Guys,

Offsets also get used on IPs. Most IPs are interest only to minimise your outgoing cash flow. But people setup offsets to park their spare cash to minimise the interest on their IPs. The benefit of this is that you can draw that cash straight back out when you need it for deposit on the next IP without having to go through some complex…[Read more]

My advice?

Keep watching and waiting, it was a dead cat bounce if at all. The fundamentals are shot and there’s a long way down yet to come across the board.

I reckon end of the decade will be a good time to re-enter for long term CG, possibly earlier circa 2007/8. Mind you, if you’re in it for the bucks you can make +ve CF then who cares what…[Read more]

Nobleone,

I agree, close the thread as it has nothing to do with investing. I thought long and hard before even posting a reply since quite a few of the people I hold in high regard in this forum are clearly of a religious bent. I didn’t want to get these people off-side in anyway as I respect them a lot. I hope I haven’t, but thought it…[Read more]

Cruiser,

Thanks for the post. I haven’t actually read Steve’s $1M in 1 year, but now I don’t think I will. I’m an aethiest through and through, and don’t understand why people need to invoke the name of their chosen supernatural beings in their business dealings. This is one of the main reasons I steer clear of a lot of the American real…[Read more]

Bonnie,

Or as Steve Navra might suggest, use your equity to buy you some cash flow. He uses cash bonds to free the equity into cash flow.

Check his site out for details if you’re interested.

http://www.navra.com.au

Cheers,
Michael.

HG,

First of all it sounds like you’re in great shape already so well done! As to your little windfall, well that’s a nice little dilemma to be in. I guess the trick to your question lies in the “current climate” caveat at the end, and that becomes a little bit of a crystal ball question.

FWIW, I would recommend you keep doing what you’ve done…[Read more]

Joner,

You just missed Steve Navra at SIG which was excellent. But I spoke to Peter afterwards who organised it and he said they’ve got some quality presenters lined up for their next few. They hold them monthly or thereabouts and about 100 people turned up to the last one.

I’m from the Northern Beaches (close to your way), and was highly…[Read more]

s2ss,

Peter Spann covers this issue well in his book $10M in 10 years. He calls it the perpetual deposit and achieves it by buying well and adding value up front. Then you revalue and use the difference between the valuation and the purchase cost to draw down the next deposit. ie. your created equity up front becomes your deposit on the next…[Read more]

Aceyducey,

If there’s three categories and three cards in each category, then why don’t you just go and hire 9 more movies. Statistically, there’s a 1 in 3 chance you’ll get your missing card in each cateogry, so 9 new cards should win you every prize!!!

Gee, and I thought you guys were smarter than that… [biggrin]

Cheers,
Michael.

PS…[Read more]

Aussierogue,

Now if only I knew how to ride a horse I’d be up for it!

I think that was probably a stab at me though and fair enough too. I am actually normally a modest guy and don’t consider myself wealthy by any stretch of the imagination. I rarely, if ever, tell anyone about my financial state. I just wanted to explain to Marc how being a…[Read more]

Guys,

I don’t know how you can equate being socially responsible with being self limiting.

Marc, for your info, I am a senior executive on a big 6-figure salary. I drive a new convertible and live in a $1M property on Sydney’s northern beaches. I own and wear Hugo Boss suits and eat at Sydney’s best restaurants. I do all of this and more, but…[Read more]

Marc,

A quick and simple answer for you… The guilt of the afluent arises as a result of social inequity. Those who value all human life equally are understandably distraught at the prospect of burgeoning global inequity. Even though some small positive by-product of purchasing the BMW might accrue to people in third world countries, this…[Read more]

Mark and Dot,

What they said! If you can afford to hold em (and you can) then hold em. Nobody ever made money in REI without real estate.

If you reckon they’re an underperforming asset and you can do better, then draw down on your equity and go do so. Sounds like its time for number 3.

Cheers,
Michael.

WayneL,

Well it seems you’re right that Marc isn’t over there on the left. He just took to them with the sledgehammer with his last post painting them with all the typical negative stereotypes they are perceived by. Got my back up a bit, but I won’t take the bait.

I’m probably centre left. I’m a capitalist who’s an executive in a…[Read more]

Nick,

If you’re new to it then I suggest “Money secrets of the rich” by John R Burley.

Once you get your head around the concept of “types” of investor and the likely outcome of attaining higher levels of investment performance, then you can read books on how to attain higher levels of performance.

As PropertyGuru says, there’s no short cuts.…[Read more]

Guys,

I think its called “slurping” and the search engines do it quite regularly to build their hyperlink database.

I doubt they were real users per se.

Cheers,
Michael.

Marc,

You and I both! Unfortunately, us on the far left are often perceived as being removed from reality. Unfortunately for us all, I think reality is going to catch up with us sooner rather than later.

Societies need to operate in a sustainable way, or by definition cease to operate in that way. Western societies modus operandi is…[Read more]

Hi All,

Ours was really simple yet no compromise and absolutely perfect. We had the wedding on the beach, and our reception at home for around 50 friends and family.

Our house is split level and we could easily put 8 tables in our entertaining room and then deck it out to the gills. We had it professionally catered 6 courses with Moet enough…[Read more]

Thanks Phil, sent you an email.

Cheers mate!
Michael.

OSienna,

Nice link, thanks! And common sense really. That’s what quite a few of us on here have been saying for a while, but its hard to be a bear in a bull REI forum.

There’s still profit to be made in a declining market, its just you need to employ different strategies such as wraps and flips, and it takes a lot more work. The old…[Read more]