Forum Replies Created
Im with melbear on this one. Your trippin!!! You dont even know what information hk presented, yet you make huge assumptions. I can bet that if steve has a seminar for $$xxx you’ll be the first to buy a ticket.
OK, one thing people should understand is: yes hk is <<edited – defamatory>>, but he was completely againest cbd, docklands and southbank apartments, the media was completely wrong about this. secondly, people wanted to secure there future, get out of jobs they hate this is what motivated people, everyone wants to get rich but contrary to the tabloids this is not what my impression of his teachings were about. the “retire a millionaire in 3 yr crap was simple to get people along to his seminars.
WHAT ABOUT HENRY KAYE HES PRETTY GOOD
JUST KIDDING OF COURSE!!!
cool thanks guys ill speak with my solicitor. Its not oasis, Id rather not say which development as it may incriminate me lol
im in victoria, property is also in vic.
thanks mh, i need to change the title because i cannot settle the property on my own at this point in time.
regards
g
with low interest rates low unemployment and people still uneasy about the sharemarket, i cant see a “bust” so to speak occurring. prices will flatten in the apartment market and mild losses will occur, however people still want to invest look at all the shows on tv “renovation rescue” “the block” diy this diy that. People believe theres money in property. I think people are getting more savy now, buying houses in areas with low development, future potential, close to the city, transport infrastructure all that jazz. If a mythical bust did occur then hey that would be great for investors anyway. Bargain property!
HAS HK been on today tonight yet, im still at work pls aDVISE.
I think they asked him to come on, whether he will is another matter.
hk gets people to speak about mez on the proviso that they can market to his disciples, these deals arent HK created deals.
id say that if you took cbd & southbank out of the equation, vacancy rates would be much lower. suburbs like footscray, northcote, elwood even port melbourne with all its development have low vacancy rates, mainly because people want to live there and in suburbs like footscray theres next to no land and tough building regulations regarding density etc. when you look at the cbd theres thousands of identical units in a noisy dirty area with no trees etc. + look whats happening now, as theres less land in the cbd to build all they do is build on top of other building.
firstly, make sure a prospectus is provided and get your accountant to read it. Investigate the deal, the developer, the quality of previous work the location etc etc, do your own due diligence. some investment banks, eg maquarie offer mez if you have enough capital + they will guarntee your capital from any loss with a bank guarantee from a top 4 bank, this is a much safer way to go about it, unfortunately they usually require about 500K + or they wont even bother with you.
apparently he’s no better than all the people he criticises. An article in ‘The Age’ said he has made a small fortune with his system and constantly threatens legal action againest RE’s within his system that dont pay even if its a few days over due. Hes apparently a real tyrant out for what ever he can get.
Thanks for that VLuu27.
Im in agreance with what you say, it is very hypocritical the way PCG gets you to buy property without doing the research I fell into the trap and did infact buy from pcg. the sales people in my opinion are of the the sleezy car salesman variety. I ended up doing the research after i bought the property and believe i overpaid, my only saving grace is that construction has taken so long to commence that by settlement i should be paying market or slightly less.
One thing i can say is that i learnt a big lesson from this mistake lets just hope that i get through it unscaithed.
mezzanine is usually 60-70% bank 20% mez and 10% developer. I would stay away unless theres a prospetus and you have checked out the quality of the development yourself.
The move to high rise living is due to changing demographics, lifestyle factors etc, I cant see a major shift in this trend as more and more of the population enjoys the cafe lifestyle, living close to where they work etc. Add to that more professionals to busy to mow the backyard and it starts to make sense to live in apartments. Look at New york as an example of where we are headed. If there is a large supply of apartments you need to factor in what makes yours unique, better etc. This is a major reason buildings designed by ‘brand name’ architects tend to sell at a premium.
Ok, this is a question i want some ideas on too. My account demonstrated to me how I could setup a trust structure were i could sell one property and pay my self a wage from the capital gain. In doing this i would require a separate trust/company that would invoice the first trust each week/month. As long as company 2 has a ligitimate commercial name eg: renovation kings or property sourcing Australia it will be deemed a ligitimate income. speak to your accountant as I dont know all the ins and outs.
I spent $4500 on a course and it was tax deductable without me purchasing an investment property. I was advised that as long as you have some sort of investment eg: a small parcel of shares it can be claimable.
I havent and never would. I have to question this whole positive gearing thing in the country. you might make 20 to $30 a week in cashflow per week but wheres the capital gain, as far as im concerned this is where the money is made. It just seems stupid to me to have a bunch of properties that will never really be worth much.
Hi Louise,
Oasis in a hk development. It is Worth having a look at as it is very unique and well located. and no i dont work for pcg or hk. PS: the units being sold will be units purchased 2.5 years ago that are being on sold.
