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  • Profile photo of YoungInvestorYoungInvestor
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    @younginvestor
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    Correct! That has to be a valid answer, and was in fact the variation that I was thinking of when i mentioned that there were a number of solutions.

    The original has the dead person as an astronaut!

    Well done though!
    Steve

    “Knowledge is Power”

    Profile photo of YoungInvestorYoungInvestor
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    Okay, gotta keep two going at once…

    A man died with a hole in his suit. There was is no visible blood. How did he die?

    (Several possible solutions)

    Have fun,
    Steve.

    “Knowledge is Power”

    Profile photo of YoungInvestorYoungInvestor
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    Correct, well done Simon!

    Can you guess the other one?

    Steve.

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    Profile photo of YoungInvestorYoungInvestor
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    One more… (easy as the first one)

    Jimmy Jones was leaving a room but when he tried to push the door open, he realized he couldn’t. He tried to bang the door with all his strength but it didn’t work. Then he saw something that made him laugh and he exited the room. What did he see and how did he open the door?

    Steve.

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    Profile photo of YoungInvestorYoungInvestor
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    Okay, this is a fairly easy one.

    Two identical airplanes (Plane A and Plane B) make the round-trip flight from Melbourne to Sydney on different days. They both use the exact same route and the same flight conditions are the same, save one: Plane A experiences no winds on the flight, and Plane B experiences a constant wind that gives it a headwind (flying against the wind) going to Sydney, and a tailwind (flying with the wind) back to Melbourne. If both airplanes maintain the same airspeed (speed relative to the wind) the entire flight, which airplane will take longer to complete the round-trip? Why?

    Good luck! [:o)]
    Steve.

    “Knowledge is Power”

    Profile photo of YoungInvestorYoungInvestor
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    @younginvestor
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    Once again, it’s great that you’ve identified a growth area, but you need to consider the saleability of the property at the end of the 12 months. You can only sell a property at 15-20% higher than you bought it for if there is someone willing to pay that much for it when you want to sell.

    It’s a simple idea, but with all the statistics and predictions going around the last few months, it’s easy to forget!

    If you think it’s a goer, compare it to what you might be able to get with your money elsewhere and then compare the risk levels.

    Good luck!
    Steve.

    “Knowledge is Power”

    Profile photo of YoungInvestorYoungInvestor
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    kenzhang,

    Those are all very valid reasons for selling a house yourself, and are probably the main ones!

    Read Neil Jenman’s “Don’t Sign Anything” for an expansion on all of those ideas and perhaps a few others if you’re interested.

    Good luck,
    Steve

    “Knowledge is Power”

    Profile photo of YoungInvestorYoungInvestor
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    Hey guys,

    After reading another thread, I was alerted to this article.

    http://www.abc.net.au/news/newsitems/s1065616.htm

    We’ll have to wait until the findings of the productivity commission to know what’s going to happen with respect to any of this. The government probably won’t pay much attention to their recommendations anyway…? Just have to wait and see.

    Steve.

    ps: I can’t find any articles or anything that mentions 01/05/04 for this happening. Perhaps SMARTMONEY knows someone on the Productivity Commission?? [:D]

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    Profile photo of YoungInvestorYoungInvestor
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    Some weeks ago, I read an article (can’t find it now) about the abolition of Mortgage stamp duty for first home buyers. (Note: Highly unlikely that the same would apply for land or building stamp duty).

    I live in VIC and read it in The Age, but the article was about how QLD was going to do it, and how Steve Bracks was considering it for VIC.

    I think this may be what SMARTMONEY is referring to??

    My apologies in advance if I’m wrong [:I]

    Steve.

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    Profile photo of YoungInvestorYoungInvestor
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    milkman,

    It’s great that you’re expanding your mind to think of new ways of raising capital, but if it was so easy to make 30-40k per year (per property?) using negative gearing, why would we worry about positive cash flow property in the first place??

    Good luck! [:)]
    Steve.

    ps: If you’re confident enough to be able to make 30-40k per property in 12 months, then go for it! Just be prepared for the possibility that all might not go as planned.

    pps: Are you sure we’re still in a “boom market”?

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    Profile photo of YoungInvestorYoungInvestor
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    Im here, sorry! You got it right, it’s a hole! :)
    Let me know if you want some more!

    Steve.

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    Profile photo of YoungInvestorYoungInvestor
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    heh, got 92.6 first go and cant get over 80 now [:(]

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    Profile photo of YoungInvestorYoungInvestor
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    Clue???

    The fact that the box is wooden is a red herring. It doesnt really matter what it’s made from.

    It requires lateral thinking, and recognising a subtle play on words (sort of). [?]

    Good luck!
    Steve.

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    Profile photo of YoungInvestorYoungInvestor
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    haha, good one!! [^]

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    Profile photo of YoungInvestorYoungInvestor
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    Nice!!

    Now 2 points all :)

    What can you put into a wooden box to make it lighter?

    Anyone?

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    Profile photo of YoungInvestorYoungInvestor
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    Update:

    1. Correct – 1 point milkmanjr
    2. Incorrect
    3. Pretty close – Clue: Applies to baseball or softball and you have one of them right as the catcher. 1/2 point to MH
    4. Correct – 1 point MH
    5. Correct – 1 point milkmanjr

    1 1/2 points left! Well done so far guys.

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    Profile photo of YoungInvestorYoungInvestor
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    painter,

    In a book called “The Australian Landlord’s Handbook” by Suzi Bilosh, it goes something like this…

    Dear (Mr/Mrs/Ms) Tenant

    Re: Rent increase at: (….address….)

    I am giving you ….. days notice to inform you of a rent increase of $……. that will come into effect on …/…/2004. Therefore the rent due it $……, due on the …….. of every ………. If you anticipate that you will not be renewing the tenancy you are required to give me …… days notice.
    I appreciate the good care you take of the home and hope you will continue your stay.

    Thank you.

    Yours Sincerely

    Landlord’s name:

    Considering how fantastic your tenants are, this might sound a little tough. If nothing else though, it gives you one example of how to set out the notice.

    Hope this helps,
    Steve.

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    Profile photo of YoungInvestorYoungInvestor
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    Australians
    Usually
    Share
    Two
    Relationships
    And
    Lie
    Indefinately
    About them

    I haven’t quite caught on have I?… [?]

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    Profile photo of YoungInvestorYoungInvestor
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    @younginvestor
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    1. Correct!
    2. Incorrect!
    3. Incorrect! (lol)
    4. Incorrect!
    5. Correct!

    Nice work milkman, 3 to go!

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    Profile photo of YoungInvestorYoungInvestor
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    breakingout,

    There are at least two reasons why guaranteed rentals are usually no good.

    1. The rental is already built into the purchase price (even if it does come close to the 11-second rule).

    2. It’s likely that you will find it hard to get tenants at the “guaranteed rent” level once the guarantee period expires.

    Why wouldnt the owner rent it out themselves if they could achieve close to +cf? Perhaps they need to sell, perhaps they dont…

    Hope this helps,
    Steve.

    “Knowledge is Power”

Viewing 20 posts - 301 through 320 (of 357 total)