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  • Profile photo of susiemacsusiemac
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    @susiemac
    Join Date: 2003
    Post Count: 14
    May 28, 2003 - 11:33 am

    quote:

    Hi Novice,

    Congrats on your 1st purchase. I have recently bought a house in melbourne as my IP and want to fix the loan for 5 years as well. You seem to be getting a very good deal. Could you please tell me which which bank offered you 5.97% for 5 years and what are the other charges on this loan like estd. fees, account keeping fees etc.

    Thanks in advance
    -D-

    We got 5.97% fixed for 3 years through the commonwealth bank. There are no fees, because we qualified for the wealth package (owe more than $250K) which gives you no fees on loans or mastercard and 10% off bank products (insurance) – but you pay $300 per year (which I feel I more than save on interest). Plus they gave me .5% off the variable rate if I want to go variable.

    Profile photo of susiemacsusiemac
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    @susiemac
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    April 10, 2003 - 10:04 pm

    [/quote]
    You’ve got some good ones too like “Tell me why I don’t work Mondays”. Perhaps that should read “I’ll tell you why I don’t work Mondays?”

    [/quote]
    Thanks Gus, but this would be better

    “I don’t work Mondays (or Tuesdays, or Wednesdays)”

    “ASK ME WHY I don’t work Mondays (or Tuesdays, or WEdnesdays)

    BTW, I was on a coffee high the other night… I’m much calmer now.

    [:)][:)][:)]

    Profile photo of susiemacsusiemac
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    @susiemac
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    April 9, 2003 - 11:28 am

    OKay, here we go again!!!

    21. HURRY UP!
    Property tips for the impatient.
    Steve McKnight tells how he bought 130 properties in 3 years and gained financial freedom.

    22. PLUNDER DOWNUNDER
    (this has absolutely no relevance whatsoever, but what a great title! Perhaps it will inspire someone to write a story about ned kelly…again…)

    23. RENTAL RICHES
    Put money in your pocket with investment property.

    24. CASHFLOW or CASHFLOOD?

    25. REAP THE REWARDS
    Retire while you’re young enough to enjoy it with Steve McKnight’s formula for cashflow investment property.

    26. Stars in My I’s
    – Investment, Interest and Independence
    How Steve McKnight acquired 130 properties in just 3 years (and you can do it too.)

    Profile photo of susiemacsusiemac
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    @susiemac
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    April 9, 2003 - 11:05 am

    I like Gus’s
    CASH IN YOUR WALLET, TIME ON YOUR HANDS

    Pretty cool.

    But hey Gus, do you REALLY need all Steve’s groovy stuff as much as me??? Come on, I’m desperate here! If you get any more ideas, feel free to tell me them first and offer me first dibs on plagiarising them.

    Profile photo of susiemacsusiemac
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    @susiemac
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    April 9, 2003 - 11:02 am

    12. GET A LIFE
    … while your tenants pay your wages.

    13.
    ‘TELL ME WHY’ I don’t work Mondays…
    or Tuesdays…. or Wednesdays….?
    Because my tenants pay my wages while I enjoy financial freedom.
    (guess you have to remember the Boomtown Rats for this one!)

    14. PERMANENT HOLIDAY
    How STeve McKnight acquired financial freedom in just 3 years. (and you can do it too!)

    15. PROPERTY FOR PROFIT
    Say no to negatives – create cashflow through investment property.

    16. Turn your CASHFLOW into a CASHFLOOD
    How to gain financial freedom through investment property in under 3 years.

    17. Rent to RETIRE
    Gain financial freedom through investment property in just 3 years… one man’s true story shows you can do it too.

    18. ‘SOLD! To the man in the Hawaiian shirt.’

    How an average guy bought 130 properties in just 3 years (and you can do it too).

    19. (VAriations of the above to make it more aussie)

    SOLD! To the man in thongs.
    SOLD! To the bloke in the flannelette shirt.

    (VAriation of subtitle could be:)

    How to buy, sell and rent to gain financial freedom.

    20. DIRTY HANDS, CLEAN MONEY
    REnovate, rent and retire.

    [:)][:)][:)][:)][:)][:)][:)][:)][:)][:)][:)][:)]HEY I LOVE NUMBER 20!!!! HAVE A GOOD LOOK AT THAT IF YOU DO A BOOK WHICH FOCUSES ON RENO’S.

    I’m exhausted now. I shall retire to my casbah for further contemplation.
    (Hey Steve, am I getting close? Huh? Oh, come on, give us a HINT if you like some of them. Well, OK, if I can’t win, I vote for Peter Parker – his are pretty cool for a spiderman.

    Susie

    Profile photo of susiemacsusiemac
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    @susiemac
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    April 9, 2003 - 10:35 am

    1. Other People’s Money
    How Positive Gearing Brought me fInancial freedom

    2. Other People’s Money
    Retire in 3 years using the 11 second rule.

    3. Your Money or Your Life
    No need to choose – have your moneycake and eat it too.

    4. Financial freedom in 3 years flat using OTHER PEOPLE’S MONEY

    5. FINANCE FOR FOOLS
    How an average guy bought 130 properties in 3 years (sorry steve, no meanness intended!)

    6. ANY FOOL CAN DO IT
    How an average guy bought 130 properties in 3 years and found financial freedom.

    7. FINANCIAL FREEDOM FOR FOOLS
    How an average guy bought 130 properties in 3 years using other people’s money

    8. QUIT Y0UR JOB AND GET A LIFE
    How Steve McKnight’s 11 second formula snagged him 130 income producing properties in 3 years.

