Just to get you off the paradigm, our (Steve and I) portfolio consists of wraps and buy and holds.

It can be done!!

Dave

Thanks for your wishes.

I thought life was good before but with each child it just gets better.

Absolutely priceless watching my 2 girls give him kisses.

Dave

Hey Slacker

Hope your holiday is going great.

Safe trip back!

Dave

Hi Sara

I also enjoyed the chat.

I will be testing you today on where you are at.

My mind was also racing as I drove back home about my business and making sure I was also onthe right track.

See you in a few hours.

Night

Dave

I think you will find that most city valuers subcontract it out to the local valuer.

So you are just as well to contact them direct.

CJA Lee & Associates in Traralgon

Dave

Hi Lance

How are you going?

The reason for paying money off your underlying mortgage is mainly due to the Sale of Land Act (In Victoria). I would imagine other states would have something similar.

Basically, the clauses in question were brought in to ensure that if a property is sold under terms when they make their last payment to you you have…[Read more]

Steve,

I’m typing this at the Hong Kong airport.

You have been busy this last week!!

See you in the morning

Dave

PS I’m looking forward to catching up with the rest of you on the weekend

Hi Aaron

Is driving for a deal a hassle or a godsend?

When I first started, 1-2 hours in the car was not a problem.

I listened to educational tapes, made phone calls, thought about my long term strategy and even role-played interviews with prospective purchasers and real esate agents.

After a while and I had listened to all my tapes 3 or 4…[Read more]

Hi Wei & Craig

I remember seeing a story on a current affais show about them.

From what I remember, the reason people were peeved with them was that
(1) they didn’t allow the person to see the house before purchasing it (sign the contract to buy and then I’ll tell you were it is) and (2) the guy was making a profit.

Now I’m a pretty simple guy…[Read more]

Hi Carolynne

We invest 100% of the payments to us off our loan. On my calculations, ALL our loans will be repaid within 5-6 years due to the power of compound interest as Tim correctly points out.

We could take our cash flow today and use it for other investments, but we are happy to pay down our debt whilst we don’t need the cashflow.

It’s…[Read more]

Hi Gary

On first instance you go an extra 1.5% just because it is a wrap.

However, if they give you confirmation they accept the concept then you are ahead of what a lot of people get to. Lots of banks / brokers are not even able to find someone who can do wrap finance.

With regards to the extra rate, is the cost of finance the issue or the…[Read more]

Scott

The issue you bring up is not only an issue for wraps, it is with every business and every individual whether they have investments or not.

When someone dies, their affairs need to be “cleaned up”.

Personally, I keep my wife (and other close people) in the picture so she knows enough to be able to keep things moving after I’m gone. I also…[Read more]