Recent content by Steve McKnight

Reply: 1 From: Steve McKnight Hi Craig, I'd like to clarify something here... our records show you as attending as someone's guest - and they paid $1,995. Presumably you then went 50:50 with them, which is how you derive your $1,000 figure. Any changes in people attending must be advised...

Reply: 1.1.1.1.1.1.1 From: Steve McKnight Hi, Completing a syndicated deal like the one that you mentioned is on my long-term investing horizon. My very rough plan would be to form a syndicate of about 20 investors all chipping in $100,000 each (ie. $2m) and then go and buy a Bunnings...

From: Steve McKnight Hi, I have been reading with some interest the odd post from time to time about quantity surveyors. I thought I'd add some flesh to the discussion by outlining the role and use of a quantity surveyor and also distinguish between the two types of allowable depreciation...

Reply: 1 From: Steve McKnight Hi, Well - there are lots of things that could be the difference between a good property deal and a lemon. But if I had to pick the biggest factor, I'd have to say that for a wrap or lease option then the physical property isn't your main worry. Rather it's...

From: Steve McKnight Hi, I noticed in the local Melbourne paper link: click here reported that Melbourne property prices rose 20% over the preceding 12 months (presumably Dec. 2000 to Dec. 2001). That's seems quite impressive! But in some ways the way that it was reported in the paper was a...

Good post... Reply: 2.2.1.1.2.1 From: Steve McKnight Ian, Thanks for clearing that up. The issue of implied association is a tricky area. Many so-called gurus are happy to use testimonials (not implying Somersoft in this) and profit from it yet only so long as it advantages them. When...

Reply: 2.2 From: Steve McKnight Michael, What do you want me to say? My information is freely available in a lot of channels and I have not 'gone' anywhere. Quite the opposite and I continue to invest in real estate owning more than 70 +ve properties (and growing). Many people know that I...

From: Steve McKnight Hi, Some time ago I mentioned that I'd take it upon my shoulders to arrange for an insurance product that is wrap specific. For a long time there has been some uncertainty about wraps and insurance. The risk is you wrap a property to a person who would otherwise not...

Reply: 1.1.1.1.1.2 From: Steve McKnight Hello, I've just heard about this post and even though it's 6:30pm on a Sunday night and I'm all sweaty after playing basketball, I wanted to post a reply. I agree that the post is offensive and I'd like to apologise on behalf of Hans. I'll speak with...

Set The Record Straight Reply: 2.2.1.3.2 From: Steve McKnight Wow, This seems to be becoming a long post. Anyway, I just want to say ANY real estate investment idea that earns +ve cashflow without factoring in 'so-called' tax advantages is something I'd support. I seem to be known as the...

Reply To M.G Reply: 2.2.1.1 From: Steve McKnight Hi Michael, When I say Nett, I mean the end cashflow after all expenses but before taxation. I do consider taxation in my calculation - but I don't want to confuse the calculation in the early stages. I'll outline my thoughts on this in my...

Reply To Geoff (Long) Reply: 2.2 From: Steve McKnight Hi Geoff, Thanks for your post. Healthy debate is good for all. Let me try to be a little more specific since I sense you have a few concerns about my post. First let me say that the post was designed to be informative. It seems the...

From: Steve McKnight Hi, As a chartered accountant and successful property investor I have to say I am becoming more and more annoyed at all the hype merchants pushing high-priced property as answer to everyone's wealth dreams. It's time to set the record straight. Who am I? Well, I'm...