I was wondering when people on this forum would start to question the positive gearing/positive cashflow model

There are other approaches such as the one illustrated by Helen.

And they can deliver great results.

Personally I’ve been a fan of positive gearing long before Steve McK made his first buying trip.

However I also have a number of…[Read more]

He won’t get far advertising in Somersoft either

Though may be able to get the deal into Caveat Emptor.

Cheers,

Aceyducey

Originally posted by Terryw:
You can become a financial planner by getting a diploma in Financial Planning (this can take as little as 8 days).

Accounting is usally a 3 year course (eg. TAFE), followed by working under someone for another 12 months or so.

It really does make me wonder why the government allows financial planner to provide…[Read more]

Originally posted by aussierogue:
acey – your last message just described ‘status envy’ very well. you should write a book..

If I actually knew what ‘status envy’ meant

My post was partially tongue-in-cheek…but also designed to make people think about what they value & why.

Valuing a career is fine if it’s the career YOU want.

There’s…[Read more]

z1,

I’m not sure if it’s true that ‘most people’ on this forum made their money in the Melbourne market.

Personally I’ve made a substantial amount in Sydney and elsewhere.

It’s tough to find cashflow positive properties in good suburbs in Sydney…some might say nearly impossible.

You just have to be quite creative (within the law).

And…[Read more]

At present the Sydney Investor Group’s game (on Somersoft) has at least 14 people going, and probably quite a few more. The last one I went to in Sydney had about 30 people there.

The Canberra Investor Group’s game I’m unsure of numbers, but the last game, which was at my place, had about 20 people – 3 tables.

So anyone who wants to play…[Read more]

So according to Marc….

Status means whatever criteria you use to choose your friends – consciously or unconsciously.

Well who can argue with such a flexible definition of status

BTW: I always know WHY I like one lady over another. If you don’t know why you like one lady above all others, IMHO you’re not serious enough to form a lifetime…[Read more]

hg,

We’ve found the flat packs very easy to install.

Buy an electric screwdriver – will save you endless stress & wrist strain.

Build yourself a height frame for making sure those wall cabinets are all at the right height (I tend to build a new one each property just because there are slight variants in the height I want to place them.

I’ve…[Read more]

Bj,

Every property requires different work, so you can’t simply work from a check list.

Things that do make it simpler:

Find a colour scheme, inc paint, tiles, vanities/toilets, skylights & appliances & stick with it in all your properties.
Build relationships with the suppliers who provide your reno ingredients…..kitchens, tiles, appliances,…[Read more]

I prefer freedom that extends beyond the space between my ears

After all even most slaves are free in their minds….and it’s one of the tools used to keep them in their place physically.

Ditto wage slavery – work for us & you will have a ‘career’. Careers are good things – you will eventually make lots of money (provided you keep working). We…[Read more]

We check our CRAA annually – more frequently when we have a lot of loans underway at the same time (we like to refinance 4 or 5 places at the same time – it’s a lot of work, but gets it over & done with faster).

Basically it’s as Stuart says, though I’d be even so bold as to say the last year.

And it’s well worth getting your CRAA if you haven’t…[Read more]

What is status?

The easiest way to raise your status is to associate with people of lower status.

Personally I prefer to associate with the people I like – regardlss of status.

Cheers,

Aceyducey

We generally don’t reward tenants for on-time payments…though if we want to get someone out we do negotiate an exit that may include a free week if they get out fast & pay up the rest of the money

We do give tenants a little something, like movie money, occasionally as a ‘thank you’.

Frankly if you train tenants to expect something merely for…[Read more]

Lies, damn lies & statistics….

Looking at suburb by suburb (or small town) medians. It’s easily possible for a single developer to have a large influence on the median price.

Say in a suburb of 10,000 people – 4,500 houses….of which 650 are sold each year – 300 houses & 350 units.

A developer who builds 50 units & sells them in a short…[Read more]

Time to diversify.

Australia is not the only place where people live in houses.

And property is not the only path to wealth

Something for people to think about for themselves…is their goal to become wealthy by being a PROPERTY investor….or by being an INVESTOR.

Cheers,

Aceyducey

There are LOTS of alternatives to fossil fuels already available.

The rumours of big oil companies holding all these patents is one of those urban myths – has been around for decades. Patents are in the public domain – go and search through them (as people have) and you’ll find that there are no such patents owned by BP or other oilers that are…[Read more]

rooti,

Trusts are often recommended as good vehicles – companies rarely are.

It all depends on your financial circumstances & goals however.

Talk to Nick at http://www.strategicwealthmanagement.com.au – he’s an investment structuring expert.

Cheers,

Aceyducey

I’d package up the extra hour in spiffy wrapping & give it to my over-worked sister.

She needs it far more than I do

Cheers,

Aceyducey

Let’s see…just about to made 1300% on a company I’ve been Angelling who’s IPOing next month. If the company goes above list price & is successful, that will be a fair bit more.

Nothing much exciting on the property side in the last few months, just slow steady growth – but we’re not focusing there at present, just maintaining the…[Read more]

I made it to the seminar as well – would have been an idea for people to co-ordinate & catch up afterwards – particularly since it finished at lunchtime

Overall not impressed.

Bill Danka who we were there to hear speak, didn’t. The share guy was reasonably good – and I’ll be using some of his info in a book I’m writing, but the Internet…[Read more]