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Sorry all but this is my last post. I just recieved a private message and somersoft have said that my posts in this thread have been self promoting. Strange as this thread started asking if anyone knew anything about Open but apparently I'm not able to discuss the topic. (my previous posts...

Hey MTR, please check my post above at 9:19 You should know I started my education company because a close friend lost his life savings in the early 2000's after buying over inflated propety using $400 deposit bonds. Around 3500 people lost collectively around $60m in this scam alone. I love...

Without sounding weird I'm currently in bed so a bit tough but happy to oblige at a later date. My funds management company Open Corp holds an Australian finanacial services lience (AFSL) so rest assured we have external audit committes that ensure we are ASIC and ATO compliant at all times.

No probs. I'm not easily offended. I do know the area and TH product very well in comparison to a raft of other investment options in the Melbourne market so maybe I had a bit more insight than you may have thought. All good.

Rest assured our developement management fee is deductible. It's not an acquisition fee that a BA charges. Shoot me an email if you want clarification from our legal team.

Haven't met fullylucky but I do love a spreadsheet.

What would I know. I must just be a half wit investor. ;)

That's correct Terry. The management fee is deductible.

I'm not sure why you're so aggressive. I'm curious to find out exactly why you think it's rediculous.

What's your thought Leo? How is my advise a Death trap???? I'm interested to hear

If you can find data that shows the growth occurred while she was living in the prop there is no gain. I'd sell it for a number of reasons. High cost to hold. This IP would cost alot to hold out of your back pocket whereas you could hold two properties worth $450k each in a medium ring suburb...

Hey Anisha, Seeing as there are about 9.4m properties to sift through its impossible without using a process of elimination which allows you to find the best IP every time. I developed a system I use called MAP which is Market >Area >property. Knock out the markets that are no good at that...

Hey Coots, Should note our fee ends up being around $2800 after tax deductions, depreciation schedule, prof photos, etc etc. You're more than welcome to pick a letter of the alphabet and we'll give you a clients name with that letter and you can ask about the service and portfolio...

Here's a video I did when in Brisy recently. It shows what's required when investigating an area in a city you don't know. I ended up buying a couple of properties in the northern suburbs to add to the kids portfolio (hopefully they thank me one day). I explain what questions to ask when meeting...

Remember to consider the cost to hold also. Years back my wife and I were considering moving to Elwood. We'd already built a good portfolio so could have easily purchased in the area but decided to rent there instead. Reason being for the same cost of holding a 2bd unit in Elwood valued at...

I'd come back in a bit and go Clyde nth over Cranbourne. Close to Berwick as you can afford. Agree with Red, a bit too much supply when other areas supply is being soaked up. Yman is probably right on the money with Craigeburn. Stockland highlands and Peet Aston are worth a look. Or come in a...

Many thanks for the kind words. Hope you enjoy the book. Let me know how if reads.

Academic. I've been called worse even though my education ended with year 10 metal fab. I'm talking about the population increase when a contract or exploration kicks in. Not the entire population. It's the increased population that causes the prices to rise due to infrastructure needed and...

Property will always outperformed shares due to the power of leveraging OPM. Banks class shares as nearly twice the risk to property. LVR property 90% shares 50%. If you have $50k and invest in shares you enter the market with $100k. Property leveraged means you enter the market with...

Mining towns and even towns with mining and 'other' industries will continue to be boom and bust. If a town gains an additional mining contract regardless if the town has other industry. A large influx of population takes place to establish the infrastructure needed to support the exploration...