[loressMember@loressJoin Date: 2003Post Count: 21]

October 1, 2003 - 1:39 am

Opportunity is missed by most people because it is dressed in overalls and looks like work.
Thomas Edison

Jen

[loressMember@loressJoin Date: 2003Post Count: 21]

September 30, 2003 - 3:53 am

Kudos to you Steve.

I came across you via ttn, joined this forum and purchased your book (to add to my already stacked shelf!). And last week I had read my last negative post, I thought it a shame that people felt it necessary to condemn and criticize (which just proves that generally those who have the least knowledge have the loudest voices). So I decided that I would not return to the forum (although I thought it a great place to bounce ideas around) I was just sick of reading negative posts. I just dropped back on the off chance that there was something positive to read and well I got something – so again well done, I wish you and Dave every success and in 12 months time when you’ve “helped guide” those lucky 20 or so “mentorees”, well we all know who gets to smile then.

I’ve got most of “the books” and do I agree with every single thing I’ve read NO of course not! You’d be a fool to not add your own values and life experiences to what you learn, which then makes it yours; your own ideas, a little from here, a little from there and WOW what’d you know “idea ownership”, it’s great (read fantabulous) to get a little guidance now and then, but people need to either make a decision “yes I can do it – and do it” or move out of the way ‘cause the trail blazers are coming through. So learn, read, experience, think but most of all DO.

“…anyone who walks in daylight doesn’t stumble because there’s plenty of light from the sun. Walking at night, he might very well stumble because he can’t see where he’s going.”

Keep it up (and I hope you make Truck loads of money!)

Jen

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September 26, 2003 - 7:39 am

Cam

You left out a very important word:

you said:
4. The green house is on the left of the white house.

you should have said:
. The green house is on the immediate left of the white house.

’cause otherwise the answer can also be:
The Dane in the yellow house, who drinks tea and smokes dunhill.

Jen

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September 22, 2003 - 1:10 am

Hi Bongo

Would you mind emailing me some more details please.

Thanks

Jen

loress(at)bigpond.com

[loressMember@loressJoin Date: 2003Post Count: 21]

September 19, 2003 - 7:25 am

I think the bottom has to well and truly be close to falling out of Ipswich. We own an IP (and lived) a couple of suburbs from there and in about ’98 you could buy a “decent-ish” 3br for about 60k and the returns where good. Ipswich (and there are some nice parts) is in general pretty low end-ish stuff – my son was born in the Ipswich Hospital – I was the only one over 30, most were school aged and the only one married (not passing judgements) but it does have its problems with youth and crime. Having said that if someone offered me that same nice 3br in Ipswich for 60k now would I buy it – you bet!

Jen

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September 19, 2003 - 7:19 am

Hallo DJ

I live in an adjoining suburb and land around the Narre Warren/Berwick area is becoming quite scarce, and whilst there are many rentals available (a quick call to any of the RE agents will give you a better idea) I too am considering building an IP out towards Pakenham – cheaper land.

Having said that… Selling the block may be a wiser decision, you may find that the return on the block may put more money in your pocket to purchase already assembled model(s). A block in our street 18 months ago was only 70k and it is now 110k.

Something for you to ponder.

Jen

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September 18, 2003 - 4:40 am

“…Would this add value to the knowledge needed to make property investing, leasing, etc more productive ?”

Excellent question Arty

I’m re-reading Rich Dad at the moment and Robert says “it is not gambling if you know what you’re doing. It is gambling if you’re just throwing money into a deal and praying. The idea in anything is to use your technical knowledge, wisdom and love of the game to cut the odds down to lower the risk. Of course, there is always a risk. It is financial intelligence that improves the odds. Thus, what is risky for one person is less risky to someone else. That is the primary reason I constantly encourage people to invest more in their financial education than in the stock, real estate or other markets. The smarter you are, the better chance you have of beating the odds.”

I have a favourite saying I use in training all the time: “what you don’t know you don’t go looking for” oh and another favourite… “if you need to visit the rest rooms, please make sure you come back” – I’ve got to get out more []

Jen

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September 18, 2003 - 2:29 am

Maybe we could build an add-on to monopoly….,

perhaps some reworking of the tenants agreement is in order to ensure a longer tenancy, even redevelop Old Kent Road & Whitechaple Road into the “new boutique area” levered off the close proximity to Mayfair and Park Avenue, CG will go through the roof; a new picket fence, stainless steel in the kitchen and a must have feature wall… how about getting a group of investors together and making a bid on the Go square; still receive $100 for passing go, but pay a nominal surcharge of 20%, privatise the jail (gotta be money in that) and figure out if Steve’s 11 second rule can be applied to the purchase of the community chests! As for winning $50 in a beauty contest – charge ‘em an $80 entry fee.

