All successful investors have a system that they follow, so you are on the right track to be wanting a system.

But that system is not going be precise and exacting, like a McDonald’s formula… Step 1, 2,3,4 etc and then you are 99.999% guaranteed of getting X.

That’s because ALL investing involves risk and that comes from the fact…[Read more]

You will read a lot about “goin’ down to City Hall and looking up the defaults registers” in many books. But this is an Amercian thing that can’t be done in Australia because of strict privacy laws.

There was a time when a lender would sellup a property and was only interested in getting enough from the sale to clear their problem…[Read more]

Frankston North (The Pines) is hard core housing comm area and during the 1970 had a reputation as a fairly rough and fairly tough area.

Today this is changing and the area is slowly ( read very slowly) being gentrified.

You’ll find the average house is a rock solid concreter that was built by the Housing Commission in a…[Read more]

These days, it seems to have lost it’s appeal despite it still being a great game to play and invaluable learning tool.

My guess is this has happened as part of the normal cycle of any game but also because of the very reasons we see in the posts here –

1) getting harder to…[Read more]

The best person to advise you on this is your accountant… that’s what you pay them for, that’s their area of expertise.

If you dont have an accountant, then maybe it’s time. [exhappy]

Enjoy

John Blackburn
http://www.propertybooks.com.au

There are many books I would recommend – including most of the ones already mentioned – but it’s a bit hard unless we know a bit more about what you already know, what you hope to do etc.

If you want to drop me a line, more than happy to discuss this further with you. [biggrin]

Enjoy

John Blackburn
http://www.propertybooks.com.au

if you do a search on the forum site (use the “forum” menu at the top) you’ll find a small number of posts on them.

enjoy

John Blackburn
http://www.propertybooks.com.au

Good that you have the courage to ask the question in the first place.

You see, many people make the basic mistake of thinking they are experts at everything simply because they can do somethings really well. It’s called false confidence… or sometimes “ego”.

The dilema you face is that you might have the foundations of being a master…[Read more]

Vendor finance is not something “you try”, it’s a commitment on many levels and there is ongoing work to be done ( which you may want to contract out like we do with property management).

So apart from the technical knowledge, there are other aspects of the transaction you need to be aware of.

I would therefore suggest…[Read more]

Only concern is the accuracy of the content.

Easy to load up with good testimonials and there’s no verification those were from actual clients.

Similarly, has potential for flame mails to appear or be censored ( so you dont see the bad ‘uns)

The intent is good. Let’s see how it goes over time.…[Read more]

That is one option.

The prob is one guy would accept as he wants to take his money and run, the other wants to stay.

Still, it’s a good wrap, so it’s just a matter of time to see what happens.

Thank every one.

John Blackburn
http://www.propertybooks.com.au

I’ll go thru some of the responses;

Terry; You could ‘buy them out’ by terminating their contract.

As they are complying with all terms of the agreement, there is no reason to terminate.

Sue: What is the main issue here? the fact that you want out or the fact that they are indecisive?.
Yes, the indecision by one is creating some…[Read more]

I’ve never done a development myself but through my business and personal connenctions, I know they are complex things to do. No doubt you are aware of this yourself.

Don’t let greed (or ego) cloud your decisions by wanting to “do it all”. Even the experts know what to farm out to other experts.

So you have three choices;

1) Start from…[Read more]

He is a professional property investor with residential and commercial holdings in numerous countries around the world that include NZ, USA, Australia and many, many more.

Robert Kiyosaki regards him as one of the smartest property investors he knows, so I guess some might see that as a…[Read more]

Seriously, investing shouldn’t be a casual/ hobby thing, it is a “business” and therefore you need to keep accurate records etc.

Like many things, it’s easy to cut corners but when something goes wrong, then it becomes false economy and a…[Read more]

John Blackburn
http://www.propertybooks.com.au

Explains the process of very well.

John Blackburn
http://www.propertybooks.com.au

When you speak with your Solicitor, don’t do it like most people and ask them to work within their templates.

Rather, tell them what you are wanting to do and your desired outcome, then ask them to draft a doc to that specification.

As they do this, they should come back to you with some “what if” questions so they can cover them in…[Read more]

find a product that has a good commission, buy a domain ($10), set up a single page web site (hosting about $10p/m max), write some long copy, insert the affiliate link and create an adwords campaign.

can be done in a few hours for under $100-.

make $100 per day if you know what you are doing.

then repeat with next…[Read more]

That might mean taking the doc and sitting on a bench for 10 minutes and even making a call to your legal adviser to clarify anything you dont quite understand.

And be sure to record a very…[Read more]

If you are not 100% sure on the numbers in PIA, drop a line to Somerset Fin Services and I’m sure they would be happy to clarify anything.

John Blackburn
http://www.propertybooks.com.au

There are lots of products out there, ranging from the cheap and nasty that are jazzed up spreadsheeets, through to the expensive and complex that require a masters degree to get the input right, let alone understand what the outputs actually mean.

PIA works pretty good and seems to get a good wrap from users.

