

Bye,

Steve McKnight

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

Hi,

Whether or not it is a good deal is a matter of answering the following question:

“Will this property make a higher cashflow (cash on cash) return than leaving my money in the bank?”

If all you do is make money then you’ll have to make money.

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Selling it to yourself, living in it for one year and then selling it again sounds a lot like a scheme to avoid tax and you would likely fall foul of the taxmans green audit pen IF you were caught.

The way around this is to mount a reasonable argument for why you had to move into the property and then why you decided to sell after a year.…[Read more]

Hi,

The rules about changing the trustee will be outlined in the trust deed.

I can’t see why there would be a stamp duty/CGT issue as the assets are not be disposed of.

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi EmmaB

Welcome to the forum. Thanks for your post and I wish you well with your searching.

As far as a glossary goes, try this one:

http://www.ljhooker.com.au/buy/buy_one.php?list=gloss

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

quote:sorry i have many questions, because i am new to property investing. SO i need you guys to give me some enlightenment.

He who asks no questions gets no answers!

quote:Ok, so i have decided to go for Interest Only loan, so do i go for Fixed Rate or Variable?

What’s your intention with the property. If you see yourself selling within…[Read more]

Terry –

Yes please! I’d love to know how it all works out. This is an excellent ‘case in progress’.

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

The more people find out about +ve cashflow the higher prices go… watch out what happens when the book is released []

Seriously, it’s all about supply and demand.

Now Soosh… mate… quit asking questions and whip [] your husband into shape. Tackle the hard things first!

Cheers,

Steve McKnight

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Remember that success comes…[Read more]

Hi,

There is some pre-reading to complete which Brent should have notified you of.

If you haven’t received it then please contact him at: brent@propertyinvesting.com

Beyond that… I think what AD has said about having an open mind is all that’s required. The notes provided are quite detailed.

Cheers,

Steve McKnight

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Remember…[Read more]

Enough.

You’re out Paul277 – permanently.

All posts, no matter what the content, will from here on be deleted.

I’ve grown tired of your nonsense and abuse.

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

What’s the secret?

There are two reasons why I run seminars.

1. I don’t have a job as such, however I still need to generate capital to continue my investing to achieve my goals.

2. I actually enjoy sharing with others and have an interest in trying to help them on their own journey to financial independence.

I’m not a charity. What I…[Read more]

What’s wrong here is that the average Australian is borrowing too much for their homes compared to their incomes.

This was echoed by the RBA governor in his recent speech.

It is more evidence that says when interest rates go up, people who have been fooled into buying -ve geared property will lose a lot of money.

People who overborrowed for…[Read more]

Enough!

I’ll not let one person with a chip on his shoulder cause the integrity of this forum to be questioned.

AD is right, if by my actions history deemes me a fraud then let it be so. But until then, let’s ALL focus on helping other people achieve their goals with helpful posts.

Steve McKnight

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Remember that success comes from…[Read more]

Paul277,

I am in no way associated with selling property as a backend to seminars or this website.

My aim is to teach people to fish, not fish for them.

Regards,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Apologies for not responding sooner but I am on a deadline for the book.

Paul277, to answer your post directly as requested…

The point where I get confused is where you write:

quote:Now if i have a budget of say $200 per week that means most houses are going to be worth between 170k and 200k

At this amount the property would not be…[Read more]

Hi,

What was the source?

Regards,

Steve McKnight

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Remember that success comes from doing things differently.
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