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Viewing 20 posts - 441 through 460 (of 1,712 total)
  • Profile photo of Steve McKnightSteve McKnight
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    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Hi,

    I don't know about these guys but two Mackay accountants I do know are:

    1. Connole Carlise (Wood St) – I used to work for them.
    2. Noel Spilman & Assoc – My wife used to work for them! (Somewhere in the city heart).

    Of course, make sure they can help you in your area of need and tell them I say g'day!

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Thanks for your feedback guys.

    I will chat to Goldie about the fuctionality on the home page re: mouseover. I will also chase up whether we can get the thread topic in the email.

    I agree about the ads and the news items.  I tend to do the news updates when time permits. I will try to get to it every other day.

    We have a lot of work going on in the background for the site.  There are some big, big improvements a few months away.

    Thanks again!

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Thanks Elka.

    We’ll get these happening for you.

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Coming soon… but not a forum but an entire new section.

    Stay tuned.

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Hi,

    The speed should be red hot now…

    I suggest you clear your cache.

    Please let me know if you are havingn further issues.

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Hi C2,

    Thanks for your input.

    For what it is worth, we upgraded the server, but the problem was not at that end – it was the database functionality on the site, and especially the forums. Snitz, for all its good points, was simply not designed for the amount of use we were generating on it.

    I agree about the testing, which is why the current site is being developed behind the scenes.

    Finally, I have probably answered more of the same questions as anyone else in Australian real estate education. However, while it can be testing from time to time, I’m here to help and I always am mindful that while I may have answered the question many times before, the person asking for help may be doing so for the first time.

    This site is not designed to be an exclusive. I for one would like to help anyone interested in learning how real estate can fast track returns.

    On that note – if anyone would like to be on the beta testing team for the new site then please send me a PM.

    Thanks,

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Just on my previous post…

    The sermon at church this morning was interesting as it drew a distinction between unity and uniformity.

    Uniformity means sameness.
    Unity is oneness.

    On this forum, the aim is to have unity – being united behind a common vision in what property investing – rather than uniformity which would mean that we were all the same.

    I’ll be the first to admit we are not perfect, but everything done at the site here is done with the goal of improving the community.

    I appreciate the feedback, but it would be more helpful if suggestions for improvement could be added rather than simply stating opinions.

    Cheers,

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Hi,

    Thanks for the feedback.

    There are a number of points to be made, and I’ll attempt to make a few of them here:

    1. Forum functionality.

    The simple fact is that this site has far more users than any other, so many in fact, that we recently had to completely reengineer the site in response to the speed becoming so slow.

    An executive decision was made to leave Snitz – the forum software that we had used for many years in favour of another version that could facilitate multiple users easily.

    We can do all that was previously done with Snitz – and more – however it takes time to customise the new software to our exact needs.

    2. Major redevelopment

    Furthermore, another decision was made that involves some degree of short term pain. Back in January I commissioned a major revision to the site that will mean that much of the site as it is now will change.

    The outworkings of this are that the look / feel / functionality of these forums is temporary – a step if you like in a new direction but much less than the finished product.

    3. Workflow

    It’s a shame that what you see does not reflect at this point the extensive amount of work done behind the scenes. Nevertheless, rather than just tarting up the site, we made the decision to fix it once and for all (nearly there) and then make cosmetic upgrades (starting soon).

    4. Sign In

    I was frustrated with the need to sign in everytime I came back to the site too. This has been fixed so that when you log in now, you should not need to log back in again unless you don’t visit the site for (I think) it is 8 days or so.

    5. Always Upgrading

    Despite what I have written above, in response to the feedback I have asked David (Goldie) to go back and take a look at the Snitz forum and replicate the Active Topics functionality that it seems so many people were used to.

    6. Number of Users

    These figures can be misleading because the science to count the number of people on the site is inaccurate. This is not my area of expertise, but when I quizzed Goldie about it he mentioned something about session times. I will find out more and get back to you.

    Once again though, at least in the short term, the decision was made to improve the speed first, and to add increased functionality over time.

    All the best,

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    My contribution is to suggest that before you ever submit an offer it is wise to try and find out the vendors reason for selling.

    Experience has taught me that matching your offer with the vendor’s need for selling helps to get a deal done quickly.

    Another question to ask is ‘is the price negotiable?’. Almost always tha answer is ‘yes’ and this gives you the opportunity to submit a lower than full asking price offer.

    What other questions do people ask?

    All the best,

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Thanks for the post. Your comment about people talking you out of deals is well made.

