The investors club is the only group I am aware of who regularly hold meetings.Apart from this there are occasional seminars, I am not aware of any in Sydney in January.I also think putting a property investment group together is a fantastic idea where we all can contribute ideas research and suggestions.Danuta please let me know how this goes it…[Read more]

When banks consider your risk level they take into account your total debt possible scenario.Unfortunately they will consider your limit on your credit card to be at 100% when they make the check.Thus if your limit on your card is $10,000 but you have not touched any of it yet the bank will assume that you are already $10,000 in debt.So in your…[Read more]

I would also be interested in the costs associated with maintaining a trust, can some one please provide a list and approximate price ranges thanks.

I was already thinking along these lines myself although for different reasons.Is it possible to form a new trust around an already owned asset such as a house or must there be a sale to the new trust.

I too would like to learn more about trusts

Gday heggie67,If you want a hand with renovations give me a call, I would like to purchase another investment property so perhaps we can do a deal on labour etc? Colin 0425201055'A winner is responsible for more than his job. A loser says 'I only workhere'.' Richard Denny.   

Gday zers,It looks like an advert from a developer, often they advertise this way to get more people to look and consider their property and with volume gain more sales opportunities. What guarantee do they give you that the tenant won’t or can’t move on?It definitely looks like the tenant is commercial considering they are paying all the bill…[Read more]

My tenants have to deal with their own bills.I think it’s the best approach to encouraging them to be friendly to the environment.However I have yet to find a way to encourage them to look after my garden.'One sure way to get rid of a problem is to stop calling it a problem and call it a situation.' Richard Denny.   

This week one coffee with extra coffee $3.Which brings the total for the year to $40.I found when I started collecting recepts for every cent spent and then logging them into my computer manually and checking my bank statements made it easier to justify keeping my hands in my pockets. Then again I really needed that coffee earlier this week as I…[Read more]

http://www.whywewantyoutoberich.com/Check out this book it rases some issues of big problems yet to come.It positively reinforces the issue of why financial education is vitally important.Put it this way if we don’t provide for our own retirements we are all going to be screwed.Why should the lazy people expect others to clean up after t…[Read more]

Anyone know if the new forum will be edited?If it does I would like now to request that all idiots be removed.Man insurance is bad enough and takes long enough to come when one needs it, why place unnecessary stress on the rest of us by encouraging the insurers to make it harder for the rest of us honest folk.I guess I can’t fault you on asking a…[Read more]

I just looked up about the fire alarms, and they arent req until July 1st so guess what…. on the day before she can have one and not a minute sooner! I would rethink this, as the tenant has stressed a safety issue, working with a safety company I can assure you insurance companies will use any excuse to skip out on paying.Heck they cost less…[Read more]

"Don't let yr character be impacted by yr surroundings, instead make yr character impact yr surroundings"- Rachel Scott(17 yr old killed in columbine shooting 1999)http://rachelschallenge.com/ Yesterday I found this quote (I collect them).I think it says it all, this forum is no better than we so if your not happy change or change it.Knowledge is…[Read more]

My present financial position was caused from some bad luck.But it was seriously multiplied by an earlier mistake of a good heart.I am not saying to up the rent but realistically if you don’t do it to some extent when you encounter a problem both of you will be victims.Be nice about it because as funny as it sounds it’s benefiting both of you…[Read more]

Simon Macks sent me an article last year.I found it to be spot on.Unfortunately I had already learned the lesson the hard way around.But I kept my copy as he gave me permission to forward it to others who could do with some advice. 'The leader cannot afford to be a good communicator. They must be a greatcommunicator.' Richard Denny.   "Learn fro…[Read more]

Beware of paying good money for knowledge that you can get a lot cheaper from books.Seminars are income-generating machines taking money from people seeking short cuts and giving it to those who have read the books to make the profits. Seriously if they could make the kinds of dollars they say are possible why would they waste their time selling…[Read more]

I suggest to all to do nothing.From all of your positions your fences were doing their jobs perfectly.A dog entering your yard could be a problem but if it doesn’t bother you is it your problem really?If there were no safety issues and the fences were in good order from your perspectives there was no need to replace them.Having said all this p…[Read more]

OK folks I am looking for an extra income stream.
Anyone who has one that actually works please let me know about it.
No doubt I will be inundated and will have to sift through many.
In about a month I will get back with the ones I have tried and those that actually worked.
[email protected]

Your friend Colin,
Email…[Read more]

Hello Mitch,
I am looking for some weekend work opportunities.
With the goal being to use the extra income to get myself back into investing.

I realize that you are not looking for a simple labourer however at the present moment I am not able to contribute much more than my time.
Since I am presently working Monday to Friday the weekend work is…[Read more]

andymitchell Posted – 28/03/2006 : 09:38:02

Hi Colin – thanks for the kick up the pants…I’ve been taking on board a lot of peoples advice, I have a meeting with my accountant on Thursday to discuss the impact on our cashflow if we rented the unit for 12 months. Our plan is to try to keep the unit, and reassess after a year. I feel the market is…[Read more]