Hi Krazy,
DEFINITELY KEEN! Please look at e-mail I have sent you.
Cheers,
Gatsby.

G’day Investron,
Well done! You obviously used the right tool for the right problem (ie. How can I use property to retire?). I’m a bit of both (cf+ and cf-). End of the day if something works then it’s irrelevant if it’s a placebo or the real thing, it’s the results that count.
Cheers,
Gatsby.

I agree with Steven. Start with the end in mind and work backwards from there. I’m a novice but I’ve learned that structuring, personal saving habits, loan restrictions, personal goals, etc should all be considered. Not just kick backs, discounts, etc. They may cost you far more over the long haul.
Cheers,
Gatsby.

Celivia,
‘GURU’ is the optimum word. I just saw it. I’d be interested if the show did a cohort study similiar to the ‘7 UP’ series on BBC and reinterview those who attended this guy’s seminar/s?
Cheers,
Gatsby.

Dear Karma,
Prop16 is quite correct. They all have given me great suggestions whenever I’ve posted my financial/borrowing problems. Whichever broker you choose anywhere, remember to start with the end in mind and perhaps base your choice on a broker who listens to your ‘exact needs and goals for the present AND FUTURE.’ I had one broker come to my…[Read more]

I’ve just finished ‘The Art of War’ by Sun Tzu. Don’t let the title fool you. It’s philosophies are equally applicable to IP as much as to day to day life. If you do read it you may sense the ‘win:win’ theme that I got out of it.
Cheers,
Gatsby.

Ist IP purchased in 2000 in Melbourne eastern subs for $150k (3 bedroom house). Absolutely no idea what I was doing but got sick of doing the auction circuit after 6 months. Currently valued at $300. Rent was initially $190 per week, currently $220.
2nd IP purchase in inner east of Melbourne also in 2000. 1 bedroom flat. Paid $112 and rented for…[Read more]

Ist IP purchased in 2000 in Melbourne eastern subs for $150k (3 bedroom house). Absolutely no idea what I was doing but got sick of doing the auction circuit after 6 months. Currently valued at $300k. Rent was initially $190 per week, currently $220.
2nd IP purchase in inner east of Melbourne also in 2000. 1 bedroom flat. Paid $112k and rented for…[Read more]

Nice one Geo!

Nice one Geo!

Kay,
The fact you stated that you see property as a fun thing and something that you enjoy will ensure investors like yourself will be well armed for any future changes on the IP landscape because, as a generalisation, if a person enjoys what they do then they will generally do much better at it. This website and others has helped curb my lack of…[Read more]

Dear Celivia and Dani67,
Thank you for taking the time out to reply to my post. Celivia time is more valuable than trying to save a quick buck so I gues I’m trying to reassure myself that I’m doing the right thing for me. I should have paid more time (not money!) by doing my due diligence from the start (re: inspection report). ‘Another lesson’…[Read more]

This might sound odd, especially on a website like this, but I find property investing boring. It conjures up the memories of studying hard for an exam in a subject I have no passion for. I have purchased 2 IP’s over the past 4 years and it was only done to ‘compensate’ begrudgingly for a disability in my life (+ or – CF never even came into it).…[Read more]

Rakky,
Your quote reminds me of what someone once said to me that has always stuck in my head;
“The harder you argue for your limitations,
the more you’ll earn them.”

Redwing,
You’re correct re: your father’s comment. An IQ does improve the more time you sit for one due to the fact of repitition. The more you practis, the better you get. Also the results from an IQ test can vary markedly due to anxiety performance, mood, ability to focus on the day etc. Also IQ tests really just show what you what they want to…[Read more]

Hi Dave,
I felt the same way and have thought in the past about going through one. However it depends on your strategy. Mine is the Steve McKnight principle. I went through the investors club once and after that I realized that it was a great learning curve. There’s no such thing as a free lunch and when you lose out, you’ve only got yourself to…[Read more]

Hi Melbear,
I’ve just purchased ‘Buyer Beware (lol!!) When I get around to playing it I’ll let you know if you like.
Cheers,
Gatsby

Hi Starscreamer,
I think I read a few issues back in the Australian Property Investor mag of someone purchasing or discusing the merits of retirement village units. I work in disability and we have an ever expanding aged population and a far from ‘expanding’ increase of births. If it’s cachflow + and with ABS stats showing that the niche market of…[Read more]

Hi all, just finished watching the show. I thought the point you made Kaye was quite insightful re: lack of sleep, etc. I liked the way of challenging peoples core values but I’ve seen and experieced that before with umpteen freebie seminars. I wasn’t impressed with what I thought (just my opinion) exploiting one girls public confession of feeling…[Read more]

Terry, Simon and Steve. Many thanks for you input and thoughts. I will definetely break with Adelaide bank to see what the best strategy is to follow the + cash flow model. Also I only have $10k in savings so best interest rates unfortunately will be affected as I will have to most likely borrow %100. Cheers.