Originally posted by MichaelYardney:

Quote:
Until you are in the right paradigm/headspace to accept that you can learn things from others and it is worth paying for this you will stay where you are.

But you have to be careful who you listen to.

Every year I spend thousands attending seminars and each year I learn something new. At one seminar…[Read more]

nkibel,

What do you consider a “blue chip” investment property? Elsewhere you said Docklands would be a blue-chip investment proposition in 10 years… so I am wondering what your criteria is that makes it so.

What kind of seminars do you run, nkibel?

kay henry

Reemmber when flipping was fashionable? Can’t see much difference here- buying for one price, selling for another. I see wrapping as flipping basically- plus the extra interest points.

It’s interesting how the courts interpreted the meaning of uncoscionability in relation to the buyer’s backgrounds:

“…spoke English as a second language. They…[Read more]

depreciatior,

Thanks for your honest opinion on wolli creek. I guess you’ve seen Rockdale- my god, it looks as if that place will be a slum of the future- how many dozens of unit blocks with 100 generic apartments can there be in one place before they have to drop rents to almost nothing to get tenants.

It’s interesting what you have to say…[Read more]

Terry,

Unless the HK seminar attendees were forced into attending, then they can hardly cry poor when the spruiker goes down. Wouldn’t one know that if one paid 36k for seminars, then it would be a waste of money? C’mon.

kay henry

Originally posted by Michael Whyte:
Phil,

Not a bad idea at all to split out a “Getting Started” forum board. You could even make it such that new members can only post in this sandpit board until they reach 50 posts or some such. They can still read all the other technical stuff but only post in the other boards when they’re off their…[Read more]

Thanks for the info, Terry

To my mind, there needs to be some sort of regulation around these “educational” courses to temper the addictions of seminar junkies. I’m not sure why the taxpayer should subsidise the whims and fantasies to the tune of some many thousands in tax returns to individuals who waste such vast amounts of money. Maybe that…[Read more]

REL,

Any contract is binding when it’s signed by both of you, without duress, and you can put anything into it. The contract won’t be valid, though- even if signed- if it’s found to be unconscionable (manifestly unfair) or if it’s made with a person under the age of 18 etc.

If I were you, I’d get it checked by a solicitor to see that you’re not…[Read more]

dmichie said:

” Putting aside the fact that Australia’s top tax rate is much higher than most OECD nations (outside of Europe)…”

So what, dmichie? Euro countries also protect workers’ jobs better, have better public education systems, better public health systems etc…

We are not ALL of the “tax is bad” vein. To like real estate doesn’t mean…[Read more]

christobell,

It might have been better if you sold that property at the peak of the boom, when all properties were pretty much being snapped up… many properties have decreased substantially since then- I know people who are so sorry they didn’t sell 18 months ago- sometimes ya just godda go with the boom. Even a property bought five years ago…[Read more]

I agree that article was awful- ugh- greg sheridan’s writing looks more suited to a blog than an article in The Australian.

A comment on bracket creep though… I never get why people complain about getting more wages and moving into a higher tax bracket… it’s like being annoyed at paying more CGT because one got more capital gain!

How do…[Read more]

Give it a break, will ya, resi? It gets a bit boring after a while.

kay henry

I was under the impression that 4 units on one title (not company title) is a usual vanilla deal for lending. Commercial is only if it is above 4 units? s that right?

kay henry

collie- good for you )

May I ask hoew a commercial deal works for a residential unit? Even though they have a long-term lease, why do they pay all outgoings?

Also, did you need 30% deposit if it is a remote mining community or due to small population?

And, did you take the buer’s agent fee from your net return?

Hope you don’t mind me asking…[Read more]

Fair enough, richmond

I do find somersoft to be too sycophantish and hero-worshipping- I find that gets in the way of having differing opinions. I think anyone can puff themselves up and use smug winks to support what we have just read online in the newspaper that morning, but I am not sure that makes for intelligent discourse.

I guess I find…[Read more]

Bofclark,

Interesting story about the nurse but I would see saving up money for each house to be a rather old-fashioned way of doing things (although I admire her discipline for doing that back in 1989). However, if that lady- of the same means- attempted to start off as a nurse and save wages to buy a house in 2005 in sydney for cash- say…[Read more]

I read on an aussie bankrupty site (fred appleton?) that by the time people are thinking about bankruptcy, their credit is often so impaired over years of being unable to repay debts, that bankruptcy can be an option.

A few impairments can be such an impediment to lending anyway, that for some, it can seem an equivalent solution. Thre real…[Read more]

MA,

It would depend for me (if I had money to lend- which I don’t) on the circumstances of the person. I believe it is illegal to loan money to a current bankrupt? But for a discharged bankrupt, it would depend on HOW they became bankrupt.

For example, I would see a failure of a small business differently than I would some sort of scam. I know…[Read more]

Nicely said, brahms.

I pay rent. My investments give me greater return than if I lived in one of my rental properties.

kay henry

??