Forum Replies Created
[wink4] he he
One person’s garage is another person’s carport
[smiling]Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Just an idea that I’ve seen work well in Canada…
Where there are two properties on a single title that share a garage… rent it out to the higgest bidding tenant!
Alternatively, if you own all the properties on a multi-dwelling title, grant exclusive use of common area (such as a driveway, backyard, garden etc.) in return for an additional $XX per week.
All little ways to earn extra rent to improve your bottom line.
Slicing up the pie can actually provide you with a little extra. [smiling]
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Let’s move on. [rolleyes]
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi Henry,
I’m working on book #2 right now.
My publisher is horse whipping me to have it ready for an early October release.
I’ve been very conscious to write a lot of new material, yet presented in the same format as ‘0 to 130’.
Keep an eye out…
$20 bucks at K-Mart? Shesh, what’s the world coming to?
BTW, don’t forget the free bonus chapter at: https://www.propertyinvesting.com/bonuschapter.html
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi Beck,
This issue is discussed in Chapter 6 of the Wrap Kit. I’m an avocate of the emerging profits basis and from memory there are worked examples to help you understand how to cruch the numbers at tax time.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
Having a chat room is part of the PI.com business model, but it would not be open for 24 horus – just for special discussion and other designated events.
Prior to this happening we had to sort out our database engine, which is just about complete.
In short – it’s something I’d like too, but there are a few priorities above it.
Cheers.
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi Jo,
Sorry to hear about your friend.
I think this raises a wider issue about asset protection and leads to a realisation that sometimes the biggest threat comes internally rather than externally.
It’s certainly hard to reason why a property has fallen 50% in value when there has been a huge boom Australia-wide.
Perhaps the fixtures and fittings have been depreciated, but this sounds odd given that such costs on a private home would not be deductible!?!
As for the justice system… this is always a last resort. Would I’d do is recommend that both parties meet with a solicitor to draw up an agreement that HE assigns all his entitlements to assets etc. over to HER upon the termination of the marriage. Still, this is an issue that needs proper paid legal advice.
Re: pre-nups etc. This is an option, but a better idea, especially for investment assets, would have been to have them in a family trust where your friend was the Trustee.
This way she could distribute income to HIM without giving him any ownership rights.
Hindsight is a wonderful thing though.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Are we always going to discuss YOU and not what we are here to discuss, that is PROPERTY.Amen!
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
You can pick it up from the online shop (see options in left hand menu). Be sure to include your discount cose as per the back of the book to buy at a reduced price.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
I’m a big fan of P & I loans as you repay debt and therefore reduce your exposure to increases in interest rates.
I use I/O on commercial deals where P & I is not feasible to deliver a +ve cashflow outcome.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Shaun,
We are still applying the same model as outlined in 0 to 130.
Buying positive cashflow deals and making money.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
Points noted. The tape was actually in existence before the book was written, and the potential for duplication is why it is so reasonably priced at $16.20 for book buyers.
In any event, Fast Track 2 is on the way, which will correct this issue.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
SIS,
but, there is a benefit, if you dont plan on selling the property ever, best to claim as much depreciation as possible.Never say ever?
What about funding a replacement asset when the other one wears out… just be mindful of the Ansett lesson and an old fleet.
Still, you’re spot on when you say there is a benefit… but just be aware that it can be a double-edged sword.
On a different note, thanks for your continued support with this forum board – it’s much appreciated.
Good night,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
Just remember that depreciation is tax deferral, not tax saving.
Negative gearing is a useful strategy, but only when the market is appreciating at more than the associated loss.
On a slightly different topic, on last nights MAP conference call, one of the participants as found a property that is $4k p.a. +ve cashflow based on 100% finance… any thoughts about this?
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
I’m 60:40 in favour of the belief that interest rates will rise by .25 basis points.
Time will tell.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hey there [winking]
Well done Maxi, very talented in oh so many ways…
Love your work [
]Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
Shesh… all i said was:
1. Is it a bit rich to come on a forum which I pay for and declare that you have an illegal copy of a resource that other people have paid for?That’s not too harsh is it?
To me, this is a simple matter of breach of copyright.
You have a copy of something that, whether you realise it or not, ought not have been copied. I am only standing up for the rights of those that paid for the material who should not be disadvantaged by those who have not.
Steve I’m sorry if I have caused you any harm as this was the last thing I wanted
But please if you have a problem with something I write about on the forum in the future
I would prefer that you PM or email me to let me know you have a problem, as I do not consider it very professional to Embarrass Members of a public Forum.Well, I don’t regard it as fair play to make an illegal copy and then use this resource to flaunt it!
Still, no harm taken… only a slight cheek sting since I see this as a slap in the face.
there are many rich fobs like rob kio and steve mc etc etc etc and they are happy to give a certain amount of information up, but if you want the important stuff, then you have to pay, here they are rich and comfy and quoting all this stuff, but all they want is more money, more money, more money.[dazed]
Aw heck… you’ll never get anywhere with this attitude. ‘If you want the really good info hey?’ – make makes it really good – the price?
LOL
Enough of this – move on to more positive things.
Bye,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
If you see the same washing machine at three different stores, are you obliged to go back and buy it from the first store?
I’d suggest that unless you have made a promise, go with the one that gives you the best service.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
‘Newbie’ is a thing of the past!
This was one of the reasons for changing the titles.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi,
A couple of things:
1. Is it a bit rich to come on a forum which I pay for and declare that you have an illegal copy of a resource that other people have paid for?
2. As for the cost… people have to value the information on offer. If people aren’t willing to pay the $2k to get the education then I doubt the information would be of much practical benefit because they probably wouldn’t be the action takers that would use it to acquire a substantial property portfolio.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
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