Total Members: 159,074

mixrex

  • mixrex replied to the topic Rabbit Season… No, Duck Season! in the forum General Property 20 years, 11 months ago

    To all concerned about changes in economic factors impacting on the residential property market, fear not.

    We’ll all know when the property markets in trouble by the following TV shows being cancelled.

    1. Burke’s Backyard – been around a long time.
    2. DIY Rescue – like a new job, 1st in – 1st out.
    3. Auction Squad – learning the value of…[Read more]

  • mixrex replied to the topic The Complete Depreciation List in the forum The Treasure Chest 21 years, 8 months ago

    Jumbo & Ziz,

    Appreciate you both letting replying.

    Michael [:P]

  • mixrex replied to the topic foreclosure properties in the forum The Treasure Chest 21 years, 9 months ago

    Thanks Savanna.

    The joys of a mental block.

    Michael [:P]

  • mixrex replied to the topic foreclosure properties in the forum The Treasure Chest 21 years, 9 months ago

    Harryson,

    Anythings possible. It’s just a case of finding the right situation.

    This is an alternate strategy that opens doors for all. It allows the people to stay in ‘their’ own home, mitigating relocation costs & provides a win win outcome.

    There’s also an opportunity to pick up the remainder of their mortgage (can’t immediately recall what…[Read more]

  • mixrex replied to the topic ADDICTION – to this site -a lighter note in the forum No Subject 21 years, 9 months ago

    Hillary,

    Good option. I missed two days & had over 3 pages of threads to go read. Now I have to allocate time each day to read this.

    Congratulations to Steve, et.al. on the success of the site.

    Michael [:P]

  • mixrex replied to the topic educational tools in the forum The Treasure Chest 21 years, 9 months ago

    Shaun,

    I curious to know the big question – WHY?

    1) Why do you want to get involved in wraps?
    2) If it’s just a vehicle for making money, are wraps the most viable mechanism for doing this?
    3) What other options have you considered?
    3) Do you have a plan?
    5) Do you have a strategy?

    Most of the educational material is not cheap & you need to…[Read more]

  • mixrex replied to the topic Public Offers… Don’t Get Caught in the forum No Subject 21 years, 9 months ago

    Insider & Steve,

    Interesting that you mentioned the Kiyosaki & DeRoos websites re money partners. They’re also e-mailing the information, baiting prospective investors, then linking them to their website for further info.

    Ulimately, these may be good deals, but difficult to research (ie, international companies & property) & do the normal due…[Read more]

  • mixrex replied to the topic secret to early retirment thru property in the forum The Treasure Chest 21 years, 9 months ago

    Tails,

    Your uncle was well ahead of his time. In most families of that era (mine included), money was not openly discussed. Good for him & I trust that you’ve learned his lesson well…

    Good to hear also of a quick reality check: I took your uncle 28 years to build his portfolio to where it is today & enable him to retire. There was nothing…[Read more]

  • mixrex replied to the topic Cashing out in the forum The Treasure Chest 21 years, 9 months ago

    Elvis,

    No problemo. Haven’t faced this scenario, so can’t speak from experience. Sure someone else can pick it up from here.

    Michael [:P]

  • mixrex replied to the topic newbie in the forum The Treasure Chest 21 years, 9 months ago

    Susiemac,

    In the Dec/Jan edition of Property Investment mag, there was an interview with the a group called the “Renovation Kings” (also a ACA). One of the examples (& I assume that it’s also one of their specialities) was to subdivide a property. Interestingly, in their experience, when a property is subdivided, rarely does the value of the…[Read more]

  • mixrex replied to the topic just starting in the forum No Subject 21 years, 9 months ago

    Semesteve,

    I’ve wanted to do the same thing for quite some time. However, I understand the lender’s perspective (well illustrated by Elvis above) & know that this is just not viable at the moment.

    However, it’s good to have goals. My aim is to be in a cashflow +ve position THEN do buy / reno / sell’s.

    By my calculation, I can do this – without…[Read more]

  • mixrex replied to the topic Bank Valuations, who pays? in the forum No Subject 21 years, 9 months ago

    Adofunk,

    Enquire with the lender if they will reduce the application fees if you have already had the property independently valued.

    That way you get the entire report, all the information & no hassles (+ it’s deductable) even if you don’t go ahead with the investment.

    Michael [:P]

  • mixrex replied to the topic Cashing out in the forum The Treasure Chest 21 years, 9 months ago

    Elvis,

    Someone will correct me on this I’m sure, but are you referring to the ‘gift’ part as a way of offsetting capital gains?

    Otherwise, its pretty simple. You own the property until the last payment is made. Given that when wrap commenced, there was an agreed sale price all that needs to be done is to deduct any principle made by the…[Read more]

  • mixrex replied to the topic “Guaranteed return” on serviced apartments? in the forum No Subject 21 years, 9 months ago

    Hi Keith,

    Just thought to relate an interesting scenario to this – especially regarding rental return. Not sure where you’re located, but I’ll use Melbourne as a good example of what guaranteed rentals means.

    Early one evening take a drive past the recently completed app’t developments on the Yarra / Docklands district. Remembering that most…[Read more]

  • mixrex replied to the topic Home Loan Analyser Software – Delux Editon in the forum The Treasure Chest 21 years, 9 months ago

    Dianne,

    I purchased a copy from a company online in Melbourne.

    Check out: http://www.uniwin.com.au/products/hlaDeluxe/

    The program’s $49.95 & shipping was around the $12 mark. Arrived within 2 days (& I don’t work for them, just found there service to be good & priced well)[:D].

    Regards,

    Michael [:P]

  • mixrex replied to the topic Just Wondering in the forum The Treasure Chest 21 years, 9 months ago

    Steve,

    Having read thru this & most of the forum related info, I’ve notice that belladonna has exposed a real hole, to which you’ve replied & that is that we need to have clearly defined goals.

    In the wrap pack, you state that Dave Bradley & yourself have your goal framed on the office wall & use this as an evaluation tool (“Is doing this deal…[Read more]

  • mixrex replied to the topic Fast Track in MP3 format? in the forum Hotch Potch 21 years, 9 months ago

    Steve,

    Any advancement on this. I personally HATE tape – so much so that I don’t have a tape recorder in my house [:(]. The only way that I can listen to these is out in the shed, or as I’ve done in the past, reformat to .wav & burn back up discs.

    How viable is a userpays download facility (in MP3 format similar to other parts of this…[Read more]

  • mixrex replied to the topic Building inspection not so hot in the forum The Treasure Chest 21 years, 10 months ago

    Wes,

    Are there +ve’s also? You seem to be in the -ve?

    It’s difficult to guage whether this a GREAT deal, or just a good deal when comparing it to other properties around the area. It’s the old adage of ‘worst house in the best street’…

    While there some minor structure problems requiring a bit of work, most are fairly cosmetic – eg, removal of…[Read more]

  • mixrex replied to the topic AMERICAN?? in the forum The Treasure Chest 21 years, 10 months ago

    This is something particular to the US only.

    A 1031 Exchange is where the seller agrees roll the Capital Gains from a sold property directly into a new investment property of greater value.

    This defers having to pay tax on the Gain, means that the invester has greater leverage & can watch investments compound very rapidly.

    This is just one…[Read more]

  • mixrex replied to the topic A Taxing Issue in the forum The Treasure Chest 21 years, 11 months ago

    AD & Ziz,

    Thanx for your feedback & assistance. I think that the instalment contract tax thing has been answered.

    Short of drawing up a network of companies to offset the tax, are there any deductables directly related to the wrap?

    Your thoughts???

    Michael [:P]

  • Load More

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