I see. It was too easy. I had the suspicion something was wrong.
Boy o boy am I glad I fired that accountant.

May God prosper you always.[biggrin]
Marc

200 meters may be on the far side for any ill health effects but in this case it is not about truth or fiction but about perception from the public.

I would follow the powerline and try to find houses that are in the same position of the one you are interested in and find out if they have any difficulty in renting it.
Not easy to find owners or…[Read more]

Actualy this was imstructed to me by my ex accountant who I have since fired for unrelated matters.
The title is unchanged, only the loan is now on the higher earner’s name only.
I have yet to go to my new accountant with the mess.

May God prosper you always.[biggrin]
Marc

Hi Screming… before you scream some more, it may come as a surprise to you that I did not read your post at all, past the first lines and jumped to your last proposition “So, tell me what your concept of success is… Remember, it is YOUR definition, not what you think it should be…”

I was more intersted to follow up general opinion on the…[Read more]

Mm, the agent may like to think it is ‘normal’ but in a full brick house the brick wall is structural so that can be an expensive problem.
It is either the foundation moving due to dry weather conditions or a broken foundation that needs underpinning, (expensive).
Call in the buidling inspector.

May God prosper you always.[biggrin]
Marc

Thank you Geo.
I am sure there must be lots of rules and regulations, yet for one, most council will allow higher density if the property is to be rented to pensioners o disabled people, a clause by the way, vastly abused by unscrupulose developers who built townhoses where it was not allowed to, and sold them since this building rules have no…[Read more]

Birdy, from the information you give, it is hard to say if it is a good investment or not. It seems OK with 9% return and no expenses, yet a commercial property has higher risks associated with vacancy. If the tenant goes, how easy is it going to be to replace him? That is the mayor risk for commercial that can stay vacant for month and even…[Read more]

The ticket arrived in the post today addressed to my wife. The AMA must be selling their list of members around.
Anyway, she gets the creeps just going to the accountant once a year, so a seminar is out of the question.
I just called to the 1800 registration number on the card and they confirmed that it is $149 but free with this complementary…[Read more]

As for loans, isn’t it true that a bank can recall a loan any time?

May God prosper you always.[biggrin]
Marc

I think you should all wait after the 3/7 when I will be able to tell you all, how to buy properties with 55% discount all the time. In this way you will only need to borrow 55% and not 105% … Does this sound logical enough?

May God prosper you always.[biggrin]
Marc

Hi Chris, welcome!

I do not think you risk the camper trailer just yet, it seems you are doing fine.
As for your retirement plans, it all depends when do you want to retire.

You could use your equity to borrow and purchase cash flow + properties or you could sell, buy a smaller unit and use the remaining capital for deposits on CF+ properties (I…[Read more]

Count on it! [cigar]
I hope it does not involve gassing the owner with laughing gas and force him to sign the contract.[fear]

Seriously, I think that since this are all American speakers it will have to do with the RE market in the states, where if you are in the poo with the bank, your property suddenly is worth just what you owe the bank and…[Read more]

Thank you for the link and for the added idea of extra security. Didn’t think about that one.

Will keep on looking.
I had the idea of something much more reduced in scale, sort of like a Greek or Southern Italy village, with only walking paths between the miniature houses, and vehicle access from the back.

May God prosper you always.[biggrin]
Marc

Wow [strum] just a minute!!!! who says I dislike philantropy!

Just want to know if it is worth my while, a whole day is a long day.
So you are saying that it is a day well spent?

In that case…I have two tickets so you are welcome to come, providing you dont talk all the time during the seminar.[lmao]

May God prosper you always.[biggrin]
Marc

Freedomfinder, you asked some very personal questions. I hope we will see your responses as well.

How much is enough?
It is never enough, because the fun is in the challenge not in the results. First comes the million, then the billion, then who knows?

Trying to achieve?
Again, achievement and success are a journey that must be enjoyed.
Will…[Read more]

Now we are talking.
Status is mostly an assessment by others; we mostly assess success ourselves.

The ethics or any other value of either status or success is irrelevant to this.

When we know and perhaps admire someone through his status, we assume that such is a measure of success, yet if you think about a few hypothetical examples, you will…[Read more]

Mm… I hear you loud and clear my friend, yet no one seems to answer the question.

Perhaps I should illustrate.

Mr X wins the big brother “contest”. He acquires status and products endorsement comes his way.
Is this status a measure of success?

A philanthropist dedicates his life to the public health of disadvantaged communities but when his…[Read more]

Ah madhun, you are on dangerous territory.
Punishing the efficient and successful to subsidise the rest is a national sport, and the far reaching consecuences of supporting such sport with the idea that there must be some evil in success and virtue in failure is not properly understood.

I agree, income tax should be a simple equation.
income -…[Read more]

Others have done it discretely by describing the property in question.
Where is it and what is it?

May God prosper you always.[biggrin]
Marc

Yes, agreed again.
So do you think that Status is a true mesure of success or not?

May God prosper you always.[biggrin]
Marc