[glum2]

Aw, it was all in fun…

OK, it’s back to more respectful system.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi Misty1,

Welcome to the forum []

Risk and return are always present in every investment, but not always in equal amounts.

For example, risk can be mitigated by using a proven system that’s applied with effective management, which will maximise your return at the same time.

This (system and management) explanins how I’m able to make positive cashflow from deals while other people struggle to see the profit.

When you understand this you see that the property (location etc.) is incidential to the profit… what is critical is being able to spot the opportunity and apply the system.

So, to answer your question:

Yes, but only to the extent you have a system to make money from the crazy ideas. If you are flying by the seat of your pants then the more remote the idea, then the more remote the chance of profit.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

I’m sorry, but this sort of investing needs a stern rebuke.

Rule: Every sensible investing plan needs an entry AND and exit plan.

If you have purchased these investments without a plan for how you will repatriate your investment then you have been ignorant in your approach.

Investing in a foreign country is complicated enough, but once you have a structure formalised there is even less flexibility.

I suggest you seek immediate paid professional advice (in Aus and NZ) to clarify your position so that you can regain control of your cashflow as soon as possible.

Rule: Control over the cash is paramount in any investment.

You are right to ask these questions, but they were questions that should have been thought of and answered prior to investing.

Learn the lesson for next time.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi Sly,

Mate – new wine for new wineskins!

There were more chapters in the book than just buy and hold.

Interestingly, some of the MAPPERS have found great deals in NSW… so they must be out there.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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What about Western Union?

Most newsagents are agents…???…

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi Daniel,

Thanks for your post and I’m delighted that you enjoyed the book [exhappy]

A ‘Flip’ is simply a property transaction that has a simultaneous purchase / sale date.

While the theory behind Flips (buy and sell higher) is a pretty straightforward, it’s really a niche rather than a wholesale market.

I don’t know of any specific products or seminars, which is why flips are perhaps best learned in the market place, with the aid of some thorough legal advice.

If you pioneer a process though it might become a good information product for you [wink].

Finally, a few words of caution:

1. Remember that there will be double stamp duty (and possibly triple stamp duty if NSW stamp duty changes are brought in!). This makes many flips uncommercial unless there is an appropriate margin.

2. If you regularly flip then your gains will be treated as income rather than capital gains (no 50% exemption).

3. It’s a strategy that works best when the market is buoyant and there are plenty of buyers. I’d be more cautious now the market seems to have changed.

Best wishes,

Steve McKnight

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Remember that success comes from doing things differently.
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Well,

Big W hey? I didn’t know they had placed an order… still these guys are not booksellers as such.

At the time of writing I am unaware of any book chain that has discounted it. Still, it’s sure to happen eventually though.

Thanks for the heads up…

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi Bec,

A life ban is a life ban.

All future posts will, sooner or later, be deleted and profiles you sign up with will be locked.

Your computer’s IP address is tracked on each post, so we can trace it back easy enough.

It’s time for us all to move on.

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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