Coach sounds so much better than over paid consultant.

Achawk wrote:
 parents will hand over 70% of the profits

I'm lost. Where are these profits coming from? If there's any profit at all how much are you projecting?

As far as SS's go they tell you what you want to hear in the main. Fin models are only as good as the inputs. SS designers tend to reflect what the writer wants to know relevant to their particular style or strategies in investing so make sure you understand what the SS is telling you.

In this case the figures are static projections based on time…[Read more]

link to Cheeves spreadsheet

https://docs.google.com/spreadsheet/ccc?key=0Ag10nVvomrvSdERRMmVqTEZfMzdqWHZkMU42UENMLWc&usp=sharing

Any problems accessing it let me know

CheevesFinancial wrote:
I find myself to be technically inclined but I can't figure out for the life of me how to upload a spreadsheet to show my financial model.  Any thoughts?  Freckle:  If you want to PM me your e-mail, I can send it to you and then you can share your thoughts with the forum? 

Sent you aPM

Qlds007 wrote:
Almost right guys the Crown has ultimate rights

I forgot about those parasites.

Dubstep wrote:
Freckle,  They are coming for you !      

I know. I have an exit strategy

Nigel Farage On "Wholesale, Violent Revolution" In Europe

In a little under two minutes, Nigel Farage sums up the utter farce that "the religion" that Europe has become. He explains, his fear is that what will break up the Euro, "is not the economics of it, but wholesale, violent revolution," in the Mediterranean, and that is "all so…[Read more]

More detail  here

Negative gearing losses jump

Hasn't got a show. The forces arrayed against him are too powerful. 

It means a bit more than that. For example unless specified the directors obligations aren't necessarily equal. If you had 3 directors and 2 had little if any recoverable assets at the time of liquidation the burden may fall on the remaining director. 

Many SME B2B credit arrangements require personal guarantees. Getting a solicitor to sign you…[Read more]

JacM wrote:

rulership wrote:

If the bank wipes it clear do I have grounds  to recoup the money from the person who goes into default?

There isn't much point trying to sue someone that has no money, so it's most likely you will have to cop the loss on the chin.

Depends. They may have other assets. Unless the loan is non recourse…[Read more]

Why are guys like this so rare in politic? One thing the world is definitely short of is real leaders with the balls to do the right thing

2nd mortgage basically means second in line secured creditor. If there was insufficient to cover the first mortgage (after expenses) then the 2nd mortgage cops the loss and so on down the line. 

First to take losses are the unsecured creditor

Nest are the secured in order 

Next are the agents liquidating ( legal, RE etc) If these guys take a…[Read more]

+10

At last someone who can articulate the realities on the ground and expand on some strategy. A somewhat better elaboration than our Property Know How Club leaders "just have a look", suggestions.

I don't share your optimism but like I've said you're probably the best person to be able to manage on the ground risk. A tough act to follow for an…[Read more]

If I was to even consider Texas CRE this trend concerns me.

Texas growth appears to me as an MSM created illusion. Texas is a lifeboat for a failing US economy. The apparent growth obscures a failing internal manufacturing/commercial economy.

By the way you should also catch up with this

The Dallas Fed conducts the Texas Manufacturing Outlook Survey monthly to obtain a timely assessment of the state’s factory activity. Data were collected April 16–24, and 94 Texas manufacturers responded to the survey. Firms are asked whether output, employment, orders, prices and other indicators…[Read more]

sundirtwater wrote:
h
. I hear regional NZ has low priced homes around $30k, but will the banks allow you to refinance (assuming you have to buy the first one one in cash to get equity)?

I don't know where you get that from but it's rubbish. Land value alone in most rural areas is worth more. NZ housing stock is over valued in the main. It's…[Read more]

alfrescodining wrote:

That's the kind of property I'm after.  Sites with development potential that aren't on the market, and the owner has no idea how much they are worth but I do. 

OK I see now. I'd still do it person to person though. You surprise me in that you have the cahones to give development a go but don't have enough confidence…[Read more]

John here's a little tip for you. One off projects aren't much use to anyone. The Exxon project is what 2 years? Then what?

But lets put Exxons project in perspective. There are no new jobs. The project is a consolidation of several sites that are past there use by date and the importing of 2000 personal from Fairfax, Va. The new locale is simply…[Read more]