Forum Replies Created
I thought the same until today when I went to my bank and was told my offset account was a savings account on 2 properties that I own which I don’t have to make any repayments on? Thanks Steve (again!)for sorting out the mess (lol). And to think this is just me trying to refinance! I bet you can’t wait until I’m ready to buy a commercial property next! “Steve, it’s Gatsby,….hello?,…..hello,………….?
Thanks again mate!,
You gotta laugh!
Cheers,
Gatsby!I have to agree with Monopoly and Wilf and Norene and then some on this one. Not so much the posted question, but this pathetic cop out word called ‘GAZUMPING’. It’s been used to describe everything from ‘being told’ your offer ‘was too low’, to knocking back legally bound contracts to onsell to a higher bidder from vendors who can see a huge capital gain at stake to be made. I agree with you Jo that when this occurs you must see it for what it is (or isn’t!) and learn from this excuse to become more astute as a property investor. From there something positive from something negative can develop.
Cheers,
Gatsby.G’day Acey,
I agree with all the above. One thing to bear in mind though is that if you use any type of a buyer’s agent bear in mind that it’s no ‘charity’ and you’ll be buying retail, not wholesale. This may not be so much of an issue if you are looking long term and neg geared. One person who I respect put it so plainly that if the higher the purchase then the higher the commission they will receive. I don’t know anyone in this game who would take a lesser commission to buy you a ‘cheaper’ property if they could earn more commission on a more expensive property. Also if you’re in this for all it’s worth you’re are also denying yourself all the important hard yard lessons that will be of great benefit to you along the journey.
Cheers,
Gatsby.When I was last in India I stayed at a pub in New Delhi (if you could call it a pub!). They had a discount whereby if you ordered 2 bottles of Tiger beer you got a 3rd one for free. I finished the first bottle and then asked for another. When I finished the 2nd bottle I asked the waiter for my ‘free’ 3rd bottle. He told me that you had to order ‘3 bottles’ at the same time to avoid paying for the 3rd! So next time I went there I ordered 3 bottles together and only had to pay for 2 bottles. After I got through the 1st bottle the SAME waiter came up to me and said he would put one in the fridge to keep it cool??? Go figure? Only in India man!!!
Regards,
Gatsby!Hi Razor Ray,
I’d have to agree with bjb007. I also own 2 IP’s and intend to add another very soon and a short while ago I saw Dale Gatherum-Goss. I found him to be patient enough to listen to all my ‘dumb’ tax questions (Can I claim my pet pointer as a security dog?) and he gave some excellent advise and material to take away re: my property questions to read. Dale also gave a few ideas on how to mitigate liability exposure with one property without the use of a trust. I felt like I may have wasted his time but he didn’t charge me and ‘actively’ listened. I would highly recommend him.
Regards,
Gatsby.Cheers,
Gatsby!Hi mc,
I remember that a few months ago there was an article on this type of investing in the Australian Property Investor magazine that covered all the pros and cons of student accom investing. Check out the back issues. I’m sure it was this year. Good luck.
Regards,
Gatsby!…But seriously. Try ‘Meditations’ by Marcus Aurelius. I read this when I was 21 and it had quite a profound and spiritual impact on me at the time. The book consists of the recordings of passing thoughts, maxims, the musings on life and death. Marcus Aurelius (A.D. 121-180) had been trained in the Stoic philosophy that later contributed so much to christianity. It’s written with a beautiful economy of thought and has been seriously likened to Thomas a Kempis’ ‘The Imitation of Christ’ (Also good).
Cheers,
Gatsby.When I was ever so very young, I remember the odd bed time story that would rouse the spiritual passions of a young lad. Now what were they? Oh yes.
1. The Origin of Species by Means of Natural Selection. Charles Darwin.
2. The Art of War. Sun Tzu.
3. The Prince. Niccolo Machiavelli.
4. The House of the Dead. Fyodor Dostoyevsky.
5. Fear and Trembling. Soren Kierkegaard.
6. Man-Eaters of Kumaon. Jim Corbett.
7. Nausea. Jean-Paul Sartre.
8. Mein Kampf. Adolf Hitler.
….and if I was really good that day I could be heard just nodding off to the last page of ‘F. Scott Fitzgeralds’ ‘The Great Gatsby”!!!
