On the other end of the scale in Sydney the upper end is flourishing, prestigue homes around the water front are getting record prices.

In some of my seminars i referred this to the (PP) princes and the porpers effect. In bad times the people who are most effected are the middle to lower class, also the highest taxed, while in general the richer…[Read more]

Thanks Steve its nice to see that you got the point, the other replys went off in another tangent once again which happens often here(except Simon)

Anybody who knows me will tell you the ammount of time i spend teaching young people how to succeed, the point i was trying to make is that a commonly asked question could be redirected to a common…[Read more]

I’m with u Yack … but what about Sydney, a friend of mine (valuer) has had 30 morgagee vals in the last 2 weeks, his prediction is its going to get a lot worse (from a valuer???)

With rates as low as they have been in 35+ years why r people getting into soooo much debt, something has to give !!!

Asset Group Pty Ltd 02 98162888

asset accounting Pty Ltd 02 98162888

How about Denile cresent …

If your CRA is stuffed how did u get a loan in the first place … ??? …

Michael spells it out very well here, u can write a book on this subject.

Arctic; be careful taking money from people, r u experienced, what if it goes wrong, u can only borrow money from people u know personally and less than 20 in total.

What other security do u have to offer the investor, it must be a win win, have u done the numbers…[Read more]

Hi Johnjee, i’d build

Your origional purchase +++ say $100k = $50k per site.

A duplex at $240k inc. landscaping = $120k each + land = $170k say $180,000.00 strata/legals $10k = $190k = cost.

1. How much can u rent them 4 when finished +ve

2. 100% tax deductions now apply

3. U could sell one and put the profit against the remaining one…[Read more]

Not many replys to this post is Townsville dead, i heard it was boooooming … regards Phil

Ring up my wife she has a BLACK BELT in American express[blush2][blush2][blush2]

Ah SIS i found it! – you are buying properties at market value and not negoiating – please expand for me … cheers[cap]

Tim you are on track well dne !!

SIS – when i come back in my next life i don’t want to come back as your money, cause you would work me tooooo hard he1 he1, love your work and as i have said before mate you will be in the 1% at the top, no problem.

By the way SIS in another post (answer) you mentioned a strategy that you are applying in buying…[Read more]

If you are a virgin in this area u need to allow a min. of two years for start to building/construction stage. Work out the realistic sale of the units at the end of the project and work backwards allowing fr interest and holding costs. Goal; you must make a 35% profit or DON’T DO IT – (my opinion) welcome to my world … Phil

What’s the deal, give me the numbers, how much do you need, is it first mortgage guaranteed, are you willing for me to put a caveat over yuor personal assets as additional security … Phil

Great comments Noodles however, how do you stop Australians spending instead of saving, in my experience the majority of people at the end of the day will tell you to jack off.

Credit card debt in Aus is 27 billion dollars (the highest in the world per head of population).

100% home loans were taboo in the 1990’s only 4 years ago.

over 40% of…[Read more]

Well said Mono, FireC. there are hundreds of stratagies and analaysis applied to INVESTING and not just in property.

I have developed a system called “in the box” which take into account many of the above. If 80% of my points fit in the box then i go for it, the rest is up to god and a little thing called RISK in the hope of making…[Read more]

here’s another small twist 4 you …

How much are you worth today $___________

How much do you want $___________

What is the difference $___________

How are you going to get there …….

[blink][blink][blink]

You get what you pay for – make sure tasks are in writing with performance guarantees – don’t screw them tooooo much we all need to make a living – $10 a week extra equals $520.00 per year – at the end of the day you need to have good raport with them, good luck …

I do my own adds then give it to them that way i know it is done and done correctly secondly my adds sound better because i love my properties.

Negoiate with the best two agents in any area has always worked for me, but stuffups always happen, thats life, try having twins !!!!!!![hair2]