[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

October 10, 2010 - 2:17 am

Hi Grant,

Not sure if you are still interested, but I have listed my copy of the MasterClassStarter: How to go from 0 to 5 properties on E-bay

http://cgi.ebay.com.au/MasterClass-Starter-Steve-Mcknight-/260675899714?pt=AU_Business_Industrial_Courses_Educational_Services&hash=item3cb17e9142

Starting bid price is $100, and duration is 7 days

Kind Regards,

Kong

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

October 10, 2010 - 2:16 am

Hi MooseAndy,

Not sure if you are still interested, but I have listed my copy of the MasterClassStarter: How to go from 0 to 5 properties on E-bay

http://cgi.ebay.com.au/MasterClass-Starter-Steve-Mcknight-/260675899714?pt=AU_Business_Industrial_Courses_Educational_Services&hash=item3cb17e9142

Starting bid price is $100, and duration is 7 days

Kind Regards,

Kong

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

October 10, 2010 - 2:11 am

Hey guys,

If anyone is interested in buying my MasterClass Starter: How to go from 0 to 5 properties, I've listed it on E-bay. This is my first time listing anything via E-Bay so feel free to message me if you've noticed I've done anything wrong

http://cgi.ebay.com.au/MasterClass-Starter-Steve-Mcknight-/260675899714?pt=AU_Business_Industrial_Courses_Educational_Services&hash=item3cb17e9142

Starting bid is $100
Duration is 7 days

Let the bidding wars commence!

Kong

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

October 5, 2010 - 11:21 pm

haha…

its good to see that there are likeminded people around

in my view Gold and Silver are the best investment of this decade

yourmoney.com.au showed that whilst the All Ordinaries index returned 49% and Australian homes returned 127% in the last 10 years, Gold returned 284%! (And still has a long way to go)

I might be wrong, but I think Gold will reach $1,500-2,000 next year, and eventually reach 1:1 ratio with the Dow

And Silver will outperform gold, as the gold:silver ratio is quite high at the moment, and historically has been around 17.5:1

Are you investing in physical silver or Silver mining shares or both? Which companies are you investing in?

I intended to invest heavily in Hecla Mining Company, because of their large portfolio, strong financial management and longetivity… They've been here for over 100 years, and I think they will still be here in the many years to come… However, HL is not available on my E-trade Australia Global share trading account, so I will need to change my plan

As for financing I would opt to go for fixed regardless of whether I am investing in properties, shares or commodities, and I would avoid any consumer debts

Kind Regards,

Kong

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

October 5, 2010 - 11:22 am

i feel the same way as you patriotsoldier

and also believe that this may have something to do with the uncertainty of the global economy.

there is a strong likelihood of another round of 'Quantitative Easing' this November

whether this will mean a stronger economy or weaker economy is debatable…

not sure about what everyone else is doing, but i'm investing heavily in gold and silver

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

September 21, 2010 - 12:12 am

Thanks for the input guys…

Just another question…

My tax accountant mentioned something about only paying tax on 50% of the shares if you hold them for at least 1 year – Does this only apply if it is under my name? Or would this also apply if it is under a separate entity such as a business or discretionary trust?

Also are there any particular online share brokers you would recommend? Most of the companies I would like to invest in are overseas…

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

August 22, 2010 - 7:49 am

G'day Adam,

Thank you for showing your interest and for contacting me

The MasterClass Starter Pack is ideal for beginners interested in investing in properties, and you will definitely get a bang for your buck!

I'm happy to supply you my copy of the Master Class Starter pack, but the only issue I have at the moment is that I am strapped for time, and won't be able to send it to you for another 2-3 weeks

How would you like to go abouts this transaction?

Kong

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

August 20, 2010 - 2:17 pm

G'day Scotty,

Firstly, I'd just like to say welcome to our community!

This is a great place to discuss any issues regarding property investing. Whether you have questions about investment strategies, finances, or legal aspects – this is the place to be! And I'm sure you'll learn quite a lot simply by browsing the forums, and will enjoy your stay here!

Rather than rushing out to buy a property I suggest that you take some time to think about what it is that you ultimately want to achieve from property investing and to invest in your knowledge first. What is your goal? Can you assign a number to it? When do you want to achieve this by? And WHY do you need to achieve this? By being clear on what you want you will then be able to determine what strategy would be best for you, whether it is renovations, buy and holds strategy etc.. Its better to invest a few hundred dollars in your knowledge and advice, than to lose thousands of dollars later down the track.

If you like Steve's books, then you would probably love the 'MasterClass Starter Pack: How to go from 0 to 5 properties', which goes through all the basics you need to know about property investing, from identifying what real estate strategy is best to achieve your financial goals as soon as possible, to financing & accounting, and understanding what drives property prices and how you can ultimately profit from your knowledge.