    9. PROFITABLE PROPERTY
    How Steve McKnight went from financial zero to retired hero in just 3 years.

    10. Have your MONEYCAKE and eat it too.
    REtire while you’re still young enough to enjoy it with Steve McKnight’s 11 second formula for acquiring property income.

    11. I could go on and on… more later!

    PS This is so much fun!!!!!!!![:)][:)

    Profile photo of susiemacsusiemac
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    @susiemac
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    April 8, 2003 - 10:18 pm

    Steve said: If it’s ok then I’d love to use what you wrote.

    Susie said: Go ahead, use anything I wrote, glad to help.. and it’s what I like about this site: sharing information and ideas is win-win for everyone. Did you like the title idea?

    Steve said:(Are you also putting your hand up for the proofing job? [;)])

    Susie said: I’m sure you can get hold of someone locally but let me know if you get no joy. I would love to go to one of your seminars but haven’t been able to afford it yet… so maybe we could do some kind of contra.

    Profile photo of susiemacsusiemac
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    April 7, 2003 - 1:06 pm

    hi Chris

    We lived in Brissie for many years and now live in a regional centre a few hours away. The word is, that property prices have peaked (for now) in Brisbane and may flatten out a little, so could be a good time to buy. Just try to remember that what sounds cheap to a victorian or new south welshman may not be cheap to a qlder. Do some research on the net to see what similar properties are selling for.
    Brighton would be my tip.

    Profile photo of susiemacsusiemac
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    April 7, 2003 - 1:02 pm

    Since no one has yet replied to my post, I thought i should – so it makes the topic look interesting!

    Profile photo of susiemacsusiemac
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    April 7, 2003 - 12:29 pm

    I’ve posted one reply already, then I read the other responses and thought of more to say.
    I agree with those who say to concentrate on your successes – and, I would add, the successes of your proteges. After all, people may think you are excessively gifted, intuitive, lucky, whatever – they need to know that you can teach THEM to get financial freedom. I also agree not to use the kind of hype that all the other types of books use. For a title, what about “Turning Negatives into Positives” and then some kind of subtitle, maybe “how you can build financial freedom without dipping into your hip pocket”.
    My third bit of advice relates to the editing – I have read several investment type books that are riddled with grammatical and typographical errors and I must say it pulls down the credibility hugely. I once edited a book for a franchise guru, discovering over 1000 mistakes. And he was going to self-publish! Fortunately the book went on to five reprints (last count, I haven’t checked lately) but the great thing about it for him was that my company believed in the books’ content and did the editing on a royalty/commission basis – no outlay for him, but lots of income as it sold. I’m not looking for your editing project, but would suggest that you might be able to get good professional help without forking out heaps.

    Profile photo of susiemacsusiemac
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    April 7, 2003 - 12:13 pm

    hi Steve

    I liked the intro but thought it was a little weak on your wife only being able to cut out one day of work – after all, writing a book like this is saying “I have worked out how to have financial freedom already” NOT “i am still on the road to financial freedom” SO I was really glad to see in your reply that Julie is in fact, not needing to work. I think it would strengthen your credibility to say exactly that – Julie doesn’t really need to work and yet enjoys continuing – she has CHOICES. And that’s what it’s all about. Not everyone wants to stay home and not work, a lot of people get satisfaction from their job. I would definitely emphasise that she could keep the job or not keep the job. Maybe something like this: “In fact, Julie was happy that her boss agreed to cut back her work time… but if the request had cost her the job, it wouldn’t have mattered to us financially. The truth is, Julie doesn’t need to work at all… but she loves her job and gets lots of satisfaction from it. She has the choice – to work or not to work – because of the investment strategies we have put into place.”

    Just IMHO. Take it or leave it.

    Profile photo of susiemacsusiemac
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    March 9, 2003 - 4:17 pm

    Hi All,

    Thanks for your advice – I will be hanging on to all of it. re the comments from AD – yep, that’s the figures i’m getting too, and yes, there is another bonus – firstly, the rates are only about $900; secondly it is a brick home with 4 beds plus study and in good repair. From checking out the marketplace I estimate I am buying at about 10% under market value. I am borrowing $132 and could immediately resell for $140K if so desired. So hopefully this makes it worthwhile; plus it’s very low maintenance, unlike most properties in this price bracket it won’t need any external painting at all. How does that stack up now?

    Profile photo of susiemacsusiemac
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    February 5, 2003 - 2:59 pm

    Ooops – pressed a wrong button somewhere to generate a “quote” reply.
    Thanks everyone, that’s given me plenty of food for thought. I wondered about removal houses but people that I know who have done them for themselves reported no end of trouble with councils. The other “if” that I have is that I got a building inspection done for a house I was interested and the inspector could tell it was a removal and advised me to steer clear because of it – so maybe it might bring down resale value? Or eliminate potential buyers?
    I haven’t done the courses yet, and can’t really see myself coming up with the dough for that so I guess I’m not expecting such a good return at first until I learn the ropes. Tell me, if I do the reno/flip thing, do I need to be registered as a business or anthing? Or can I just go ahead and do it?

    Profile photo of susiemacsusiemac
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    February 5, 2003 - 2:55 pm

    quote:

    Sounds like you would be great at doing a reno/flip. Have you thought about removal houses? eg Here there is a house for $1500, land for 17,500 and relocation costs $30k, add 20k for reno and nothing here is selling under $100k…and they are available everywhere – there was one for free in the Sydney papers this last weekend!!Anyway, good luck!!!!!

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