Hi jspri … revenge is sweet.

I suggest you do the same to them this year (4 year old gift) but pleeeeease get a photo of them when they open it and send me a copy.[thumbsupanim]

regards Phil

Hi LifeX

May be they are on the river that used to flow past the pyramids

DeNile !!!

Hi Mike how r u … yes similar to other post, but this one is concentrating on (i hope) why Australians are getting further into the debt trap.

I’m not that old mate, i’m still in the top 8 in my golf club. It seems to me, and the warnings are proving it, that Aussies (the younger generation 18 – 35) have changed their SPENDING HABBITS.

We have…[Read more]

Hi Mike,

What you think about and focus on will come to you in the perfect time.

Plant the seed and the tree will come.

Don’t be impatient, time is a funny thing.

Every thing you see and touch is the product of thought, and has value to some body.

Your non performing assets could be put to better profits else where.

If you think you can or…[Read more]

Hey Terry …
The deffination of an economist is some one who reads the past, not the future … Phil

Terry, Michael does not need to get a line of credit on his house (principle place) to do a sub-division, think out side the square.

Regards Phil

Hi Michael,

Just saw your comment on the bottom of your post, thanks mate!!, you bad boy he! he!.

Mike, i would focus on developing your acerage in Bundy, is that possible?, 40 acres can be developed into ????? can you give me more info please eg:

8 x 5 acres or 20 park res blocks @ 2 acres each … what will the council allow. I own 130acres…[Read more]

Hi Michael,

Yes but where are the opportunities in this mate??. Don’t become a doom and gloom person like Neil Jenman, and others (80% of what he does i admire), i can promise/guarantee you and all those sceptics out there that money is made in all types of property deals wether the market is rising of falling.

In America they call this the…[Read more]

I’m building a new web site that will be active next week but in the mean time you can see them on my old site at http://www.assetcorp.com.au under 101 – 151 – 201

Thanks mate … Phil

Hi Smetham,

We are running two posts on the same topic on this subject (actually i have a post running on too many posts with similar questions…get my point now!!) ANYWAY

MHO The point here is i believe (no i know) that there is a bucket load of people who pay cash for these because their money is in the bank or an old super fund returning…[Read more]

Hi Domo, CG is the big question, in fact i don’t expect there to be much, i really don’t know.

I am guessing that they will grow in popularity like car spaces in the city, just a hunch.

I sold one to a bloke who parks his two rollers in it with a car hoist, another to a bloke who stores his wine, another to an electrician.

I asked them all…[Read more]

Domo you can sell anything if the returns are good, also these are attractive because they are more affordable (cheap) so there are more buyers.

As for selling, well that relates to anything including houses in a bad market. I would rather be caught with a $40,000.00 storage unit than a $200,000.00 house in the country in a bad market.

Phil

My personal experience is that there are many, and i mean many investors out there with less than $75,000.00 cash who buy these types of investments.

Not every body who purchases investments (property included) does so with debt. This is an area my company is proceeding in very strongly.

Regards Phil

Hi Domo, not every thing in life is a con, we are about to develop strata storage units in Sydney and Gold Coast.

I think they are fantastic for a variety of reasons not including ROI.

Regards Phil [cap]

Hi Princess, Yes I have used one of my companies Residential Wealth Pty Ltd, to purchase land, build houses/duplexes etc and on sell through agents.

My main company ( The Asset Group P/L ) and others are never used for this purpose.

Regards Phil … talk to your accountand and legal people, plus get good tax advise … good luck

There is one point I would like to make here and that is, I did not say GET RICH QUICK!, once again people have interpreted the post incorrectly.[angry2][angry2]

I said QUICKER eg; from 20 years down to 15 years etc, not over night but over time, I hope you read contracts better than reading post questions … sorry, but this seems to happen a…[Read more]

Hi qwerty, i’m just back from Qld so here i go, thanks for the suggestion on spell check, i must learn to slow down (when i get the time).

One answer from my experience is that as i have had the great country properties, i have also had many a problem with them, not only from tennants but also wear and tear which at times is very taxing (dealing…[Read more]

Hi qwerky, he he … an old mate of mine told me the secret of GREAT wealth is not to divorse your first wife … sorry [biggrin][biggrin]

My net worth … i don’t have to go to work

You are about to become very confused and attract many experts into your life with many theories and opinions of what and how to do it … poor thing!!

When taking advise ask to look at the bank account and assets of the person giving the advise, this will eliminate about 95% of them, you may find that the little Italian green grocer in the…[Read more]

Yes Marc you have a good point you can read the market with the type of questions that are comming in.

I sort of think that there are two sides to this storey or post, one is that there may be a standard question and answer and secondly another level of practiced realities.

I know there are millions of questions but are there millions of topics…[Read more]