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Viewing 20 posts - 541 through 560 (of 611 total)
  • Profile photo of AceyduceyAceyducey
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    @aceyducey
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    Originally posted by Julian:

    Do you think the world is so simple? may be to somebody lucy man, just as lotto, 1%of million?

    Of course it isn’t Julian.

    But if you never start you reap what you sow.

    Though I will say that I’ve found that if you focus on your goals and think out your strategy with achievable milestones success is a LOT simpler than most people think :)

    Cheers,

    Aceyducey

    Profile photo of AceyduceyAceyducey
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    @aceyducey
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    Originally posted by WallFlower:

    I found Rick being moulded by the PR juggernaut quiet interesting. Do others feel that a bloke in a $4000 suit driving a flash Merc has more ceredibility than a bloke in $600 suit driving a 2000 Commerdore. Us Ozzies aren’t that fickle are we ?
    Or is there something more to it.

    One of the things any presentation book or actor will tell you is that looking the part is more than 50% of playing the part.

    Cheers,

    Aceyducey

    Profile photo of AceyduceyAceyducey
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    I won’t touch friends, relative or colleagues. Too many things that can go wrong.

    Better just to offer a sympathetic ear & heartfelt advice.

    Cheers,

    Aceyducey

    Profile photo of AceyduceyAceyducey
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    He sounds like a potential wrappee – tell him to get in touch with the Vendor Finance Association (http://www.financewraps.asn.au/ ).

    He can get in touch with a wrapper through that organisation….or he could approach Steve McKnight directly :)

    Cheers,

    Aceyducey

    Profile photo of AceyduceyAceyducey
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    Look for the opportunities & you’ll find them.

    Look for the problems & you’ll find them too!

    Personally I prefer to look for the opportunities :)

    Cheers,

    Aceyducey

    Profile photo of AceyduceyAceyducey
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    Good for you HousesOnly!

    I think you’re totally wrong & have a very limited understanding of economics, but time will tell :)

    BTW: Lots of new jobs being created in QLD right now, the idea that uni grads all move to Sydney & Melbourne is factually wrong.

    Look at the figures – SE QLD corridor to overtake Melbourne as the second largest population area in Australia over the next 15 years or so….true %-wise unemployment may not change…but the influx of people does mean more in jobs & more looking for property.

    As to ‘massive immigration’ – well actually we DO have massive immigration – compare it to immigration levels for all the countries around the world – we are in the top 5 as a % of our population :)

    Cheers,

    Aceyducey

    Profile photo of AceyduceyAceyducey
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    Who cares about the tax – you earn more, you pay more tax.

    The idea is to build wealth, not create tax deductions!

    Cheers,

    Aceyducey

    Profile photo of AceyduceyAceyducey
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    I don’t consider that the banks are guilty of unethical conduct….individuals may be, but I don’t think you can apply ethical standards to a corporation.

    HOWEVER I do believe that if banks engaged in inflationary valuation practices then there is a risk management issue.

    How can the bank ensure it’s risk is at the appropriate level if the valuations are inflated.

    Shades of NAB – if the risk management policies break down there should be an investigation!

    Cheers,

    Aceyducey

    Profile photo of AceyduceyAceyducey
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    Keep in mind from Tinkerbell’s post that she bought at the right time – during a boom!

    The buying conditions have changed.

    Cheers,

    Aceyducey

    Profile photo of AceyduceyAceyducey
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    Unreal_Jo,

    Bear in mind that it’s illegal to act as a property finder if you are not a qualified REA…so check their credentials!

    Cheers,

    Aceyducey

    Profile photo of AceyduceyAceyducey
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    Michaelle,

    Yes you do still accumulate equity and can borrow against the additional equity in the property even if paying an IO (Interest Only) loan.

    The type of loan (IO or P&I) doesn’t affect your ownership of the property. If the property increases in value that CG is yours free & clear!

    P&I loans cost more than IO…remember that a dollar saved today is worth quite a few dollars in the future – particularly if it lets you buy another investment.

    However there are some property investors who do pay P&I and are quite happy with that approach. They tend to buy low CG/high cashflow properties & generate their own equity by paying down the loan.

    Of course with the boom over the last five years even a low CG property can have an impressive increase in value….however in the longer term this may not be the case.

    Cheers,

    Aceyducey

    Profile photo of AceyduceyAceyducey
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    Originally posted by Rugbyfan:

    Umm…Well Acey, below is what you wrote in the opening post word for word. Exactly what part of it is constructive suggestion?

    All of it Rugbyfan :)

    It could be my own biases, but ‘Top # Poster’ is merely a comment about posting level…not skill level – and it was the discussion of much debate by the community before the moderators selected the terms now used.