Arty: I want to be the horse! Own it ALL

Jen

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September 16, 2003 - 3:48 am

Hi Graeme

for those out of towners:… Coronet Bay is down towards Phillip Island – I guess its sort of down and to the right (my husband LOVES those driving directions!), (never could figure out that whole North, South thing), but it is as the name suggests on the beach (not much of a beach tho – went diving there years ago and anyone who knows that area and dives, knows its not a place to dive), quite town – there’s really only a couple of shops on the main highway and I don’t know if they are more Grantville than Coronet Bay. Grantville has blocks of land still for sale I think they’re about 10k each – don’t bother looking tho, they’re hidden by tea trees and wayyyyyy off the beaten track.

Not much down there, was a giant outdoor park – Swagmans Hat, but the owners lost it and it was resold (owners 0 / bank 1 / new owners -0) I don’t even know if it is open any more?? Down the road there is a …. can’t think of it, and we always laugh when we drive past, its like an aquarium come emu park with a giant worm out the front, but that is probably more Bass. Mainly farming area, lots and lots of cows, nice veiws of green hills, someone has diversified and gone into the deer farming industry on the main highway too.

Hope that was some help… finally where’s it heading and 55 pct? I don’t think it will ever go backwards, being on the water is generally a safe bet, my guess on the 55pct increase is that they’ve only just caught up to the surrounding areas – but don’t take my word for it – one looked up and saw the bars, the other looked up and saw the stars…

Jen

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September 16, 2003 - 3:36 am

Arty, I think I need more than a band-aid… unless it comes by the metre!…

Jen

“as long as I’m still learning”

[loressMember@loressJoin Date: 2003Post Count: 21]

September 16, 2003 - 2:21 am

Hi Sabina

My advice is to use the net to get an idea of what you’d like buy – look at what you get for your dollar (compare areas) and then hit the pavement.

Here’s an example: we decided on an area to target during the week, spent copious amounts of time online comparing dollar for property, available rentals etc etc… on the weekend we drove to “the area” and although the majority of houses were available online, a lot were not – an up and coming auction for a 50k house with good potential all round.

It’s not sit on your hands type of work, you really need to get out there and work hard, call agents, visit areas, buy books, learn, fall down (get back up again) fall down some more (up again!) and then finally all the hard work pays off.

Good luck.

Jen

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September 16, 2003 - 1:23 am

thanks for the tips Rita, we just dumped our accountant and decided to do it all ourselves… (sounds ominous!), but we should be able to save some extra $$$’s

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September 15, 2003 - 5:45 am

For me it is a comfort level – I grew up in middle… well, low to middle average Australia – never had anything designer – clothes from Kmart and went to public schools (read crappy!) and mum and dad rented most of the time, until they finally got a house (got a divorce) and then had to sell it. So for me it is a security thing and being able to give our children the best we can. So my motivation is namely my children, our son attends a private school and we’ve just booked our daughter in, so perhaps I should add that having the money for the school fees is a BIG motivation.

Jen

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September 15, 2003 - 4:41 am

Loved the one minute millionaire site – some great (and inspirational) reads on the articles page – will pick the book up this weekend.

Now will have to work on my affirmations:

I attract highly profitable IP’s
I attract highly profitable IP’s
I attract highly profitable IP’s
I attract highly profitable IP’s
I attract highly profitable IP’s

I will be selected by TT for Steve’s mentoring program
I will be selected by TT for Steve’s mentoring program
I will be selected by TT for Steve’s mentoring program
I will be selected by TT for Steve’s mentoring program
I will be selected by TT for Steve’s mentoring program

… well it can’t hurt []

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September 13, 2003 - 12:32 pm

Luckyone – taht was a gerat raed!

not sure who (I think Edward De Bono) writes about HOW DIFFICULT IT IS TO READ IN UPPER CASE, THAT WE ARE TAUGHT FROM AN EARLY AGE TO READ IN lower case and that, we from about the age (of about nine) don’t actually read but that we do in fact just recognise words – (which is much along the lines of what you wrote), HE ALSO GOES ON TO SAY THAT UPPER CASE WORDS ARE DIFFICULT TO READ AS WE GENERALLY ONLY LIKE TO LOOK AT THE LOWER PART OF THE LETTERS; A GOOD TEST TO EXPLAIN THIS CLEARER is to cover up half of the letters (be they UPPER or lower) with a piece of paper and you will clearly be able to still recognise most of the words in lowercase, however will have little to no chance with the UPPER CASE ONES.

Jen

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September 13, 2003 - 12:19 pm

laugh, laugh, laugh… what funny posts, here’s my two cents…

Subject: Why We Love Kids

NUDITY

I was driving with my three young children one warm summer evening when a woman in the convertible ahead of us stood up and waved. She was stark naked! As I was reeling from the shock, I heard my 5-year-old shout from the back seat, “Mum! That lady isn’t wearing a seat belt!”

