Tails277,

OK. You’ve had your say, unsubstantiated and without basis as it is.

My opinion is that it is much easier to be Chicken Little than it is to be Nostradamus.

Please honour your word and don’t come back.

Regards,

Steve McKnight

**********
Remember that success comes from doing things differently.
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Tails277,

On this matter I feel that your ignorance detracts from an otherwise interesting perspective.

I don’t invest in dumps. I earn far more than $10 per week +ve cashflow. Your generalisations show your lack of research and understanding.

Come to the Masters seminar and let me show you how it all works.

Bye

Steve…[Read more]

Please read the forum rules that you agreed to before posting!

Steve McKnight

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

Hi,

Please, be respectful of other people’s opinions.

While I don’t agree with Tails277’s opinion, his concern for investors is apparent and he has no visible alterior motive.

Any good debate needs those campaigning for the positive and negative arguments.

I’ve certainly valued the discussion and feel it has been for the good of…[Read more]

Hi,

Anything worth doing is worth doing well!

50 properties sounds like a lot until you get there!

If you can develop a system rather than a deal-by-deal focus you will find that it becomes a replicable process and as such your results will accelerate.

This will be wise words to people with a system, and cryptic nonsense to those…[Read more]

Hi Tessie,

Can you provide more information about “KeyStart”, such as a weblink?

I have heard about it , but would like to know more information before commenting further.

Thanks,

Steve McKnight

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

Hi,

My immediate reaction to Leigh’s question was that it was a bad idea.

The only way that I would consider doing something like this is in the full daylight of complete disclosure to the bank.

It’s a tricky issue. But I think there is a difference between answering questions and deliberately creating a situation with no other intention other…[Read more]

Hmmmm,

Is this being a bit cheeky? []

Written on the Masters Tapes as clear as day are the words ‘Not For Resale’, which IMHO also includes bartering on a non-cash swap.

In the end I can’t nor will I police it, but this seems like scarcity rather than abundance to me.

Bye

Steve McKnight

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Remember that success comes from doing…[Read more]

Hi,

This sounds promising to me. Remember that good tenants exist everywhere.

Population growth is certainly a factor that I watch closely, however it pertains more to capital growth than it does to cashflow returns.

I’d like to know the rent before commenting further.

Bye

Steve McKnight

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Remember that success comes from doing…[Read more]

Hi,

I’m not sure what Rick’s product says on the matter but I strongly advocate 100% disclosure.

It makes no sense to build an empire on foundations of anything else than total honesty.

Sure, it might be harder to get deals across the line… but it is peace of mind that what you are doing has been properly set up.

Cheers,

Steve…[Read more]

Hi,

I noticed that PropertyValue have recently taken down some of the median house price data that was previously a part of their free postcode profile report.

Luckily, the information that is missing can be found via the free sample report at:

http://www.homepriceguide.com.au

Cheers,

Steve McKnight

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Remember that success comes…[Read more]

Hi,

I had a similar probelm when I began.

We set up a new company to separate our accounting buisness from our investing activities.

It wasn’t easy, but the way around the problem was for us to go personal guarantees for the loan, thus lending our credit history to that of the new company.

Regards,

Steve McKnight

**********
Remember that…[Read more]

Hi Tails277,

Thanks for contributing your opinion. And thank you Matt for your contribution too.

Please don’t lose site about the nature of this post. Tails277 has a valid criticism of my lack of years experience and it is expressed fairly.

It’s healthy to question whether or not an investing technique is appropriate, and if my approach is…[Read more]

quote:You are as naive as the rest of the people in this forum.

This insult to the forum is not justified and is out of order. [!]

If you do not concur with the posts then you have every right to disagree in a constructive manner. But no name calling or mud slinging is allowed.

I wouldn’t consider a $30,000 property renting at $100 per week a…[Read more]

Hi,

I am putting the finishing touches to a product that will answer your questions in this area.

I expect that it will be ready in March.

Bye

Steve McKnight

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

Hi,

Thanks for your post and welcome to the forum.

For websites… check out the Web Links area.

For books… do a search on the forum as this topic has been raised before. Maybe it would be a good idea if we added a ‘recommended reading’ area.

Cheers,

Steve McKnight

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

Hi,

I don’t think you sound at all stupid.

The depreciation expense doesn’t ‘go’ anywhere.

It just reduces the amount of trust income that needs to be distributed to the beneficaries.

In the example, without the depreciation, the amount that would be distributed is $20,000. After depreciation, the amount falls to $10,000.

If this still…[Read more]

Hi,

The great thing about this forum is that people are welcome to have and express alternative opinions.

If you can’t find any +ve cashflow propertiers then no problems… no one is forcing you to invest that way.

For me though, I can continue to find and buy a range of properties and to date my strategy has worked well.

As the market changes…[Read more]

Hi,

I have finalised dates for the next API seminar, booked the speakers etc.

I have now committed to change the pricing effective from the end of this month.

From 1 March the price will be $2,195 per person with a 75% discount for bookings of two or more people.

Those that have pre-booked or registered their interest may still have the old…[Read more]

Hi,

Welcome to the forum!

One value is for positive cashflow and the other value is for bank lending purposes (ie. it has to do with acceptable bank risk vs. cashflow returns)

Bye

Steve McKnight

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