The Coming Category 5 Financial Hurricane.

The tragic scenes of abject poverty in New Orleans revealed on
national TV by Katrina’s destruction were real eye-openers for
many. These scenes prompted two emotional reactions. One side
claims Katrina proved there was not enough government welfare, and
its distribution was based on race. The other…[Read more]

Published September 19, 2005
Collapse of US fund exposes global debt scam
Bayou seen caught in fraudsters’ trap while trying to recoup losses.

By NEIL BEHRMANN
IN LONDON

COURT records of the US$440 million collapse of Bayou, the
Connecticut US based hedge fund, have disclosed an international
scam involving high yield debt.

In delving into the…[Read more]

Originally posted by Jen1:
Couldn’t sleep after having to settle my 12 month son at 4am ’cause I couldn’t stop thinking about property! I have been reading Steve’s 2nd book (just stayed up and finished it) and am now back searching the net for ‘problems’.
Been there done that..drove to an area “full of beans’ after working a nightshift of 12hrs…[Read more]

hmmm.. That must be why I was given the “tip” to insure your IP as “soon” as the O&A has been accepted..just in case anything happens to the property ‘prior’ to settlement?

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

AIR CARS RULE

Check out the new wave of cars soon coming into production..drive into the petrol station, past the bowsers, get the compressed air hose..and you’re away..

hey, maybe rather than a small jerry can in the boot you can carry a bicyle pump if you run out??

“Money is a currency, like electricity and it requires momentum to make it…[Read more]

It’s median rent..which maybe indicative of apartments dropping their rents to attract tenants or some such thing?

I’d think there would be a huge difference in the various markets in these places, affected by vacancy rates etc etc in the different suburbs and types of IP’s..

Over here in WA rents are rising..

“Money is a currency, like…[Read more]

Hi Noddies..

have you had a look at Ed BURTONS information and the penniless bum scenario’s?

he seems pretty confident his structures for Asset Protection are A+ and haven’t been broken?

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Q for the brokers here..

Cant you also use some of the equity you draw out to fund the repayments for a period as well as dividends or investment income..meanwhile the CG is still growing on the property and the new investment?

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With…[Read more]

Originally posted by LukeNeale:
Dianne,
I did the exact thing you’re talking about. MOst Accountants can do this for you and explain all the benefits
Luke

There are numerous types of trusts and ‘most’ accountants IMHO don’t have a clue !

You need to ensure you speak to one who is well versed in the different types of trusts, better yet, g…[Read more]

I’ve heard that you probably wont get much joy from the ombudsman in any case…but I believe it costs the banks to defend the action..?

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

We’ve used EXCEL in the past to keep track of things..

and this year we’re using a program designed by an accountant at http://www.excelaustralia.com.au

i also like the REVIQ Software for projections etc.. at the end of the day, the cheapest way is to make up your own excel file in a format user friendly to you..

REDWING

“Money is a currency, like…[Read more]

We will be installing one on our next IP as it also gives the property more “Street Appeal” this IP is in a great area though, Dr on one side, Architect on the other..I consider it a bit too expensive for some of the other IP’s though..

IMHO it has to suit the area..no use putting one on a shack out back of…[Read more]

What kind of tenant base do you have there though..a nice holiday spot does not always a good investment make..

what are the population figures and vacancy rates at different times of the year for the area..??

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online…[Read more]

We have Alarm Systems in our IP’s as well..helps in attracting and securing (no pun intended)tenants, all our IP’s now have single females in them..two of them have children, safety is always a concern when looking for a rental property IMHO..

We also have hard wired smoke detectors, triple lock Security Screen doors and stickers regarding the…[Read more]

Sorry to answer with a question but what would be the time frame between signing the contract and settlement 4-8 weeks?

Do you actually own the property before settlement?

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

[sweaty][sweaty]
Now bank C are making us sweat, it appears there was a problem at their end (according to their solicitors)with the way the documents were written and new ones have to be sent to us..

They should get here..you guessed it..settlement day..

Just found out..

I’ll be glad when it’s all over..
[dunny]
REDWING

“Money is a…[Read more]

Originally posted by Cata:
All I can say is to do your own “Due Diligence” and decide for yourself whether it is right for you. I have had no bad reports about myself and would like some feedback, good or bad.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

My feedback in my discussions and PM’s with you Cata has ‘all’ been…[Read more]

Originally posted by as41:
I have tried to find answers to two questions I have on the forum posts but I am still in need of more detailed clarification:Can you help me please?

Q1: IP-tenants leaving end of year. We want to put in new kitchen and bathroom and a car port. SHould we take this opportunity to do this when IP is empty?

IMO Yes, when…[Read more]

Like this to increase his posts many moons ago..

Must’ve worked he’s still near the top of the Members list!

Plus, I just boosted my ranking[biggrin][biggrin]

Red is is for the 4 star Moderating Generals, what is Steve..GOLD ?

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This…[Read more]

Chan posting..

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator