“I did say “I believe!”.
-I believe the world is round, but I need to have facts to back it up otherwise it’s a irrelvant comment.

Otherwise I stand by my comments.

Rgds.
Lucifer_au

I have decided to do a similar thing to Felicity, and hopefully you can gain a some more understanding…
Also it makes me understand the process better (and we can’t let Felicity have all the fun!).

“Is it ethical?”
-Are payday loan operators who charge up to 500% per yr ethical? Some would say yes, because the people might really need the money…[Read more]

“I still believe the majority are unethical.”

-Do you have any proof???? How many do you beleive are unethical? 20%, 40%…. How many???
And how are they unethical????

“Even if they were regulated, I still think it is not the most ethical thing to make money off the poorer members of society by charging them inflated prices and higher interest…[Read more]

I’ve booked – it should be very interesting!

And TerryW is right! – With 20 people there will probably be zero profit at all (with the free book and all). Also we have the option of going out for a meal afterwards too, so I’ll be going to that too (i’s pay your own way).

See you there Terryw & anyone else whos going…

Also I’m not organising…[Read more]

As MA said, it shouldn’t be too much trouble at all.

Go here for more info:
http://moneymanager.smh.com.au/tools/calculators/borrowingpower.html

Rgds.
Lucifer_au

“Have a credit card from the offset account there for those trinkets you need here from time to time.”

The ATO is targeting this type of setup (on about 150 individuals)…. Just letting you know….

Rgds.
Lucifer_au

Ahhh’… My complete apologies… It’s just too easy to press reply and not double check!…. A 107 thousand apologies!! (I have tripled checked this reply!).

Rgds.
Lcifer_au

I don’t know the details of how Melbear got a large loss, but here are a few thoughts…
1) Deprication amounting to many $$$; esp. if the place is new;
2) Neg. Gearing to a degree;
3) Give a large % of income away is loans (pls note you need an excellent tax advisor for this, and I have diliberitly left this point vague).
4) He has massive…[Read more]

PM sent – Also I suggest you keep the details of this property hidden… You never know!!!

Rgds.
Lucifer_au

Right now Duboo has 38 RE agents, and the most expensive house I saw on my last trip was $500K on an almost normal block of land!

Have a look, but let the market run it’s course (as it will either fall or move sideways) a bit before you buy.

But do as Kay suggsts check it out for yourself.

Rgds.
Lucifer_au

Kay Henery – for you:
http://www.stats.govt.nz/domino/external/web/prod_serv.nsf/092edeb76ed5aa6bcc256afe0081d84e/489b72160cc0c3dbcc256b2500098a3d?OpenDocument

Thats a long link!! Google.co.nz is your friend.

Anyway I’m glad Neil Jenmman provided some sort of wake up call and that it’s not peaches and cream (CGT and Aust. citizens for example. I…[Read more]

https://www.propertyinvesting.com/forum/topic/8278.html?SearchTerms=ALP
Been done, but good time for renewal with an election soonish!

Anyway heres my post on this matter:
===
Labour governments tend to have big social agendas that require large expenditure, which in turn means increase in taxes. An because the unions want to be seen doing…[Read more]

Mr McKnight what is your ‘multiplication by division’ strategy??

Oh and as a warning I’m not great with numbers, so go easy on me! (at least property dosen’t have any massivly difficult formulas like trading does!).

O’h and I’ll be trying to buy 1 per month, which while not a huge amount, isn’t too shaby. I’m already up to 6 for this…[Read more]

AArrghhh!!

Rgds.
Lucifer_au

Yeah – I saw the new holden ute as well (and the other car), and they still lived in a nice house (which the bank did not take away from them).

This was my favourite line:
“It’s like oh yeah just get a home equity loan, just borrow against the house, oh wow we can get $50,000 let’s go buy a new car, get a new TV,” Lee said.
>Wow, and of cours the…[Read more]

“Surely common sense prevails.”

You want to bet?? There are a million things that could happen.
The broker and solicitor could pay each other kickbacks and just use ‘renting’ as way of doing it… Of course thats going all the way over to the other (illegal) side, but hey, the broker would get a tax deduction for it.

But also, if something goes…[Read more]

It’s something that was invented that we never wsihed we had (like chemical and biological and nuclear weapons, etc).

Heres a link:
http://www.mulletsgalore.com/

God help there souls…

Rgds.
Lucifer_au

I thought I knew but then again I obviouly know nothing!
My guess someone who has posted lots… and made interesting discussion points.

Anyway Congrats Derek!

Rgds.
Lucifer_au

Your wrapping, so I’m guessing that your meeting prospective buyers/tennants/wrappes. Smrt but casual, where something that doesn’t make you seem a power person (you want the prospective buyers to be relaxed and you don’t want toi look like a RE agent), just neat but not way to dressed down (so no to stubbies… or mullets, hay it looks really bad…[Read more]

I don’t think anyone will buy St George, for a couple of reasons. The main one is that there shares are more relativly more expensive compared to other banks (they might not be actually more expensive, but when you take into account size and assets yes there shares are higher over the banks). Also NAB and CBA are out of action for a while (com…[Read more]