It is not the first time that an apparent conflict between ethics and business is posted here to promote discussion.
The problem as I see it is that most of the time the person posing the question does so because deep down, he/she need reassurance that he is not really hurting anyone by making a profit.

This is a very common bias. We make money…[Read more]

The marine turtle eggs were hatching as they do all at once. Yet they did not go for the beach immediately, they seem to be hoping for the right time, waiting…
Finally, the first valiantly brave the unknown and start their perilous way to the water only 10 meters away.

The hatching of the eggs is been observed by a curious onlooker who, when t…[Read more]

“Serenity now” does not work

Hoochie mama!![biggrin]

May God bless you
and prosper you.
Marc

Agree with Lucifer (only about his post not the other one [biggrin]).
Yet considering your age, current occupation and experience, I would narrow down the list offered to only a few.
My first suggestion is to read books on the subject: Rich Dad Poor Dad by R Kiyosaki, and “Think and grow rich” by Napoleon Hill
and below a link to a free e-book “as…[Read more]

…prices are dropping because the greedy thought they were going to make a killing and get rich over night.

I only want to answer to the above statement, and not to validity of the market assessment.

Whoever thinks that profits are wrong, that quick profits are even worst, that someone doing it big does so because of greed, if any of you looks…[Read more]

Hey Russ, you are a character!
Piti you dont live around Sydney, we would have some fun together.
M

May God bless you
and prosper you.
Marc

Derek, you took the words from my mouth . . .errr. . . .fingertips.

Forums like this one are a temptation to ask questions we would really only ask an accountant or a lawyer. Nothing wrong with asking to get a generic idea we then elaborate in detail with our professional of choice.

It is also true that there are many accountants out there who…[Read more]

It is true that 100 properties worth 50k each returning a profit of $50 is better than 10 properties worth 500k returning $500 a week . . .(?)
Perhaps. Depends if everything else is the same may be, but how can everything else be the same?

The logic in such reasoning is that you spread the risk, but if you own 100 properties in the same town, and…[Read more]

In my opinion (qualifier) you are on the right track. Look for a property with a price that does not scare you, that is +CF and (forgive my bluntness) forget your ex. She is ex for a reason isn’t she? (OK not my business)

So go and buy yourself an asset and not a liability. Think about it, would you rather have money coming in your pocket or…[Read more]

If the house is overpriced then perhaps she does not want to sell at all.

Russ, I asked so many times, come on, tell me once for all, are you in NSW or not? If so I may have some spotting work for you.

May God bless you
and prosper you.
Marc

Jo, Russ, come on! you are behaving like kids.

Russ, it is your business to spot opportunities, and the best deal is the win-win deal. If you feel you need to exercise charity, walk away, something is not right.

Jo, I understand that a call for charity in this forum must sound unusual and difficult if not impossible to execute to everyone’s…[Read more]

I wouldn’t worry too much about the trade dollars . . .just make sure you sell it 25% over the price you would settle for if cash!

May God bless you
and prosper you.
Marc

Glup, I just realised you are in . . . .Namibia !!

So much for my brilliant theory of 8 weeks rental a year.

So ho hum well, what can I say? the photos look v/good, neat and fantastic view. And you have better than 30% of the year rent, at a daily rate, that is not bad, better than some hotels I know !!

May God bless you
and prosper you.
Marc

Russ, your description besides being very well written, describes a person with a mental health issue, a serious one.
I woulnd’t worry too much about the cleaning up. Pay a cleaning agency to do it for you. We had once such a house in Leichard Sydney and the council did the clean up.

I saw an appartment once where an old lady had died on the…[Read more]

$25 ? Go for it! I don’t think you will find anything cheaper, are you sure?
Western Union is the most practical way by far, but not cheap. Interesting how on their website there is no way to find out the fees they charge.

If you owe money to someone, the cheapest way is probably to deposit in their credit card account. Zero fees. If you know…[Read more]

Oh my you are right

May God bless you
and prosper you.
Marc

Yes Costello, what was I thinking…
So I discovered the wheelbarrow did I?

[blush2]

May God bless you
and prosper you.
Marc

Now now Victoria, unless you tell me your real name that is it as far as I am concerned.
Book? You want a book? Well why dont you ask for it? Send me your e-mail via PM so as to avoid a barrage of unwanted admirers mail and I will send you the book “free” . . .(see I am not greedy)[biggrin]

May God bless you
and prosper you.
Marc

ha ha sorry for using strange words, that comes from English being my 4th language.

Intransigent = Refusing to moderate a position, especially an extreme position; uncompromising.

I noticed some irate responses arguing the property is not +CF, as if the formula price/1000×2=rent, is some sort of unbreakable code.

I argue that there are a lot…[Read more]

Kay, the use of the term “greedy” is excusable because it is ingrained in people subconscious by years, decades of programming. Remember rich is “evil” poor is spiritual or “virtuous”.
There is no escape and it is this limiting belief that stops people from prospering.

If you ever have a group of people, you can ask question to, seminar or…[Read more]