Hi,

Settlement occurs the day the property title transfers into your name.

The time between signing the contract and title transferring into your name is known as the settlement period.

Settlement is not an exciting process – just a bunch of solicitors and other representatives swapping legal documents and cheques.

You’ll receive a set…[Read more]

Sooshie,

I’m sure I speak for everyone here in wishing you a speedy recovery.

See you in hospital with a few more Chapters to keep you entertained []

Warm regards,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

I’ve just commissioned a major redevelopment of the database behind this site.

One of the upgrades that will be made is to this forum to allow for better useability.

I’ll pass your feedback on to the developers – I see there being a problem with implementing your requests.

Cheers,

Steve McKnight

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Remember that success comes…[Read more]

quote:
Hi,

It’s an issue of time and resources.

In front of the Wrap Library redevelopment at the moment is the book and an update to the Masters seminar notes.

We had planned to have the product ready for release by the end of March, but it’s now looking like end of July.

It would be easy just to rehash what I’d done in the first release of…

[Read more]

Hi,

It’s an issue of time and resources.

In front of the Wrap Library redevelopment at the moment is the book and an update to the Masters seminar notes.

We had planned to have the product ready for release by the end of March, but it’s now looking like end of July.

It would be easy just to rehash what I’d done in the first release of the…[Read more]

Hi Joanne,

quote:
I am receiving conflicting advice. Can anyone confirm if ownership takes place from the signing of the contract and all conditions being met or settlement???

Ownership takes place when title is transferred into your name.

Until then you only have an equitable interest.

Now… since I’m in a good mood and it’s Friday I’ll go…[Read more]

Hi,

Thanks again for the feedback… please keep it coming.

Roofarmer – you are certainly right that there’s no money in writing a book.

However, as part of my wider goal to help / educate people it fits into both my ethical / moral values.

Also, a book is a good marketing tool to build up the profile of this website.

Cheers,

Steve…[Read more]

Hi FW,

quote:My only suggestion – in one paragraph you refer to budding chartered accountants, in the next to budding investors.

We now have aspiring chartered accountants and budding investors []

Thanks,

Steve McKnight

P.S. I’ve wrtieen over 40,000 words and am about 70% of the way there.

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Remember that success comes from doing…[Read more]

Hi,

Thanks for your feedback so far… please, keep it coming in.

In reality, Julie hasn’t needed to work for a while now but she is a very loyal employee and feels like she would be letting her boss down by gradually phasing out.

Still, I have been encouraging her to relax a little more and work less… and from 1 Jan this year she decided to…[Read more]

Hi Terry,

I’d recommend doing an Internet search on debt collectors and seeing what comes up.

If it’s not going to cost you anything then I’d allocate at least a few hours, however, there is merit to what Darren has said to just move on and spend your time looking forward, not back.

Still… if you have a tribunal order…

Thanks for…[Read more]

Mr. Adelaide,

Sorry… but it seems that I mistakenly deleted your post when I was doing some clean up editing.

Please accept my apologies []

Bye,

Steve McKnight

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

Hi,

Sooshie has good advice here (she’s not just an excellent cook!).

My input is:

1. If $1,800 was your limit then get out of the deal now because sooner or later interest rates will go up and if you’re forced to sell then you’ll probably lose money. The only saving factor here might be if you are looking to lock in for 5 years at a fixed…[Read more]

Hi!

I echo the welcome sentiments.

Thanks for introducing yourself and making a post. By taking action, even this small step, you’re beginning to build momentum.

The next step for you will be to build a plan, set some milestones and then hit the pavements looking for deals.

Good luck and remember that we’re all here to help you on your…[Read more]

Hi,

A couple of observations…

1. A buyer’s (or a seller’s) market won’t last forever.

2. Your situattion might be helped by including a 24 hour ‘sunset’ clause in our offer… in that the offer lapses if not put infront of the vendor.

3. Point out that you are looking at multiple properties and the vendor that replies first will be assured a…[Read more]

quote:
Offer him two free movie tickets, when he finds you the right house for the right price. That will throw him!

[]

It’s OK to be sceptical, but give the guy a go face to face and you’ll be able to tell how genuine he his.

Bye,

Steve McKnight

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

Hi,

Everyone is different, but I try to make at least $50 per week nett passive income per property I own.

Finding buy and hold deals that generate this sort of return is getting a bit more difficult than it once was, so you’re right that sometimes creative alternatives are needed.

Again, you’re right about the millionaire status. Personally,…[Read more]

Hi Steve,

Thanks for your post and welcome to the forum.

There are a number of options available.

First you can choose an ‘off the shelf’ accounting package such as MYOB or Quicken and then tailor it to your requirements.

Another cheap (and simple) option is to use an Excel spreadsheet.

Alternatively you might like to use a tailored package…[Read more]

Hi Daniel,

I’m sure that you’ll get the presenter’s permission before doing this as no doubt the notes will be subject to various copyright restrictions.

Regards,

Steve McKnight

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

Hi,

Anyone wishing to participate should contact:

mc_jeeves_2010@hotmail.com

I’m happy for people to make these posts provided that they supply a free copy of the final version to people who have helped in beta testing it.

Regards,

Steve McKnight

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

Hi,

This case was actually the one featured in my second (Feb 02) newsletter! To quote from myself:

quote:

Ordinarily there is no problem having a split loan, but the facts in this case are slightly different to the normal in that the investment loan was not repaid in order to claim a higher tax deduction for compounding…

[Read more]