Unicorn replied to the topic what if the market is dropping? in the forum No Subject 19 years, 7 months ago
Hi Anubis
If the stuff from this seminar was all just too simplified, perhaps you would care to share with us the complicated way in which you have made your millions?
Many thanks
UnicornUnicorn replied to the topic Hi everyone… in the forum Help Needed! 19 years, 8 months ago
Hi Dunnyboy
Good luck and success to you and your Dad! Steve McKnight runs Property Masterclasses at various venues throughout the year. I have just been to one. We have a small number of property investments, but this class has changed my thinking completely and given me more focus. There’s no hype or pressure to purchase products or…[Read more]Unicorn replied to the topic what if the market is dropping? in the forum Help Needed! 19 years, 8 months ago
Hi anubis
Thanks for your reply. Do you find that all properties in the market that you are currently investing in have identical yield? They certainly don’t where we are! Sometimes someone may need to sell really quickly so they drop their price (immediate increase in yield), or else the “problem” with the property is offputting to most people…[Read more]Unicorn replied to the topic Help/tips to reach my goals. 1st timer in the forum Help Needed! 19 years, 8 months ago
Hi loungeact
Great advice from everyone re attending seminars & reading books etc. While you can figure it out yourself, it doesn’t hurt to shortcut mistakes by learning from other people’s!
Wondering why you would bother managing properties yourself? I think an agent is money well spent, and leaves your time free to go track down the next…[Read more]Unicorn replied to the topic what if the market is dropping? in the forum Help Needed! 19 years, 8 months ago
Thanks for your reply.
I am having a bit of trouble answering it because I am still in the process of getting my head around all the info! but I think the point is that the market isn’t quite that logical, or the yield would be identical on all properties in an area, which isn’t the case. A problem with a property would not necessarily give it a…[Read more]
Unicorn replied to the topic just starting in the forum Help Needed! 19 years, 8 months ago
Hi Terrabyte
I’m new too and was lucky enough to attend steve’s masterclass in Sydney on Sunday. He’s running another in October, and at other venues during the year. It was really good value, try to get to one if you can.
Good luck!Unicorn replied to the topic Tax effectiveness of trust vs individual in the forum Legal & Accounting 19 years, 8 months ago
Thanks for your reply. Its my understanding that the Uncles cousin with the baby would then have the right to that money, even if the distribution was done in the books rather than as cash ie the trust would be showing $6000 liability “Loan to Uncle’s cousin”. This could be a problem dont you think?
The idea of a coy as beneficiary is great,…[Read more]Unicorn replied to the topic Yesterday’s Sydney’s Masterclass in the forum No Subject 19 years, 8 months ago
The class was great, wasn’t it. This is my first post to a forum, hope I get it right! Page 66 of notes covered this question. Also, if you have purchased a problem and turned it into a solution then that would be a good time to sell. We bought a problem about 10 years ago and turned into into a solution. However, we hung on to it, and now it…[Read more]