If you are interested, I can supply you a copy of the MasterClass Starter Pack in excellent condition at a 70% discount i.e. $150 (Postage and handling included)

Regards,

Kong

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

July 28, 2010 - 1:08 pm

lol

lucky you spotted this Terry

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

July 25, 2010 - 11:30 pm

Hi Ricky,

To be honest with you, I do not know about the other cities, and haven't done much research on Australian properties and market – I have mainly been focusing most of my studies on other asset classes such as shares and commodities.

However, if I was interested in the Australian market, I would consider buying reports from http://www.residex.com.au/ – this where a lot of property experts like Steve McKnight, and Dymphna Boholt get their information from.

Warm regards,

Kong

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

July 25, 2010 - 1:02 pm

Hi guys,

I would just like to say thanks for your advice and for your insights about investing in the US

Kong

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

July 25, 2010 - 12:42 pm

Hi Ricky,

I assume you are referring to Steve McKnight's Property Clock from his third book, which illustrates that real estate market moves in cycles of price growth and decline

In my opinion I believe most of the growth has already occurred in Melbourne and that the 9 o'clock phase in Melbourne is ending i.e. there will not be any rapid price growths this year

Hope that helps,

Regards,

Kong

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

July 25, 2010 - 1:21 am

I think it was a brilliant idea to start this post, because it gives the opportunity for like minded people to network with one another

I live in Lake Gardens VIC, which is about 5km from Ballarat CBD 

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

July 15, 2010 - 2:04 am

Hendrick2:

I apologize for being blunt, but I think you are a bit all over the place and aren't 'Focused' enough… On one hand you want to take the passive approach with long-term capital growth, and on the other hand you want to take the short term active approach of flipping properties. I think its best to focus on one thing at a time and to do it really well, instead of spreading yourself out too thin in terms of resources and time, which can be inefficient

In terms of achieving Capital Growth I think it all comes back to the simple law of 'Supply and Demand'

Amongst one of the key factors that affect capital growth is the 'location'

• How close is the property to the CBD? 
• How close it it to areas where there are jobs?
• How close is it to the sea?
• How close is it to shops, schools, hospital?
• How close is it to public transport?
• How close is it to a neighborhood that had boomed?
• Has public/private money been spent on that area?

The other main key factor to consider is the characteristic of the 'property'

• How much land does the property have?
• How many bedrooms and bathrooms does it have?
• How architecturally appealing is it?

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

July 13, 2010 - 4:17 am

Thanks for the update Terry!

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

July 11, 2010 - 2:08 pm

The first book I read by Robert Kiyosaki was 'Rich Dad, Poor Dad', which was highly recommended by a good friend, and ever since then I've had an insatiable hunger for financial education

The book was inspirational, eye opening and taught me many financial lessons that I did not learn at school. Amongst one of the most basic but important lessons I learnt was the difference between an 'Asset' and a 'Liability'

• An 'Asset' is something that puts money in your pocket
• A 'Liability' is something that takes money out of your pocket

If it wasn't for this simple lesson, I'd probably be heavily in debt right now with many loans e.g. sports car, consumer debt, rather than aiming to invest $50,000 in mining stocks before the end of 2011

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

July 9, 2010 - 12:12 pm

The change of prime minister overnight came to me as a shock

Personally I do not have anything against Julia Gillard as being the new prime minister of Australia, but what bothers me is the lack of accountability in our government, and the fact that Kevin Rudd was used as a scape goat

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

July 1, 2010 - 2:52 pm

Hendrick – It's good to see your enthusiasm and that you are willing to not only educate yourself, but to also ask for help and advice. However, before you buy any properties I think it is crucial that you take time to think about what it is you ultimately want to achieve and why you need to achieve this. If you are looking at real estate as a medium for wealth creation do you want cashflow, capital gains, or lump sum cash? And what time frame are you looking at? These questions will ultimately determine the property you should buy

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

May 15, 2010 - 8:55 am

I strongly agree with Steve's comments above, especially about the importance 'spending less than you earn'. Countries such as Greece, Portugal, Spain, and Ireland are in the situation they are in today because they are living beyond their means. Fortunately, these countries can be bailed out, but what happens if the country is too big to bail out? I have a feeling that something of GIGANTIC proportion will occur within the next 7 years, and that there will there will be the biggest transfer of wealth in the history of mankind

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

May 10, 2010 - 8:55 am

This is my first time attending this type of conference and I thoroughly enjoyed it! ^___^

Not only has this event changed my context, but I feel more positive and confident about the future ahead of me. Seeing all the possibilities out there that I never knew existed and seeing how regular people like you and me succeed is simply INSPIRING and EMPOWERING – "I can do it! You can do it! We can all do it!" From this seminar I feel like I have found an inner sense of peace, and although the journey to financial freedom will be a tough one, I know I will succeed and that it is only a matter of 'When'

I would like to thank all the staff, guest speakers and volunteers for making this AMAZING event possible!

P.S. I am also thankful for having the privilege of having Mr Pat Mesiti and Mr Peter Daniels as mentors to guide me in all areas of life, from finances, to health, and relationships