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Viewing 13 posts - 1 through 13 (of 13 total)
  • Profile photo of adowlandadowland
    Participant
    @adowland
    Join Date: 2003
    Post Count: 14
    November 7, 2003 - 9:40 am

    I have been advised that Suncorp (in Qld) don’t do no docs on Trusts with a Coy as trustee.

    Knowledge without action is not knowledge at all

    Alex

    Profile photo of adowlandadowland
    Participant
    @adowland
    Join Date: 2003
    Post Count: 14
    September 20, 2003 - 9:17 am

    I went to Geoff’s seminar before he became famous, so my information is probably out of date. The cost was a reasonable $170 for about 4 hours of, yes, mainly slides. The information was interesting at that stage of my development (bought his book the 10 Laws) but the entry price I felt was at the upper limit of the total package’s value. After saying that Geoff is very genuine and a nice chap and very willing to assist with queries, scenarios etc. And I haven’t been to his latest stuff where he has teamed up with Eslick whom I understand is very good at value adding. I feel that his stuff would have matured somewhat since the earlier days.

    Alex

    Profile photo of adowlandadowland
    Participant
    @adowland
    Join Date: 2003
    Post Count: 14
    September 13, 2003 - 9:36 am

    quote:

    Joke.
    Question.
    Why did god make so many economists??
    Answer.
    Because then at least one would be right.


    Yeah, I think it was President Trueman who said “what this country needs is a good one handed economist”, (on the other hand as they always seem to say).

    Alex[;)]

    Profile photo of adowlandadowland
    Participant
    @adowland
    Join Date: 2003
    Post Count: 14
    September 13, 2003 - 12:12 am

    Did you hear about the overweight ballerina?
    she had to wear a three three !!

    What happens when a lawyer takes Viagra ?
    Nothing much he just gets taller !!

    and for professional accuracy\

    What’s black, about 15 inches long and hangs in front of a A**hole ?

    A stethoscope !!

    Profile photo of adowlandadowland
    Participant
    @adowland
    Join Date: 2003
    Post Count: 14
    September 11, 2003 - 11:05 am

    quote:

    We have two Cashflow games planned for our place.
    September 19th and October 3rd. Email us if you’d like to attend. Up to 12 people can play each time because we have access to three boards!

    We live in Wishart, out 20 minutes south of Brisbane.Look forward to meeting up!

    Cheers!
    Sheryl Duruz & Piers Duruz (AKA Quasimodo)
    [email protected]

    Love to, live in Sunnybank Hills, and have an IP out your way (Upper Mt Gravatt actually), let’s know the add etc.

    Alex[:)]

    Profile photo of adowlandadowland
    Participant
    @adowland
    Join Date: 2003
    Post Count: 14
    September 2, 2003 - 11:39 am

    So now I know what a hot property must be like ??

    Profile photo of adowlandadowland
    Participant
    @adowland
    Join Date: 2003
    Post Count: 14
    September 1, 2003 - 9:18 am

    quote:

    One agent recommend Ipswich land and house
    package. Anybody is familiar with Ipswich?
    I can’t find much information from internet.
    I was told the vacancy rate is pretty low.

    thanks,

    Large town just off the side of Brisbane, being well recognised now as a good place to invest in judging by the more than 38% growth rate in the last year alone. Worked there as a resident over 20 years ago now and we called it a “hoon” town then where the big entertainment was to go and watch the traffic lights change. Old mining Town with the coal industry closed down now. Have to be careful and check the records for the possibility of subsidence. But generally probably a not too bad place to invest, lots of old Queenslander style houses, reasonable blocks of dirt etc. But to find a positive CF property (especially if using Steve’s 11 sec rule) would be nigh on impossible now.

    Alex

    Profile photo of adowlandadowland
    Participant
    @adowland
    Join Date: 2003
    Post Count: 14
    August 31, 2003 - 10:39 am

    Thanks for the helpful replies have responded to one of them simply because he was the first, but good to see so much help on offer, thanks all.

    Profile photo of adowlandadowland
    Participant
    @adowland
    Join Date: 2003
    Post Count: 14
    August 29, 2003 - 10:38 pm

    quote:

    Hello out there – hasn’t anyone tried this software before?

    There must be someone out there that’s tried it. [:(]

    Have you looked at a freebie from “www.ez-rent.com” Downloaded it myself recently and it is an excellent programme for analysis.

    Alex

    Profile photo of adowlandadowland
    Participant
    @adowland
    Join Date: 2003
    Post Count: 14
    August 29, 2003 - 10:34 pm

    quote:

    Hi Alex

    Here is Melanie’s email address:

    [email protected]

    Cheers

    Stu

    Property & Finance News
    at http://www.prosolution.com.au

    Thanks Stu, would love to work with you because you sure seem to know what to do (no offense to Melanie whom I haven’t as yet had the pleasure of meeting), but I felt that time and distance at this stage were a bit tyrannical for me, however if you have a solution to that then I would be happy to contact.

    Alex

    Profile photo of adowlandadowland
    Participant
    @adowland
    Join Date: 2003
    Post Count: 14
    August 27, 2003 - 11:58 am

    Thanks for your response Steve. If one takes the properties as individual business units then the figures look like this: (for the second property), by the way did I say they are next door to the city centre
    purchase price: $550,000
    Income at 50 weeks rent at $880 pw = $44,000
    Costs: Interest at 6.5% = $35,750
    Mgt at 7.5% of rent = $3300,
    Rates (say 600 pu) = $4,800
    Insurances = $1,200
    Maint(3% of rent) = $1,500
    Totals = $46,550

    Loss of $2550 py or about $50 pw, but the rents are currently less than market for similar properties and the leases are coming up for review in a couple of months and certainly there is a minimum of $15 pw per unit increase (or about $120 pw extra say to be phased in over the next 3 months). Now if one decreases the interest payment by the deposit (trying hard for 80% LVR) then the interest comes down to $28,600, the deposit is slurped up from equity (actually reasonable capital growth in Brisbane property) in these properties, then this is no cash down (I know that is a bit of a misnomer because I could access the cash and put it elsewhere)however to me it still seems a good deal, if one considers the longer term growth (check with your in-laws about what is going up there now). Perhaps I am stretching things a little to make it fit however the addition to the portfolio makes a modest CG of 5% p.a. much stronger, and do it again Sam.

    Alex

    Profile photo of adowlandadowland
    Participant
    @adowland
    Join Date: 2003
    Post Count: 14
    August 26, 2003 - 11:46 am

    would have liked more response, ah well.
    If quantum reality teaches us anything about this universe it is that nothing is sancrosanct, all is fluid and energy, which is another way of saying “it’s all changed”.

    Alex

    Profile photo of adowlandadowland
    Participant
    @adowland
    Join Date: 2003
    Post Count: 14
    August 26, 2003 - 11:44 am

    Yeah, count me in as well

    [email protected]

    Alex

Viewing 13 posts - 1 through 13 (of 13 total)