Forum Replies Created
did you find a wrap kit?? I have one if you are still interested! [strum]
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“The greatest thing in this world is not so much where we are, but in which direction we are moving.” – Oliver Wendell Holmes, Jr.
*******************I though the monthly insider was pointing out something more sinister as well… are we DEFINATE that the end of FY was the only concern or is it possible that it was related to something else we may not of encountered?? Can any one close this post off with a rock solid answer??
Cheers Michael…
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“The greatest thing in this world is not so much where we are, but in which direction we are moving.” – Oliver Wendell Holmes, Jr.
*******************The July Insider has just landed in my inbox – at hotmail. does this mean Steve and the team have corrected the problems emailing to hotmail??
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“There will never be another now — I will make the most of today.
There will never be another me — I will make the most of myself.” — Robert H. Schuller
*******************Hi Steve,
I’m using hotmail… up until (and including) March i was receiving them fine. I tjust dawned on me today that i hadn’t received any more!
Oh.. by the way would you mind replying to my post re finance or drop me an email with your thoughts? It would be greatly appreciated!!
Cheers,
Michael…*******************
“There will never be another now — I will make the most of today.
There will never be another me — I will make the most of myself.” — Robert H. Schuller
*******************Sooshie what can i say… you have a way with words!! Brilliant reply with which i agree wholeheartedly!!
Every person born unto this earth is both a giver AND a taker. I think it would be fairer to state that each individual will tend to find a balance which will lean to one or the other, however at the end of the day not ONE of us – or anyone on this planet – would survive for long being only a giver or a taker. And i pose this question… if we were all givers (which is portrayed as the “good” personality trait) and there were indeed no takers, who would the givers give to??
I am both a giver and a taker… and proud of this fact. If i wasnt comfortable with, and didnt recognise being both a giver and a taker, i would indeed be kidding myself!!! Balance is the key!
Cheers…*******************
“There will never be another now — I will make the most of today.
There will never be another me — I will make the most of myself.” — Robert H. Schuller
*******************Can anyone else share the insurance details for their situation?
Hi All,
Long time – no post!!
Hot back to it though [}
]…
and what an awesome topic to come back to… Insurance!! []
This is a truely magic opportunity to build a wealth of knowledge here, on one post, covering ONLY insurance. So here is a suggestion to put out to everyone; lets ALL post only info relating to insurance Herein?!![]
So even if you’re only browsing this post, please take the time to share your situation re: Insurance.
Forum topics always seem to wander so if we can keep our answers concise, we could end up with a huge insurance info list!.[]
That said, my situ is this:
2 x Strata Title 2 Bed, Brick and Tile Villa Units with Carports. (Of 4 on double block)
Company: CGU
Policy Type: Strata Insurance – 12 months.
Buildings and common contents sum Ins.$333,000 (all 4) $351.93
Public Liability($5,000,000) $127.04
Stamp Duty $30.97
GST $47.89
Total $557.83 or 2 @ $139.46/unit = $278.92.Think about it 7,500 members = a lot of information!
Cheers,
Kind Regards
Michael…*******************
“There will never be another now — I will make the most of today.
There will never be another me — I will make the most of myself.” — Robert H. Schuller
*******************Hi Paul
It was great to finally read a post from you that wasnt either sarcastic, degrading, agressive, nasty or condescending!!!
I think you are a man with a huge amount of life experience and as such will have a lot to share with so many people…. but you have to stop posting in a manner that rubs EVERYONE up the wrong way!!! your content is being lost to constant “mine is better than yours” banter.
Please share more of your views with all of us as this is the whole idea of forums…. whether you agree or disagree with the particular views/strategies expressed reply/post in a positive thoughtful manner. You spend so much time and effort typing posts here so why not enjoy the experience…. soooo many of your post express either frustration or agrivation with other peoples views and opinions. sure express your views but leave the personal attacks out of it!!! at the end of the day you are wasting a lot of energy carrying on in this manner.
I like a lot of the content that you offer- as would most people that use this site – as it widens the knowledge horizon but frankly, judging by the retaliation you are constantly met with, your valuable input is constantly going by the wayside due to your overly passionate commitment to “YOUR way is the RIGHT way”. every one of us has our own “right way” and all you can ever hope to achieve on any forum is the simple exchange of information to educate people in ALL directions so that they know exactly what their options are!!!
So please only continue to post if you wish to get less personal and more informative/discussive.
Remember…. any forum should be a positive experience for all!!!
Cheers Mate, and believe me i havent said any of this to fire you up…. i simply like some of what you have to say and would love to read more but am quickly tiring of the above mentioned issues!
