Hi,

There are certainly opportunities in the US market, but with overseas investing attracts significant risks… especially when it comes to financing and managing the deal.

In terms of the $7k houses, they certainly exist, however we have been shyed away from them as did not present as the best investments.

Nevertheless, I am currently…[Read more]

Hi,

I think this topic has reached its logical conclusion. Issues with Neil Jenman should be taken up with him in person rather than posted here.

Regards,

Steve McKnight

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Remember that success comes from doing things differently.
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To clarify,

When making posts on this forum I only ever use one of two member profiles…

1. Steve McKnight, or

2. If I am doing admin work and need to be loggedin as ‘Admin’ when I see a post, I will answer it as Admin.

Comments made in this post were genuine. I don’t need to feel secure about myself by creating false…[Read more]

Hi,

Let’s be sure to differentiate fact from opinion here.

FACT: The website is down.

OPINION: Why it happened

The victims here were those who went ahead with purchases on the basis that they could get the loan. To the extent that representations were made, I’m sure legal advice will be sought.

BTW, moderators of this are, of course, fully…[Read more]

Hi,

I just wanted to say, aside from some of the jibes, this has been a refreshing post for a number of reasons:

1. It actually identifies a trend that there doesn’t seem to be as many people online as once there was. I agree, however…

2. A lot of people sit offline and read, infact for every one person who posts the traffic reports on this…[Read more]

Hi Darren and Kerri,

Thanks for your post.

Questions to ask property managers

I think there are two aspects that you want to find out about:

A. Experience: I have found the best property manager I have ever used wasn’t straight out of school, but was a ‘crusty’ lady who, after many years experience, had heard and seen every tenant trick in the…[Read more]

Hi all,

Thanks very much for your birthday well wishes.

Have a great day,

Bye,

Steve McKnight

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

Hi,

Yes, I have heard this doen before and it has been very profitable for those concerned.

It is not getting paid to do nothing though, as you receive for fee for managing (i.e. increasing the profitability) of the property.

Conceptually, it’s like a rental management agency paying for the right to receive the income over a set period of time.…[Read more]

Hi,

Just make sure that the CGT advice you have is from an experienced accountant.

I’m probably wrong, but I thought you could still have a PPOR that you rented out for up to six years and would still qualify for the PPOR CGT exemption.

If you have bought another house elsewhere, then you may be liable for CGT on the price gain since you moved…[Read more]

Hi,

Rob – in the right frame of mind, you really are a tremendous asset to this forum so thanks for your contribution.

JF, like any investment you ought not evaluate your decision against opinions so much as you should against your own pre-determined minimum ROI.

That is, Rob has warned you that the market may be uncertain, and on the other…[Read more]

Hi Nehal,

What about moving your thinking sideways…

Until you can get funding on your own two feet, why not put a deal together and then seek private finance and/or money partners and share your profits.

Remember that 100% of nothing is nothing. Sophisticated investors look further than what they can do by themselves as they know a good…[Read more]

Mareeta,

The profit would be earned by the AB Trust and then a distribution made to your Super Fund.

Unless there is something unusual happening in your fund, the Super Fund would then include 33.3% the capital gains distribution received as assessable income.

Super Funds pay a flat 15% tax on their net taxable income.

The other comments on…[Read more]

Hi JJ&Jo,

You probably picked this saying up from either myself or Dave Bradley, as we are the only ones I know who use it because it summarises our approach to negotiation.

In essence, what you are doing is offering the vendor either his/her price or else his/her terms. The idea is to give some ground while also getting some ground.

For…[Read more]

Hi LKGK-88,

Finding properties that meet the 11 Second solution in their own right was never easy in the first place, but is even more difficult today given the property boom.

Instead of trying to buy the deal though, thesedays I try to make it by adding value and by thinking differently. This was certainly the approach I encouraged in the MAP,…[Read more]

Hi,

While structuring is important, it is really secondary to the investing purpose to start off with.

Personally, I think you have made a very good (perhaps great) start as it is as I had nothing like your asset situation at 27!!!

My comments come back to a few core issues:

1. The equity in your property may become lazy money if your do not…[Read more]

Hi,

Per ATO website:

Rental and other rental related income is the full amount of rent and associated payments that you receive, or become entitled to, when you rent out your property – whether it is paid to you or your agent. You must include the full amount of rent you earn in your tax return.

This seems pretty cut and dry to me. As for…[Read more]

Hi,

It’s been a few years now since I lectured at RMIT on a sessional basis… and I was more in accounting than Eco/Finance. Still, there’s a few people around that would remember my name.

In terms of where to get started – I think Terry’s comments about having some sort of saving plan organised, together with G7’s post about education is good…[Read more]

Hi,

For an older property, if you look on the copy of the title you should be able to note the date of subdivision.

In most cases it is then reasonable to assume the property was built soon after.

This technique is handy for properties that are more than 20 years old.

BTW, if you are trying to date when electrical works were carried out, check…[Read more]

Hi,

Thanks for your feedback.

Inadequate examples? Hmmm – perhaps more detail may have helped but I would have thought the broad discussion on what each of the Mappers did would have been a great starting point – especially with the mix of people and their diverse approaches.

In any event, thanks again for your feedback and best wishes for the…[Read more]

Hi there!

Thanks for your feedback and I’ll be waiting to here about the financial improvements that you are able to implement.

Cheers,

Steve McKnight

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