[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 30, 2003 - 3:47 am

Hey Powmow,

CONGRATS,

Just remember a few things and obviously you are excited, see i am coming from the point of view that you are getting paid for your advice this….. just make sure its the right advice.

To many specific performance alarms are ringing so basically PROTECT yourself that is via disclaimers and express terms in your contract and make them conditions not warrenties, SEE A LAWYER very important, this is regardless if he is your dads friend, and this isnt a damper but just some things to think of.

and also cmoing form a marketing point of view, the primary concern is the consumers needs, and wants you will need to discuss this with him and this means if he wants 10% R.O.I then thats what he wants…. basically my point is fulfill his needs dont have the attitude of close enough is near enough…… sorry this is sounding negative but again things to think about…

If you want to know anything more about the above feel free to contact me…

[email protected]

[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 29, 2003 - 6:41 am

Hi, i did send you an email but i think i would be a little late… could you tell us if th ticket is still available

regards Josh

[email protected]

[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 28, 2003 - 10:20 am

Hi all,

THis is certantly food for thought, however could you please outline how it works as i have read the article but am unsure how it works….

Regards Josh[]

[email protected]

[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 28, 2003 - 8:52 am

Hi all,

you might get some replies helping you however i offter my services at no cost, just email me with what help you need and i will reply normally that day or call 0433 121 899 i trust that you will call during normal business hours. I dont get anythign out of this so dont htink i am operating on a commision base… i am located in melbourne so if you are too perhaps we could meet and i could guide you through a few stratergies both my own and a number of others dictated from book sand other places i have found…

Regards Josh

[email protected]

[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 28, 2003 - 5:48 am

Hey,

Sure thats fine….

i would expect that..

regards Josh

[email protected]

[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 28, 2003 - 5:23 am

Hey truska,

congratulations on finding theswe properties thats great, hmm cant say im not green but i couldnt have done anythign myself [] but may i ask what area it was i am in no position to buy but i am interested in testing myself to find these properties and never no if i find more i could handball them to you (at no charge of course) its only an excercise i wish to undertake.

Regards Josh

[email protected]

(thats if you wish to email me rather than reply)

[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 27, 2003 - 2:49 pm

Hi all,

a formula i learnt at uni in finance, looked like this

lets start with an example

interest is 6.05% p.a

weekely repayments = .0605/54 = .00116346

term of loan 30 yrs = 1560 payments

so here it goes…

^-1560 = to the power of negative 1560
[1-(1+.00116346)^-1560]/ .00116346
=.8370/.00116346
= 719.4059

then principle of loan (what you borrow)
divided by 719.4059 gives you weekely repayments…

therefore 100000/719.4059 = weekely repayments of
$139.00 a week

if someone would tell me if thats about right!?

[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 27, 2003 - 2:11 pm

Hi all,

This seems to be a very important part that is things to look for…

I believe that its not a matter of picking an area and bang penetrating the market and finding x amoutn fo +ive cashflows, i believe there is an art form as to taking opportunities and changing those to make better situations i would blatently put it as keeping your eyes peeled… i believe and i hate mentioning names but in this case she deserves credit Anita Bell who has a great nifty checklist of what to look for in a property so once you find a property in an area you find your bargaining points and this creating a cash flow positive i think that i would recieve some strict critisism to this but i believe that kiyosaki follows the same euntreprenuer( sorry i am no good at inglish…) skills.

any comments is appreciated

Regards Josh

[email protected]

[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 27, 2003 - 2:00 pm

Hi all,

Hmm all this chat gets my mind going…. i know this sounds silly but the newest thing i found was advertising on you got it toilet seats i used to work at a night club and a drink company wont mention names where doing it and not that im saying buy toilet seats but i am saying that i am interested as to council developments of public toilets… i live sth east of melbs at the beach and the coast line extends for at least 150 km where apon there must be 100’s of toilets now there are a number of new age toilets that play music in them and are all automated, me putting two and two together does anyone know of anything relative to this… i could be stabbin in the dark here but it seems logical and well does anyone think i should persue this further or if anyone has whats there thoughts???

Regards Josh

[email protected]

[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 27, 2003 - 6:01 am

Hi all,

I am not informed of the market in nsw however i have been following vics market via statistical sources, and you are right it is harder to buy a positive cash flow however by implementing the core values form several books you can create a stratergy to find these positive cashflows.

However i think that by only searching in rural areas does restrict you in your search i would look to where the signs indicate to look, and again this is with use of statistical info.

