Forum Replies Created
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 Investments
http://www.pelican-invest.comSe7en,
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 the fact that she :
1. Constantly made personal attacks on people’s character.
2. Offered 0% constructive criticism
3. Avoided presenting ANY facts to support her so called proof of issues…. it was all opinion…
4. Generally offended many people.We may not like everyone here, but it does not mean we should stop debating in a civilised manner.
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 estate !!
Scott
Pelican Investments
http://www.pelican-invest.comThanks 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.comPisces,
I only bought one book….. Maybe I better send it back to the bookshop and ask them where my magic pill is ??
Scott
Pisces,
I think I must have lost my magic pill…. [lmao]
Cheers
Scott
Martin,
Sorry to say this, but I think you better read the book again….
Nowhere is there any reference to this being EASY…..
People believe what they want to hear….. why do you think it’s so easy for so many gurus to sucker the greedy/hopeful/ignorant into paying thousands of $$$ for a get rich quick scheme….
It’s because as a whole people have become lazy, expecting everything to be handed to them on a plate……
Many of us here, have worked damn hard, and are controlling millions of dollars worth of property. BUT you don’t hear us shouting “I’m a millionaire”
It’s not necessarily about the money…. Do you know what my goal out of all this is ? This is gonna make you laugh…… It’s not the $$$, but the ability to be around all the time with my 4 kids, taking them to school, going for holidays…. and being able to run a business at times that suit me….
QUALITY, not quantity…. If you are Rich and you die, you’re dead….. you can’t take it with you……
Kay,
No probs !! Just trying to put things into perspective for folks here…. [cap]
It would be a pretty boring world if we all agreed on everything, so it’s good we have debates. Just as you and I no doubt will disagree on certain issues !!!
BUT, the thing I’m really dissapointed to see many times on PI, are the people who :
1) Want to cut people down to size out of jealousy
2) Are so set in their ways they refuse to accept other opinions.
3) Tar people in one industry as all the same….[jealous]
4) Get personal, making uncalled for jibes, or questioning someones character.CONSTRUCTIVE criticism, I’m ALL FOR…. it’s the destructive people here that Pizz me off……
I know the moderators here have a tough life of it, but they really have to start looking at some people, and their posts here…. If not, people will go elsewhere… simple as that….
Enuff ranting from me….
Again – EVERYONE – Chill out…. get a grip…
BE CONSTRUCTIVE
Scott
Pelican Investments
http://www.pelican-invest.comI’ve read through some of the postings here (not all) but would like to add my half a cent……
The issue here is :
1) perception – and how the media changes it to gain ratings….
2) for people watching – maybe the message should not be $1 Million… It should be about getting on the path to freedom…..
Pelican controls over $2mill of property at this time, but I never consider myself a millionaire…..
People will make up their own definition, but folks, in the words of one of my many Mentors, ALI G…. .KEEP IT REAL !!!!!
Kay, I see that people are taking shots at you, and it’s definitely uncalled for, but at the same time, everyone here needs to take a chill pill……… I found some of your comments as well to be a bit harsh……
We need to keep this place ( all forums ) supportive…. keep the negativity reduced, and try to be more constructive…… People should not be blamed for failures, or told to piss off when asking for help… This is not right…..
Peace everyone… Chill Out.. Calm Down……
Scott
Guys, I think you are getting off track here….[offtopic]………….
The main point on this thread is about the so called end of the NSW property investing market……
Whilst I respect Steve’s thoughts on this, I disagree with him…..
If you look at the teachings of so many of the “gurus” out there…… We should all be sitting back, and start to wait for the opportunities to float to the top…….
It’s in times like this that the “men are seperated from the boys”
I found Dallas story to be very good….. I didn’t see the point Pisces in your having a go at him. He was simply reciting a story told by a parent….. You harped on about Jews… SHEESH…. [jerry]
There are people out there in times like this, who shout DOOM / GLOOM….. There are others out there who shout OPPORTUNITY !!!!!
Cheers
Scott
George do you know of any other such sites ?
I checked at my office and they’ve blocked the site you mentioned……
at least I can keep going direct, but am getting ready for the inevitable….
Thanks
Scott
Geo,
A great joke…. I forwarded it to my colleague next to me, who happens to be India….
A great laugh…..
KEEP EM COMING [biggrin]
Cheers
ScottJobee,
Normally what happens is the wrapper takes out insurance, and then charges the wrappee for it…..
Scott
Pelican Investments
http://www.pelican-invest.comGordon,
No probs !!!
I think you can see where we are aiming for anyway…..
the ol “win-win” as oft quoted around here…..
Cheers
Scott
I must say, I’m surprised at Steve and everyone else yelling Doom and Gloom from the rooftops…
People will always need a place to live, so, there will always be demand……
It seems there’s a herd mentality here,[baaa] and, I think to myself… Hmmmmmm opportunities !!!!! [cap]
I may be wrong, but I tend to look at this as a hiccup..( a large one ) and once the dust settles, people will work around this in varied ways…..
I feel demand will always be there for certain places in NSW…. If rents go up, then fine… we may see more +CF properties surfacing to the top……. and they’d be long term holds….
my 2 cents worth…
Cheers
Scott
Gordon,
You’ve misquoted, and, misunderstood my posting me thinks !! [blink]
Originally posted by Pelicaninvestments:There are two areas which do need addressing with wraps, and, the VFA is actually working on these with the Gov’t as we speak.
1. Title of property – For now, all that can be done is a Caveat, which we recommend our customers do….
2. Protection againts wrap company going bust. – Obviously wrap companies don’t want this to happen. Several people have made good suggestions on this, and, sooner or later there will be a good solution to this…
What I’m saying is, the VFA is working with Government departments, such as office of fair trading, to ensure “concerns” are “addressed”
I’m not saying what you have inferred….
The title SHOULD stay with the wrapper as a form of security, BUT we MUST have a way of protecting the wrappee in this situation.
It’s about doing this properly, and, ensuring everyone is safe guarded.
Cheers
Scott
Pelican Investments
http://www.pelican-invest.comDonny,
A very interesting theory…. Banks in Asia will do it, but as soon as there is a currency movement, you have the potential for a margin call…. i.e. making sure % wise you have enough equity in the deal…..
Risky stuff, but you can do it with Forward cover contracts…. the issue is the cost of the contracts aren’t cheap…..
Have yet to do the somes…….. as I think it’s a little too risky / costly.
I’m actively looking for A$ finance in Asia, offering 6-7%, as most banks are offering .5% – 3.8% on term deposits….
Cheers
Scott
Pelican Investments
http://www.pelican-invest.com
