I don’t know Dan,

But I’m about to start looking for investors for a second oil company I’m setting up (first one was Merlin Petroleum – http://www.merlinpetroleum.com.au , now taking subscriptions for listing).

Sometimes defining what is an advertisement, what is an opportunity & what is someone talking about their experiences can be hard to…[Read more]

As an example of an underperforming asset, we’ve just sold one property that to our way of thinking hasn’t performed.

It has averaged 16% CG per annum over the last four years & positively geared the entire way (we did put 20% down). It is dual zoned for commercial use as well as residential, 20 seconds from the local shops & playground and only…[Read more]

Ditto once a strategy gets into popular circulation via a book & media publicity it’s close to too late

Cheers,

Aceyducey

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

– Jan L.A. van de Snepscheut

I’ve used incorporator several times (including this week as a matter of fact) and find it a very easy system & well explained.

There’s not much that an accountant can explain that you cannot learn online.

Cheers,

Aceyducey

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

– Jan L.A. van de Snepscheut

Originally posted by MiniMogul:
Oh and a final irony. If the title of this thread had been ‘there’s better investments now than Australian property’ I would have written ‘yeah – NZ property!’ and maybe left it at that. The whole property vs shares thing I think is a red herring, because most people I think would be talking about ‘AUSTRALIAN…[Read more]

Setmefree – something for you to think about.

Is it easier to stand up against a profession that has it’s ethics consistently questioned and is generally regarded one of the least trustworthy professions in the country?

Ot is it harder to stand-up against an establishment that is well-trusted but is rife with hidden corruption?

I think Jenman…[Read more]

I’d call this a high risk strategy.

What’s your risk-tolerance?

Also get a second & third opinion on the legalities – you don’t want to cross a line somewhere….

Cheers,

Aceyducey

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

– Jan L.A. van de Snepscheut

Wayne,

Interesting stuff. I’ve read about the inter-bank loans issues previously & agree it’s an area of concern.

On balance the US government has an interest in maintaining stability & will step in as it has done to resolve this type of issue.

As it also did with airlines after 9/11 to prevent many of them collapsing.

The world has…[Read more]

Hey Conan,

Still waiting for a reply from you on the criteria you use & what you mean by short-term.

I see a few deals every week as I said.

Cheers,

Aceyducey

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

– Jan L.A. van de Snepscheut

James,

Trusts provide more security than companies

Look beyond ‘limited liability’.

And consider using a corporate trustee in any event.

Cheers,

Aceyducey

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

– Jan L.A. van de Snepscheut

Honesty is the best policy.

Being ‘nice’ primarily means to me saying what people want to hear.

What people want to hear isn’t necessarily what they need to hear.

Cheers,

Aceyducey

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

– Jan L.A. van de Snepscheut

manofaction,

Speak to the Vendor Finance Association.

Or visit Somersoft, there are several experienced L/O people over there.

Cheers,

Aceyducey

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

– Jan L.A. van de Snepscheut

I’m a little disappointed that the ATO still regards politicians and journalists as unqualified to offer financial advice. And what about the ‘disgraced property gurus’ category – surely they should be worth listening to.[biggrin]

Cheers,

Aceyducey

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

-…[Read more]

The only thing that worries me about this thread is that it is people who do are uninformed who are being negative about shares.

DO SOME RESEARCH!!!!!

Cheers,

Aceyducey

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

– Jan L.A. van de Snepscheut

I suggest you read up on the topic. Jan Somer’s books are a good place to start. Steve’s first book is pretty good & reading one of Robert Kiyosaki’s books is worth doing (only one, they mostly say the same stuff).

Cheers,

Aceyducey

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

– Jan L.A. van de…[Read more]

Jay,

If your strategy is getting you where you want to go at the speed you want – why change it?

Cheers,

Aceyducey

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

– Jan L.A. van de Snepscheut

James,

I suggest you extensively research Trusts before forming a company for buying property.

A company is not generally regarded as the best vehicle for property investing – even if your focus is on less than 12 months turnaround on property.

Cheers,

Aceyducey

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

We keep our tenants honest by treating them honestly.

Expect the worst of people & that’s what you get!

Cheers,

Aceyducey

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

– Jan L.A. van de Snepscheut

I always though it referred to a mate of mine called Garry who used to be a little challenged in the height department but immensely strong.

Some people reckoned he worked out to compensate – but not where he could hear.

So for the local rugby games he used to carry around a milk crate.

His practice was to grab a decent position and when the…[Read more]

Quick everyone run around in circles like a chook with it’s head chopped off!!!!!

At least the Australian market has been “– the first of the over-priced housing markets to see its bubble go “pop”.

Gee – this is the first time I’ve heard a gradual slowdown with spot declines in prices called a ‘pop’.

[biggrin]

I love the emotive…[Read more]