I’m watching the market, with no commitment to buy.

If I find a great deal, I’ll buy. Otherwise, I would not want to guess the bottom of the market.

Cheers,

CarLover.

Put your funds in a cash management trust.

Insurance is a bit like lottery.

Lots of people put in a small amount, a few get paid out more than they put in.

The funds feed a whole industry, including taxes. There are also generous upfront and traling commissions paid to the insurance brokers. I have heard of upfront commissions above 20% on insurance products. That’s why you see so…[Read more]

I reckon I’m at 6, even though I would like to think I’m at 7 or 8.

As my knowledge improves, I expect to be more confortable operating at level 7 or 8.

Cheers,

CarLover

Yes it will affect your borrowing capacity.

Don’t take the higher limit unless you need it.

When assessing borrowing capacity, most lenders assume that you spend about 3% of your credit card limit in interest per year.

The bottom line is, a higher limit reduces your borrowing capacity.

CarLover.

I recently purchased a copy of Trust Magic and would recommend it. It gives you a good idea of the advantages of trust structures. Well worth the cost of the book.

CarLover.

Thanks to all of you who have provided feedback.

I’ll be extra careful when I check them out.

CarLover.

I know that’s only 5. There must be a sixth one but I can’t think of it at the moment.

CarLover.

Thanks for the post Redwing, that should be an interesting topic.

I’m still relatively junior in property investment. Anyway, here are the major things I wish I knew when I started.

1. Start with strategy. Work out what best fits your situation and personality: reno, + cash flow, cap growth, subdivisions, whatever works for you…

2.…[Read more]

Monopoly, you are not alone in experiencing a change in others when the topic of investment property is mentioned.

I’ve noticed that, if I talk investment property with people at work who haven’t got one, many of them don’t want to hear about it.

I’m not sure what it is, whether they see me diferently or they feel regretful as they wish they had…[Read more]

I went to an evening $60 seminar from Brad Sugars a few years ago. Brad was bragging about how he bought a business so cheap, at unfairly low prices. His mentality is clearly win/lose. His lack of ethics and worship of money made me sick. No way would I go to one of his seminars.

I believe that Brad started his career in marketing. He’s…[Read more]

On ABC a few weeks ago, there was a report on Brendan Nichols. From what was shown, he seemed to specialise on the spiritual side. His branching into wealth seminar must have been more recent.

CarLover.

Thanks for the reply Geronimo.

Do a search on google in real estate selling. There are a few do it yourself kits out there that can help you get started.

There also a few book on selling your house. They can be found in the major bookstores.

CarLover.

Thanks Steve for sharing your insights. I found this newsletter a very interesting read. It triggered a lot of thoughts and ideas.

The comments from the forum were quite interesting as well. I especially liked Gatsby comments on purpose.

Here are my few cents worth…

I would definitely put purpose first. Without a purpose and a goal, how…[Read more]

Like many others, I wish I had learned about investing, finances, and the many ways to make a living.

I agree with what Robert Kyiosaki says about the subject, that it is sad that so many people come out of school with only one thought: find a job. That included me a while ago.

I’m only starting on becoming less dependant on a job. I wish I…[Read more]

That seems incredibly cheap for one house and 5 flats. Is there a catch somewhere?

I’ve just watched the show that I taped earlier. I agree with others have said. There wasn’t much for the investor in there.

What I found interesting though is how Rick Otton explained that the most “successful” seminar presenters were the ones who entertained the most and taught the least.

CarLover.

The state government justification doesn’t make a lot of sense.

By taxing sellers, it will discourage quite a few people from selling their property. That is likely to reduce supply and push prices up.

In what way does removing the land tax free threshold is ‘fair?’

We have a state government that have miscalculated their budget, and came up…[Read more]

Real estate is different because it has sleek operators and marketers who specialise in hiding the truth, manipulating people’s emotions and painting a false picture. They do it with a degree of sophistication not seen in car yards.

If you haven’t seen any of them in action, go to a ‘free’ investment property seminar.