I sent an email to them asking about http://www.derivex.com.au.

They replied and thanked me. They forgot to renew the domain name apparently.

The website is back up and running now. So not quite RIP!

Well I just sent an email to CFDX asking what happened. If they have anything to say I will let you know.

I’m very disappointed, was hoping to change my PPOR over to 0% (and lock in current property valuation), not much I can do obviously. Oh well….

Last I saw on the derivex.com.au website, was that they were shut down by ASIC.

ASIC were acting unfairly according to Derivex. ASIC wouldn’t even say what they were investigating, or who raised the complaint.

Apparently ASIC are to blame for the end of Derivex?

Life insurance is a waste of money!!!

Exception – if you have children thats not true, you want your kids to have the best future possible. If I have children I will ensure any life insurance payout goes into a trust fund for them only.

If you don’t have children I see absolutely no point to life insurance. Your partner might want a big fat pay…[Read more]

Hi,

My understanding of the terminology is:

Cash flow positive: The rental income exceeds all the expenses, you get $$$$ in your pocket each week

Positive geared: The total income (including deductions etc) at end of year exceed expenses

Negative geared: The total income is less than the expenses

Some people accidently or deliberately…[Read more]

If you had tenants move out suddenly, wouldn’t you get to keep their bond?

Surely if a tenant breaks their lease they say goodbye to the bond, and thats 4 weeks rent which should cover any problems. Plus you had insurance as you mentioned.

If I ever decided to kick out tenants who are doing the right thing, I would offer them $$$ as compensation.

Hi,

I could be wrong but generally you can’t force the tenants out after you have signed a lease.

In simple terms its unfair on the tenants. How would you like it if you were in their shoes?

If you really want them out they could always be convinced with some monetary compensation. However they are entitled to name any amount they want.

Maybe…[Read more]

Wow there’s a scarey thought – lets include house prices in the CPI!

Inflation in the last few years would have forced interest rates to hit 20% and made the Aussie $ look like the Lira!

I guess there are lies, damned lies, and the CPI.

Congratulations on your good luck!

When did you find out the vendor had to sell at all costs? It would have put a big smile on your face.

Hi,

Does BIR = Built In Robes or something else?

Also it would be only common sense to ensure the contract had escape clauses for you to cancel the deal. If not you would have been in deep sh@#$t.

How did you end up with $10,000 after NOT buying the property? I could understand if you bought at a cheaper price and saved $10,000. But you didn’t…[Read more]

Hi,

Now that you presumably have settled the property and its in your name, would you like to tell us where you bought the units? Congrats on an excellent purchase.

Originally posted by BEAR1964:

Whos computer program did he steal?

Regards Bear

Bear don’t get a computer nerd started on how dodgy Microsoft is.

<<Sorry – I’ve edited this post as it contained defamatory comments – repost again if you like, but leave out the accusations and opinion and just focus on the facts>>

Thanks heaps Kay you are a genious.

Hi Soliel,

Would you mind telling me what location the property is in? If its in a good location then I may consider putting on an offer.

Thanks

Tom

This maybe a silly question but does the “Section 32” only apply to Victoria?

What is the equivalent for the other states / territories?

If everything else is really good (my criteria are location, tenant, rental return), then I would negotiate a lower purchase price.

Any experts out there who can suggest how much the purchase price should be reduced?

May I suggest:

Positive People Property
From 0 – 130 properties in 3 years!

The title is short and sweet. I also think the title sums up your investing strategy in 3 words. It should also appeal to just about anyone who wants to help others and create “win-win” situations.

Cheers,

Tom