His self promotion, one liners etc was done 40yrs ago by someone that could box.

But as long as Anthony thinks he is original, then let him keep thinking it….

Originally posted by Monopoly:
Hi All,

Well the issue of operating strictly in the name of making money, or being more moralistic in one’s behaviour has raised a few eyebrows to say the least.

I believe we are all (most of us anyway) mature/smart enough to have figured out that the two (business and morals) are not exclusive to each other, and…[Read more]

Originally posted by sizzling_duck:

Quote:
The real answer in this thread is that yourself and Russh, I believe classify the $35,000 in cash leftover from selling the land is worth more than the $50,000 in equity in the block as it has an associated liability.

LoL ……….Never said that!

And around we go

[/quote]

I guess you guys are the glass half empty types?
[/quote]

Quite the opposite actually (cant speek for the rest).

You seem transfixed on the “technical” definition for which you are CORRECT, are you an accountant?

The other method that most of us are on agreement is the most practical way to look at assets and liabilities for long term…[Read more]

Whens the next NSW state election? [cap]

Originally posted by sizzling_duck:

LOL….. yr non blinkered ideas have basically been covered by the people with blinkers on.

I would agree with Russ (which is Rich Dads definition) of what an asset and a liability are.

So someone suggested building a new building and then selling? Sorry, I didn’t read that anywhere. Or in fact subdividing…[Read more]

Originally posted by sizzling_duck:
Originally posted by RussH:
Land is not an asset but a liability.If something costs you money and has no return then it isa liability.
Sell the land and invest the nmoney on a +cf property.
An asset is something that makes you money.i.e a cash flow + property.
Russ

An asset is anything you own, regardless of…[Read more]

Originally posted by Fish:
Hi all,

Just seeking some advice as to whether to sell my land and use the cash in my bank to buy an IP, or to keep the land and use the equity?

The land has had it’s boom and gives me around $50,000 in equity to show the bank. If I sell, I’ll have around $35,000 after CGT and sales costs.

Am I better to leave the…[Read more]

Originally posted by Alby:
Im looking at my second property purchase at the moment – so im just geting into this. I came across a block of 5 units recently – a little run down but its right on the beach in a country location and it is currently fully rented. I can see a capital gain at some stage on it if I can get it ast the price I want – but Im…[Read more]

Everything cycles its just when to get on and when to get off the bike is the trick, so right now i would BUY as many NAB shares as I can afford, lunchtime today was ideal [aacool]

Something new!! mmm plenty of dough in doing things that have been done before and less hasle but only if you understand the game before you start playing it [biggrin]

I agree AusProp. I think this last property boom has been a blessing for the small towner wanting to get out, especially with all the +ve cashflow people running in to snap up the bargains.

Originally posted by kay henry:
You wouldn’t buy shares without reading a prospectus,

kay henry

Prospectus cant tell you everything

I went out and had a look at some regional NSW towns (new england and upper hunter).

I thought they’d be ok to live in if they had a beach [biggrin]

Kay Henry.. I know generalising is a bad thing and you might be slightly different from the herd.

The herd refers to the majority of property investors in australia that have jumped in on this “latest” boom.

A lot of people have bought property on a short term speculative gain (like in the share market boom before it), theyve watched the shows…[Read more]

everything cycles ..remember the “money’ show with paul clitheroe getting all the mums and dads (who had no idea into the share market) and remember when all the taxi drivers had a share tip, now they have the hot growth area for property). That “shares” show kinda dissappeared from the radar when the tech boom failed with other blue chips. The…[Read more]

Yawwwwwwwwwn

Interesting that..investment property’s value is based on the /m2 rate you can get for the rent.

MMM then there is bracket creep..

Any new tax will be passed on to the consumer. As well as the higher building costs associated with the new workcover rules comming into effect. This will make it harder for first home buyers to get into the market.

If this is the excuse from Bob Carr (make it easier for first home buyers) to why he is…[Read more]

Originally posted by MiniMogul:
“Is there an edit button for these posts???”

yes! but you have to log in to see it!
cheers-
Mini

Thankyou was thin king i was already logged in when i posted but not to be

Peoples “greed” is always someone else’s fault..