Hi Melbear,

Cough, splutter…

I never got the impression that Hans owned a whole stack of property, but I may be wrong.

The question I’d be asking is: How much of it is first hand experience and how much of it is theory learned from others?

$500 bucks for a coffee sounds a bit steep.

Bye,

Steve McKnight

**********
Remember that success…[Read more]

Hi,

that way, you won’t be feeding dodgy author’s coffers.

That would have to be one of the tightest comments I have ever read. I make less in a royalty per book sold than the government makes in GST.

Another example of scarcity thinking that keeps people poor.

If you pay peanuts then you’ll attract monkeys.

Over and out!

Steve…[Read more]

Hi,

I’ll go in to bat for Geoff.

He’s a nice, down to earth guy with broad experience and very useful ideas.

Buy his book and if you’re into renos, go to his seminar too.

Bye,

Steve McKnight

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

Wow,

Hans has come a long way in a few years… I met him a while ago when he had a $30 book.

He’s a nice guy, but I don’t know how much experience he’s had buying property… so I’d want to have that question answered before I forked out $3,000 big ones.

Cheers,

Steve McKnight

**********
Remember that success comes from doing things…[Read more]

Hi,

The only type of rent assistance I know is paid through Centerlink. Click here to go to the Centrelink page to find out more.

Having said that, a call to Centrelink to confirm the available entitlement beyond rent assistance would be wise.

Bye,

Steve McKnight

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

Hi,

It might catch up – and population is one thing, but infrastructure growth and jobs are also needed.

Also, perhaps contraversially, aren’t people from Qld also generally paid less than Sydney and Melbourne? That might impact affordability.

I’d say outperform S & M in % growth terms, but I don’t know about catch up.

Cheers,

Steve…[Read more]

Hi and welcome to the forum!

Advice:

Knowledge + Action = Success

and

There’s no better time than now to get started.

Cheers,

Steve McKnight

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

Hi Shirley,

Great Post!

The first thing I’d say is that your life insurance may be more tax effective if you organise it through your superannuation fund due to some tax perks.

As for life insurance generally, you need to have a look at the risk that you want to insure against. For most people, life insurance is about insuring against lost…[Read more]

Hi,

Legally you are somewhat in no mans territory as you will need a tribunal order to evict the tenants and in the meantime you rely on their good grace to move on.

Indeed, as the lease is technically still continuing, you have no grounds to knock on the door etc. and if you do so then you risk a fine.

Still, what I’d do is to provide the…[Read more]

OK… last post in this batch!

Hi Steve,

Great to hear from you and to learn of your investing plans. What course are you studying?

1. Should I buy a PPoR, move into it with my partner and pay the thing down as quickly as possible (using FHOG), worrying about IP’s in a few years?

Well, the first thing I’d say is to avoid confusing buying a…[Read more]

Hi Pete,

No offense taken.

You make a good and accurate observation in that once a property exceeds a certain price (relative to its yield) then it will become negative cashflow due to the interest cost (on the basis of an 80% loan).

Sure, you could leave a higher deposit (thus lower interest), but that would drop your return.

So, what can we…[Read more]

Hi Jason,

Thanks for your post.

Re: preparing walls. Here’s a couple of useful websites I found:

http://www.apapublishing.com.au/articles/article.asp?ArticleId=417

http://www.apapublishing.com.au/articles/article.asp?ArticleId=417

In addition, I would imagine that your local Bunnings would have a Fact Sheet to help you out.

Cheers,

Steve…[Read more]

Hi,

Let’s not get too carried away here.

Henry Kaye offered a service to a market of hungry buyers who didn’t necessarily stop to wonder how the system worked or it’s key assumptions (i.e. continued capital growth).

In my opinion it was a big game of musical chairs in that it kept going round and round, but when the music stopped there were…[Read more]

Hi,

To be fair here – I asked Bill for his opinion which he was kind enough to provide. I believe his opinions, while perhpas different to mine, nevertheless add to the forum to create balance.

In respect to comments about Bill. Several months ago Bill had his say and now the other side has been aired as well.

I think, short of Bill having a…[Read more]

Hi,

Interesting points made here.

Re: experience, if you were looking for weaknesses then the length of my time in the marketplace is certainly a point open for debate.

Moving sideways a little, two arguments that have come up recently cause me to chuckle.

The first – my success is a function of being lucky in the market. E.g. “if I had of…[Read more]

Hi,

Not sure what to make of this post…

Anyway, Channel 7 haven’t done any follow up stories yet and I don’t know if they will…???…

Truth be told, the MAP people didn’t want the publicity because being on TV made the going tougher when doing deals.

As for numbers, 20 or so started and now there are 13 left. The ones that have departed…[Read more]

Hi,

I’d have to agree with you fitness.

For me it is a struggle to mention what I do becuase it places me in a context that a lot of people don’t understand.

Sadly, friends have come and gone along the way and will no doubt continue to do so. Having said that, other friends have been there well before it started, so there is something even…[Read more]

Wow – three fantastic replies!

Westan – great to see you back on the forums and I hope the move went OK. Where are you based – North or South Island?

Dave and I sold a significant chunk of our property portfolio last year – the deals that only serious investors would buy such as blocks of units. We did this because:

1. The price we got was…[Read more]

Hi,

For more information on this virus and a free utility to clean it visit: http://www3.ca.com/virusinfo/virus.aspx?ID=38102

Bye,

Steve McKnight

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

Bill,

Not suggesting that you sent it at all… just clarifying that I seriously doubt that the source was from us.

Although, with the number of e-mails we get a day, approx 30 or 40 of them are advice from our virus protection software that so-and-so sent a virus and it has been removed.

Bill – I’ve started a thread…[Read more]