You also need to factor in their finders fees in some cases, which turn them back into Negative geared for 1-2 years !! depending on the fee !!!

Afloat, did they have a website at all ?? Am interested in seeing what they had, but am based in Asia…..[blush2]

Cheers

Scott

Steve,

We bought another copy last week…. ( HEY !!! I still couldn’t find any magic pill… hehehe…. maybe they are only in the full priced versions….. )

We are actually giving it to the person on our “team” who is a banker……. After seeing what we do, his eyes lit up….. and now they lend us $$$$

I’m now listening to your…[Read more]

Well, not that I know of anyway !!! eh ?? oh… OOPS !!!!

heehehehehehehehehe…………….

I mean, not that anyone does that here at all… [cap]….

Mate,

could be worse… could be posting just to get your numbers up ???

Scott

Pelican Investments
http://www.pelican-invest.com

Fish,

Thanks….

Well, I guess let me ask everyone out there, what is the big difference between a bank and a wrapper ???

1. In both cases if you don’t make payments, you are likely to lose your home, NO MATTER who’s name is on the title……

2. If you are in difficulty, a wrapper ( usually ) will work with you to come to an agreeable…[Read more]

Geo,

Good one….. Keep em coming !!!

Thanks

Scott

Swampy,

Pisces will tell you… If you heard it in the media it simply MUST be true….. right Pisces [lmao]

The VFA is working WITH the state governments with the aim to educate, and, to begin regulating wrapping….

Vendor Financing & Wrapping are a good thing, when done properly…

Unfortunately, there seem to be some greedy idiots out…[Read more]

Se7en,

It’s jibes like that, that get you into trouble…

I will miss Bec…. not as much as you, but I will…..

As I said, if only she had taken heed of the PUBLIC warnings given…….

LET’S MOVE ON EVERYONE….. What’s done is done… sad to say… but that’s it….

Se7en,

Bec only has herself to blame here..

She was warned on numerous occassions to tone it down, and she ignored that……

There is contributing and there is contributing….. a MAJORITY of Bec’s posts were not constructive at all….. and that is what was asked of her…..

NOT a crushing of her will, but a request to be more balanced in…[Read more]

They may or may not have been well thought out, but there were seldom FACTS to support the issue…

MANY, comments were personal attacks or jibes……..

We are where we are….. now let’s get on with real estate…… It’s Steve’s Board, and, his right to do as he pleases… no one forces us to visit here……

Scott

Pelican…[Read more]

Lozza,

Interest only is NOT ILLEGAL…

BUT, you should always ensure from a Consumer Credit Code side, that your outstanding ballance is not more than the wrappee’s loan…….

Cheers

Scott

Pelican Investments
http://www.pelican-invest.com

It’s an issue of :

1) lack of communication by Banks & your solicitor
2) Banks still acting like a civil service ( no offence to any civil servants out there )

Big, inflexible monoliths…..

One of these decades, maybe they’ll learn about true customer service…. sad thing will be, no more customers left…… [biggrin]

Scott

Pelican…[Read more]

Se7en,

Simply put if you don’t like the decision, it’s too bad.

YOU yourself have made defamatory attacks against people, so, you should be on notice as well….

THIS ISSUE is NOT about different opinions. As much as Bec cheesed me off, and PERSONALLY ATTACKED me, I STILL RESPECTED her right to differing views.

That still, DOES NOT EXCUSE…[Read more]

FINALLY !!!!

Thank goodness common sense prevails.

I AM ALL FOR different opinions, but when all a person does is post personal attacks and 100% negativity… what is the point ???

My hat off to you Steve… now maybe we can get back to arguing about issues in a more civilised and CONSTRUCTIVE MANNER !!! [biggrin]

Let’s get back to real…[Read more]

Thanks everyone.

Talked to my accountant yesterday and he clarified my confusion !!

Lucifer – yes, we are doing it thru a trust. but wanted to make sure, as we have several properties we can sell quickly for a profit. ( we bought them with flip / reno in mind…. )

Cheers

Scott

Tink, Well put….. no such thing in life as a free lunch…

Keep at it…. I applaud you for starting so early !!!

Cheers

Scott

Plasma screens are now selling for about $5k in Singapore….. everyone is buying them on Credit card, monthly installments…..

Nice toys, but, hmmmmm.. not yet….

Scott

Lozza,

not sure if you’d like to, but please email me, and we can discuss your deal….

470/week seems to be your biggest problem….

Cheers

Scott

Pelican Investments
http://www.pelican-invest.com

Pisces,

I only bought one book….. Maybe I better send it back to the bookshop and ask them where my magic pill is ??

Scott