    I don’t get why you’re so hostile towards another forum though – if you have an issue with the terms used on Somersoft you’re welcome to post the issue in those forums.

    As to my comment about whether the post would be left – it has to do with what I was told about the forum by longer-term users of PI. I’m sorry if it was seen as a gibe towards moderators & if I have by my comments upset any of the moderators.

    Ceers,

    Aceyducey

    Profile photo of AceyduceyAceyducey
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    Hey Lifexperience,

    I never take offense (well rarely ever) :)

    That’s one way to look at it – I know a number of people who do REA courses just to learn the ins & outs when dealing with REAs

    However after spending years working WITH our PMs, we’ve found that you get many of the skills without having to go work for someone to get it. And you can lean on the PM when specialist experience is needed.

    Maybe most Engineers should start on the floor – but property investors don’t need to start out as Real Estate Agents or Property Managers :)

    Cheers,

    Aceyducey

    Profile photo of AceyduceyAceyducey
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    Thanks Celivia for the offer of the stars – but frankly I have no idea what they are for either :)

    Rugbyfan – think about your own response – did you over-reactive to what is a constructive suggestion :)

    Kay – I don’t care about my own ‘status’. I write what I think & people read into it what they want :) HOWEVER I do care very much about ensuring inexperienced people get the right advice!

    Leigh, I can’t see where I took a gibe at moderators, must be how you read it. However if you reckon being a moderator sucks then you should probably quit. Being a moderator is a huge responsibility & if you don’t want it, why do it? Deciding to stop being a moderator doesn’t reflect on your abilities in any way.

    Back on topic – I’m surprised at the level of controversy from various members – to think that raising two simple points could threaten so many people!

    I’ll reiterate the points again:

    1) The closed forum (and any other closed forums) needs to have a sticky message that is always visible so that people know why it’s closed & alternate means of responding.

    2) Calling people ‘Newbie’, ‘Junior’, ‘Silver’ etal Members imply a level of expertise in property investing that may not be correct. Why not change the titles to something that doesn’t confuse new investors – after all we’re here both to learn AND to help others learn! Aren’t we?

    Stars – I have no idea how they work, will check them out now…

    Cheers,

    Aceyducey

    Profile photo of AceyduceyAceyducey
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    This is a tough discussion to have on a forum controlled by the individual at the centre of the discussion.

    Just as I wouldn’t consider it appropriate to hold a discussion about the Somers at the Somersoft forum.

    IMHO, it should be investigated by ASIC. Only by holding such an investigation can the matter be cleared up.

    Sometimes courts are just as useful for validating the innocent as prosecuting the guilty :)

    Cheers,

    Aceyducey

    Profile photo of AceyduceyAceyducey
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    Gramyre,

    You should also take a gander at ‘Story by story’ by Jan Somers & ‘Ordinary Millionaires’ by Jim McKnight.

    They both provide Australian success stories…somewhat more useful than ones from the US :)

    All these books are available at public libraries.

    Good luck on your journey!

    (BTW: I write the odd game guide myself)

    Cheers,

    Aceyducey

    Profile photo of AceyduceyAceyducey
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    I thought the idea was to lose the career path :)

    Cheers,

    Aceyducey

    Profile photo of AceyduceyAceyducey
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    Originally posted by milkmanjr:

    The only thing that the number of posts made indicates, is the number of post made.

    I’m quite aware of this, being a long-term forum user (not of this forum yet)…but are new people?

    And PI seems to attract a lot of new people, vis Steve’s book & TV appearances.

    New people may see ‘Junior Member’ and read ‘No idea’ or ‘Silver Member’ and read ‘more experienced investor’ etc

    The terminology has to be careful to avoid sending the wrong message. (I have been dealing with usability in websites since ’96)

    BTW I went back and looked in the ‘Tell us what you think?’ forum – when I go into it with the standard forum settings (view all posts in the last five days) – I see no posts at all, just a message that the forum is closed.

    Now I didn’t think the first time I went in to change the dropdown to ‘view all posts’…why expect a new user of forums would know to do this :)

    Please fix it – with a sticky post closing the forum at the top. This will ensure everyone sees the message.

    Cheers,

    Aceyducey

    Profile photo of AceyduceyAceyducey
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    We rent a property from our own Trust.

    Our landlord is fantastic! He furnishes the place & emsures repairs are kept up.

    Cheers,

    Aceyducey

    Profile photo of AceyduceyAceyducey
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    Low auction clearance rates are great news!

    Anyone who bought in the last 12 months shouldn’t be looking to exit anyway. Property is a longer-term asset not a short-term one.

    New agents take their chances. They had the same information as everyone else six months ago.

    Cheers,

    Aceyducey

Viewing 20 posts - 541 through 560 (of 611 total)