Cheers,
Gats!Hi all,
I know it sounds too easy to be true or either too much work. You can visualize all the tarred lungs, brown teeth, wrinkled faces, clogged arteries or amputated limbs you want (I’ve tried all the above!). I still believe you’ve got to ‘want to quit – period’! By that I mean do the incompatible to smoking and all it’s associated behaviours. The easiest and most benefical way is to rack you body with the opposite behaviour. You’ve gotta huff and puff, whether that be weight resistant work out or cardio. If you punish your body this way rather than smoking you’ll benefit double wammy and it will get better exponentially. Trust me, you’ll rather oxygen than fags any day. It just takes time. Good luck!
Gats!Hey Hotshot,
You’re 4 up on me dude!
Cheers,
Gats!Hi Lynden,
Apologies for not getting back to you. I’m trying to find the bloody things! When I do I’ll get back to you. Sorry for the inconvenience.
Cheers,
Gats!Also Marc1 and Hotshot,
I couldn’t work out the Greek or Latin so last night I found the only ‘teach yourself a foreign langauge’ on CD. I turned it on before I went to bed last night, however the bloody CD kept jumping. I woke up this morning and now all I can do is stutter in Spanish!
Cheers,
Gatsby!Thanks Marc1(2,3,4,5,6..?),
Finally got to put an avatar onto my name!
Cheers,
Gatsby!
PS Now I’m an IT expert!Hi Patricklynch174,
Steve has just released a CD of an interview he held with someone in the know re: NZ and all the implications. I’ve bought it but only started listening to it in the car today.
Cheers,
Gatsby.Hi Mangoeater,
Sorry to say but at least by letting it go you you’ll be one step ahead in choosing a good pm and landlord insurance policy. I know this is cold comfort but it’s better than losing out on $100k?
Cheers,
Gatsby!Hi LeighK/Kay,
The reson I mentioned the copyright is because on another thread a while back a guy mentioned that he had a ‘copy’ of a page of Steve’s wrap pack or ‘something to that effect’ that was photocopied. Steve posted that he wasn’t impressed so I’m not trying to blow wind up Steve’s leg re: copyright but it came to mind when I wrote the reply.
Cheers,
Gatsby!Hi Timf,
Try ‘BOY EATS OWN FOOT IN FRIDGE’!……….Hell, it worked for me!
Cheers,
Gatsby!My dearest Wallflower,
I just re-read my last post. OK, yes I admit I did have a crush on the good looking one in Scooby Doo cartoon (I think the other one with glasses was called Helen?). Anyway, getting back to ‘Wonder Woman’. I could never work out the ‘invisible’ plane she flew? After her adventure she would somehow find it as you masked super heroes do. But tell me this Wallflower. Where do you put the keys when you’ve parked the plane? Under the invisble wing? More to the point, how do you find the wing after the adventure to get the keys to start her up? Are you going to the conference? I promise to wear a G- string if you do!
Regards,
Your eternal spoting partner,
Gatsby!Sorry Steve,
Seinfeild was the only sitcom that grabbed me (6 months before it ended! I then spent the next couple of years catching up on all the re-runs). I don’t know how I missed such brilliant writing. I’d have to say it was probably up there with Faulty Towers in script development (usually 2 or 3 threads that start out at the beginning, cross over and all tally up at the end). I saw Seinfeild when he came to Melbourne. Absolutely brilliant with his stand up craft. He went for over 3 hours and never swore once (to me, swearing in good comedic writing is a short cut for thinking).
Cheers,
Gatsby!Hi Lynden,
I have both but it may breach copyright?? I don’t mean to sound like a tight arse but post to Steve and if it’s cool, no problem. I believe knowledge should be shared, but knowledge earned is better utilized. Like I said though, if it’s cool by Steve, you’re welcome.
Cheers,
Gatsby!
