That’s going to haunt me now isn’t it? []

Good thing I didn’t use Tab as an example[]

I’d suggest starting via a search of the forum for trust/company type key phrases. It has been covered quite a bit.

Next step invest in some books and an accountant to formulate what is best for your individual situation. It’s different for everyone so best to tailor to your needs than someone else’s.

Cheers

PB

Industry averages are worked around approx 8% of “net” sales.

So sell book at avg price of $25 x 10,000 units x 8% = $20,000

Lots of variables involved like earning back advances, returns to publisher, increasing royalty % based on quantity sold (after costs covered), other costs like freight/promotion etc.

We manage our own properties as we have found PM’s to be a waste of space and money. We also rent where we live, which is managed by a property agent, and in almost 4 years we have never had an inspection. We have found that PM’s are perhaps on of if not the most arrogant species on the planet – forget about them returning calls onc the lease is signed.

I think there can be a tendency to get caught up in rules and systems when buying property. I certainly don’t use the 11 sec rule, because I find it is short term focussed, and unless I want to buy a hut in Oodnadatta, doesn’t suit my long term plans.

Every investment you make should be looked at for the life of the investment (minimum 5-7 years) and what your returns/gains will be in this time.

Some people have had great success with sub $50k properties in the middle of nowhere, and good luck to them – but it isn’t for me.

Read widely for other things to consider. Steve’s book is very good and thought provoking, but please don’t think the only way to be successful is to use this strategy.

Similar situation for me. My wife has not a lot of interest in property investing, while it is my favourite topic of conversation!

I have to bite my tongue at times as she always takes the negative view while I see dollar signs and potential.

I find it stimulating and fun and would love to do it full time – instead I invest with a friend who has the same drive and interest, and discuss IP’s constantly with him.

I think the fun we have doing it is more important to me than the returns.

Some interesting points made. However if the status quo is maintained nothing much will change. Many boomers do move north in their later years, but many younger people are moving north at the same time for lifestyle reasons. A young market helps property owners more than boomers who traditionally are owners not renters.

I think that there will eventually be a flattening of prices in property. Long term price charts show that property is an ebb and flow area.

Regional areas will probably be more affected by this. As an example, my home town had flat prices for 10 years, buy a house for 80k, sell it 10 years later for 82k. In the past 12 months, every property we have there has at least doubled in value – one more than doubled in the last four months.

When the plateau strikes it will be great for investing, as many people will move back into shares and managed funds. Then after a few years things may take off again when the people who moved to shares start seeing some value in property.

Lead the lemmings – don’t follow!

What are we going to do today Brain?

Try and take over the world!!!!

That’s my plan Pinky (and the Brain).[]

Quite a few of these programs exist – I believe they also have a horse racing one.

Shares are unpredictable (much like horseracing) and anyone who tries to sell a “sure thing stock picker” is not 100% legit IMO.

If you want to invest in shares, do the same thing you do with property – read, study, read some more, talk to some experts like brokers/traders and then make some informaed decisions.

Paying between $5k and $25k for software is fairly expensive compared to broker advice.

I have a friend who has been stung by picking software and he did five grand, plus his losses.

I’d steer well clear.