Originally posted by Celivia:
Would there be something wrong with a guy who wants to be associated with a toilet plunger?[dunny]

I thought this was hysterical – there’s Rick, trying to be his goofy self and talking about toilet plungers, and his advisers are having cardiacs and trying ever so nicely to tell him not to do it!!

Did you hear him…[Read more]

I’m not so sure people will forget this by the next election.
Right now Joe Blow might be celebrating at this great new tax that hits the fat cat landlords and gives him a break.
But those extra investing costs will come out somewhere – and it will be in rents. Less investors, and the supply and demand equation changes to a shortage of rental…[Read more]

My favourite part was when Rick was in Las Vegas after the property guru convention. He looked totally confused – the guys with great presentation skills and very little information sold heaps, and the people who shared great information very simply sold a lot less.
It doesn’t make sense to me either!!

Keep smiling
Felicity

I always liked the statement “your income will never exceed your personal development”.
No idea where it came from!

Keep smiling
Felicity

Hi aaron
I think as a wrapper you have an obligation to always maintain your loan at a level that means if the wrap buyer wants to pay you out, they can.
This is one situation where “quick turnover” wraps work well, as for the first 5 or more years of a loan not a lot gets paid off, so therefore the difference in loan balances will be…[Read more]

Hi Risky
In Victoria I believe the legislation means that it’s actually illegal to cross collateralise a wrap property with any other property. So that may not work here.
It also means that you have to be careful with debenture mortgages if you’re using a company/trust structure, because that effective cross collateralises all the properties in…[Read more]

The person I feel sorry for is the man who eventually wins the gold medal at Athens.
It will never be “his” medal – it will always be the medal he won because Thorpe wasn’t there – a very hollow victory indeed.

Keep smiling
Felicity

Excellent explanation Julia.

Keep smiling
Felicity

The whole point is that Thorpey isn’t a Joe Blow – and I’m sure there have been plenty of them who’ve made the same mistake along the way.
Ian Thorpe is the world record holder, world champion and Olympic champion, and hasn’t been beaten in this event since 1997.
He IS elite, so of course it’s different. It was almost hands down that he’d win.…[Read more]

Marty
Ask for it!
Offer a reasonable price for the house – you won’t get much positive response if you’re trying to get the house cheap as well.
Pick your areas – make offers in an area where there are a lot of homeowners with smaller mortgages, so they have equity to play with. Forget first home owner areas, for example.
Most importantly, walk…[Read more]

Taz
As long as it takes to find finance… which can be a long time nowadays!! [hmm]

Keep smiling
Felicity

Flexible lender
[lmao]

Keep smiling
Felicity

The ATO often has two sets of rules for the one “industry” or “activity”, depending on the level to which you are active.
For example, if you trade shares, then if you only do a few trades a year you will be classified as an investor, and your tax will be handled one way. If, however, you are more active, you can be classified as a trader,…[Read more]

Richmond, you’re looking in the wrong parts of Cranbourne!
It’s possible to buy very well for under $200k there.
Lynbrook is an incredibly overpriced new suburb, with lots of 2 storey 25 square mansions – and they are definitely over $300k.

Keep smiling
Felicity

If there’s one difference I’ve noticed, it’s probably that 20+ years ago a lot of families could buy a (albeit cheap!) house on one income.
Nowadays it’s almost essential to have 2 incomes.
That’s only personal observation!
However I have also noticed the trend amongst first home buyers, in the sob stories in the newspapers, to want everything…[Read more]

I feel obligated to point out that the line in the bible quoted here is not “money is the root of all evil” as is so frequently quoted.
It is in fact “the love of money is the root of all evil”
Makes a big difference.

Keep smiling
Felicity

Hi Rubbachook
You could try talking to a property investor or wrapper, I know I regularly pay investors 15% on their funds so that I don’t have to find my own deposits.

Keep smiling
Felicity

If you submit a WRITTEN offer in Victoria (and usually have to pay a holding deposit too) then the agent is legally bound to present the offer to the vendor.
I now there is one agency I’ve dealt with a few times where I doubt very much that any of my verbal offers get past the sales manager. I know the agent I deal with there is getting very…[Read more]

The problem with the word “retirement” is that it conjures up images of grey haired men and women shuffling along on the bowling green…..
My hubby and I are no longer in “paid” employment, but with everything going on in our family’s life, retirement is not a word I would choose! []

Keep smiling
Felicity

PS Crikey, just worked out I’m…[Read more]

Hey SIS
Maybe you need to get people to SMS you…
Or have a messagebank message that suggests it. []

Keep smiling
Felicity