Hello,

We’re tyring hard – very hard – to deliver everything that was promised in the program, and more.

There have been frustrations and disappointments, and the program is not perfect, nor is it the right opportunity for everyone.

I accept full responsibilty for the things that have not gone to plan, and that have gone down right wrong. For…[Read more]

Hi,

Here is an email that I received from Mark. I have his permission to post it here.

Bye

– Steve McKnight

Hello Steve,

Whilst I realise that the email below is a group email I thought I’d drop you a quick line.

I am a serving Officer and have personal experience with the Defence Housing Authority (DHA). My wife and I have owned several…[Read more]

Hi,

Here is an email that I received from Mark. I have his permission to post it here.

Bye

– Steve McKnight

Hello Steve,

Whilst I realise that the email below is a group email I thought I’d drop you a quick line.

I am a serving Officer and have personal experience with the Defence Housing Authority (DHA). My wife and I have owned several…[Read more]

Hi,

Terry – send me an email with the booklet you are missing and I will print you off a master and send it to you.

Now – some comments about wraps.

First up, the notion of doing a P&I loan repayment is an indirect necessity in Vic due to the wording of the legistlation. More so though, it is good practice as you are reducing your loan.

One…[Read more]

Hi ToothKnight,

Okay – I’m confused.

Normally, in a lease-option, you have two prime parties:

> You have the investor who buys the property; and

> You have the homeowner who is leasing the property from the investor.

Now, the homeowner may be an investor, but that would be a rare situation. In most cases it is someone who likes this idea for…[Read more]

Hi,

Derek is right, the forum order was switched last night.

It may sometimes take a while to action, but we do listen to the feedback.

Regards,

Steve McKnight

**********
Remember that success comes from doing things differently.
**********

Thanks Simon.

Steve McKnight

**********
Remember that success comes from doing things differently.
**********

Hi Terry,

I used to do a lot of HR, and prior to R/E had an interest in incentive programs and the like.

I found that while money motivates, it only does so temporarily. Issues about feeling valued, belonging, recognition, challenging work, even self-esteem were higher long-term priorities.

Naturally, the issue of pay is a major factor.

As…[Read more]

Hey F2S,

Thanks for your post. By definition a mania exists when crazy things are said without any realistic basis.

Manias are a normal part of the investing cycle, but they cannot be sustained.

In recent times, manias haven’t been too hard to find… the internet stock mania, the property mania, those metal scooters… etc.

In particular, I…[Read more]

Hi NellandTony,

Thanks for your post.

I have a couple of points to make…

1. Are you buying the house next door for an investment, or as something you may want to extend on in the future? If it is an investment, then it is a matter of return and maximising your money. If it is a lifestyle decision, then that is different and it comes down to…[Read more]

Hi ToothKnight,

First up, are you looking for money partners, or joint venture partners.

I know of some people who have tried both approaches in a LO situation, and they tell me they would never go down the JV partner road again as it was too complicated.

They felt is was better to offer a set % interest rate, and to make it an attractive…[Read more]

Hi Simon,

Thanks for your input. I hadn’t thought of the resale problems (i.e. you limit your market to only investors – and even on that, those investors may choose another DHA property first), so that is an excellent point.

So, would you recommend this kind of property as an investment?

Also, do you think that DHA manages the property well…[Read more]

Hi Cataldop,

You make some good points. I think you are able to sell the property once the lease expires, the only problem is that the lease may run for 10 years with options to renew.

Your point about limited opportunity to add value is well made.

Perhaps one of the attractive reasons for the REIT though is the potential attractiveness for…[Read more]

G’day GR,

Thanks for your input.

I’m not sure that Westpac would be funding it in the long-term. I would imagine they would in the short term, but once the units were purchased in the REIT, I would have thought the ‘equity’ would have been used to retire some or all of the debt.

It is more of an investing vehicle, and there are obvious cross…[Read more]

Hi Andrew,

The idea behind the 11 Sec Solution is that a 10.4% gross return should be high enough so as to leave you with some net positive cashflow after property expenses have been deducted.

There is no guarantee though, particularly if there is more than 80% borrowing.

As far as the maths goes, it has been well explained in this…[Read more]

Hi,

Just a quick comment about the pursuit of wealth creation… bring it back to what Jesus said, in that you can only serve one master.

If money is your master then you have the wrong focus, as it is an idol. God wants to be #1.

There is nothing wrong with seeking to acquire wealth, indeed, many of those featured in the bible were wealthy -…[Read more]

Hi,

Your feedback is noted, but having gone this far now, there is no turning back!

The look and feel is only a small fraction of what we have done. Many mods have happened behind the scenes, and many more continue to happen on a daily basis.

Still… no doubt it will be back to the drawing board in 12 to 18 months with a new site look and…[Read more]

Hi,

Yes, I have seen it as a friend lent it to me to watch.

For the main part it contained some very interesting ideas, and some alternative ways to view things.

Where I thought it fell over was with the woman who looked liked Zsa Zsa Gabor. In the end credits, her qualifications was that she ran her own elightenment school, or something. Oh,…[Read more]

Great post Mini.

I see that a change in landscape has increased the length of your posts! Must be that excellent view [exhappy].

Shape-O is the complicated investors tool that you mention.

See ya,

Steve McKnight

**********
Remember that success comes from doing things differently.
**********

Hi Brisbane 04,

Thanks for your post.

You raise a good point for discussion, however, I’ll need a little time to provide a thoughtful answer. How about I use your post as the theme for my upcoming newsletter due for release between Xmas and New Year.

Having said that, in quick general terms, Dave and I continue to use all the strategies…[Read more]