Forum Replies Created
- Originally posted by wezwaz:
They create an aura and very cleverly tap into a basic human want – to get rich quickly without expending much energy. This is a very strong temptation and we have all felt it at some stage of our lives… We fear missing out on some big secret.[grad]
yes absolutely right, It’s difficult to resist, especially as a green horn… if the gurus are one in thing, they are excellent sales people… they know how to work a crowd… they know how to bring big emotions into the game…
but as we all know a sales persons intentions are not always to the very best for the cutomer [wink]
Originally posted by Geronimo:While I would agree that most property seminars are overpriced, and not value-for-money, if I had the time again I would still have gone to every one.
The reason I say this is the people I was able to meet and network with along the way. I have met some great like-minded people who have become great friends and business partners.
…. and you can’t meet these outside of seminars? it so happens that Pisces just pointed one out [biggrin]… oh and I’m going tonight Pisces [biggrin]… as a matter of fact I’ve been already… check out the attendence list [whistle]
Originally posted by geo:… I think .NET is the way of the future – atleast for the next 5 years. Do you know alot about VB forms secure SQL. …?
OMG [ohno] … you obviously haven’t heard of PHP
Originally posted by Still in School:
any investors out here want to admit, they were once a tenant before..(come on guys, dont hide.. but who here, ones once a tenant..)
seriously what’s to admit, 95% of places are cheaper to rent then buy… why wouldn’t you rent? Until you’ve reached success in my view the only sensible way to buy property is for investment purposes…
The problem I have with gurus is that they sell their seminars at $1000s because they can…. not because it’s good value…
In my eyes you can learn either self-tought through books, forums, failures, etc or coaching, where you get to spend time with a mentor or experienced friend on an ongoing basis.
The seminar belongs to the first category whereby the guru gives you a quick run-down of the system, drops a manual (often their books) in your hand and says “off you go…”, and there you are back to teaching yourself the given techniques.
The difference between the two methods of learning is that first requires a great deal more time, perseverence, courage and street smarts, wheres a mentor can fast track you to success through their guidance.
The only thing the guru seminar offers on top of what you can get from their books is the spark to take action, but this wears off quickly and even this you get out of a book as well.
The guru certainly won’t hold your hand on your first couple of years to get your bearings, so…. no mentor either.
If you want to get your spark attend the free preliminary seminars. I’ve never been to one of these without getting something out of it. These are certainly value for money [exhappy]
anyway… just an opinion
Originally posted by Celivia:I’d also find it interesting to know why people choose NOT to select an avator.
So… digging deep into your mind…is the reason you (and other avatorless people) haven’t chosen an avator because:
*You wanna be mysterious?
*You cannot find the one you wanna be associated with or descibes you?
*You dunno how to get one?
*You don’t have a subconscious?
*Other reason?None of the above… People generally don’t have an avatar because they’re new and not too involved with the forum yet… like me [cap]
Then you spend so much time on the forum you eventually seek to visualise your forum persona… through the avatar… so, um… Pisces, why don’t you have an avatar yet? [blink] [oneeyed]So true, do want to get the Thursday off at least also
Kay if you can seriously and honestly say that if you had a million dollars, you’d continue your job day in day out, then congrats – your getting paid for living your dream. If not, I would say use it as a temporary vehicle on your way to that first million and get out of that job fast!
Another way to look at it: Would you do what you are doing if you were NOT getting paid – at all? Hmm…? All those long hours just out the kindness of your soul? Maybe not? The reason I ask is because the goal of investing as I understand it, is to put you in the position to arrange your time which ever way you please, even if the work itself doesn’t make you money.
And a note on working… Unless you’re born with a million I think getting it requires a lot of very hard work, more so than a job. As far as I’m aware ivesting in the early stages is certainly not cocktails at the beach. The idea is to work harder and especially smarter now for that more relaxed life-style in the near future.
my 2c
hi aaron,
sorry, don’t quite understand… how do you then work out contractually to pay the remaining 20% to the owner. Will you own (and occupy, derive income from) the house in the interim?
Also if you’re making the move (and ask vendor finance) I presume you’d have to be searching for a loooong time to find someone willing to do it(?), or is a considerable number of vendors open to this idea?
thanks
Hmm… have to answer my own questions again…
either that or CBD units aren’t all too popular [blink]well, this is what I’ve got so far…
1) after the 99 year lease the lease gets extended
2) so investment should keep rising in value like any other property
3) oftern buildings last more than a 100 years, it’s generally the interior that gets renovated
4) not sure yet, I know that 10 – 20 years is considered old, but there are apartment buildings over 100 years in Sydney CBD
5) not sure yetinfo from real estate agent so don’t know how reliable… someone with real-life experince could help out here [cap]
probably wouldn’t sell either…
however if you must I would have thought Jenman would be the authority in this area, so it seems you’re on the right track…
Hi Ab,
also welcome to the forum.
Yes that’s the 11 second rule and you’ve pointed out a quicker method of calculating it.
Of course this should NOT be your only factor in deciding on a property. Steve makes a point of this in the book. It is just a very first step to sort the possibly good from the bad. Once you’ve narrowed down your choices that’s when the due diligence process (the real fun
) begins.couldn’t agree more…
1) planning and action = success
2) planning but no action = no success
however
3) action but no planning = success (with persistance)underlines the importance of taking action
good luck julie… and welcome
why speculate anyway?… just too many factors… a fall or rise should be considered in your strategy
for first home buyers… no stamp duty is a major saving though… there is little more than the deposit left to pay considering the $7000 grant also
glad I waited a little [biggrin]
oops… investors forum… *runs away and hides*
I know……… herpes
… hmmHi,
dont have any knowlege of the house or area. Looks like you have a solid due diligence process in place, which in my view is step 2 (finetuning/ researching the deal).
The easy way (step 1) I would decide on whether I knew it is a GOOD deal is do the following:
1) Have selected this area as best of at least 10 other areas (potential for cg, rental income, etc, what ever your critera are)
2) Select this property as the one with the highest yield/cg out of at least 10 in the same, similar, closest area.
3) determine whether it meets minimum personal requirements (eg. if -cf no more than $100 p/week out of pocket, etc)I think 10 would be the minimum? A good deal is a GOOD deal because it is better than (all) other deals, is it not? Have not bought any IPs yet, so just theory.
Originally posted by Rugbyfan:I have never put one on a property, always borrowed 100% plus costs. You can still find an occasional +ve CF properties with high enough yields (15 – 16%) to support 105% borrowings.
You would have to have considerable equity or savings to get a 100%+ loan, no? Or is it the positive income alone? Pointers on how ot get such a loan would be very much appreciated.
suppose you have to work out the numbers to tell you which saves you money… if trading is the way to go you could get a company if you fall into the above 30% bracket – as pisces mentioned
