Hi,

What would be your goal for doing this?

Bye,

Steve McKnight

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

Hi,

There was no secret agenda here, although I regard all the reponses to this post as precious.

I just wanted people to understand that:

1. Making money is incidential to property investing success.

2. Property investing success is incidential to being passionate.

3. Being passionate is incidential to doing something you love.

Bye,

Steve…[Read more]

Hi,

Interesting discussion.

My thoughts on the Rich Dad thing is why let the truth get in the way of a good story?

Does it really matter that Rich Dad is fake? Only if Kiyosaki first made out that he was real in which case it is a personal integrity issue.

I believe that Kiyosaki’s value is in the output of his teaching methods. I doubt I’d…[Read more]

Hi,

What Phil left out was that I used to coach him in junior basketball about 10 years ago!

Oh how time flies.

Thanks for doing your homework mate… now translate the theory into action by taking action.

Bye,

Steve McKnight

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

Hi,

The confirmation e-mail with all the necessary information will be out this afternoon.

Bye,

Steve McKnight

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

Hi,

I’ve been doing some research into this statistic when writing my book and thought I’d share it here:

Col1: Average 1/4ly growth over 20 years
Col2: Average 1/4ly growth extrapolated yearly
Col3: Years taken for property prices to double (approx)

Adelaide, 1.82%, 7.28%, 9.89 years
Brisbane, 2.21%, 8.83%, 8.15 years
Canberra, 2.07%, 8.29%, 8.…[Read more]

Hi,

Contrary to public opinion, I am not totally anti-negative gearing.

However, I think that’s important to see a strategy for what it is, and re: -ve gearing, it’s about capital growth.

If your goal is financial independence then I think a better model is to build cashflow assets first and then reinvest in capital growth assets out of…[Read more]

Hi Fireman,

Thanks for your post and welcome to the forum.

I thought that Nivia Pryor and her husband, Michael, but out a budget planning template which had good reviews.

Give freestyler’s a call on 1800 626 011. Their website is: http://www.freestyler.net.au/

Bye,

Steve McKnight

P.S. Don’t forget about Quicken, MYOB and Microsoft Money…[Read more]

Hi,

It’s not a matter of where, rather it is a matter of how!

Find problems and then match them with the appropriate real estate investing solution.

For example, you can wrap any value property – but the real art is finding a client that wants the property and can afford the repayments.

The problem solving here is finding the client, not the…[Read more]

Hi,

quote:With low population growth, they are unlikely to show much capital growth, and it might be a hard to get a tenant, but the cashflow should be excellent (assuming around $100pw rent).

Remember that I invest for +ve cashflow so I’m not so fussed about the cap. growth prospects.

The issue of the tenant is very valid though. I use a…[Read more]

Hi,

FNQ… Far North Queensland?

Anyway, some good resources for you:

ANZ bank discussion of Lines of Credit (LOC)

US site that explains the concept nicely.

Bye,

Steve McKnight

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

OK,

This might be arguing a finer point, but I don’t hink you can actually buy below market value, you can only by at market value, since what you pay is market value.

However, you may be able to buy below assigned value… such as improved land value, independently appraised value, below median house price value etc.

There is a fixation with…[Read more]

Hi Patricia,

Thanks for your post. Interesting problem you have there and it underlines the importance of due diligence in a potential acquisition.

Based on the numbers you have provided, I’d walk away. You have used some words in your post that I would think very carefully about.

That is:

quote:This is a gamble, but homes on the canals are…

[Read more]

Hi Pammy,

Last post for the night.

Welcome to the forum!

My thoughts are that if all you did was make money, then you’d have to make money!

The problem with -ve gearing is that it forces you to stay in your job to earn enough money to fund the -ve cashflow and also create income to soak up the tax losses.

Here are four possible options:

1.…[Read more]

Hi Greg,

Great to see you on the forum.

Unfortunately there is generally no CGT roll-over relief in Australia for property like there is in the USA.

As for what should you do re: your property, I’d do what brought me to my investing goal the quickest.

Cheers,

Steve McKnight

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

Hi,

Try http://www.fsbo.com.au

Bye,

Steve McKnight

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

Hi,

By “NII” I assume that you mean National Investment Institute?

As I remember this is Henry Kaye’s organisation.

I have never been to one of his seminars or information nights, although I did have a private consultation some years ago with someone called Victoria.

I was ushered into a room that had Robert Kiyosaki books on the shelf and was…[Read more]

Hi,

Thanks for your post and welcome to the forum.

I’m a bit short of time… but here’s some quick ideas.

quote:
1) Should I sell a property down here to finance the purchase of my PPOR? I am ineligible for a loan because I am currently unemployed (the loan and LOC was approved because of the income of others on the loan). However, i have…

[Read more]

Hi Mark,

I have not spent a lot of time investigating landlord’s insurance, however I have an understanding that may help you.

A landlord’s insurance policy covers tenancy risk – usually both from a income and potential physical damage perspective.

The cost of a policy varies with perceived risk.

Personally, unless I know that I’m dealing with…[Read more]

4Walls…

I diversify! I have property in residential AND commercial []

Re: your laptop issue. Send Brent an e-mail (brent@propertyinvesting.com) and he will try to help you further. You can also ring the office (do it Wed am) on 03 9897 1477.

You gave me a shock for a minute… how could my bank balance being rising so rapidly when I only…[Read more]