Forum Replies Created
I love the shire, spend every spare minute of my time down at eloura and greenhills. And I agree with you that a majority of the crowd would have been peaceful. I also have to say that this wasn’t unexpected. Im sure alot of people down there have been putting up with a lot of crap for a very long time! And this was just the straw that broke the camels back!
Dazzling there was a riot down in cronulla,
The cause, a group of lebanese mean beat up some young live savers on duty. This really got under peoples skin so they organised a sunday BBQ. This large gathering 5000 people turned ugly. Fuelled by alcohol a portion of the group went on a hunting spree through Cronulla looking for people of middle eastern appearance. And beating the crap out of them. Cops where completly overwhelmed.
Understandably there has been an upstanding by the Lebanese. Resulting in a spree of attacks on people and property.
Does’nt take a genious to figure out this is a chain reaction that is unlikely to be stopped. Noting more attacks on the news this morning on innocent Aussie people doing things like putting out the garbage!-Thomas
“More Time To Snowboard”
Well that depends on if your going to throw it up on the forum for everyone to look at?
-Thomas
“More Time To Snowboard”
Hello Andy,
Sounds to me like you have a skill!!!!
Now you need to manage that skill for succesfully making money and reduce the time and effort required on your part to achieve it.
Why not aim to complete multiple reno’s and contract some of the work out?
Aim to do 4 properties a year using someone else’s time. With smaller returns.
Still make 70 K and spend half the time you do now!
Even furhther ahead what if you contracted all work and just signed the checks!!!!-Thomas
“More Time To Snowboard”
If you have been here since 2003 then you would know that your thread will be locked as soon as a moderator finds it!
-Thomas
“More Time To Snowboard”
This thread has a familiar tune Im sure ive seen it before, Thats 24k a year passive income. At age 16. Thats outstanding!
What is it you do to achive 2k a month return?-Thomas
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Dazzling that was cryptic, your starting to sound like gross
Got the big lunch thing at our place, around 20 people I think. Then I hope to head down to the beach for the afternoon.-Thomas
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If the property your looking at costs 500k, why not just put up the 2 g’s for a pty ltd trust? Or is this more for educational sake?
-Thomas
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Cool, you freaked me out for a sec. I purchased a discretionary trust, And named it my family trusts. So everything on the paperwork says family trust. Although this is just its name.
Kinda funny now when I think about it.
-Thomas
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Hello Cata
Whats the difference between a family Trust and a discretionary one?.-Thomas
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Carl as a suggestion, consider the name of your trust and how it will affect vendor. Remembering you could end up being asked for more when the vendors greed gland starts secreting.
-Thomas
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My 2 Cents,
I guess it depends on what your trust is called ie When a signed contract reads ” THE SMITHS FAMILY TRUST” this probably wont raise the vendors eyebrow’s However if it reads “ABC INVESTMENTS PTY LTD AS TRUSTEE FOR THE RICH MANS TRUST” A vendor would be inclined to not sign and hold out for more. With the mind set that there being ripped off by a pro.Ok before anyone points out the obvious “No one has a trust called this”. IF your trusts has even just one of the following words
-investment
-realestate
-property
-pty ltd
etc
Could cause a vendor to panic and assume that there being fleeced. Even if they are getting a fair price.-Thomas
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Yeah gross, Im a little sceptical of this one too. More importantly i dislike the veil of secrecy surrounding it.
Comments like
Our “Property Investors Trust†is the prefect Trust and the only Trust to be used for properties.
Initially concerned me, If it is as good as stated then I want to know why and if it holds any benefits for me. At this stage looks like nobody knows.
Having said that I am happy with my current structure. All im really interested in is to get an understanding of this “Property Trust”
Knowledge is power!-Thomas
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Thanks Red
I saw the other thread after I poasted this one.-Thomas
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Firstly Agents can not buy property from there own agency.
So they must engage other REA’s to purchase.Ive heard this line also…” Its a great house I should buy it myself” My answer, “well why don’t you!!!!”
Oustanding, reckon you can do it again?
Cheers to that!!! Or jump in a car do a lap of AUSSIE!!!
Thanks Foundation, i remember that topic and a lot of interesting info came out of it.Although towards the end it moved away from the cycle theory.
30 to 70 years, Thats a big call. (just jokes) im on the fence on this one.
For arguments sake, Looking for peoples opinion based on cycles of when the graph will hit another substantial peak. Not just a minor fluctuation. I notice Micheal Yardney is an exponent of the cycle theory….
Ive heard different opinions on this also. IMO I think you should evaluate your goals and what it is your trying to acheive. And borrow accordingly.
Me I would repay P&I.
1. It has been explained to me that banks look on this favourably in attempting future finance as your track record shows the debt being reduced.
2. as part of my investing strategy It would have a predetermined outcome. And that is it would eventually pay itself off. Not be left in limbo.Cheers Thomas
Winchester, How are you going with filling those positions?
Cheers Thomas
IS there anything stopping you from walking up to the front door and knocking?
“Hi Im interested in buying your property”
Just a thought….Perhaps owner is trying to value add and doesn’t want propspective buyers to see his mess?
Regards Thomas