    Investing is about taking a calculated risk. The risk part comes down to a worst case scenario financial loss, the calculated part pertains to your investing skill and expertise.

    There is no certainty in investing. People will rarely tell you it is a good deal but will be quick to point out why it won’t make money. Of course, comments made are usually an extension of emotion rather than speaking from experience.

    Well done.

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Hi,

    While the RESULTS program is now fully subscribed, the answer to your question is that the seminar provides intensive training over one day, whereas RESULTS provides training and mentoring over 12 months.

    Clearly there is a cost difference too.

    In the end, they are different products aimed at helping investors maximise their property returns using a variety of different strategies.

    Cheers,

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Hi,

    I think the answer lies in the need of the local community.

    Sure – temp. self storage, or any temp. storage, seems like the most logical choice. Make sure you investigate insurance issues though.

    Otherwise, you may find a local business has need of the land for some reason or another. Can’t hurt to ask around.

    Billboards can be expensive to erect and will need planning and building permits. Look in the yellow pages under billboard advertising, or advertising and call a large local ad company.

    All the best,

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Hi,

    Make sure you check out http://www.homepriceguide.com.au

    They now give some good stats for free.

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Hi,

    Is this a property for you to live in, or an investment property?

    I have a personal bias here. I lived on a main road for a few years and was assured that I would get used to the traffic. I never did!

    My friend and fellow investor has a theory here that I subscribe to… an A grade house can attract a D grade tenant, but a D Grade house won’t attract an A Grade tenant.

    I suggest you work out your target rental market, the potential rent, and understand that your property may be cheap now but it will probably always underperform other houses in the area as the roads will surely only get busier.

    Remember though, investing is about numbers, not emotion. If the figures crunch well then it could be a great deal.

    All the best,

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Hi Cam,

    Thanks for your post. You ask a question that every property investor must considerat some point.

    The advantages of buying in your own name are that it is quick, cheap and readily accepted.

    The downside though is that you have very little asset protection and are liable to pay the highest amount of income tax if your taxable income is high enough.

    In your case, because you are self employed in a high risk field, most accountants would suggest that you hold your investments in a separate entity.

    That way, if you are sued professionally, then your personal investment assets will be locked away in another structure an not able to be clawed back by your creditors.

    If you were to own the investment property in your own name then it would be up for grabs.

    I suggest one of the two courses of action:

    1. See an accountant and discuss the pros and cons of setting up a family trust with a corporate trustee. You could then be a director of the Trustee company and also a beneficiary of the Family Trust. An intro meeting will probably cost you between $250 and $500.

    OR

    2. Grab a copy of WealthGuardian (available at: https://www.propertyinvesting.com/products/products/11) as it explains all your various structuring options in quite some detail and also outlined my investment structure. The cost is currently $339.

    Hope this has helped.

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Hi,

    It’s a good question…

    The Wrap Kit was discontinued because it needed to be updated and I didn’t have the time to do it.

    I had plans of releasing a cheaper intro vendor finance product, but again, time has been a problem.

    All the best,

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Hi,

    Depending on where you are, the question of whether or not it is big enough is more a question of the footprint that you can build.

    Assuming you can get a planning permit, your could build a small one bedroom bedsitter out the back… but I’m not sure this would meet many planning codes.

    The bigger issue you will have is having access for parking. Not just a garage, but the turning circle for the car. Also, you will need to be careful about having sufficient private open space for the existing dwelling.

    This is why the positioning of the existing house is so important. Ultimately you will need to have two garages / carports on the site.

    Re: services… anything can be done for a price. I suggest you call the local gas company and ask them what the price and process is. Naturally, it will start to become expensive if you have to run the mains a long way.

    The subdivision is not so much hard as it can be expensive and time consuming.

    And some final advice… the real key to success is not what you buy or build, but how much can you sell the project for as this will ultimately determine if there is any profit in the deal sufficient enough to make it worthwhile.

    Hope this helps.

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Hmmmm,

    I think going down the road of working with the council is better than bunking in for a fight. In the end, they can slap you with an infringement notice and leave you to argue all you like.

    A possible strategy may be to get the tree doc out to say the tree isn’t dead…

    Otherwise, offer to fund some planting of trees in the local area to make up.

    Your worst case scenario is a painful financial lesson.

    Let us know how you get on please.

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Hi,

    I’m not sure how I missed this post, but in reading the comments I would add that any person who is happy to share his or her time by helping others leaves quite a footprint.

    SIS was a welcome and valued contributor. His passing is sad news indeed.

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Yep.

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

Viewing 20 posts - 441 through 460 (of 1,712 total)