Hi,

Just a word to clear up the confusion re: the video.

When we did the Wrap Library we did it in two releases.

Version one came with Video and audio (CD and Tape)
Version two came with audio (CD) only

We made the change for two reasons:

Reason #1: The cost of packaging with videos was very high and the caddies that we used were difficult…[Read more]

Hi Wendy,

Thanks for your post and welcome to the Property Investing.com community.

First let me say that you are very welcome here and I’d really love you to be a regular on the forum.

But I must let you know that the majority of forum posts are from Australians and the creative market here is less advanced than in the States.

Given this, you…[Read more]

Hi Wendy,

Thanks for your post… although it seems to bit hard to read.

But let’s break it down into components…

quote:
Basically an investor would L/O a prop from selling party, request a delayed down, (if any)with a SPM in 5-10 years or small payments plus a balloon at the end, and then L/O the house to another party and then turn around…

[Read more]

Hi Matt,

I’ll have a go at answering your questions…

q1-funding

When you run out of your equity you need to fund future deposits / deals out of:

A. Your own money. That is you save a portion of your income to reinvest in deals.

B. Your +ve cashflow. Same as (A) above except it’s not your income that you save rather a portion of your…[Read more]

Hi Davlyn,

Welcome to the Property Investing.com community and thank-you for your post.

In respect to your questions…

Q1 – Banks and wrapping

You’d have to ask the bank yourself, although I suspect that since I started my wrap empire the dynamics have changed. One of the big banks lent me $0.5m and then changed their policy once I’d maxed…[Read more]

Hi,

We started off by using a combination of Home Loan Analyser (to calculate the correct interest) and Excel (as the software which we inputted all the details to send out statements).

This worked well although we later found out that the Home Loan Analyser people wanted us to buy a commercial license, so we told them to go away (!) and we…[Read more]

Hi,

I’m not sure about the tenants in common issue and being deemed to have an equal interest. This seems a little bit odd to me as just recently I inspected a property here in Victoria where the title showed three tenants in common with a 60:20:20 split.

This seems to be confirmed by a NSW specific web site I found when doing a search which…[Read more]

Hi Jerry,

Thanks for joining the community and welcome aboard.

I’d be pleased to explain wrapping to you, but first check out this link below and then post the questions you have as a reply to this post and I’ll get back to you.

Link:
https://www.propertyinvesting.com/files/content.asp?cid=wrapintro

Bye

Steve McKnight

Andrew,

What… it actually works?

Shhhh – keep it quiet or else everybody will want it too

Seriously – well done on the follow through. It irks me the number of people who try once and then conclude that it’s too hard.

You have shown the dedication needed to get results, now it’s a matter of leveraging off that knowledge and experience to…[Read more]

Hi Sooshie,

I have finished the editing and the master CDs are being duplicated as I type.

It is still about two weeks away by the time that we mail it out.

Sorry for the delay, but these things take time…

Regards,

Steve McKnight

Hi Gavin,

I have recently prepared a 90 day action plan for the website that will see the introduction of a range of PropertyInvesting.com products.

Included in this I plan to redevelop the original ‘Property Secrets Revealed’ product to be a generic introduction to the world of Property Investing… that is a beginner’s tool to profitable…[Read more]

Hi Sean,

Thanks for your post and welcome to the Property Investing.Com community.

Let’s see abouyt answering those questions…

quote:
1 could you send me a formula for princ&interest loans?

The formula is actually that of an annuity calculation, which makes it quite complicated. If you really want I can look up the formula, but these days…[Read more]

Hi Louise,

Thanks for your post and welcome to the property investing.com community.

There are many seminars available on various strategies when it comes to real estate, shares, off-shore investments etc.

At the end of the day you need to evaluate each course in terms at looking at the content, quality of speakers, the experience that they…[Read more]

Hello Jason,

Thanks for joinging the community and for making your post.

Let’s see if I can help you with your questions…

quote:
How do I go about getting financing for this ? Bank ? Finacial Broker? Mortgage Broker?

Since the deregulation of the banking industry here in Australia there has been a boom in the number of lenders and the…[Read more]

Hi,

I have only heard what has been written in the paper about this issue, which is pretty much speculation at best.

It seems to me that the government wants housing to remain affordable to the first home buyer, which is an interesting policy given the recent FHOG and also dramatic increases in property prices.

I’ll reserve my opinion until I…[Read more]

Hello Michael,

Welcome to the property investing.com forum.

After discussing your post with several independent people I have decided to edit your link as I feel it is disrespectful to community members.

My reasons for this are:

1. While you may have interesting and insightful comments to make on the forum, your only post has been to promote…[Read more]

Hi,

Thanks for your post and welcome to the Property Investing.Com forum.

You ask:

quote:
how do I know what I can and can’t afford?

Answering this question will require you to identify:

1. What your current level of savings is, represented by the difference between what you earn and what you spend. It may be positive or negative.

2. Once…[Read more]

Hi Glenn,

Light 5 hunjies and smoke them? []

Perhaps I need to get to Perth a bit more often…???…

Why not go with the lawyer then… ’cause stuffing around is something to be avoided at all costs.

It might be a bit more expensive, but not compared with missing out on a deal that could make $$$$ and pay for all those hunjies!

Learn and…[Read more]

Hello Glenn,

Welcome to the Property Investing.com community and thanks for making your first post.

You ask:

quote:
As this will be the first time I have engaged a lawyer/soliciter, my questions to the forum are:

1. Do the fees seem fair?
2. Are there any special questions I should be asking?
3. Should there be a separate trust for rentals and…

[Read more]

Hi Felicity,

Thanks for the clarifying post.

In fact, this site does not necessarily owe any affiliate to me and I certainly don’t want it to be the “Steve McKnight” site – such as Somersoft is Jan Somer’s site etc.

I’m more than happy to be an expert, but all visitors should appreciate that my thoughts are my opinion and need to be considered…[Read more]