Generally used in commercial & industrial leases VERY uncommon in residential.

Cheers,

Aceyducey

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

– Jan L.A. van de Snepscheut

Yack – wrong question.

The question you should be asking is:

How do I stop being Joe Average and become as knowledgeable as these people?

The only one limiting you is yourself!

Cheers,

Aceyducey

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

– Jan L.A. van de Snepscheut

Buzz, words, buzz words, buzz words.

Call a spade a spade.

Buzz words are traditionally used to conceal & coerce, not to explain and teach.

Every profession uses them to raise the barriers to entry.

There seems to be a lack of understanding on what it was that Steve meant by the use of these phrases.

I hope he posts & clarifies what he means…[Read more]

Squash,

What do you mean by due diligence?

Just put in what you mean, ie: building inspection, pest inspection, subject to finanace – whatever.

Price – you can offer whatever you like. They can ask for whatever they like. The first no isn’t the end of a deal, it’s the start of negotiations.

Remember – If you let the REA set the rules of the…[Read more]

The Brisbane Investor Group meets regularly.

They make announcements in Meetings in the Somersoft forum.

Cheers,

Aceyducey

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

– Jan L.A. van de Snepscheut

Good one Dave,

Something that no-one has mentioned is actually INCREASING the price.

That’s often a way to differentiate…people will rationale their own value.

Cheers,

Aceyducey

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

– Jan L.A. van de Snepscheut

If you wanted to distort it as a guru watch phrase I guess there’s two ways I could see it used:

1) Deal flow….gotta keep turning over deals to keep increasing returns. In this case velocity of deals/Deal Velocity is more appropriate – hmm good book title

2) Financial Leverage – don’t leave money (equity) tied up & inactive as it’s not…[Read more]

Originally posted by westan:
Gee i hate to admitt it but i have to agree with Yack how can you turn 10k in the stock market into 500K in 7 years, it is IMPOSSIBLE, unless you take a huge risk, those that take this risk will lose everything more often than they make 500K or even 50k for that matter.

It’s impossible to buy 130 properties in 3.5…[Read more]

Yack,

Actually Velocity of the Money Supply is an economic term that’s been in used for a very long time.

Here’s the actual definition for you: http://www.wordiq.com/definition/Income_velocity_of_money

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 kay henry:
Leigh, there will always be people telling others are unprofessional, amateurs, whatever… because people do different things than they do [baaa]

tsk, tsk Kaye – you need to watch those snide asides, someone could take them personally & it would just not be right for a moderator to tarnish the reputation of this…[Read more]

Sebastian,

I would say that this friend should have some VERY strong words with her mother.

From the way you have written the post, it appears the mother was stealing from her daughter & has now potentially hurt her daughter’s financial future in the short term.

The mother did commit both theft and fraud. She stole the card & then used it…[Read more]

Leigh,

We alway throw in plenty of extras when selling a place.

All the properties we sell feature taps, towel racks & glass in the windows. We also provide door handles as appropriate and all our rooms come with four walls.

If the purchaser wants something special, like a Plasma TV, we give them the address of the local Good Guys.

And if they…[Read more]

Sounds like the same discussion as held over Australian interest rate rises over the last year…..

Cheers,

Aceyducey

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

– Jan L.A. van de Snepscheut

Oil may be at $43, but in real terms is only around 50% of the level during oil price shock times.

Lots of blue sky there still.

Stay a bear Wayne, we need people like you to buy from.

Cheers,

Aceyducey

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

– Jan L.A. van de Snepscheut

Westan,

On the basis of your post it sounds like you’re a PROPERTY investor under my definition.

An informed investor in any area should do well. It’s simply about where you choose to be informed.

If you focus on property (or indeed on any other investment class) & don’t inform yourself about te other investment options how do you know if…[Read more]

Elika,

Trusts can be used for negative gearing purposes. That’s what hybrid unit trusts are for.

I would NEVER distribute from a trust to a company.

You have to be earning a relatively high level of income before income tax goes over 30% of your total income.

Companies get taxed 30% on every dollar. So unless your income is very high & you’re…[Read more]

I’m with g7.

If you’ve heard buzz, you’ve missed the best deals.

Don’t be part of the herd – do your own research, all the info you need is easily available.

Cheers,

Aceyducey

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

– Jan L.A. van de Snepscheut

I can’t say that any form of investing has ever left me amazingly scared.

I reckon that NOT investing is much scarier, I just don’t know how people can feel comfortable with that big a risk!

(my first time jumping out of a plane was pretty scary though)

Cheers,

Aceyducey

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

Originally posted by elika7264:
so you are an interest and principle person. I thought I was a dying breed.

Here’s another P & I person: http://www.somersoft.com/forums/showthread.php?s=&threadid=8756

She posts in PI every now & then too.

P & I is a good approach to build equity in high cashflow/low CG properties. We’re not using it ATM…[Read more]

Swinys,

Dale Gatherum-Goss
http://www.gatherumgoss.com

You’ll find him referenced quite widely here & in other property investment forums.

Cheers,

Aceyducey

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

– Jan L.A. van de Snepscheut