Regards,
Michael…*******************
“There will never be another now — I will make the most of today.
There will never be another me — I will make the most of myself.” — Robert H. Schuller
*******************Hi Watto
Thanks for the sites… did both still waiting on one book and have scored the one from yourprosperity.com – how to invest in managed funds by marg lomas. should be a good lighthearted look at the “mainstream” flock approach to investing!Cheers Michael…
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“There will never be another now — I will make the most of today.
There will never be another me — I will make the most of myself.” — Robert H. Schuller
*******************Thanks Steve
This is the same solicitor Bruce Innocent recommended so I’ll deftinately give him a call.
(I’m sure he’ll be happy to shout lunch…. i’m aiming to be a big fishy swimming in his pond someday!!)
Great accountant you’ve got… be sure to let him know i’d be booking an appt to see him… if his client book wasn’t full up!!!
Cheers
Michael…*******************
“There will never be another now — I will make the most of today.
There will never be another me — I will make the most of myself.” — Robert H. Schuller
*******************Thanks AD I’m about to check it out mate…
Anyone else got any suggestions???
Pleeeeeease help….
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“The big challenge is to become all that you have the possibility of becoming. You cannot believe what it does to the human spirit to maximize your human potential and stretch yourself to the limit.” – Jim Rohn
*******************Hi Tim
I dont recall reading the post however i shall take another browse through the topics and hopefully locate it!!
Was it specifically listing PI software giving pro’s and con’s of each???
This was my aim with this post…. to get all the software knowledge together on ONE post instead of in dribs and drabs here and there!!!
To answer your question…things are going along at a VERY rapid pace for me here in Hbt. Hopefully not more than about a mth off my 1st wrap(all going well). How about you – much change since we last chatted?!
I MUST drop u an email soon… the new year is upon us and i’d really love to at least knock heads again re the PI meetings!!!!
Keep in touch, and Tim while i’m thinking of it, have you any good contacts in the way of solicitors and a/cnts??? if u have would u mind either emailing me or replying to my other current post re this topic!
Cheers
Michael…*******************
“The big challenge is to become all that you have the possibility of becoming. You cannot believe what it does to the human spirit to maximize your human potential and stretch yourself to the limit.” – Jim Rohn
*******************Hi cmak,
I guess welcome to the forum is a good place to start, i’m sure you will find it very informative!!!
Alas, in answer to your question i personally have no Commercial & Industrial(C&I) property in my portfolio. Nor do i aim to in the near future as wraps are to be my primary focus in 2003 and beyond!. However i’m sure someone will be happy to share their experience with you!!
Why dont i have any C&I in my portfolio….. because i have not chosen to educate myself in that area of property investing at this point in time. I have looked into it, and it certainly interests me, but for the moment i have chosen to study and implement wraps.
One of the nicest things about wrapping is that it allows me to help people buy a home when they may not of been able to otherwise!!
I like that, a win-win for us all!!Regards,
Michael…*******************
“The big challenge is to become all that you have the possibility of becoming. You cannot believe what it does to the human spirit to maximize your human potential and stretch yourself to the limit.” – Jim Rohn
*******************Happy New Year to each and every one who uses this forum…
Wow what a year 2002 was! I look forward to 2003 and the wonderful opportunity it brings, and i hope we all continue to help each other to grow through the synergy of our combined experiences for many a day yet!!!
Thankyou everyone for allowing us all to grow from the experiences, thoughts and research we have all had.
Cheers
Michael…“Read books, listen to tapes, attend seminars – they are decades of wisdom reduced to invaluable hours.” – Mark Victor Hansen
Ditto…
The more you think of your tenants,(demonstrated as cards, etc.) the less you hear from them… even minor repairs seem to magically disappear!!
Our tenant has been in the same unit for 6yrs and has no plans on going anywhere!!
Dont ever forget that EVERY human being on earth loves a little respect and recognition every now and then!!!“Read books, listen to tapes, attend seminars – they are decades of wisdom reduced to invaluable hours.” – Mark Victor Hansen
Hi Dan,
you pose this question:“What do you mean by the banks self insure? does this mean that mortgage insurance is negotiable??”
I might be able to shed some light on the subject, so here goes.