Basically i am just shedding some light that there are +ive cash flow properties but not just in rural areas but in all areas its just thinking outside the square to find wasy of making positive cash flows…

Hope i helped[?][?]

Regards Josh

[email protected]

[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 27, 2003 - 5:45 am

Hey sophie []

Well i agree with alf…

I operate as a finder/spotter myself however i question still in schools logic as far as his method is concerned.If he/she reads this it would be great if still in school emails me at [email protected] regarding your method perhaps if we compare logic we can create a system of finding positive cashflow allmost a template.

Regards Josh

[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 23, 2003 - 4:28 am

Hi all,

hmm signed sealed and delivered means that done and done, however if this guy/gal is nice you might be able to counter offter with the changed terms, depending if the part of the contract you wish to change if it is a warranty(small part) or a condition(BIG part), but do seek legal advice before tryign anything. I doubt he will rescindt he contract if has recieved monies as to get the money back to you it will cost the other partie.

But im not a lawyer so again seek independent advice.

Regards Josh

[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 21, 2003 - 6:55 am

Hi sophie and all,

Welcolm to the forum, im sure you will have millions of questions as i did and im sure everyone else had, some starting advice would be to make good use of the search tool in this forum as if you have a question on something chances are that people have already asked the same question so you may save yourself time and effort by using it.

Oh i am in melbourne to and would be happy to help out as much as i can, i am fairly new aswell however i have learnt a lot in little time.

As far as i know there is no group as such however i may be wrong.

Feel free to email me at [email protected], or call on 0433121899 where in melbourne are you?

[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 21, 2003 - 6:38 am

Hey all,

Residex has alot of information and has releases a new report regarding rental incomes on the eastern side of aus it does come at a price 220 buckaroos, maybe not so bad….

Oh Powmow i am interested in comparing a few things as you and i are in the same situation i.e students, your stding real estate? and you seem to be quite active in the forum anyways, if you want, email me and i will write back with well a few things on my mind….

Regards Josh

[email protected]

0433121899

[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 20, 2003 - 7:54 am

Hi all,

Yeah i figured that i spoke to a few departments and found out they are dealt with via tenders to RE agencies

No good…

Good luck tho!

Regards Josh

[email protected]

[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 20, 2003 - 5:39 am

Hi all,

It was easy enough to find out what the ‘e’ was but how about the others i searched through heaps of vic government sites and couldnt find out who they contract for property auctions…

hmm any help would be great!

Regards Josh

[email protected]

[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 17, 2003 - 5:45 am

hey Powmow

I HEAR YA im only 19 and my parents are my god so ignorrent to the fact that thier son could teach them a thing or too. As far as finance is concerned i have posted severel times regarding this and spoken to some mortage brokers to no avail, the main points drawn out of the conversations are saving plans for at least six months prior to try and get finance, also employment history needs to b up to 2 yrs i heard and must be AT LEAST part time this excludes casual….

Maybe we could joing together i too am studying and JUST finished exams so time is plentifull but money is not ha ha damn…. but a very kind person said that if you have the time then try and appeal to those with the money by charging a finders fee around around 2% then you may have enough for a deposit and then by that time you may have some job experiance and a savings plan!

Regards Josh

Feel free to call or email

[email protected]
0433 121 899

[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 16, 2003 - 7:57 am

Hi all

I myself have not got any first hand experiance of offering but there are i believe a number of factors.

1) Is the sellers motivation allready covered before..

2) Costs to bring it up to scratch also covered before.

but… finally i think there needs to be a more formal system as far as an offter goes , i believe you will find this I HATE ENDORSING products but with steves lemon pack i think its called that but it guides you through all the steps of buying well worht the 60 bucks as i have heard echoed throughout the forum.

You can find it at https://www.propertyinvesting.com/BuyerBeware

This reffers to due diligance templates.

Hope this helped

Regards Josh…[]

[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 16, 2003 - 7:49 am

Hi all

quote:

---

but lately it seems that “dutch auctions” are in fashion.

---

sorry dutch!?

thanks

regards Josh

[JoshwalyMember@joshwalyJoin Date: 2003Post Count: 39]

October 15, 2003 - 10:15 pm

Hi all,

Is that the lemon pack? the one reffered to in 0 – 130 for about $60

P.S Thanks i was sceptical as there is a great inspection checklist in anita bells property investment book, but it did lack in thenumber department.

Regards Josh