Forum Replies Created
Hi Shaun,
I’ll see you there!
STATUS UPDATE: (12:30PM 29/6/04) As I type about 30% of the tickets have gone.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
We live in a democracy where the government of the day sets social policy.
As a Christian I see the value of giving someone who needs help a ‘no strings attached’ handout.
As a taxpayer I sometimes get frustrated at the inequity of it where you here sensational stories of families having kids to live off welfare.
Whether it is right or wrong is a personal choice. If you don’t like it then there is no point arguing with someone holding an opposite view on the forums here.
Instead, contact your local MP and tell him/her how you feel.
Oh, and my final comment – I always thank my lucky starts that I’m in a position where I don’t need welfare to survive. I don’t for a second envy those who do rely on government handouts to make their lives easier, whether through choice or life circumstance.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
In a nutshell, wraps are a form of private finance, which, by itself is neither ethical nor unethical.
It’s the person applying the technique that puts that flavour on the deal.
Are most investors who use the technique unethical? That sounds like a big call to make.
What I’d say is that most of the stories in the press seem to relate to investors who unethically applied the wrap strategy.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Go easy folks… share your toys and play like friends in the sandpit.
Personally, I’ve never advocated buying in rural hamlets. I advocate investing in areas with expanding infrastructure.
Still, nowdays I have changed my approach again to something that is neither location nor price specific. Actually, outlining this approach is exactly where I’m up to in writing my 2nd book.
Bye,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
lol
No t-shirt. The New Zealand CD product will be ready early next week. Stay tuned for more info.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
Seems that the bandwagon is now across the Tasman.
http://www.nzherald.co.nz/storydisplay.cfm?storyID=3574363&thesection=news&thesubsection=general
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
I’m happy to help and am pleased that you enjoyed the book.
I’m about 50% through Book #2 and hope to have it ready for publication in mid-October.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
Don’t forget there is a Wraps Association that has regular meetings around the country, Melbourne inc.
http://www.financewraps.asn.au/
Bye,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
We have [biggrin]
More like 50 or so… but we have also traded out of some of our other deals under the ‘multiplication by division’ strategy.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi Dan,
Thanks for dropping by and sharing all those links!
Tell me when your site is live and we’ll link up.
We have some awkward moments from time to time, but we always try to help whenever possible.
Bye,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
A few comments.
First, this is a very interesting article, however it remains one man’s opinion. I’m sure the RBA would have a different view on some of the topics raised.
Second, if you have a long-term settlement then it would be wise to compare that with your position of the market going forward. For example, if you thought prices would drop, why would you hold the investment?
Finally, if you could settle early top secure finance you’d have to weigh up the cost:benefit of this and whether you have the available funds to settle now.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Tip:
Positive cashflow deals are made rather than bought.
Tip:
The more removed you are from the problem the longer it will take to profit.
Tip:
Cash is more valuable when it is in short supply. Remember this when negotiating.
Tip:
God invented paint to fix up brown houses, which always seem to sell for less.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
I’m inclined to agree with Rob. I can certainly remember the dark days of loan-calls from the early 1990’s.
However, recently looking through some of my loan agreements on investment property (for the book) I can’t see any clause that allows the bank to recall a loan that is not in default.
Having said that, the LA does give the lender the pwer to look through the property and has to approve tenants etc. Practically this never happens, but I guees it could be a clause relied upon to suggest a default situation.
Still, Bill’s warning (although a little like Chicken Little) does hold merit. I too am worried that investors are rushing to NZ like the gold prospectors of yesteryear.
Rob’s comments about due diligence are very well made. I add that offshore investing is always more risky as control is more remote. There are plenty of opportunities, but never allow greed to override commonsense.
Nice to hear from you again Bill.
Regards,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
This post was moved here because it is an opinion and this is the appropriate place for it!
Trust me, I tried with other mortgage brokers but had no joy. Once again, Leonie spotted and capitalised on an opportunity that was available (at that time) to any mortgage broker.
I’m sorry if other people feel offended. That was not my intention.
Regards,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
visit http://www.propertyinvesting.com/11secondsolution
Bye,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
The difference is probably members who have selected not to have their identity known when they log in.
You can see the people online in the Active Members area (under Members option in left hand menu that appears after signing in).
Still, I’ll follow it up.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Congrats Monopoly,
I think it’s important to remember that forum moderators certainly don’t have an easy job.
They are subject to criticism for simply trying to retain order. I’m very appreciative of all the hard work moderators put in.
Regards,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi Lambsie,
The boat, so to speak, is the opportunity to make changes to tax structures prior to the end of the financial year.
Specifically, if you decided to set up a trust, it needs to be created prior to 30 June in order to receive 2003/2004 tax year distributions.
Accountants may only make use of a strutucre if it is in place prior to 30 June, and indeed tax planning is best done prior to the end of the tax year.
Family’s doing great… thanks for asking!
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
My knowledge of tax is that deciding to realise a few properties would not make you a trader.
The issue of being a trader or not comes down to a question of your intent at the time of buying. Sure, if you’d only owned the property for a few months (or you decided to flip) then yes, then 100% of the gain may be classed as taxable income.
However, choosing to sell a property now in line with a documented investment plan is simply the realisation of an asset on favourable terms.
Still, it’s a valid point and something that should be discussed with your accountant.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
Just clarifying…
It’s appropriate for people to advertise in a signature at the bottom of posts. That way people can get in touch as needs be.
It is inappropriate to ‘hawk’ services via explicit posts or through personal messages.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently



