$ 10K is such a tiny amount of money I wouldn’t be involved.

Signatures are a big deal to me….multi million dollar deals are sealed with a signature….10K for a blank signature is chicken feed and undermines the importance of it.

Hi Chris and Mike,

That’s a pretty broad request…..and very difficult to answer.

Perhaps I can best help by asking a few specific questions ;

1. What is your specific level of knowledge in the subject so far
2. Have you seen any specific deals that take your fancy
3. What do you feel most comfortable with
4. What is your upper budgetary…[Read more]

My experience with that sort of thing is that ultimately, as the investor, you bear all responsibility for your actions. At the end of the day it’s the Investors signature on the documents, they bear all risk and responsibility and are therefore entitled to all reward if any.

Trying to chase down and hold liable your own solicitors, who are past…[Read more]

Simon,

Mate….I know you don’t like being pushy….but…..aren’t you the gun hand when it comes to Mortgage broking over there and indeed based in Newcastle ??

Kriscot, I think the right person you are looking for is right under your nose mate, and has already replied to you. Check him out, you could do far worse.

G’day Matt,

I too was in your position mid way through last year and hooked up with a kindly old gentleman who reluctantly agreed to be my Mentor. The entry price for me was rather high.

As the mentee (is that a word ?? he calls me his Minty) you are in for a hell of a lot of work and brain thinking exercising trying to catch up with what your…[Read more]

I am currently looking at buying an industrial warehouse

Hi Renee,

Despite Richard’s kind words, I am certainly no expert in the field. Our group has purchased 4 industrial titles (all warehouses) over the past 2 years and we have a long way to go to match some of the wily masters of the game who have been playing it for over 40 years. We are…[Read more]

Hi Tom,

As I said previously, the real numbers are simply a multiple of the numbers presented. The ratios of the numbers are identical to the ones presented. The ratio is in the region of 20 or so.

The wife and I had a meeting with our Banker yesterday and pretty much landed with the conclusion that the “rental guarantee” for a year was a…[Read more]

Excellent observation and insight magellan.

In answer to your question – I have no idea, I just know it’s a Solicitor’s General lease. Haven’t seen the lease and haven’t seen the prop. Much to do hey…

Flying back to Oz today so I might nip around there on say Thursday and take a squizz at the “clients” as you say…

G’day matey…hope everything is treating you OK.

Just one of those nights that you sit back and think life through.

Yep – we all have those along the winding road of wealth creation. Is the sacrifice worth it, etc etc ?? Let’s hope it’s done with a nice glass of red in one hand and a chompin’ big Cuban in the other. [cigar]

I would just…[Read more]

Thanks for the replies guys. It sounded a bit squirrelly the post I know, but I didn’t want to cloud your input.

I wanted to glean your opinions on the property, which is the latest deal our group is looking at, but wound back to a normal residential level. The ratios are all the same (PP / rents etc) as discussed.

The reason I’m a bit…[Read more]

Baileys as well.

Nothing on the news in the US that we saw. I wonder if they have even heard of us sometimes.

This is exactly what I have been saying for ages. People living in Australia who never get out into the big bad world don’t realise how insignificant Australians and everything to do with Australia really is.

In general Australians are very proud of…[Read more]

I’ve never had an occassion to do this, so haven’t investigated it at all.

What I do know is the chaps down at the SRO, if they ever get a sniff of it happening, will shut that little loophole quicker than you can say ‘ticketyboo’.

If you do find a way, my advice is get in quick – it won’t be around for long, and probably so you don’t set a…[Read more]

No worries Thomas. Let’s discuss.

Been down on the rigs here in the Middle East in complete and absolute incommunicado for the past 4 days….I’m fully boned up on my fresh Arabic lessons thanks to my Muslim buddies and ready to translate back to English anything that you need…

What event are you talking about ?? Was it big enough to make…[Read more]

Turkey wasn’t bad (mind you, you need at least a good half dozen to wet the appetite!).

Holy smokes…six turkeys to just whet the appetite…you must be a big eater !!

This Xmas will be down at St Kilda with the homeless.

Outstanding work Gatsby – the first true spirit of Xmas…I bet the people you mix with there will appear to be very…[Read more]

Hey grossy…it’s pretty late over there in Australia…especially NSW…are you having one of those big nights on that single malt scotch again ?? [sleepyanim] [sick3]

Put the lid back on that bottle and go to bed matey. See you in the morning when your fingers are working a bit better. [biggrin]

G’day Ron,

Spent a total of 4 years living there, as a wee tacker in 78 and 79 in a company house in the suburb of Lamington near North Kal P.S. – great place to grow up….and much later 2 years renting there whilst attending WASM in my mis-spent youth back in 90/91.

We rented a small dive in McDonald Street right opposite the School of Mines.…[Read more]

Hi swampy30,

You are allowed to claim depreciation on a dwelling. The percentage rates are the same, generally speaking, but the gross dollar figures that you can claim are higher for new builds as, obviously, the physical components that make up the house are newer and therefore a larger percentage of what you pay for the title deed that the…[Read more]

I just don’t want my name on anything

Why not ??

G’day chookie and welcome to the forum, I hope you glean something useful from it.

Regarding the inheritance you are one lucky sausage…well done.

My parents were involved with a similar deal about 25 years ago when my grandparents died leaving their PPoR to be equally split between the four children. This could have been a complete nightmare,…[Read more]