Dan42 wrote:
You can't have your cake and eat it too.

In this case the Tax Man can.

I have a situation that demonstrates how this system can be overly restrictive.  If things start getting hairy here and the banks start looking a bit dodgy – which is remote I know, but not infeasible and I’d be happy to argue the point, but moving on – I could consider paying off some of my loans.  Why would I do this? Because as it stands I have…[Read more]

CHIS wrote:
Personal insults on a general forum are for the childish and intellectually challenged.

Mmmmm? I’d take a pill, relax and give as good as you get.  It’s all part of the fun of the forum. Which brings me to my next point…

ohricey wrote:
Hi all,Total newbie to this and would appreciate any advice

   Then

CHIS wrote:
This is a foru…[Read more]

CHIS wrote:
I wish I was smarter

Perhaps those that take your advice might also end up wishing this was so!

CHIS wrote:
It's the time of championsThis is the market to make money

Scamp wrote:
Stay out of the property market at all costs. Getting in now will ruin you for life. End of story.

There is no right or wrong time to invest because the right time can only be based upon your own specific circumstances.  At the moment no one can predict…[Read more]

Badgers_R_Us wrote:
I think that the current property boom will end with some potentially catastrophic results. Many Australian investors are geared up to the hilt (particularly the mums and dads players with the one property, representing a high proportion of investors) and the clouds are gathering for these and many thousands of home owners…[Read more]

Interesting.  Basically the banks response is (certainly at the level I spoke) they can't answer that question because they do not know, and (in a round about way) implied that I was wasting their time even asking because it was such a remote prospect.Of course it's still not a satisfactory answer.  I do wonder if it's something they would r…[Read more]

Cat159 wrote:
Which means although there is no guarantees you'll get your money back – you'll be first in line to receive funds back.

I'm trying to avoid the chances of having to be in the queue in the fist place, so the exam question for the bank is; if you lose my money will that loss be offset against what I owe?  If the answer is no, then…[Read more]

Tony B wrote:
I am aware that the Government provides guarantees but it’s only up to $20k per person max. BadgersI'm interested in this also, who told you that the Aust. government guarantees bank funds and the 20k only interest me also. Currently I feel Im not the only one concered about our money in the bank. Lets know your source for this in…[Read more]

Badgers_R_Us wrote:

jthomo wrote:
How many IP do you own badger???honest answer only though….

Why?  Would it be your assertion that the merit of my contribution is directly linked to the number of IP's I have?  My brother knows a great deal about tennis rackets,  but I think he's only got one at the moment.Or perhaps you would just like to…[Read more]

TheYoungInvestor wrote:
Yes i know i will be paying 21% interest but on a 30,000$ amount if i took all of the 30k out with 21% how much repayment would i be doing per month on the 30k only.

YoungInvestor, I'd suggest you learn some basic maths before you even think about dabbling in investing. Without even the basic tools you're heading for…[Read more]

jthomo wrote:
How many IP do you own badger???honest answer only though….

Why?  Would it be your assertion that the merit of my contribution is directly linked to the number of IP's I have?  My brother knows a great deal about tennis rackets,  but I think he's only got one at the moment.Or perhaps you would just like to compare the size of…[Read more]

Re your link to:

enduser wrote:
http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=104989559&f=30&p=10&t=res&ty=&fmt=&header=&cc=&c=19447341&s=vic&tm=1215040281

Sure it's a bargain, that's because it's going to be underwater in 20 years time! 

PaulDobson wrote:
Hi BadgerGosh, I'm going to have to slap myself on the wrist again   Why, well I paid $10,000 for a full year of mentoring and, at the first get together, learned a technique that no one in the group had ever heard of before.  So I went straight out and used the technique and earned myself $36,000 on that transaction.  And I st…[Read more]

PaulDobson wrote:
Hi All Gosh I must remember, in my next life, to never attend a seminar because, before I attended, I had my PPOR and now I control over $xx mil in property. All done with various seminars and a couple of books from Robert Kiyosaki and John Burley. Sorry, no university and utilised one of the seminar presenters as an on-going…[Read more]

APerry wrote:
I personally know a number of very successful property investors who got their initial inspiration from going to seminars. How are these people mugs?

It does not necessarily follow that just because they are successful that they were not mugs for going in the first place. Although  I doubt they'd admit it because no one likes to…[Read more]

vockie wrote:
I doubt you have the right to decide for them.

That raises an interesting point – should idiots be allowed to be idiots or should they be legislated against because they are a danger to themselves (and perhaps others)? From an investment standpoint I think the need to dictate has been proven by the very fact that we are witnessing…[Read more]

It depends, if I knew I couldn't fail to kill myself then I'd probably pass on the opportunity to do so.

I'm not sure people are complaining so much about cost (I think most reasonable people are prepared to pay a fair price for a fair job), its more that the level of quality and consistency that disappoints.I think one reason why people get so many quotes is that they do not trust tradies, so feel the need to "test" the market in order to get a…[Read more]

Dont know what happened there. Can someone remove the duplicates please?