Hi Geoff B,

Thanks for making your post.

So… if you can, would you (and others) like to share say up to three insights you have when it comes to investing in general?

Mine would be:

1. Luck is hoping to profit whereas skill is applying a known strategy with a specific outcome in mind, by a specific pre-determined time, prior to beginning

2.…[Read more]

Hi Noel,

Thanks for your post and I hope you enjoy the books that I have written.

From time to time I get over to Canada – when I do I always catch up with Don Campbell of http://www.albertarein.com

I have spoken to his real estate group in the past, and I hope to do so when next I manage to cross the pond.

As for the investing techniques – I know…[Read more]

Hi Francis,

The current and prior bills relate to the conveyancing costs associated with the purchase and sale of real estate. When you enter into a property transaction you need a legal representative to review the contract as well as deal with mortgage and title issues.

Exit strategies are the ways that you plan to realise your investment…[Read more]

Hi,

Well, looks like this month was the month. Interest rates up 0.25% this morning.

I have just posted this comment as a blog:

The Reserve Bank of Australia (RBA) today announced that its benchmark cash rate would rise 0.25% to 5.5%. The last increase was in December 2003 when it rose the same amount.

As far as impact goes, someone with a…[Read more]

Hi,

Thanks for replying!

I’ll be in touch with you early next week.

Cheers,

Steve McKnight

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

No Jo.

Someone I know in the media would like to speak to them about a story that is unfolding.

Bye,

Steve McKnight

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

Hi,

I’m sorry if my personal declaration of faith has been misinterpreted.

The quote you mention is on the acknowledgement’s page as I wanted to give God the glory and to thank Jesus for saving me.

Nowhere in the bible does it say it is a sin to be wealthy. The parable of the rich young ruler says “if you want to be perfect…”.

Surely Jesus,…[Read more]

The People Who Hate People Party? LOL. You crack me up!

You wanna moderate that forum Mr. Gatsby?

*Sigh*

Hi,

We made an offer to rip up the contract so the vendor could sell to someone else at the higher price.

This called their bluff, and in the absence of another genuine buyer, the sale went through regardless.

One thing I did mention to the agency, which happened to be a Jenman agency, was that if they thought they did an inferior job in…[Read more]

Hi Jenny1,

From the sounds of it you are talking about flipping the property – meaning that you will onsell the property prior to taking formal ownership of it.

In that case, you will still need to pay stamp duty, but your solicitor will organise a similtaneous settlement meaning your purchase and sale will happen on the one day.

You will…[Read more]

Hi,

I’d say you had the basics pretty much figured out.

In time you’ll need a reason to invest, but for the moment all you need is a deal to get your teeth stuck into.

Cheers,

Steve McKnight

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

Hi,

Thanks for your post and welcome to the forum.

I guess the question you have to ask yourself is… ‘How much capital gain am I expecting this property to earn (both % and $).’

It would only make sense to buy if the expected inflation adjusted capital growth was more than any accumulated negative cashflow.

Perhaps post back listing what you…[Read more]

Hi,

Why not ask him to help out here on the forum then? We need all the experts we can!

Cheers,

Steve McKnight

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

Nikki,

Yep, that’s the way to go.

But add a practical element to your theory too by looking for real deals where you can test your theory without necessarily having to purchase.

Part of gaining confidence is the ability to find deals that fit your solution mindset.

It’s a shameless plug, but try to get to a masterclass if you can to find out…[Read more]

Hi Nikki,

Just be careful that you don’t match the problem with the strategy, rather you try and match the strategy with the problem.

For example, becoming familar with wraps equips you to solve just one of many types of property problems. A mistake I made when I started was thinking wraps was the answer to every investing problem. It’s…[Read more]

Hi Ivan and thanks for your post. Welcome to the forums! [biggrin]

Well…

Is the issue the bank won’t lend because an insurer won’t pick up the loan, or is it because of your credit circumstance and a high LVR on this deal?

If I read your post correctly then it is the first issue before you. I know that some banks self-insure (e.g. the CBA…[Read more]

Hi and welcome to the forum.

Thanks for your post.

It seems like property spotting and bird-dogs seems to be the topic of the moment.

Rather than replicate discussion elsewhere though, I recommend you check out:

https://www.propertyinvesting.com/forum/topic/15048.html

and

https://www.propertyinvesting.com/forum/topic/14762.html

Be sure to…[Read more]

Hi,

It is still possible to buy positive cashflow deals, but it is getting harder and harder.

Martine is right, generally speaking, today you need to create the cashflow stream by solving problems.

In essence, this problem solving mindset is the key theme in the masterclass events that I facilitate. During the day we look at how you can create…[Read more]

Muppet,

Who do you think is the best manager in Tokoroa and why?

Cheers,

– Steve McKnight

P.S. Any news about the latest with the mill?

Hi,

My experience is that there are two ways to go:

1. Offer Aus property as security AS WELL as NZ property which will allow you to get finance here for property there.

2. Get finance in NZ for NZ property, but, being an Oz citizen, the LVR may be as low as 60% or 70%.

If you’re seeking finance then it would be worth putting in an inquiry at…[Read more]