Monopoly,

I know Steve fairly well, he’s a good guy, though fairly busy nowadays

His approach to using different assset classes synergistically is very good & he is an extremely ethical individual.

Considering your equity position, Steve’s Cashbond approach could be quite suitable for you.

It’s a bit complex to explain here – you could head…[Read more]

Yes, quite a few (more than X) (exact number suppressed as my partner doesn’t let me release this information).

Got to be in it to win it

Cheers,

Aceyducey

Derek,

Good tip – we use this figure alongside others in our research process as well

Plus we call or visit local schools & ask about their enrolment levels. They tell you pretty quickly the type of people moving into or out of an area.

Cheers,

Aceyducey

I’ll have a dozen thanks Russ!

Cheers,

Aceyducey

Originally posted by AusProp:

could it be possible that he was trying to act in your best interests?

AusProp,

It’s unethical – bottomline.

it’s not the agent’s place to judge. If an agent EVER tried that on me I’d kick’em so far that they’d have to sell igloos.

BTW: Only ONCE had an agent refuse to take our offer to the Vendor – we said fine…[Read more]

Try http://www.quadrahosting.com.au

The owner is a stalwart on investment property chat channels

They have a do-it-yourself website tool which is very easy to use. Can handle domain registration as well at rock bottom prices.

BTW – they’re cheap too

Cheers,

Aceyducey

There is a mandate on banks to achieve market price on foreclosures.

There have been several cases where people have taken finance providers to court and won when the finance provider had sold a place quickly & below market rates. There’s even a case where a bank got in trouble for not adding a garage to a house to maximise the property’s market…[Read more]

Mortgage Insurers are GOD.

They decide how much the will indemnify the bank for. The banks do NOT go over the limit imposed by Mortgage Insurers.

There are only two mortgage insurers in Australia, so there’s not much choice anymore

And once you’ve reached your limit with both (as we did a while ago) you either have to always borrow through…[Read more]

We LOVE buying from private vendors. We get deals super cheap & with all kinds of bonuses thrown in – BECAUSE MOST PEOPLE CAN’T SELL!

Our current PPOR we got well below market price because the Vendor both advertised very poorly (two line ad with a hotmail address only) and represented poorly….he only got two people through over five weeks at…[Read more]

Ausprop,

Once you subdivide it’s only the bit with your house on that’s considered the PPOR (in very basic terms).

When you subdivide & build the BEST thing to do is move into the new house & sell the old as your PPOR. Then after a year subdivide again, move into the new house & sell the one you were living in for a year…ad infinitum (until…[Read more]

krazystyler,

Take a look at the calendar over at the Somersoft Forums. There are two major groups of investors who meet monthly in Melbourne, attracting between 30 & 60 people per event.

Cheers,

Aceyducey

It’s called a sinking fund, because your funds sink in & you never see them again

Cheers,

Aceyducey

NEVER offer a tenant who is constantly in arrears a bonus to pay on time.

You’re training them to lag behind because they’ll then get a bonus to catch up.

Wrong message.

Only reward tenants for paying ahead & maintaining the property above & beyond the call of duty.

Or to say thank you to a long-term good tenant.

Marisa, tell your PM that as…[Read more]

familyfirst,

That’s not an email address.

Cheers,

Aceyducey

sizzling_duck,

It doesn’t work

Milly,

I can understand you were comfortable – a couple of assets, enough work to keep your brain engaged, your kids growing up & centrelink patching the holes.

However perhaps you have been getting too comfortable. Maybe it’s time to start looking beyond the day-to-day towards the next stage in your life

It’s…[Read more]

Cheata,

Keep in mind that there are no fast and easy fixes. They will all take time and commitment.

First step: lay out some realistic goals on where you want to be in 5 and ten years. Then document (on paper!) the steps you will take to get to these goals.

I suggest your second step be to talk to a good mortgage broker – on the phone if you…[Read more]

He’s definitely no Henry Kaye. His prices are much too low.

George – it’s all about what works for you. Some people need to spend this kind of money & go to this kind of seminar to take action towards their future wealth.

If this doesn’t apply to you – don’t go!

Cheers,

Aceyducey

How come he missed Steve Navra & Rick Otton!

Shame – Neil – shame!

Cheers,

Aceyducey

Be careful.

Lazy is not necessarily good.

Lazy investors are more often conned.

Cheers,

Aceyducey

Scremin,

Budget a certain amount per month for entertainment.

Then penalise yourselves if you fail to spend it.

Cheers,

Aceyducey