Yep, I have a horror story…NZ Bird Dogs just sold me a lemon! Barb Griffin, aka Mini Mogul, found a duplex in NZ that looked great in the pics…only her people on the ground had failed to do a proper inspection and discover (or if they did they didn’t tell me) the downpipes stuffed full of congealed leaves; the carpets crawling with bugs eating…[Read more]

I agree with Kay and some others. Jenman’s commentaries are very entertaining and right on the money! What I think particularly hilarious is that the post which kicked off this thread, although ostensibly written as a high moral ground post, actually commits the very sin that it rails against:
“In short, while Neil sees fit to unfairly attack…[Read more]

Hi Cazz,
I know what you mean about the risks of mining towns, but Mt Isa is still booming, with yields of over 9%, and it really depends how long the life of the mine is. I know a lot of Ed Burton and other investors bought into Moranbah three or four years ago and doubled their capital investment within a year or so. If the yield is still good…[Read more]

Hellman, where do you suggest Chevy invest the money to get 12%? That’s quite a return.

Commonwealth Bank and AMP offer 0.5% off the SVR i.e. 6.82%, both also offer a one year introductory 6.19% rate, after which you can switch to the 6.82%. With Commonwealth you have to qualify for their wealth package which costs $300 a year, AMP says they’re currently waiving all annual and monthly fees related to the profl package.

I think a lot…[Read more]

Thank you muchly.
Regards
Cruiser

Thanks Benson.
You mean, I signed the contract to buy in July 04 so as long as I don’t sign a contract to sell until July 05, then I get the concession?

OK, I stand corrected, but I’m surprised. Seems a bit harsh to lose everything you’ve put in.
Cheers
Cruiser

I agree with Robert and disagree with Qlds007. There would be a caveatable interest under equitable principles. He would be able to get back what he has put in.

Hi Gold Coast girl and others,
I recently cancelled my Gold membership too, and since this thread has resurfaced, I thought I’d share the reasons why.
After getting promotional material from Ed last year, I decided to go to the seminar because, despite the hype, he said he had 25 yrs experience as an accountant, and some serious qualifications.…[Read more]

A bank can discriminate on any grounds it likes, except those existing in the anti discrimination acts. those grounds include age. the bank will tell the bfso they are discriminating on teh basis of ability to repay. You can still try a complaint to the BFSO but I don’t think you’d get far.
Banks get it from the other side, people like me…[Read more]

Me too, David. I also know some other people in Coffs who would be interested.
Cheers

Terry,
are you saying that because you presume so, or do you have Jakobi’s stuff?
Cruiser

Hi Jaco
I have an IP in the Isa. You can find heaps of IPs there on realestate.com.au. Am happy to share info with you if you want to email me.
Cruiser

Yes, I’ve seen the property. What happened, the vendor agreed to reduce the price to $190,000 as long as I accept responsibility for outstanding requisitions.
regards
Cruiser

I think all you guys are far too harsh on Jenman! All he is doing is drawing attention to the times where Steve has sailed close to the wind – and been called to account. That is surely a good thing. Wrapping can indeed be a bad thing for some people. And if gurus are being misleading in their claims, they need to be reined back in.
Even if it’s…[Read more]

Hi Jenny. Sounds like just a few minor hitches there. Yes, I have a real horror story, involving using a buyers agent who didn’t do her job properly, bought IP 3 flats remote Qld town, building reports OK, have subsequently spent thousands of dollars on doing needed repairs; plus, one tenant broke her lease early and put in replacement tenants…[Read more]

Tony,
Just explain the last part? – “that $150k property will create $253k equity”?

I find the PIA is largely a waste of money, it’s just rubbery figures. The calculation formulaes in Margaret Lomas’s book are much more helpful. She also has free calculation software you can download if you buy her books.

Thanks, Terry & GP

Cruiser