I thought the TMIC was owned by Allco/Mobius.

Note: Tax Rulings can be recinded if the operator fails to carry out all duties as orginally set out or goes into receivership.

Simon has made a very good point…it is very important to note that you do not buy these as an investment or to make money as such…you buy them to shift a tax problem from one year to another.

As Simon mentioned the tax rulings on them can be revoked (or in some cases where questionable to start with) and then you are in a world of…[Read more]

To be honest they are tax based scheme and the trees have no real valyue for the first 10 years, after that they have marginal value.

Keep in mind for some products offered as much a $6000 from every $10,000 invested goes to the promoters pocket. Also whilst some programs suggest you own the land your trees are planted on the land is worth less…[Read more]

Sos a search for the following ‘gnome loan” or ‘westpac swiss loan scandal”

Has anybody ever seen a book called “The Rich House” written by a person called either Mike or Matthew Robinson ??

A friend of mine mentioned it a few years back but I could never find it in the shops.

Cost of interest on 2nd loan > cost of LMI

2nd mortages are not that common in Aust

LMI is dirt cheap in real terms

I thought the statistic was that Perth had more millionaries in prison or facing charges per capita than any other city….I guess most of them are out on parole now.

Isn’t it funny how when I ask a question that is pretty simple but needs an answer based on fact i get 1 reply (thanks kwilko) but when in other threads people are happy to post endless replys about something they don’t undertsand based on opinions they hold that are incorrect and then get agreesive when somebody tries to point out their…[Read more]

We have a concrete pool with a salt water clorinator and a kreepy krawly…total time /cost per week to maintain is 2/5’s of bugger all.

As for $20k..beware…the cheapest $20k pool I have ever seen ended up costing $30k.

I do know two people who have recently dug up pools at places they have bought mainly because the pool was badly situtaed and…[Read more]

Any investment that returns 2% per day is always going to be kosher…i suggest that you get all your money and all or your relaatvies money and quickly get into the program before its too late.

translation…its a pyramid scam…do you really think there are legitimate investmenst that have returns like that???…if so give me a call… I have a…[Read more]

Looks like CBA are cutting their commission as well….looks like the newsagent model is getting better everyday.

What is everyones view on what will happen as the baby boomers die? IMHO we will see the greatest transfer of wealth in history over the next 20 years as the BBs die and thier kids inherit the wealth.

I know that there will be many properties (deceased estates) for sale as a result but on the other side people like myself will be out there…[Read more]

Now that ANZ has cut the brokerage paid to Mortgage brokers one can only assume the other banks will be having a long hard look at the amount they pay.

As such any business that has a low & fixed cost base that can also do some referrals at the margin will have legs.

Thanks ….maybe that is something that should be clarified for the broader audience in his PDS or Prospectus. I’m also guess that he would need to add something on how the money will be used.

Can you just clarify …..are you looking to “lend to” or “borrow from” these retired people??

regarding Morgate Insurane: The point you need to be careful with is that many banks write sub 80% LVR loans on balance sheet without LMI and then some time later move them across to a Securitisation structure and buy wholsale LMI on a pool of loans.

Net result : even though you are borowing from a lender on what appears to be a non securitised…[Read more]

Forgot to answer your question:
“Seems clear enough to me, do I also detect an element of gloat and condescenion in dealing with ‘foolish’ private vendors. Well, do I? ”

Yes I do, the way I see it is that they had the option of using an agent to protect their interests and choose not to…so they are open slather. If I ‘chose’ to do my own…[Read more]

“IMHO, it could easily be argued that you are in fact conducting commercial trading with, and exploiting these private vendors, who are your consumers of the types of deals where you have formed the opinion (it seems) that they are at quite a disadvantage to you… ”

I bought two bloody houses off two different morons, I lived in both…[Read more]

Ausprop is on the money..you may be able to get a result as good or better if you have a talent for marketing, negotiation and selling. Three things that not many people are skilled at …especially all three together.

The places I bought were as per Ausprops description, the vendor did not belive what the agent had told them and/or thought they…[Read more]