Forum Replies Created
Hey mini, Hope all is well.
As to facilitator I did attend a few MAP’s to try and encourage the crew but time pressures encroached and I had to step out. I don’t think I ever filled that job description…..(does sound good though[
])As to the leaving en masse thing I hope you didn’t mean me Mini. I think you know that I will always be active in some way with property. I have never been much of a crowd follower and don’t plan to start now. At present I have 22 properties and feel comfortable with that level. I will still buy properties if I see value and I am at present considering 5 more properties. When I said “hold the key” you misinterpreted so I should explain. [
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When I started this journey to freedom I promised myself that I would try all three approaches to wealth creation (Property, shares and business) I am on to step three. I am currently starting up two small businesses and they require about 85% of my investing time so I cannot do property the way I like so I am very cautious not to lose money on deals. I also believe that the type of property I enjoy doing is not suited to the current market so I do not have the smorgasboard I did 2 years ago and therefore it was best time to try small business while the market was less favourable for what I love (N.B. less favourable not unfavourable). Hope that makes sense.As to the mappers. They are wonderful people ….all of them….even the ones no longer with the group.[^] All of them have come to understand themselves and investing better as a result of Steve and Dave and each others influence. To me, that in and of itself is a measure of great success. The number of Zeroes are irrelevant as money is only one measure of growth and the one the world holds dear but we should not. Growth from challenging yourself comes at many better levels than just wealth. [
]I hope this makes sense Mini and all as I don’t want to mislead or offend. I was chatting with Steve last night and as I said to him….Life at present is wonderful. I have a wonderful wife, awesome kids and contentment with a life full of challenges. I have been blessed and am thank God for that. While my main focus may not be on property it is where it should be at present, I am sure of that and that is all I need. I hope to come here more often and chat if you will still have me. [
]I just hope these ramblings make sense and helps other people along the path we are all walking.
[:p]
Enjoy
AD [:0)]
(Andrew)It is good to have an end to journey toward, but it is the journey that matters in the end.
20 B&H
1 Wrap
1 Flip
and over the last year we have sold off others that we reno’ed or cashed in….been a busy 18 months and wanted to cash in some profits. Next year will be busier again I am sure……..[]Enjoy
AD [:0)]
(Andrew)It is good to have an end to journey toward, but it is the journey that matters in the end.
I must say knowing Richmond that he is truly a great guy and keen to help others.[
] If he says something here it would not be without much deliberation. I know there have been many times I wanted to say things but have held back to keep the peace and try and represent the term “Moderator” appropriately. Richo I know does the same. It isn’t always a lot of fun…[]..Keep up the good work Richo.
Cheers all and a Happy New Year…………….Enjoy
AD [:0)]
(Andrew)It is good to have an end to journey toward, but it is the journey that matters in the end.
[
]Agree to some extent Muppet. Can you show me a guaranteeed $35K cap gain. Over what time frame. What if the more negative economists are right and we are in for rain.[}] Prices will drop.[] For me I will choose cashflow over gain but in saying that I have bought a few properties under market and fixed and flicked. Horses for courses. Neither ismore right than the other. []Enjoy
AD [:0)]
(Andrew)It is good to have an end to journey toward, but it is the journey that matters in the end.
Muppet,
IF regions don’t have capital growth does it matter if they pay themselves off in 8-10 years.[]
When I look at any deal I see where the money is right now. On the cashflow deals I have money in my pocket from day one. As to the capital growth thing……well there are no guarantees. I’m no NZ expert but cashflow is cashflow.AS to the W or T thing again the question of CG. If they are tenanted and paying themselves down and provdiing cashflow then that is a good thing. If they are only worth $35K still in 10 years but they have paid themselves off and provide you with $$ every week….isn’t that good ?
Just my thoughts.
Enjoy
AD [:0)]
(Andrew)It is good to have an end to journey toward, but it is the journey that matters in the end.
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]Agree to some extent Muppet. Can you show me a guaranteeed $35K cap gain. Over what time frame. What if the more negative economists are right and we are in for rain.[}
] For me I will choose cashflow over gain but in saying that I have bought a few properties under market and fixed and flicked. Horses for courses. Neither ismore right than the other. [
