Hi Luke,

Your motives for saying what you have said are certainly well intentioned and to be applauded. There is however, a difference between amassing wealth and being rich. The latter refers to a state rather than simply accumulation of assets/money. It is considered by many as a state of mind, happiness/contentedness etc that comes with having…[Read more]

Hi DrX,

I understand the reasons people act the way they do when the subject of money comes up. Usually those appearing to do well are labelled materialistic. However, when you delve into their perception of materialism it appears to be anyone who has more than they do, and so it is a relative term.

I wonder why you shy away from the truth. Why…[Read more]

Hi Trajik,

There are many factors that will influence the tax benefits if any and as such may be unpredictable or unforseen. e.g. losing one’s taxable income (job), or reduction in income etc.

In Steve’s templates the sums are done prior to tax considerations, and for me if I am evaluating a property I would like it to be CF+ before tax. Then,…[Read more]

Hi Zyleth,

Steve has a number of templates that can be used to do the sums. The templates are available on this site. In addition there is Investment Detective software that does a similar thing.

Good luck

pr

Hi Brijo,

Not doing anything with the money at the moment might be called masterful inactivity [biggrin] rather than just not doing anything. At the moment there are many who are saying that cash is king.

Are you looking primarily for cashflow positive investment or for capital gain?

Your money is working well for you in your UK property…[Read more]

Hi Tim,

It’s great that you’re looking to learn and accessing some of the resources that are going to help you. With regards your comment about finding cashflow positive investments it is not that straight-forward.

When you read into Steve’s books a little more and look around this forum you will discover that these days it’s extremely rare to…[Read more]

Hi Angel,

Like Geoff I found “You Inc” a good book and Junker’s advice is very sound. Knowing where you want to go, seeing yourself there and having a plan are critical. Above all, find yourself a mentor who is successful in the way that you would like to be and learn from her/him. In fact it may open doors to other businesses as it did for me,…[Read more]

Hi Rob,

Thanks for clarifying my confusion. I obviously misunderstood your comment earlier where you stated that not all low doc loans are higher.

Cheers

pr

Hi Rob,

I can see how a low doc loan at one institution may be “cheaper” than a standard loan at another institution but please correct me if I’m wrong, how can a low doc loan be cheaper than a standard loan at any given institution?

Cheers

pr

Hi Ally,

Dazzling is right on the ball here. If it is at all possible to have all your loans with the one institution then this demonstrates loyalty and this then allows leverage. The ability to leverage is very important in business.

Low doc loans bear a higher interest and if your loans are geared positive (just) then will they remain…[Read more]

Hi Carlin,

The only way you know that due diligence has been done to your satisfaction is if you have done it yourself. If you don’t know the other investor how do you know what he has done? Are you prepared to simply accept the vendor’s statement, which even if accurate, may not reflect the other investor’s success etc.?

There may be short cuts…[Read more]

Hi Damo,

Congratulations on having a dream and being prepared to step outside the negativity of those that don’t understand. However, as you are probably aware, to be successful in addition to a dream you need to have a system that you can apply to an activity which will ultimately free your time through developing a residual income.

However, it…[Read more]

Hi Colbert

Are you asking if all seminars are scams or more specifically that all 2-3 day seminars might be? Or just those that cost over a certain amount?

If one looks at this realistically it is obvious that seminars are just another form of business, and the purpose of a business is to make a profit. And there is nothing wrong with that. The…[Read more]

Hi getting

How did you work out your rental returns? Either the numbers are so small or there may be an error in your calculations.

Regards,

pr

Hi

We are very fortunate to be able to access a site where we can gain wisdom through others’ experiences. From my own perspective both as a student in a similar position to yours in the past and now in professional life I can’t emphasise enough that you must have a plan with written goals, and I fully concur with Chewy – have fun at uni and…[Read more]

Hi Lily,

There was an article in the Australian Financial Review about a month ago that showed what was happening to the housing market in the various states. From memory, there were only 2 states demonstrating continued growth and they were WA and I can’t remember now whether it was Tas or NT, all others had flattened or dropped.

In more…[Read more]

Hi Brad,

Congratulations for starting so young and for having the courage to look outside the “normal”. The risks may be higher but you are young and the best way to learn is to DO, even if you make mistakes first, just like most of us do when we are starting. Your father hopefully is fully aware of the risks and supports you on that…[Read more]

Hi easymoney,

I am relatively new to residential property, having invested mostly in commercial, but am interested in the US. I have recently started looking in the US and need to do some more research.

With several people involved and brainstorming there might be some advantage. It is possible that I may be able to go to the US in August…[Read more]

Hi Nehal

I applaud you for your interest at such an early age and for your courage to ask questions. The difficulty you face is that in response to your questions you may get differing views depending on the clarity of your questions, and the opinions and experience of people in the forum. So how do you then make a decision?

It is better to…[Read more]

Hi Stewart

I have been looking in SA over some months and am going to the PPPW in Melbourne in June. Be happy to catch up with you.

Cheers

pr