A quiz to get you thinking…

Viewing 11 posts - 61 through 71 (of 71 total)

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shaunwalker
Member
@shaunwalker
Join Date: 2003
Post Count: 403
July 9, 2004 - 4:57 am
yes i am
my bid, 350 dollars
Lead, Follow or get out of the bloody way
mikesemple
Member
@mikesemple
Join Date: 2004
Post Count: 9
July 9, 2004 - 5:15 am
Well i will see you there cannot wait to meet everyone as I’m Very new to property Investing and have being doing some research now for a couple of months, Very Keen to get started on my path to financial freedom $375
Mike
Steve McKnight
Keymaster
@stevemcknight
Join Date: 2001
Post Count: 1,763
July 9, 2004 - 10:05 am
Hi Mike,
Congrats – you win!
I’ll get Brent to contact you on Monday.
Cheers and thanks,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********
Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.com
Success comes from doing things differently
melbear
Member
@melbear
Join Date: 2003
Post Count: 2,429
July 9, 2004 - 11:39 am
D’oh. Darn computer – couldn’t logon til now so missed the whole auction thing..[evil5]
Cheers
Mel
shaunwalker
Member
@shaunwalker
Join Date: 2003
Post Count: 403
July 9, 2004 - 11:10 pm
dont worry mel, i would have hit you up for some money anyway!
congrats on the win mike, i ran out of money after buying tickets to the seminar so i had no more money on the credit card
cheers
shaun
Lead, Follow or get out of the bloody way
melbear
Member
@melbear
Join Date: 2003
Post Count: 2,429
July 10, 2004 - 12:10 am
Shaun you should have let me know – we could have gone halves.
You would have got the dedication and the first half of the book, I would get the second. With the mystery gift, we could probably have cut that in half too []
Cheers
Mel
shaunwalker
Member
@shaunwalker
Join Date: 2003
Post Count: 403
July 11, 2004 - 11:45 pm
i was going to hit you up for some money mel, damn i should have called you.
while i’m at it, spammers will have to meet up at the end of the month, for the debrief on the seminar. i will contact you via email.
cheers
shaun
Lead, Follow or get out of the bloody way
mikesemple
Member
@mikesemple
Join Date: 2004
Post Count: 9
July 23, 2004 - 4:27 am
Hi Steve
Brent Hasn’t Contacted Me as Yet. I will Be at the seminar on sunday 25th, should I wait to catch up with you then.
Thanks
Mike
Warrior
Member
@warrior
Join Date: 2004
Post Count: 2
July 24, 2004 - 3:08 am
OK, so I’m a bit late in replying…
But what is the answer, really? I work out the following:
PP: 400 000
+ Costs 20 000
Neg Gear 9 650
Total 429 650
Sell 438 000
-costs 10 950
Tot Sale 427 050
Therefore 429 650 less 427050= 2600 (loss)
do I get the book??
dragons_1908
Member
@dragons_1908
Join Date: 2004
Post Count: 12
July 29, 2004 - 12:22 pm
my answer is is B 28 350
due to the fact that this is an interest only loan so subtract 400,000 from the selling price of 438,000 which leaves you with 38,000.
then subtract 9,650 from 38,000
which will leave you left with 28 350
i dont no if this is right seems abit to easy n obvious plz sum1 let me no if im on the right track ive only jst recently in the last yr got into property
dragons_1908
Member
@dragons_1908
Join Date: 2004
Post Count: 12
July 29, 2004 - 12:29 pm
actaully no my first attempt was wrong i forgot 2.5% selling
my answer is d 17,400
2.5% of 438,000 is 10950
selling price minus original cost is 438,000 – 400 000 = 38,000
38,000 – 10950 = 27 050
this 27 050 minus the negative net annual cash flow of 9 650 = 17 400
therefor mu answer is d 17 400
is this right