“but certainly Steve’s 11-second rule was totally out of touch with what was going on and any properties showing this kind or return were either non-existent or extremely chancy.”

Yeah… and thats why I am still finding good, solid property that meet the 11 sec solution… In fact I’ve bought 5 so far this year…

“And a man who draws from t…[Read more]

I noticed something interesting today, that relates to this.

I was in my local library and I was having a look at investment books. Nearly all of them were written during a boom of some sort (RE books for RE, etc).

Rgds.
Luicfer_au

Okay, how to get rid off all Trjans and viruses:

1.First run an anti virus software (I like AVG, which is free- go to http://www.grisoft.com/. This app also has internet updates to, and again, yes (for free!!).

2. Anti-Virus software should remove most of the viruses, but it might not delete all and they could come back!

3. So go to Settings,…[Read more]

Will Vendor Finance “loop holes” be closed?

No. A major reason is that many farmers sell their land on vendor finace terms, as do owners of very large commercial buildings (say over $20million, for exmple).

Also the paper falsely states that Vendor Financing is illegal in WA. Wrong – all you have to do is pay $500 for a Credit Lisence.

Another…[Read more]

Interesting article, but the heat seems to of gone out of RE for the time being so I don’t see us getting many rate rises, and also we have one of the higherst rates in the developed world so I question how much further it can actually go. Lastly while oil might be high, in real terms it’s $15 less than the oil rises in 1990 (p73, May 8th-14th,…[Read more]

In Australia there are very few foreclosures, mainly because the banks and the public trustee send everything to public auction (RE agents usually are not allowed to sell it via private treaty- it must go to auction). Also there are no lists avalible in regards to bankruptcy (there might be some lists in regars to non-payment of council rates, but…[Read more]

Heres something I wrote up in another forum a while back. Thought you might be interested:

Muslim banks and credit unions provide “financial accommodation” where they own all or part of the house and the home-buyer pays something akin to rent.

The reason for zero interest: It’s immoral, because it involves the lender demanding a fixed and…[Read more]

Build an 3 extra bedrooms???

Nah, just kidding… Depends on what you are trying to achieve. Perhaps new kitchen and new bathroom, as it can do wonders for an apartment (and get higher rent).

Also a new paint job is nice, perhaps some new door handles.

You are limited to what you can do and so it can be difficult to add massive value like you…[Read more]

Commercial properties require more cash into the deal (because banks will only lend up to 70%-75%). Also it differes from residential in one crucial aspect. If the property dosen’t rent, simply lowering the rent might not attract a tennant, mainly because business aren’t looking at the rental, rather what the benefits of the property give to their…[Read more]

Go for it, it seems an okay deal. Perhap just Vendor finance the deposit or if you use long contracts (like 28+ pages long) increase the price on the contract and get the vendor to keep the difference as the deposit. Of course this MUST be in the contract (and banks don’t tend to like it very much at all – but if it is in their contract, and they…[Read more]

Their website seems not to work for me, but what do they do???

Also some info about what your situation is could be good.

Rgds.
Lucifer_au

You can but it gets very complicated. Super funds cannot directly borrow money when buying properties, so you get 0% leverage. Also I might add that compliance costs for DIY super can be high (as are the penalties) and unless you have over $120,000, usually it’s not worth your while. (You can get around certain rules but you spend more money in…[Read more]

If you have a trust with a corporate trustee, should according to my sources, make sure your assets aren’t in the firing line. Also having an outside charity as a beneficiary helps as well. As then the trust isn’t just benefiting you (or your family) but also outside 3rd partes. Judges are very releuctant to break these u.

Rgds.
Lucifer_au

We don’t have foreclosures or tax liens, as melbear said American idea. That said you can still pick up good property by keeping your ear to the ground.

Rgds.
Lucifer_au

“1) To get up the @rses of people who hate this type of post – success!”

“My word you lot take this all a bit too seriously. I’m off to the pub!”

Are you a moron??? Or just an idiot??? It’s hard to tell…

Rgds.
Lucifer_au

if you had a job that can be done as a contractor, (say IT for example)

It depends, you have to have oer 3 clients and also their is a another test (about personal labour), but with good advice (accountant) it is very doable.

As for a second job, as you can see Employes get very little tax beneifts compared to business owners / investors. So I…[Read more]

I would sugggest you get a mortgage broker instead. Their there to help you out, while a bank will tend to look after it’s own interests before yours.

Rgds.
Lucifer_au

8-9 as long as the deal is CF+ and my downside is limited.

Also what exactly is ‘risk’?? Because what I have done many people would say it’s risky, where as I say they have high risk.

Rgds.
Lucifer_au

Motivstorm, basically they are the same thing. A family trust (from what I know) can automatically adds your family as beneficiaries, while a discretionary trust (but not a family trust) allows you to add whoever you want. Of course you get control of on how much and who gets the money with both kind od structures.

Rgds.
Lucifer_au

Told you it was a bit ugly….

The Environmental Equation

At the time, these particularly devastating methods of mining caused murmurs of protest from farmers and pastoralists who could see for themselves the damage that was being inflicted upon their local ecology. Eventually, these mining methods were outlawed by governments, but not before…[Read more]