Troy or Cheeves, Just wondering if  you thought  using the Dow Jones property Index could be the best way to invest in US property as you can get 100% finance, great leverage and at the moment I  believe a yeild of 30%.  Seems to me to be the easiest and most lucrative way to get in .        .     Troy you could assume a loan preforeclosure tho…[Read more]

 A home is the most important asset you can have. If its a liability you would sell it.     It can keep you warm, it  can keep you dry , you can store your stuff in it including food  which you can also cook and eat in it, you can be entertained in it, you can even do buisiness in it, including buying and selling things like shares, commod…[Read more]

Get a good accountant.    Be wary of financial advisors most have a particular product to push and it  isnt  usually property you can find some good ones if you want to buy shares.

So Sri what your saying is you want to buy property that yeilds over 15% ,  let me know when you find some. I will take some,  I would expect you might have to lower your expectations.

You have to buy the property before you travel there to  claim a tax deduction., and then you can only claim a part of the travel expenses. In other words bugger all.

     ?  What crash ??

     From experience paying more doesnt mean better.       With the expensive ones you will be paying for the name and their self promotion.         Take Chan and Naylor as an example.  Yes $ 300 does sound steep.   The lower  charging accontants seem to have more integrity, then those just chasing the dollar.

Proprerty Jockey,  Why dont  you sell your house and buy in an an areas  where you can get good houses in  the $ 50- 150,000 price range, and plenty of jobs.   Then have  $400,000  for investing  or starting a buisness.  You would probably find you could earn more money too if you needed to or wanted to work. 

 Forgot to add it is crap  to say  you get what you pay for , as QBE policies are at premuim prices.

           STAY AWAY FROM  QBE,      had   a  claim for fire on a vehicle,   the same time the final repayment was due.     The finance Co wanted to be and was paid out by me.   QBE 's solicitors made up a heap of lies as to why they shouldnt pay, after about 2yrs of hassles and court cases,  QBE had to pay. But they refused to pay me they said t…[Read more]

My solar hot water systems were high maintainence and needed replacing  after short life, so were replaced with electric systems.

 Hi  kong,        You could  use defered purchase agreements.   You can use the Royal  Bank of Scotland for a 100% loan  with 3 years interest in advance. the interest rate is about 3-4 %, there will be  a cost of about 1% for hedging and 1% for capital protection insurance.  Total cost of loan is about 6 %.  I think you have your sights set low y…[Read more]

Super Slueth ,  you hit the nail squarely on the head, excellent post. Good to see a bit more balance on this often unbalanced forum.      I went to  one of Yza seminars and was very disapointed it didnt deliver what was promised in the promotion. Any  second rate broker or acountant could have given the same or better info. It was just  a market…[Read more]

 Well,   eloi  I must be foolish, but  I dont see the point in worrying about something that may or may  not  happen.  If the sky falls there is nothing I can do about it any way.                Australia is having a commodity boom that will only get stronger in the next few years.     The only thing holding us back is lack of workers this will…[Read more]

 Paul   which bank will lend you  80% on farm land , I have never heard of any bank lending more than 65 % on farm land and trhat is if you have lots of other assets and a good income, except perhaps RFC but being a holiday home I guess that wont fit their criteria.   Wont you also have to pay commercial rates of interest of 9-10%. You will also…[Read more]

There is an old vietnamese saying which roughly translated means there is only 2 times to do something, there is yesterday if not  then, than to-day.

  I dont see  marks name on queenslands top 100 rich list , about $ 60 m should get him on it.

 I went to Dymphna s semminar at Sydney in early feb wasted 2 days and a $1000.00 in travelling expenses, there was about 2 hrs of useful information.  The rest well if it wasnt blatant   SPRUICKING  it must have been a bad attempt at comedy and I didnt have a sense of humour. Al though it was a  Joke I dont think it was meant to be.    She was…[Read more]

How  long is  a piece of string ?   Some will go up and some will go down.    Some will do neither.    Some will do both,go down then go up 6 months later.

Tommy I went to one of roltons semminars and could not get satisfactory answers to questions talking face to face, he was  just dismissive, and tried to make me look stupid. He was selecetive about who he took questions from.    Dymphna Boholt was another spruicker who was selective about who she would  take questions from, they all seemed to be a…[Read more]