Hi Gross, I think there may have been a mix up in the posts. Michael referred to ‘have access to a lot more money than you think you will need’ and DrX may have read this as developing is not for broke people but I’m not sure.

I agree with your point about having equity but if you only have equity then how do you go about servicing loans unless…[Read more]

You can count me out. I’ve already donated one. Is this what we call thinking outside the square. You only need 1 kidney to have a happy healthy life. His body, his choice. Would we think any different if he was working, owned his own home but wanted some extra funds? How much would you pay to buy a kidney and save your loved ones…[Read more]

The wording of the trust in regards to children needs to be very specific. The ‘children of Mr and Mrs A’ does not necessarily mean the children of Mr A before he married. This exact phrase was challenged by the ATO when they tried to grab the assests of a Mr A by saying that Mr A has no children with Mrs A.

A trust also set up in Mrs A’s maiden…[Read more]

Hi Calvin,
this is not my area of expertise but I’m always surprised when someone says they could’ve got a better deal elsewhere. how many times have you seen an item cheaper in a shop elsewhere after you just bought that item. Mortgage brokers are only human and will try to find the best deal for you but not everyone will always agree on what is…[Read more]

Sorry Nazzy that should be ‘course’ not cause.
C2

Rich in happiness and money is better than rich in money with no happiness.

Hi Nazzy,

Congratulations on getting in to the mentoring cause. It may be worth while to contact the university and find out what books they use for the course you were thinking of doing. Try to borrow some books and when you want a break from the investing side read one of the books or even allocate 1-2 hours a week to reading these books.…[Read more]

Hi Rumin,
No need to say sorry you didn’t do anything wrong. I normally type in a few words and then go for exact phrase. For example if you are interested in hybrid trusts then type in hybrid trusts and not just trusts. I hope this helps you out

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Rich in happiness and money is better than rich in money with no happiness.

Hi Dr X

‘If my partner and I ever broke up (which is unlikely), the last thing I would be thinking about is how the stupid assets are divided, deciding what will happen to kids etc is more important than money!

who cares????

Just split the money in half and move on.’

This sounds easy in theory but even if you decide to split it 50/50 the…[Read more]

LB, Which part do you think it’s a job for the banking ombudsman? The ‘it’s not my problem’ answer, the phone calls to get me back or the whole process.

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Rich in happiness and money is better than rich in money with no happiness.

It would be interesting to see how many people on this forum who invest in property are actually working in the discipline they studied at university. I chose my discipline because it was something I was interested and could be undertaken part time. It doesn’t matter whether you choose steve’s mentoring course or study at university, neither of…[Read more]

Hi Dr.X,

Not all landlords are slumlords and I can easily say that all my IP’s are places that I would or have lived in. After recently meeting an elderly gentleman staying in one of my IP’s I offered to put additional security screens on the fixed windows instead of the half screens that cover only the sliding part of the windows that open.…[Read more]

I’m with gross on this one. I get lost with all the figures and stats and don’t really think there is one perfect way to always maximise your investing. Too many people are out their trying to squeeze the last little dollar out of their investments. Sometimes its better to take a little less of a return and have more freedom and time to do other…[Read more]

Hi dsmith, you described someone I know very very well except it was an old 67/9 valiant pacer traded for an 80’s nissan diesel utility because diesel prices were cheaper than petrol.

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Hi Tools, what would be your asking price? I’m with Scott on this $5000 is a tempting offer, but if the house is really good and depending on location you may be able to double that price.

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Hi Rumin, thanks for the advice about Somersets search function. Now that you have written about it a few times maybe you should just start a thread listing it’s functions and then you won’t need to keep repeating your self and others wont have to read the same messages over again.

C2

A similar situation occured in the Northern Territory a few years back where a woman was attacked and raped. Somehow the blame was put on housing commission (name has changed) for having louvere windows and fly screen mesh that could easily be opened. No one was sued but the department decided to put security screens and doors on all their…[Read more]

Nice bike but a little expensive for my taste. What speed have you had it up too? Why the trip to the Lamborghini factory?

Dazz, avoiding bullets brings back memories. The adrenalin really starts pumping when you hear that first crack and whizz.

C2

Rising petrol prices may be good for investors with inner city IP’s or IP’s close to public transport. As petrol prices rise those people who have to travel long distances by car will want to move either closer to the city or near public transport. This effect may see a drop in rural prices and an increase in city prices. At the moment there is…[Read more]

Hi Richard, my gut feeling is that your right because I have been trying to sort this out for a few years, but it would be very nice if we are both wrong and someone has found a way to do it. The person involved wont be back in Japasn until next month and I will find out exactly what the situation is. If it can be done do you want the information?

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Hi, for business information check out Easy business centre EBC.com.au and for advice on how to promote your site and what contents have a look at a site called sitesell.com

I use both of them regularly for information and resources. Be a little careful with sitesell if you sign up as you can get a lot of business mail from people wanting to…[Read more]