Hi sis
and if I was a teacher and you were in my class and answered your mobile, I’d kick you out too.
Just like I’d regularly like to kick people out of meetings, lectures, performances, movies etc where they don’t have the common courtesy to turn off their phones.
If it’s that important to get a call, put it on vibrate and leave the room before…[Read more]

You can also try http://www.groups.msn.com/PropertyInvestment

Keep smiling
Felicity

Talk to another bank!!

Keep smiling
Felicity

Hi CornelBasson
Remember how many rental properties there are and think about how many this sort of stuff really happens to, and relax. Yes, it happens, but not frequently.
Now that you’re relaxed, make VERY VERY sure you have at least building insurance with a public liability element, and if you can’t afford to cover cashflow if your rental…[Read more]

Noel is the same as any other person with theories on investing – you take everything they say, churn it all together with a big pinch of salt, and come up with what suits you and works for you.

Keep smiling
Felicity

Kiwi
If you have enough equity to make it worthwhile selling your home (ie after commissions etc), why not refinanec it and get a line of credit against that equity? Then you could use that to start investing, and still have your home.

Keep smiling
Felicity

Hi Moonrock
I’ve yet to find any lend above 80% LVR that doesn’t involve mortgage insurance. Quite often even below that level, the loan is still mortgage insured, even if you don’t pay the premium.
As for loans without LMI, they are around, I’ve found a couple at 80%, but mostly you’re looking at 75% LVR or less.
It probably all comes down to…[Read more]

Perhaps it is simply a case of, there are only so many subjects on which to express an opinion, and only so many times it’s worth expressing the same opinion. []

Keep smiling
Felicity

TerryW
Not sure about other states, but in Victoria you can only use the and/or nominee clause to transfer property to a related party (ie your spouse, or a company you’re a director of etc).
The only time you can transfer it to a non related party is if you have an existing agreement (ie JV agreement) in place prior to signing the…[Read more]

Perhaps you would prefer the word “Labelling” rather than branding.

To quote Kay Henry:
“I think they are unethical.”
And your reply:
“I couldn’t agree more with Kay”

There is also a big difference between reducing your taxes by all legal means available to you, and tax evasion, which is illegal.
I think that everybody has the right to structure…[Read more]

Matt
I find your ethics interesting.
You brand wrapping, which is fully legal (in most states) as unethical, and yet you consider earning cash income and not declaring it, which is illegal, okay? [?]

Keep smiling
Felicity

Just before Christmas I went and visited all of my wrappees to deliver a Christmas hamper.
All I can say is – it totally reinforced to me why I continue to wrap. They are all so ecstatic to finally be in their own home, they’re having a ball improving their houses, and quite a few of them already have plans about when they’ll be able to move into…[Read more]

Or you could find someone to wrap a house to you, pay the loan down for a year and then try again to move into mainstream finance.

Keep smiling
Felicity

Brendan
You’ve made some very big generalisations in your post, most of which are not always correct.
“I feel it is taking advantage of people who are not too smart”
I certainly don’t plan to suggest to any of my buyers that they’re not too smart, I hardly think they’d be impressed. Sorry, but I think this common suggestion that somehow people…[Read more]

Paulpaul
Why does he have to be either? Maybe he’s somewhere in the middle – a man with lots of strong opinions who gets lots of media coverage.
Personally I regard Neil in the same way I regard most information I receive – I read/listen to what he says, analyse it for myself, and determine my OWN opinion.
I don’t think any guru is truly an…[Read more]

I thought it was unncessary too, and to be honest it actually gave me a very poor opinion of the investor in question. She seemed incredibly callous, using her ex that way and being so flippant about it.
But maybe that was just my interpretation.

Keep smiling
Felicity

Maybe some of the festive season spirit is rubbing off! [:0)]
I agree, though, it’s much nicer to come in here for some good, positive discussions that help people to learn and grow.

Keep smiling
Felicity

toystory
I wouldn’t define 7% as lowballing. It’s generally accepted that between 5-10% of a listing price is regarded as “cream”, because most agents/vendors expect that the first offer is always going to take a bit off the asking price. Reality doesn’t always work that way (I’ve offered full price twice on houses that were already bargains -…[Read more]

Hi burbonbill
Technically I think they can act for both parties, but you definitely don’t want them to.
After all, if there’s a dispute, whose side will they be on? They can’t really be on both sides! (although I’m sure they’d be happy to try [])
So find yourself another lawyer.

Keep smiling
Felicity

Hi wezwaz
I stopped trading about a year ago, mainly because I found that with ferrying kids about to kinder, school etc I wasn’t around to focus and analyse when I needed to be.
I didn’t draw a huge income from it, I had capital of around $50,000 which was mostly used in margin so I could write naked calls and puts (this is where I write options…[Read more]