Personally I prefer to BE the house (in the gambling sense).

Hence a lot of my money is going into the areas that are rising…resources, oil, etc

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

I didn’t know lemmings were allowed to buy property in this country…

Frankly I reckon that if now is the first opportunity you have to buy property it’s not the worst time to start.

People have different goals & ambitions & if someone wants to learn about property investing there’s no better way than to actually buy a property.

If you don’t…[Read more]

Having visited/lived in a fair few countries I reckon that Australia does very well comparatively on the racism issue.

At the end of the day can you remove racism – I don’t know – ‘stranger danger’ is built into our genes, hence our desire to identify with specific groups of people or a flag.

Personally I’d like to see racism end…[Read more]

Why not list the property with an out-of-town agent in Sydney or Melbourne where people are willing to fork out for off-the-plan.

If the numbers work I’m sure you’ll find interest.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

Servant Heart,

You took the leap into the unknown to do the Business Broker thing. Investing is the next leap.

Try to put yourself into the mindset you were in when you decided to leave your safe corporate job to be a business broker. Think about WHY you made that decision & WHY you want now to invest.

Remember also that by becoming a Business…[Read more]

Originally posted by noddies:
You need to goal set in order to be compliant with the FRSA prior to giving specific financial advice. Under the Act a financial planner must now know their clients goals, objectives and other requirements so that a constructed plan will reflect their wants and needs. Failure to do this could lead to financial and…[Read more]

Gee Kazz,

I wish I could help you, but although I live in Canberra I picked the best accountant I could find in Australia – and he’s in Melbourne…..(Dale Gatherum-Goss)

Don’t limit yourself to a geographic region, this is the age of the Internet

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in…[Read more]

Originally posted by Pelicaninvestments:Some of the moderators at SS are a bit on the heavy handed side…..

Hey Pelican, if you don’t like the level of due diligence used to cut out the spurious and vitriolic posters, go elsewhere…ah that’s right – you had no choice [biggrin]

Muppet, I was referring to places like the Reno Kings, Reno…[Read more]

Terry,

Clearly you work off a different loan book than my broker [biggrin]

Would you feel more comfirtable if I said nodoc loans?

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

Don’t get annoyed – REPORT THEM.

That way other people won’t get burnt.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

Scotty,

I’ve done the research too – and you reckon that none of the Real Estate and Business Agents Act 1978, the Code of Conduct for Agents and Sales Representatives and the Real Estate and Business Agents (General) Regulations 1979 apply to you?

hmm – well I hope you can run fast.

Cheers,

Aceyducey

In theory, there is no difference…[Read more]

trisha,

‘cash under the counter’

Are you advocating breaking the law?

Hmm – that’s one of the reasons I have big problems with people who want to be ‘birddogs’….

They don’t tend to know the laws – or if they do they try to slip through loopholes. They don’t have a great deal of investing or property experience (or they wouldn’t need to go…[Read more]

Low doc loans….

For most employment doesn’t matter – just your avowed income level (sometimes testified to by your accountant).

Particularly useful for contractors & those people who have recently changed jobs.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de…[Read more]

How to make money:

1) Identify a need
2) Fulfil it

It’s that simple.

Many people have problems with the first bit though.

You don’t need goals to make money, you need goals to know how to maximise your money making abilities & to decide what to do with the money once you have it.

Cheers,

Aceyducey

In theory, there is no difference between…[Read more]

Fortunately I am an entrepreneur & do investigate these things.

That’s how come both the companies I’ve founded this year do NOT property spot (nothing to do with house at all actually, though they do a form of property development[biggrin]).

NZ is NOT Australia, no matter how often you repeat it Minimogul

Cheers,

Aceyducey

In theory, there…[Read more]

Kash,

As a masters in applied finance and professional accounting, I reckon there are better ways to spend your time.

Spotters are illegal in Australia.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

Techa,

They are definitely salesmen…but so is Aussie John.

Nothing wrong with being a salesman (or salesperson even!)

The issue lies in that they have an employee mentality.

To a large extent I do see the majority of financial planners today as the insurance salespeople of yesterday.

There are some diamonds out there, but like in other…[Read more]

Both forums have their place. Over time I’m seeing people migrate from PI to Somersoft as they are educated on investing.

It’s a good thing to have PI around as the introductory forum, Steve’s books & PR keep a good supply of interested would-be investors flooding in & there’s a good core of regulars who keep the questions answered.

There are…[Read more]

Money is the root of all evil…..

Was there ever a more ‘sour grapes’ statement

Wealth leads to options.

Lack of options leads to crime.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

And your investment strategy

If buying units or townhouses it’s best to own all of them & get rid of the body corporate issues.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut