Hope you get a chance to do some reading while you’re recovering!
Sending you lots of positive vibes… []

Keep smiling
Felicity

I always thought the books were semi fictional too, but a great, simple read.
I have Kiyosaki to thank for making my husband understand good debt vs bad debt. Up until he read his books, my husband would NEVER have gone into debt for anything.
Now we have plenty of good debt, and although I don’t think he’s always comfortable with it, at least he…[Read more]

Very enticing Steve, well done.
My only suggestion – in one paragraph you refer to budding chartered accountants, in the next to budding investors.
Nothing major, but perhaps two different words would read better?

Keep smiling
Felicity

Hi roofarmer
I’ve been interested in Jon’s seminar right from very early on – back in the days when it cost nothing except a small monthly fee. At the time I was busy doing other stuff myself with options trading, and so didn’t attend. I did go to the introductory session, where his strategy was very well explained.
I felt he was a genuine…[Read more]

Hi AD
Thanks for sharing, it’s fascinating to see the inside working of a creative deal.
Right now I’m stuck in the quagmire of needing some private funds to keep buying properties, and I’ve yet to source anything much. [] So not a lot of deals happening right now!

Keep smiling
Felicity

Hi Rod
Yes, originally Michael Yardney was speaking, but then he ended up setting up a free night through his company Metropole, and the forum members were encouraged to attend that instead.
I’ll post details of the April meeting when I have some.
Thanks for pointing this out Rod!

Keep smiling
Felicity

Well, I know I’m thoroughly passionate about what I do with wraps, and with property generally. My poor husband!
Recently I had a RE agent approach me about a property he had up for sale, tenants wanted to buy it but couldn’t get finance. I looked at the numbers, talked to the tenants, it worked, I was in daily anticipation of a refinance…[Read more]

Mark
I have a different viewpoint to Steve’s – I wouldn’t be without landlord’s insurance!! Perhaps further down the track when I have heaps of passive income coming in it won’t be so important, but right now losing a few thousand is more than my cashflow can handle….
I’ve had 3 claims on insurance, none of the “tenant from hell” trashing the…[Read more]

For me, whether I use IO or P&I depends on where I’m at.
Right now, I’m trying to build up cashflow by buying lots of properties to wrap, so I want every cent I have to go into deposits for more houses. Therefore all of my loans are IO right now.
Once I achieve the goals I have written down, then I will start to pay down the underlying loans on…[Read more]

Hi Perky
The question is a good one, but the problem is that there’s no really good answer.
Over and over I’ve seen one person say “oh, I go to x bank for all my wraps through x package” and then someone else says “I approached them and were told they don’t do wraps”.
Nowadays it’s not a case of which financial institution you use, it’s more a…[Read more]

Bob & Sandy
Do a search on “Investment Institute” for some excellent messages on this subject.

Keep smiling
Felicity

How about taking an investor on board, one who will lend you enough money to get you down to an LVR you can borrow at (ie 80%).
You can then either work out a profit sharing arrangement with the investor, or pay them a straight % return on their funds.

Keep smiling
Felicity

A group of property investors who started out posting on the ninemsn forum get together once a month in Melbourne. It’s reasonably unstructured, lots of opportunity to chat, and occasionally a guest speaker.
There was a meeting a couple of days ago, but if I’m not stepping on any toes, I can post a message when the next one is to be held.

Keep…[Read more]

Woohoo!! a baby boy, congratulations to you and partner. [:0)]

Keep smiling
Felicity

I’m disappointed in you Tails. Up until now you have provided the stimulus for some interesting debate about differing investment strategies. Steve has taken many of your criticisms of his strategy on the chin, accepting that different people believe different things work.
So I’m disappointed by this sudden, unprovoked attack on Steve.
I don’t…[Read more]

Great feedback so far, keep it coming!!
Matt, there will always be a limit, although I’m moving into trust structures (still waiting for Steve’s latest offering!) so that may help. Right now, I’m out of money for deposits, and I’m trying to find a way to keep moving on anyway. Using private investors is one option I’ve been exploring, and may…[Read more]

Well, I’ve already stated my viewpoint on this discussion, but as nobody else has answered the questions posed by Tails, I’ll give it a go.
I should make it clear that I’m answering about properties that I have wrapped, not properties that are purely cashflow positive.

Quote:
1/How would a 2% increase in interest rates efect a…[Read more]

One of the things I’ve learnt over the last few years is that there are a multitude of ways to get rich with property.
In the end, you have to find a method that suits you both mentally and financially, and then pursue it with a passion.
In some ways, I find the hardest thing is choosing which way to make money and sticking with it!!! []

Keep…[Read more]

Hi Hamster
This is why it’s usually recommended that you have access to a LOC or have some money in an easily accessible investment, such as shares, as a contingency.
Also, once you have a few cashflow positive properties on the go, your overall risk is lower, because you can cover a couple of non performing properties with the surplus from the…[Read more]

Hi Betsy8
You may want to take a look at http://www.navra.com.au and maybe attend one of Steve Navra’s courses.
He specialises in dealing with people who are asset rich but cashflow poor.

Keep smiling
Felicity