My suggestion is to work…[Read more]

How to Grow a Multi Million Dollar Property Portfolio -in your spare time
by Michael Yardney

Currently we still have a small number of copies in stock for…[Read more]

Interesting reading on this thread but I must say how very dissapointed I am in some of the comments made… especially as many were made out of ill informed assumptions and an obvious lack of knowing the full story ( facts ).

Why is it that when something of value is built, there are always some waiting in the shadows ever so willing…[Read more]

Whether it’s a house or a car, I’d rather buy direct from the seller than go through an Agent.

And especially so with houses.

You see, when i deal directly with the vendor selling their house, I get a level of co-operation far inexcess of that ever achievable…[Read more]

….those who mock others do so to hide their own deficiencies. [buz2]

[biggrin]

If we use a word often enough in the wrong context it can, over time, change it’s meaning.

I think HERO is one of those words. The marketers have cleverly changed the Sports Star into a Hero.

Here’s a really simple test…

Firstly, let me tell you about Quang…

He is well educated but lived in Cambodia at the wrong time. He knew Pol…[Read more]

He watches your every move and knows if you have been good or bad… so you’d betta watch out, you’d beeta not cry….

If you are really lucky, you might catch a glimpse of him at this event.

Grreg, what happens if you receive counterfeit notes in the wad of cash?

Well, it’s the last man left holding ’em loses.

If you take fake notes to a bank or police or whoever and present them, they confescate them and you dont get any refund!

So even cash can be a risk.

And yes, there are quite a few fake…[Read more]

You could accept them without any fear and when you deposited them into your account, they were regarded as being “clear funds” – like cash.

Today, however, it’s a different story. Deposit a bank cheque and your bank will regard it…[Read more]

1) Where do I get the report which gives me the report of houses sold in that area in last one year (sales history in the suburb)?

You can buy reports from various sources. Go to sites like domain.com.au / realestate.com.au and see the links to various info’ providers.

HOWEVER, if you can hold off for a few weeks, you can do the…[Read more]

1) Nobody here has done it despite all the talk about L/Os
2) Nobody wants to speak about it

[confused2]

Remember, having a heritage listing can often DETRACT from a property value as owners can be limited as to what they can do to and with a place.

It also adds a fair bit of paper work and red tape to things.

But the rule remains… if the price is right, go for it.

1) If you plan to wrap the property, then my suggestion would be to apply the same rules you would use if you had a buyer pick out a house they want you to buy. ( rather than you buy, then then find a buyer )

2) You BUY on a L/O and reassign it to your buyer on a L/O. Guess what. I’d ask my buyer for , say, $2,500 L/O fee up front, which…[Read more]

Uhm are you gonna mark our posts now and hand out reportcards? And are you doing this to try to help people? Well I’m sure you have thought it through (ideally)

Maybe I was just lowballing you too! [upsidedown]

By the way, do you think there is such a person as a realistic idealist? Just a thought!

Enjoy

1) I didn’t know that it was compulsory to accept any offer, let alone a lowball offer.

2) If the reason you are trying to protect somebody against lowballs is because they have found themself in financial difficulty due to gambling, drugs, poor business decision etc, then my bet is more…[Read more]

And by tricking you all into specualting who’s who, you do exactly what the writer wants.

There’s a saying in sales…. create F.U.D. … fear, uncertainty, doubt. Then they will come to you as “the solution”.

If you use your…[Read more]

For some reason the article doesn’t actually mention any names!

In fact, after reading the bit about free intro nights, I thought for a moment ( just one moment )that one of those “spruikers” might be NJ himself because he runs free intro nights in order to help generate revenue via his “accreditted…[Read more]

I didn’t bypass the wrap… it’s actually in there.

Also you didn’t actual state your parents needed ( or wanted) ALL the money from the sale of their house up front. But the pricipals remain the same, just the numbers change.

Enjoy

RULE 1) Look after your parents.

Here’s some “thinking out loud”

Put them into your new unit and sign them up under a life timerental or “licence to occupy” or a wrap with $2-00 per month repts over 300 years or something that ensures they can stay for life and have security they need.

In return, they “sell” you their house on VF terms…[Read more]

It must give you life, not suck it from you.

What does that mean?

Structure your business and develop a strategic plan so the profits and cash flow from your PI business fuel your life goals. (and that includes things like fitness goals, relationship goals,…[Read more]

Here’s a “heads up” on a product…. “pestpatrol”.

From within the industry, I’m told it’s a very, very effective.

http://www.pestpatrol.com.au

I dont use it as so far, I’m pretty free from spam due to implementing some of the tips already posted on this forum.

Good luck.

The question was not about attending their seminars or who I share the table wiht, the question was simply “Can men join the organization as a member?”

Enjoy

JB

Are you sure they are the only properties WBH has on offer or has had over the last 12 mths etc?

Could WBH be turning over a lot more properties “behind the scense” by advertising in other media such as local papers etc?

When you look at a real estate agent’s window, it may or may not be indiciative of the number of…[Read more]

Here’s how…..

I’d find somebody who needed $50-.

I’d lend the $50 to them on 2 conditions that must be rigidly enforced…..

1) They must never repay the money back to ME.
2) When they are in a position to be able to repay the $50- in full, they must find somebody else who needs $50 and lend it to…[Read more]