Forum Replies Created
Hi Wayne
Just did a google search on Prechter, and yes it’s a bit scary… he makes some good points re: levels of debt that people have. When was it written though? I think it was 2002, but you might be able to correct me…
cheers
rMattP
As a member of the media, may I point out that just because a piece of writing is placed on a website, doesn’t mean it was written by a journalist. If it’s on Neil Jenman’s site, it’s always going to be slanted, not balanced. Not all in the media are bad eggs, although some admittedly are.
Cheers
rFYI
This is a property INVESTING website, so why are you surprised there’s talk of money here?
r
This thread is going nowhere fast, if Steve wants to unlock, I’m sure he will.
Cheers
rso Steve provides you with this website to learn from, and you don’t want to cough up to buy something that’ll help you… calling yourself stingy is selling yourself way short.
Hi DOINIT,
You expressed your opinion, others expressed theirs. Isn’t that the point of a discussion board?
cheers
rNo I’m a long suffering Tigers supporter in Vic
I’m not an accountant, but I reckon it would be all clear 100% on the first one, but not on the second and third ones if you’ve rented them out… the ATO would work out some sort of percentage payable depending on how long you had tenants in there (for the 2nd and 3rd one)
I do know you can only have one place as your PPOR at a time… if you live in it from settlement (or completion) and then move out, making it an IP, then it is CGT free for 6 years… as long as you don’t have another PPOR in that period… talk to an accountant who knows property (cos many don’t)
cheers
ractually, why do so many here seem to think that Steve should offer his knowledge as some sort of charity? If he can make a quid out of it, good on him… I’m sure if many of us were in his shoes, we’d do exactly the same.
cheers
rum, weren’t a lot of Henry Kaye’s charges more around the 5 figure mark? I haven’t seen Steve charge anything like that… I think $1200 is quite reasonable. Besides, if people are willing to pay money to go, I think Steve and Dave can charge what they like… isn’t it all about supply and demand? Some are willing to pay $1200, some aren’t… but if all the seats are booked, doesn’t that mean that the price is okay? Bit harsh to compare with HK, in my opinion…
cheers
rI fixed 5 yrs at 5.99 with Bank of Melb in May last year
Hi all,
I was waiting for Bill to give his reply before calling a close to this thread. Thanks Bill. I think we should all finish up with this issue, because all sides have had their say.
For what it’s worth, Bill, I just wanted to see your explanation of things… it’s clear you do have an excellent knowledge of the real estate market, but my antenna did “prick” when the solicitation issue arose. Thanks for filling in the gaps.
I still think people should be sceptical of anything they read on a forum and that they should try and find as much information as they can. If they meet people face to face, it’s usually easier to get a better handle on who you’re dealing with. I haven’t met any people here face to face except for AD and Steve, so I don’t too much that’s said as gospel. I read it, do some more research and learning, then make my own judgement.
Cheers
rHi Bill
I’m young (29), and never claim to be expert at anything, but I’m certainly not a novice, even though I enjoy learning new things.
I’m not in denial of 40/60% returns… I took an educated punt a couple of years ago and more than doubled 30k into 75k in the Asian markets, took my cue and left the building just before it all went to s__t again… Through various decisions I’ve made, I’ll be paying off my 400k house in full before I’m 30, while I still have a number of IPs in various places… I’m sure others have done a lot better, but then again, I’ve done a lot better than the “average” man on the street, so I’m happy enough.
I don’t know you, Westan or mini from a bar of soap apart from what I read on the boards, so I don’t have any vested interest in keeping any of you happy.
I’ve seen one copy of an email where you requested a large sum of money (over 150k from memory) from a forumite, promising to deliver 40-60% returns.
I’ve seen another copy of an email where you denied to your legions of fans that you were soliciting any kinds of deals with anyone.
I’m not judging you, but if you feel like explaining how the two emails don’t quite “gel” it’d be great.
On the one hand, in so many of your post, you are portraying yourself as the saviour of the newbies… on the other, you’re telling these newbies to trust you with enormous amounts of money… how many other people did you try and solicit money from? How many went through with it? And have you delivered the returns you promised?
I remember you said something along the lines of you can always trust someone who’s played cricket for their country, fought for their country and something else… I can’t quite remember… to me it felt like you played the Vietnam vet card a bit too much when you were last here… I’ve got relatives who’ve fought in WW2 and Vietnam, and they don’t go on about it like you used to… by the way that doesn’t mean I don’t respect people who’ve put their lives on the line for the nation. But to suggest blind faith or blind trust should be put in anyone is ridiculous… and the thing is, there are people here who’ll believe ANYTHING they’re told about real estate, options, shares, whatever, which is what I worry about.
You know I work for channel 9, as a journo and producer, we’re taught to be sceptical about the claims anyone makes… until they present their side of their story to be judged.
I’m not interested in options or anything like that, I just want to be in position where I can choose not to work by the time I’m 39… but please Bill, don’t address the entire forum as though we’re imbeciles… we’re not all running around buying dumps, we’re not all buying at 100% LVRs, I just think you should give a little more respect to the collective intelligence… it’s not MENSA, but it’s not pre-school either.
Cheers
rI think this thread has run its course
Jan Somers – More Wealth from Residential Property.
I’m told they were scouting Rockhampton for a place on the Fitzroy River…
who was your mum kay?
actually, why don’t you say, come up with an area, and then come back with some questions about that area? There’s been stacks of areas mentioned if you could be bothered going back through old posts…
cheers
rFat Tony, why should they? Of your 5 posts to this point, a few have been in relation to people telling you where to invest. I suppose if someone tells you where to invest, your next questions will be “what’s the vacancy rate” “what type of property should I buy?” etc etc… seek and ye shall find… do the hard yards yourself, and you’ll be much better off. There’s a ton of information on these boards and http://www.somersoft.com.au spend some more time reading.
cheers
rif you find a deal where the numbers stack up and you keep your sleep at night factor after doing all necessary research etc… why wouldn’t you go for it? Just because someone, or the media, says property isn’t a good idea right now? Is the glass half full or half empty? it’s obviously harder now, but far from impossible. Just be careful, learn as much as you can and take the step when you’re ready…
cheers
r
