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Oh Kristine, That's really horrible. What a shocking betrayal of trust - and how utterly stupid of him!! It would indeed be difficult to be a match for someone who "knows how to be charming and pleasant, a willing worker, bright eyed and bushy tailed. I showed him trust and respect and...

Nick, Thanks for this suggestion, I really appreciate it. But I don't think it's going to be possible. The 2 parties involved in the company don't want to be in business together at all. It's a real object lesson in fact in the supreme importance of defining & documenting the exit strategy...

Please don't jump to conclusions, NDS. You are assuming that my statement 'sat through 1/2 an evening with Henry Kaye' is the only experience. Incorrect assumption. I've been to a number of evening events (before the 1/2 referred to), and have direct experience of several people who have...

Hmmm... are you definitely sure about that? I'd want to be reasonably certain that you'll actually get to keep the FHOG if they skip after 1 day... The reason Rick insists on a minimum dep of $5K is to cover his costs in case they default. I do think I'd look closely at your exit strategy...

Your deal, you get to decide, surely? Some wrappers refuse to allow payouts within, say, 2 or 3 years. You decide. Options: * write up contract so rate = %x, say 2.5% above an agreed benchmark (eg, NAB published variable rate). Then if NAB raises rates to say 6.75, their rate goes to...

Advice to self 10 years agaO? 1. First, last, foremost: Educate yourself financially, friend. Read some good books, it's not really difficult, get to know the basics and understand how this money stuff works!! Learn, learn, learn so you can work smarter, not harder. 2. Spend less...

Renzent: Oh, they should, should they? There's no such thing as 'gaining knowledge at no cost'. There is always a cost - in energy and/or time, if not in actual money. You gets what you pays for. Time is valuable. Mine is! It is NOT a free resource to be squandered. When someone...

Will they usually be just as lucrative ? Key factors are the end sale value, the number of properties you can get on the block. Multiply # of properties times sales cost = total project value (never mind whether you sell them or not). Now subtract costs - to get planning, to build. If you...

Thanks for suggestions & input, all, much appreciated. Think it's stuffed though (that's a technical term for down the gurgler). At least 1 shareholder will change, as the 2 parties in original company are parting company, which means that if my partner kept it, the company would both change...

Chocolate!!! I can't believe I left out chocolate. Go, Tony! :p A man who understands the importance of chocolate will do very well in life!! Pizza... must be good pizza.

Hmm... and I guess you'd be in heaven with a a pretty lady in a swimsuit... offering you a fabulous property deal?? Or owning fabulous property? Or a fabulous property owned by a PLiaS?? I'd better stop before I get to the property in a swimsuit.

I agree Felicity. It's a numbers game (sometimes I have to remind myself of that), so even if 10 say no, if a couple say yes, it makes it worth the effort! Haven't done it myself, but I've heard other people say they've done it. One guy does the 'I can give you this much now, or more if...

I like the thinking too. The 2 flaws I see at the moment are: 1. difficulty in buying IP in the first place without personal guarantees. Banks/financial institutions etc. hate dealing with an entity that hasn't been going for at least 2 years (as something like 80% of businesses fail...

As NigelW says, there's nothing new about mezzanine finance. It's been used in the corporate and institutional sectors for a long time. Most medium and large developers will be thoroughly aware of mezzanine finance, and its uses. Yes, it's very useful to them. Yes, there's a place for it...

So... she has no money and is going to make a million in the next, um 9 months? Really? Do tell ...how? :confused:

Mark, Well said - agree with you strongly and couldn't have said it better myself. Things *do* wander off topic at times, just as they do in conversation. Sometimes this is good, sometimes it's bad and sometimes it's irritating... and sometimes it is fascinating (kinda like life really)...

Rats. Thanks, Mojo. Thought this was the case somehow - I did know some people who *had* carried forward losses in a company, and then offset them against future profits, but they were essentially carrying on the same business. Oh well, nice idea.

Does anyone know if it's possible to carry forward substantial losses made in a Pty Ltd company, where the business operations of the company changes substantially? A partner has been involved in an unsuccessful company which has made substantial losses (don't ask). Partner thinks it could...

Yup, you're oh so correct about the conversion rate being in direct proportion... they've tested it & measured it & know it works... Though you forgot to mention 'paying leads' in the hooks. That's the one where NII/HK pays people (I forget whether it was $250 or $300) to give him qualified...

Multi-level Marketing? Sure is. A nifty little variation on the same. I sat through 1/2 an evening with Henry Kaye (invited by a friend I didn't want to let down, while he explained the concept - got tired of it 1/2 way through). Basically, he's worked out that it's worth it to *pay*...