Forum Replies Created

Viewing 20 posts - 861 through 880 (of 1,712 total)
  • Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Shaun,

    We are still applying the same model as outlined in 0 to 130.

    Buying positive cashflow deals and making money.

    Cheers,

    Steve McKnight

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

    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,

    Points noted. The tape was actually in existence before the book was written, and the potential for duplication is why it is so reasonably priced at $16.20 for book buyers.

    In any event, Fast Track 2 is on the way, which will correct this issue.

    Cheers,

    Steve McKnight

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

    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

    SIS,

    but, there is a benefit, if you dont plan on selling the property ever, best to claim as much depreciation as possible.

    Never say ever?

    What about funding a replacement asset when the other one wears out… just be mindful of the Ansett lesson and an old fleet.

    Still, you’re spot on when you say there is a benefit… but just be aware that it can be a double-edged sword.

    On a different note, thanks for your continued support with this forum board – it’s much appreciated.

    Good night,

    Steve McKnight

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

    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,

    Just remember that depreciation is tax deferral, not tax saving.

    Negative gearing is a useful strategy, but only when the market is appreciating at more than the associated loss.

    On a slightly different topic, on last nights MAP conference call, one of the participants as found a property that is $4k p.a. +ve cashflow based on 100% finance… any thoughts about this?

    Cheers,

    Steve McKnight

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

    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 60:40 in favour of the belief that interest rates will rise by .25 basis points.

    Time will tell.

    Cheers,

    Steve McKnight

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

    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

    Hey there [winking]

    Well done Maxi, very talented in oh so many ways…

    Love your work [:D]

    Cheers,

    Steve McKnight

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

    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,

    Shesh… all i said was:

    1. Is it a bit rich to come on a forum which I pay for and declare that you have an illegal copy of a resource that other people have paid for?

    That’s not too harsh is it?

    To me, this is a simple matter of breach of copyright.

    You have a copy of something that, whether you realise it or not, ought not have been copied. I am only standing up for the rights of those that paid for the material who should not be disadvantaged by those who have not.

    Steve I’m sorry if I have caused you any harm as this was the last thing I wanted
    But please if you have a problem with something I write about on the forum in the future
    I would prefer that you PM or email me to let me know you have a problem, as I do not consider it very professional to Embarrass Members of a public Forum.

    Well, I don’t regard it as fair play to make an illegal copy and then use this resource to flaunt it!

    Still, no harm taken… only a slight cheek sting since I see this as a slap in the face.

    there are many rich fobs like rob kio and steve mc etc etc etc and they are happy to give a certain amount of information up, but if you want the important stuff, then you have to pay, here they are rich and comfy and quoting all this stuff, but all they want is more money, more money, more money.

    [dazed]

    Aw heck… you’ll never get anywhere with this attitude. ‘If you want the really good info hey?’ – make makes it really good – the price?

    LOL

    Enough of this – move on to more positive things.

    Bye,

    Steve McKnight

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

    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,

    If you see the same washing machine at three different stores, are you obliged to go back and buy it from the first store?

    I’d suggest that unless you have made a promise, go with the one that gives you the best service.

    Cheers,

    Steve McKnight

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

    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

    ‘Newbie’ is a thing of the past!

    This was one of the reasons for changing the titles.

    Cheers,

    Steve McKnight

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

    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,

    A couple of things:

    1. Is it a bit rich to come on a forum which I pay for and declare that you have an illegal copy of a resource that other people have paid for?

    2. As for the cost… people have to value the information on offer. If people aren’t willing to pay the $2k to get the education then I doubt the information would be of much practical benefit because they probably wouldn’t be the action takers that would use it to acquire a substantial property portfolio.

    Cheers,

    Steve McKnight

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

    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

    [glum2]

    Aw, it was all in fun…

    OK, it’s back to more respectful system.

    Cheers,

    Steve McKnight

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

    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 matter of ownership status:

    Lease-Option: Tenant (lease agreement or right to occupy with also an option to purchase)

    Wrap: Purchaser (formal sale contract signed)

    Getting creative, some people like the idea of having an initial lease option while people prove their ability and then convert it into a wrap at a later date.

    Cheers,

    Steve McKnight

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

    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 Misty1,

    Welcome to the forum [:D]

    Risk and return are always present in every investment, but not always in equal amounts.

    For example, risk can be mitigated by using a proven system that’s applied with effective management, which will maximise your return at the same time.

    This (system and management) explanins how I’m able to make positive cashflow from deals while other people struggle to see the profit.

    When you understand this you see that the property (location etc.) is incidential to the profit… what is critical is being able to spot the opportunity and apply the system.

    So, to answer your question:

    So- who can give me some advice on steps to do so,for someone who has borrowed 80%l.v.r,is okay with “risk”,& open to even the most adsurd ideas??

    Yes, but only to the extent you have a system to make money from the crazy ideas. If you are flying by the seat of your pants then the more remote the idea, then the more remote the chance of profit.

    Cheers,

    Steve McKnight

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

    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,

    Wouldn’t the creation of new titles amount to the disposal of an asset?

    Wow, the more I think about this, the more complicated it seems.

    I suspect that the ATO has a ruling out on this, and that going to your accountant prior to the subdivision would be smart.

    Let me know the answer!

    Cheers,

    Steve McKnight

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

    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 sorry, but this sort of investing needs a stern rebuke.

    Rule: Every sensible investing plan needs an entry AND and exit plan.

    If you have purchased these investments without a plan for how you will repatriate your investment then you have been ignorant in your approach.

    Investing in a foreign country is complicated enough, but once you have a structure formalised there is even less flexibility.

    I suggest you seek immediate paid professional advice (in Aus and NZ) to clarify your position so that you can regain control of your cashflow as soon as possible.

    Rule: Control over the cash is paramount in any investment.

    You are right to ask these questions, but they were questions that should have been thought of and answered prior to investing.

    Learn the lesson for next time.

    Cheers,

    Steve McKnight

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

    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

    Ah… the comfort zone. Just imagine what the MAP people have to put up with [grin]

    Yep – I agree the changes may take a while to get used to, but I was becoming sick of redirecting posts in the general area to the correct forum.

    This general forum is for posts that don’t fit elsewhere.

    As for the wraps forum… all the old posts are still there in the archives area, but the posts seemed to be changing character to being more creative rather than just about wraps, so it was time for a rename.

    Cheers,

    Steve McKnight

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

    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 won’t say it can’t be done… but the admin function I see only has 6 options.

    Personally, I like the stars as a symbol of participation. I don’t think that it represents real estate knowledge or experience.

    Cheers,

    Steve McKnight

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

    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,

    Yep – It’ll most likely be a topic in the May newsletter.

    Thanks for your interest.

    Cheers,

    Steve McKnight

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

    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 Sly,

    Mate – new wine for new wineskins!

    There were more chapters in the book than just buy and hold.

    Interestingly, some of the MAPPERS have found great deals in NSW… so they must be out there.

    Cheers,

    Steve McKnight

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

    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,

    If you have a complicated set up then I’d recommend Paul Harper from Jeena Partners.

    Jeena Partners
    Level 16/ 390 St Kilda Rd
    Melbourne 3004
    Tel: (03) 9820 0122
    Fax: (03) 9820 0188

    Cheers,

    Steve McKnight

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

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

    Success comes from doing things differently

Viewing 20 posts - 861 through 880 (of 1,712 total)