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March 7, 2004 - 4:15 am

I’m doing a 71 lot subdivision in Ipswitch because of the demand in that area I think you will do well, is the house on blacksoil … regards Phil

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March 7, 2004 - 4:03 am

I would ask him why he is confusing integrity with money, by his reckoning he would work for nothing, secondly I would explain that the additional profit you make was due to a cosmetic renovation and property improvement.

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March 7, 2004 - 3:50 am

Do you want positive cash flow at $5.00 per week or be in a market of 20% plus growth, my question is how much negative can you afford to be in a growth area because many positive cash flow areas have long periods of negative growth so therefor you INVESTMENT is doing nothing … clarity leads to the truth … what are the figures, because the numbers don’t lie … regards Phil
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March 7, 2004 - 3:42 am

There are bargins in every area but you must become an expert on the DEMAND in that area, many people make stupid mistakes because they believe that all markets in the same product (property) are the same, and they are not … do your home work and trust the stats.

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March 7, 2004 - 3:29 am

I am sure that if you are young with no children renting is not a problem when you own investment properties, however when the partner comes along and a few anckle biters come out the pressure of living in your own home come to the front line.
After all it would not be a nice experience if you had a family and the land loard wanted to sell the property you are livimg in.

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March 7, 2004 - 3:20 am

The underlying factor is that demand in certain markets is outstripping supply, take a look at Queensland and in particular the experts predictions on the growth this year alone of the market between Brisbane and the Gold Coast (Coomera 25%+).
An expert seeks out denand hot spots, like the stock market some sectors fall while others boom, isn’t that what investing is all about … look for the boom and don’t get caught up in the gloom.
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February 5, 2004 - 12:04 pm

If you have a million dollars in Tasmania you are rich if you have a million dollars in the Eastern suburbs you will be less rich.

Having enough money to live the lifestyle you want if you had to stop work tomorrow.

When can you afford to stop???????

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February 5, 2004 - 11:58 am

Going back to Steves origional question I think that proper and thorough due diligence will aid the sophisticated investor.
The gloom merchants who have their blinkers on do not see the savy investor making a motsa in another area.

Remember in gloom the RICH boom … regards Phil

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February 5, 2004 - 11:48 am

Vacant land is non income producing, I hope it is waterfront otherwise I would …

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February 5, 2004 - 11:45 am

Check out whats happening at MIDGE POINT and Laguna Quays Resort 69km north of Mackay and 15km south of Proserpine.

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February 5, 2004 - 11:29 am

Securitisation is the process of converting cash into securities, cross securitisation is technical can you tell me more information, ie: give me more clarity to you question. Phil

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February 5, 2004 - 11:19 am

If the numbers dont work dont rework the numbers, investing is not a race, did your father tell you the storey of the old bull and the young bull talking at the top of the mountain looking at the heard???

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February 5, 2004 - 11:13 am

Have you considered purchasing your investments in the name of a TRUST there by you can disperse profits accordingly. If you are buying property (investments) in your own name and you get sued you could loose the lot, ASSET PROTECTION, if you are not good luck!

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February 5, 2004 - 11:09 am

I have tapped into the I.T industry who have incomes in excess of $100,000.00 these people want LIFESTYLE at an affordable price and this area is the answer. If a market is dull in one area it is booming in another, you just need to know where to look, cheap is not always best, there are millions of dollars trading hands every day take the blinkers off. regards Phil

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February 5, 2004 - 10:55 am

The tax department may challenge you on this one as although it is your primary place of residence you will be deriving an income from a greater portion than you occupy, I suggest you get tax advise on this, my guess is you will lose as many before you have tried.

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February 5, 2004 - 6:57 am

I’m not only going to help my twin girls out I am going to teach them how to multiply it, its not only giving that is precious its that the teaching we give we last long after we die.

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February 5, 2004 - 6:53 am

My question is if the guy is so solid why is he attached to those boof heads at Rich Mastery??

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January 15, 2004 - 8:49 am

1965 – Credit squeeze
1972 – High unemployment
1981 – Mini correction
1990 – Gulf War – 18% interest rates – Pilot strike – the recession we had to have ( Keating) – building industry crash.
1990 – 1994 dead market
1994 – 1998 prices doubled
1998 – 2000 quiet market prediction of gloom
2000 – 2003 lower interest rates houses boomed again

2004 – my prediction is well located property (investments) can’t go broke.

Regards Philip

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January 15, 2004 - 8:39 am

WE are currently undertaking to develop 40 townhouses in Coomera next to Dream World. West Field is planing to start construction of the new shopping centre, Coomera is predicted to become larger than Robina, I personally feel pretty confident.

Check out Residex and perform you normal research, good luck … Philip

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January 15, 2004 - 8:30 am

Have you done the numbers on a cosmetic renovation to say a second hand well located two bedroom unit close to excellent ammenities.

I enclude a furniture package(tax deductable) as a give away incentive to a tennant if they sign a two year rental guarantee.

regards Phil