OK thanks Steve.

I am thinking of starting a new thread for ths actually.

Would love for you to join the debate.

I have nearly finished answering one of the questions “Is positive cashflow really for everybody?” on this thread:
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=4437

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Hi,

This worries me a little, when I read people like Josh write:

quote: i have spent hours on end at well MAJOR property listing sites and found that none meet the 11 second calculation, however this is just making me more eager to find even one property.I am stabbing at every country town to see if i strike

Please note:

Steve has never…[Read more]

Macdee
******

quote: I say, I say,
Is losing your job the sdame as retiring, cos I’m almost there and need to know?
Cheers

Well it depends (however for most people the simple answer is YES).
It all depends on your “predicted” taxable income. You may have other investements that you may sell every year and therefore (hopefully) have good cap…[Read more]

Good point xyz,

The “positive cashflow – negative gearing” only works *if* you have a good income AND not too much time.

And the risk is that you may loose your job …

The economy is actually very strong right now and is predicted to continue. Unemployment hasn’t been so low for a long time. But then again you never know…
The thing is, if…[Read more]

I suspect it has more to do with the school holidays than anything else!

(I think we have quite a number of parents here.)

Cheers,

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Hey, why are so many people on the defensive lately?

I was just asking! … Politely I might add.

I said:

quote: I am giving you the benefit of the doubt, but an answer will help clear up things?

OK you have cleared things up! and I feel all the better for it. (yes really!)

Your software seems interesting. What does it actually do?

You…[Read more]

Here is a quick example on why negative gearing is soemtimes VERY good, depending on the persons situation.

This technic can only be used on newer type properties where depreciation is applicable.

The person that would be interested in this would earn more than $75,000 p.a. and doesn’t want to have more than 4 or 5 IPs. (However keep to the 3…[Read more]

Hi Bill,

In one of your posts you wrote:

quote: You and a few others considered that I was teaching the experienced few, here, to “suck eggs” or that I have an ulterior motive.

And I have often read your posts where you say that you want to help people because you are a really nice guy.

I suscribed to your emailing list and it didn’t take too…[Read more]

Hi Crahsy,

Was just wondering whether they were *famous*. That’s all. So you would say that these are just ordinary people then?

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Even though the initial example is ridiculous. (Can’t beleive people would do that! They should have bought another property!)

Negative gearing DOES have a VERY good reason to exist.

Depending on your income (and the type of property) negative gearing CAN(!!!) save you money.

Whether it is sustainable way of investing is another (completely)…[Read more]

Hi Mini,

Thanks for giving it a go. I will reply to some points and make some other statements. I may have to make a second post later…

First I would say that I read the Today Tonight Q&A between Steve and TT. (http://todaytonight.com.au/factfiles/646144.html) and this reassured me, and helped understand where Steve is coming from. It is…[Read more]

Interesting.

Is this a consistent 40% per annum? And how do they do it (Options, futures, shares etc…)

Crashy, would you care to name who these people are (who average 100% p.a.). Are they Australians or Americans?

Also when you say they play around with 150K. Is that in total?

100% of 150K would be plenty for me with some still to spare!

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OK here is an answer!

Let me summarise.
– You have 2 kids
– You earn 30,00K p.a.
– You are reteried

Let’s see:
– Looks like a good pention to me! (or is it a wage??)

– Do you have equity in your own home? (What is your house worth and is there any mortgage on it. If yes, how much?)

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Navigator? Ouch!

Wouldn’t suprise me if your financial adviser advised you to put your money there.

Don’t! You will loose so much money in fees.

The best advice I could give you now is to educate yourself. (and yes it takes time but will be worth it in the long run.)

If you are going to go into property remember the 3 most important rules:
1)…[Read more]

Hi Wilandel,

Well said!

However when you say

quote:make a real effort to only post about things that will REALLY benefit someone

Can warning people and telling them to be cautious, be benefitial? I think so, but what do you think?

If you are about to buy a newish property and I tell you to check for termites and you tell me: “Oh don’t be…[Read more]

First I would like to thank Steve for re-opening this thread.

I can understand where Pinky was coming from (even though her second post was disappointing.)

I have been reading this forum from when it was first started less than 2 years ago. There where good times and bad times but generally speaking I have enjoyed coming here and reading the…[Read more]

xyzzy,

You have heaps of experience. So please put this to rest. Is it possible to make over 40% p.a. CONSISTENLTY and PREDICTABLY?

OK you have been doing this for 25 years so it must be working for you, but is 40% realistic or is it more like 5% to 15% and some years 40%???

Cheers,

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Hi everyone,

Actually I am glad Matt brought this up because I have been wondering about the same….

I have nothing against Crashy. Infact I find him very helpful… but I couldn’t quite reconcile his website with what he had written on this forum a few months ago.

I think the key is in the words “Stop Working” which is VERY different from…[Read more]

Thanks for your replies Crashy.

So are the TLS shares only worth it because of the buyback or is it a good investment in and of itself?

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Hi Crashy,

What do you mean by.

quote: You might save yourself $180k in tax but in the meantime you could miss $250k in easy income

Do you mind expanding on this a little.

Thanks

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