Hi Bob,

Thanks for your post.

You ask:

quote:
Does Aust have this type of encumbrance on a property and where would I start to look for these properties in WA

No, tax liens do not exist as such in Australia. The circumstance giving rise to the lien (ie: default on paying rates etc.) certainly does happen from time to tim, but the recovery…[Read more]

OK,

What’s been said covers just about all the bases.

Let’s move on!

Bye

Steve McKnight

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

One of the advantages of lease-options is that because you are just setting up a normal residential lease, it is much easier to get finance as banks assess the loan under normal lending criteria.

So, you’re right!

Bye

Steve McKnight

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

Hi Emma,

Thanks for your post and welcome to the forum.

I think you have been given some excellent tips on this post.

Might I just add that you firmly understand the difference between positive and negative gearing.

What is it that you expect from your property?

Do you want capital gains or cashflow?

What’s the end goal? Financial…[Read more]

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.
**********

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

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Remember that success comes from doing things differently.
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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

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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.
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