1stly i believe that what is meant by the expression that “banks self insure”, is that they actually assume the risk associated with offering you a loan WITHOUT MI, and hence I believe the answer to whether MI is negotiable is no, however the deal itself is!
let me give you an example:
Early this year i proposed a purchase of two villa units to my mortgage broker of whivh was initially rejected on the basis that i was refused MI. On appealing the decision and negotiating further ANZ decided to offer the following deal:
80% leand on the investment unit
with 95% lend on the unit we were proposing to live in, without MI!!
in this example ANZ chose to self insure the second loan of 95% as there risk assesment of our situation was obviously different to that of the mortgage insurers!!
So whilst the MI ws not negotiable the deal was… always remember that the mortgage insurer is an external party to the negotiation and therefore you can still negotiate terms etc with the lender… if your case is presented in a manner that makes it attractive to lend to you without MI, then you still have negotiating power!
Hope this has helped a little,
Cheers,
Michael…“Read books, listen to tapes, attend seminars – they are decades of wisdom reduced to invaluable hours.” – Mark Victor Hansen
Hi E.O.D.,
It’s your luky day… i just happen to work at Centrelink… so here is some direction in regards to your questions!
1. Rent assistance will go. No ifs buts or maybes.
2. There are two types of family tax benefit (FTB) and although i dont personally deal with this type of benefit i would be quite confident in telling you that neither are subject to asset testing, and as such should not be affect by this person entering into a wrap contract. However, for a clear cut defining decision i would strongly suggest you have your potential wrapee ask centrelink directly and request written info confirming the situation!!
The info i have provided you with is MY interpretation only of the relevant legislation and must be taken as such. (gotta tell you that, company policy!!)
Hope this helps a bit!
cheers,
Michael…“Read books, listen to tapes, attend seminars – they are decades of wisdom reduced to invaluable hours.” – Mark Victor Hansen
Merry Christmas to you Sooshie!!
I’m off to spend xmas with the family and, as always at this time of year, i will try and find some quiet time to sit and read over my goals and re-evaluate them!! Hopefully I’ll get in a spot of trout fishing in the highland region of Tas as well as some quad biking with the brother in law!!
How about yourself… what are you up to??Take care all, and have a safe and happy christmas/new year period!!
Enjoy the break Steve… you’ve more than earnt it!! (and I’m sure that your lovely lady will be more than appreciative to have your sole attention again for a while. I think i’ll be following your lead here… yet again!!!)
Cheers,
Michael…“Read books, listen to tapes, attend seminars – they are decades of wisdom reduced to invaluable hours.” – Mark Victor Hansen
Here, Here!!!!
I totally agree with Gavin.
You all deserve our collective recognition of a job so well done!!!.
A big thanks to everyone who has worked on improving this website.
This site really provides a plethora of options to newbies, and the more seasoned property investors alike.
It is truely an enjoyable site to browse!!!
And again, I must remember to thank everyone who participates on forum…it’s a wonderful experience to read and learn from other peoples thoughts and experiences, especially from those who have stepped out and walked the path before us!
Thankyou to all, and have a very Merry Christmas Everyone!
And last, but certainly not least, thankyou Steve for the christmas card, it was a lovely surprise. Good to see it also supports camp quality!!
Bye for now,Michael…
“Read books, listen to tapes, attend seminars – they are decades of wisdom reduced to invaluable hours.” – Mark Victor Hansen
Wow, everyone is sooo right in what they are saying!!!
And so they always will be, as investing of any form, in any vehicle, is entirely personal. Everybody invests with their own goals in mind which are a direct reflection of their level of comfort. Each and every one of us has our own comfort zones and as such we all choose to either invest within these or, as many of us do, we expand the parameters of our comfort zones.
That said some people r comfortable with funding an investment property with a cap. gains focus, while others look to create cashflow. Why?
Because of our experience, knowledge and environment.
I add environment because quite often our comfort zones r influenced by our immediate environment.
example, i live in Hobart, and therefore a major factor influencing my decision to look for cashflow over capital gains is directly related to the lack of steady capital growth in the investment playground at my front door!!!
So i guess the answer to the question is not straight forward.
Personally i think a combination of both is the property investors highest aim.
eg. We have 2 units we purchased for $73k each(inclusive of closing costs) which currently have a positive cashflow of approx. $20/wk each (although living in one at moment) and in the current market we would be able to sell them within two weeks for about $105k each!!!
to conclude i choose cashflow over capital growth but will never miss an opportunity to cash in on both, hence wrapping fits the bill perfectly as i can lock in whatever cap. gain i can negotiate into the deal AT PURCHASE as well as gaining another stream of positive cashflow!! Love it… and excited as i am well on the way to starting my wrap porfolio!!Cheers
Michael
“”Every day, in every way, I’m getting better and better.” – Emile Coue
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