Hi Kkowalsk,

It’s not necessarily herd mentality but a correlation of a number of factors. The interest rate rise will hurt some people coming off their honeymoon loans. These people knew the loans would change but most likely didn’t factor in to the situation the extra cost of an additional rate rise. The boom was going to occur the moment…[Read more]

Hi Richmond,

Numbers or figures can be very misleading. I was waiting for your next question. Which I thought may be ‘what is the monetary value of the contracts awarded against the percentages?’. In this area the USA is in equal 2nd place.

C2
“Is it true the more you owe the more you grow until the bank steps in?”

Hi Richmond,

Maybe the best contracts will go the way of the USA. But for now most of the contracts are being awarded to other countries and less then 15% have gone towards the USA.

C2
“Is it true the more you owe the more you grow until the bank steps in?”

Hi Redwing,

I’m glad you like the TIME and EFFORT vs RETURN. I use this in many areas and not just wealth creation.

C2
“Is it true the more you owe the more you grow until the bank sterps in?”

Hi Ian,

Before the fall of the regime it was nearly impossible for any foreigners to buy property. Even those that were married to Iraqi’s were unable to purchase unless extremely well connected. Interpretation of the so called legal system there is now under review. Many so called laws that normally would be required to be passed through…[Read more]

Hi liviwell,

You may find that most of them don’t generate this rental return all the time and that they are seasonal rates. Alice Springs has some areas that are very over priced. Also check out what the insurance rates are for certain areas.

C2
“Is it true the more you owe the more you grow until the bank steps in?”

Hi Mel,

Thanks for the very nice comments. It’s not that I won’t sell my soul, it’s more that I wouldn’t like it done to me and belive me I have more skeletons in the closet than MJ and all the Royals put together. Then again maybe my book will rival yours as a best or worst seller.

Hi Guru,

It’s all the skeletons in the closet that keep me…[Read more]

Hi All,

Please explain why we are in a “depressed market“? I thought we were still in a boom that’s slowing down.

C2
“Is it true the more you owe the more you grow until the bank steps in?”

Hi Minxii,

The million dollar question that everyone is asking and thinking about at the moment. The answer depends on your overall financial goal. My first property had 2 loans one at 13.5% and the other at 18%. The fear of interest rate hikes depends on how you start your inititial investment. I personal don’t worry about interest rates…[Read more]

Hi Minixi,

The information sheet has been discussed on and off this forum. If J sends you the info check it out very carefully. I myself was interested at first but decided the figures didn’t add up enough.

C2
“Is it true the more you owe the more you grow until the bank steps in?”

Hi Guru,

Have you seen the guy in the movie “Powder”? When I was introduced to MJ that was the first thing I thought of. It was a little hard at first to not stare at certain parts of his face when trying to find where he had surgery. The color of his face looks very similar to the Geisha’s in Japan. Also it’s symmetrical and nothing is out…[Read more]

Hi Guru,

I enjoy listening to some of his music but not all. He is a talented and gifted man. I had the pleasure of being seated at the same table at a charity function in the states. To the best of my memory he was there for approximately 80 minutes. The topic of conversations varied greatly but mainly all concerned Australia and included…[Read more]

Hi Allan,

That is exactly what some people are thinking. A bit of negativity is starting to creep in amongst some investors. Also with enough talk about prices dropping and interest rates climbing just adds fuel to the fire and creates a snow ball effect. The masses stop buying, prices start dropping and then the masses start buying…[Read more]

Hi Mike,

Not my forte, but what you wrote sounds good in theory, but the money you borrow is not for investment purposes and the ATO would most likely challenge this. If it was this easy then everyone would be doing this. If I’m wrong then someone please jump in.

C2
“Is it true the more you owe the more you grow until the bank steps in?”

Hi Cornel,

Adding value is good but don’t add unnecessary value. A dish washer is an expensive item and may need regular servicing.

C2
“Is it true the more you owe the more you grow until the bank steps in?”

Redwing,

If you want to increase by 5 then ask for 10 negotiate down. If 10 then ask for 20. You may want to find out what other similar units/houses are renting for and then decide. You may find a 10-15% increase is fair if the tenant wants a short lease. I still think it’s better to find someone for long term if your plan is buy and…[Read more]

Hi Redwing,

IMHO, I find it easier to put money into a mortgage rather than go around looking for the absolute best possible return. I don’t think it really matters whether the return is 6-8% or 10%. I use the cost of time and effort factor in making quick decisions. My time is valuable and it only takes a simple transfer on the computer to…[Read more]

Hi Lynchy,

You will get some help but not all of it. 1-2 hours north or south of Perth. Near the border of Vic just before you get into SA on highway 8. Bay of islands in NZ. Now the rest is up to you.

C2
“Is it true the more you owe the more you grow until the bank steps in?”

Hi Redwing,

You virtually answered the question yourself. If you put the 10K on the loan then you effectively get the interest rate you are paying which is more than the interest rate you will receive from an investment account and as your equity increases your return is even much higher.

C2
“Is it true the more you owe the more you grow until…[Read more]

Yes, i was refering to LI. If the tenant gives 21 days noticed I wouldn’t expect any vacancies longer than 2 days before the next tenant moves in. This is enough time to get the handyman and cleaners to do their jobs before the next tenants move in and who should already be lined up and waiting to move in. Wrong about xmas time it is amazing…[Read more]