alan_chong5533 replied to the topic Best wealth creation books? in the forum Help Needed! 14 years, 2 months ago
All of Steve's books are excellent. His second book is really good as he takes on the mentoring role and you can use his tools to keep yourself moving.I am reading 'Think and Grow Rich in Property' and it is very good too.Alan
alan_chong5533 replied to the topic Positively Geared Calculation in the forum Finance 14 years, 11 months ago
I wouldn't be factoring in depreciation and tax benefits…because I want to know if it is positive cash flow without depending on the tax system. ie "Does it produce cash flow without me working in a job?"That's where I am coming from. (I learnt this from Steve).Makes sense to me!Alan
alan_chong5533 replied to the topic Arbitrage Sports betting in the forum Heads Up! 14 years, 11 months ago
Arbitrage Sports Betting?What next??That's not investing…that's like some kind of speculating.C'mon.You would be wasting your time.Leave it alone and get back to real estate investing issues!
alan_chong5533 replied to the topic Books by Guru’s – Bibles? BS? or Something in between? in the forum Heads Up! 14 years, 11 months ago
Hi,If I had to recommend one author…it would be Steve.Most thorough, best layout, top information.But ultimately you have to find your own niche. The authors can only tell you what works and what the issues are.What works for each of us…well that's another thing. I remember Steve saying that success in real estatecomes down to the skill of the…[Read more]
alan_chong5533 replied to the topic Positively Geared Calculation in the forum Finance 14 years, 11 months ago
Hi,I think the calc would be:Rental income – mortgage repayments – regular outgoings (council rates, management fees, postage, GST, insurance, repairs and maintenance, any other outgoings)Steve has mentioned that you should ignore depreciation benefits and tax benefits. You want to evaluate the cash flow without these potential tax benefits.I…[Read more]
alan_chong5533 replied to the topic Robert G Allen in the forum Heads Up! 19 years, 8 months ago
Hi,
I agree.
I think Robert G Allen is phenomenal!
If you are put off by highly priced seminars then I recommend you read any book Robert Allen has written..Nothing Down for the 90s, Creating Wealth, The One Minute Millionaire.
He is an educator for the common man. He wants the Average Joe to achieve massive success. In his books he is…[Read more]
alan_chong5533 replied to the topic Robert G Allen in the forum Heads Up! 19 years, 11 months ago
Hi
I went to Robert G Allen’s evening seminar last night. He has lots of property strategies which most people on the forum would be familiar with (ie flips, options, wraps, lease options, conversions, making money on the internet, stock market trading).
You can read his book ‘ Nothing Down for the 90s’ which has good material.
He’s now…[Read more]