Hi,

There is some pre-reading to complete which Brent should have notified you of.

If you haven’t received it then please contact him at: [email protected]

Beyond that… I think what AD has said about having an open mind is all that’s required. The notes provided are quite detailed.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

What’s the secret?

There are two reasons why I run seminars.

1. I don’t have a job as such, however I still need to generate capital to continue my investing to achieve my goals.

2. I actually enjoy sharing with others and have an interest in trying to help them on their own journey to financial independence.

I’m not a charity. What I know has cost hundreds of thousands of dollars to learn. I’ll not cast my pearls to swine (that’s a biblical reference, not a slur on any member), which is why I put a fair price on attending my seminars.

I’m all about education and completing a property due diligence before doing anything.

The bottom line is this… if you want what I know then you’re going to have to pay for it. You’ll either pay me and leverage off my mistakes and knowledge.

Or you’ll do it alone and pay for it indirectly by making your own mistakes.

The choice is yours. I offer a ‘take it or leave it’ service – there is no obligation to buy… yet I will point out that this website resource is 100% funded by the profits it generates.

Regards,

Steve McKnight

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Remember that success comes from doing things differently.
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Enough!

I’ll not let one person with a chip on his shoulder cause the integrity of this forum to be questioned.

AD is right, if by my actions history deemes me a fraud then let it be so. But until then, let’s ALL focus on helping other people achieve their goals with helpful posts.

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Apologies for not responding sooner but I am on a deadline for the book.

Paul277, to answer your post directly as requested…

The point where I get confused is where you write:

quote:

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Now if i have a budget of say $200 per week that means most houses are going to be worth between 170k and 200k

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At this amount the property would not be cashflow positive since rent would maybe only just cover interest. As such I would not buy the property.

The properties I focus on are generally cheaper in regional areas. When I began investing, what I found was that the property where I rented cost us $200 p/w in rent and was worth approx $270k, yet in Ballarat, I could buy a house where the market (not inflated) rent was $120 per week for just $44,000.

Because my focus was yield rather than capital gains I decided to invest in Ballarat rather than Melbourne.

quote:

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now for it to be cash positive to recieve $200 rental per week you would have had to purchase the property for 100k.

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Yes, this is right in theory when you apply the 11 sec solution. Just be careful though… as property becomes more expensive, borrowing more money might cause the property to be -ve cashflow. It’s important to do your due diligence.

quote:

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Surely a renter will be ably to see the difference between a property worth 100k and 200k.

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I agree with you. However, the difference is in the market where the properties are. A $100 p/w property in a market where rents are normally $200 p/w/ might mean that the dwelling is of lower quality.

On the other hand, a property rented at $200 p/w in a market where the rents are $100 p/w suggests that it would be of superior quality.

In the end, the point of the matter comes down to what market are you investing in.

The REIA has data for median rentals for houses and units in most markets.

Regards,

Steve McKnight

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Remember that success comes from doing things differently.
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Paul277,

quote:

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Free speech is not allowed in this forum…

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Please. I have gone to great lengths to try and outline that any post that contains:

quote:

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…or transmits any unlawful, threatening, abusive, defamatory, pornographic, profane or otherwise offensive information or material of any kind, including, without limitation any information or material that might reasonably encourage conduct that would breach any civil or criminal law of Victoria or other applicable place;

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will be deleted or edited. Many of your posts contain defamatory and offensive information and as such need to be modified or deleted.

For example, when you say:

quote:

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go do the dishes

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This is sexist nonsense that has no place on the forum. If you are unaware of how your comments might be taken then seek advice before posting.

This is not a personal issue against you. It’s like saying that if you want to use the road then you have to adhere to the road rules, or, if you break them and get caught, suffer the appropriate penalty.

I’m not sure how else to say this. I was hoping that given the improvement in the quality of your posts recently you might have had a change of heart towards this facility.

Regards,

Steve McKnight
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Remember that success comes from doing things differently.
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Hi,

Why wouldn’t you invest for BOTH capital gains and income returns?

The discussion here seems to be you either get one or the other…

My experience is that it is possible to get both.

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

If all you did was make money, then you’d have to make money.

The question then (in my mind) is does this investment make money from day one.

Crunch the numbers and I expect that it won’t, which is why you’ll receive tax benefits (ie. write off the loss).

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Andrew asked me before making this post and I was happy to help him out.

Please direct your questions to his e-mail account.

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Well Said.

Let’s move on…

Steve McKnight

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