HONESTY
My son Zachary, 4, came screaming out of the bathroom to tell me he’d dropped his toothbrush in the toilet. So I fished it out and threw it in the garbage. Zachary stood there thinking for a moment, then ran to my bathroom and came out with my toothbrush. He held it up and said with a charming little smile, “We better throw this one out too then, ’cause it fell in the toilet a few days ago.

POLICE
It was the end of the day when I parked my police van at the station. As I gathered my equipment, my K-9 partner, Jake, was barking, and I saw a little boy staring in at me. “Is that a dog you got back there?” he asked. “It sure is,” I replied. Puzzled, the boy looked at me and then towards the back of the van. Finally he said, “What’d he do?”

[loressMember@loressJoin Date: 2003Post Count: 21]

September 12, 2003 - 12:32 pm

Hi Aussierouge

1. indigo
2. astrid
3. Zoe
4. molly
5. samantha
6. hannah

I think they are all lovely names, having just given birth 6 weeks ago… I have been through the whole name thing over and over and over… I have a beautiful baby girl Alyssa Jordyn, so my advice is probably what you’ve heard lots of times…

1. make sure that you can’t make a word out of her initials eg: Fran Ashley Thomas – ‘cause the whole FAT thing isn’t very flattering, also make sure your last name and the first initial don’t make a word… poor Peter Eanus.
2. make sure her name doesn’t rhyme with anything, we loved the name Hunter for our son, but just couldn’t bear the thought of the taunting on that one
3. finally when your little angel is born, you’re just going to look at her and know – you’ll know what her name is, we ummed and arrrh’d between Alyssa and Alexandra, but when she was born it was easy – let me rephrase that – (it hurt like the clappers)… when she was born – she just was… Alyssa.

Good Luck and have fun (oh, and cherish these last few quite, peaceful nights!)

[loressMember@loressJoin Date: 2003Post Count: 21]

September 12, 2003 - 8:43 am

Hallo!

OK, chalk one more up to IT, I’m in fact an IT Trainer and I only work a couple of days a week so I love it. Actually I’ve just had our second child she’s 6 weeks old, so I get to spend most of my time catching up here during the 2am, 3am and 5am feeds (who said they feed four hourly???). We have 1 IP and I must confess to only putting the rent up 1 month ago… and not wanting to go above our repayments – you know keep it negative… (oops & @#$#!) … so you live and learn – well at least I hope you do. My poor tenants won’t be happy but they’ll have a huge increase in 6 months time (our rent is about 20 a week cheaper than most in the area!). Thanks Steve… if only I’d found you sooner []

Jen

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September 10, 2003 - 8:08 am

Hi! We lived in Brisbane for 5 years and have moved back to Melbourne. We own an IP there about 20k’s out (towards Ipswich). I know how hard this is when you have no idea – we are looking at Tasmania at the moment and don’t know where to start!…

So I thought I would give you a Brisbane to Melbourne comparison (you then can get at least a gauge of what the surrounding suburbs are):

Hamilton area is like Toorak (on the river – big houses)
Milton area is like Footscray some industrial and some housing (hilly, older style)
Cooparoo area is Waverley – 10 years ago (nice standard average homes)
Kedron area is like Glen Iris (nice houses, larger blocks)
The Gap area is like Warrandyte (very treey, older houses)
New Farm area is like Prahran
Eagle Farm area is like Caulfield (has “the” racecourse)
Ipswich area is like Geelong (a separate and smaller city)
Raby Bay is really upmarket million dollar mansions and beach front properties

Hope this helps – or at least points you in a direction.

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September 10, 2003 - 6:59 am

Here’s something to ponder…

My husband and I attended a HK evening chat session (complete with the real life “video Henry”!) and just thought everything that was said made sense, we really connected with the ideas and suggestions. We met with a rep during a break and had a good chat (or was it a grill/integration?) At the end of the session we (along with the room full of people) were offered the chance to attend a 3 day investment seminar in Queensland only $8,000 ish (?? – a couple of years ago now, not sure on the exact amount, but it was in the thousands). Anyway, if we signed up on the night special prices etc etc, so we signed up, gave our credit card details and everything, we were told someone would call us soon to confirm the details. One week went by – nothing, two weeks – nothing, a month still nothing.

Now perhaps I should have called to confirm the booking, but did not. Now in hindsight I am obviously very glad I didn’t and to this date we have still not heard anything from them and no money was ever deducted from our account.

So here (finally) is my ponder point, were we not what HK looks for? My husband and I are both in IT, relatively articulate and with clear investment goals, we already had one investment property and available equity and you know what?… all this information had been extracted by the rep we spoke with – not just a passing conversation?.. so I often ponder just who is it that they target?