[MatthewKellyMember@matthewkellyJoin Date: 2002Post Count: 17]

April 7, 2003 - 11:16 pm

How’s about…

“130 not out…Investing in Positive Cashflow Real Estate.”

(Learn how I went from 0 to 130 Positive Cashflow Properties in 3 years!!!)

Regards,
Matt K

[MatthewKellyMember@matthewkellyJoin Date: 2002Post Count: 17]

March 4, 2003 - 10:53 pm

Hey Quentin.

Welcome to the forum. If you are looking to contact someone who maybe interested in partnering you in SE Qld, go to http://www.guerrillarealestate.com.au Stuart O’Neill lives up that way and he maybe someone who you can work with and build your portfolio even more. I saw him a couple of weeks ago and he is very excited about the movement of property in the SE Qld Area.

All the best.[]
Matt

[MatthewKellyMember@matthewkellyJoin Date: 2002Post Count: 17]

February 5, 2003 - 5:16 am

Hello…

I too live in Sydney so let’s just set a date, time etc and go for it! If nothing else it will be good to meet up and hopefully ride off each others positivity and get some momentum going.

I suggest that we all email gracie and then gracie can line up a date and time and we’ll go from there.

Gracie you should have my details by now as I sent them before this post…[]

Matt

[MatthewKellyMember@matthewkellyJoin Date: 2002Post Count: 17]

January 8, 2003 - 1:16 am

Sorry can’t help with choosing builders. I guess my initial thoughts would be to look around the area to see which company is doing the majority of the work, then approach them for a list of clients who you can interview. With regards to quotes, I guess you should go with the number you feel most comfortable but it would be wise to get at least 3 maybe. Once you’re done could you please post your info so we can all gain from the benefit of your research?

Many thanks
Matt

[MatthewKellyMember@matthewkellyJoin Date: 2002Post Count: 17]

January 7, 2003 - 2:41 am

Well I can’t confess to be a professor of knowledge on the subject but I feel that the drought may actually have a positive effect on the property in country regional centres. I guess my reasoning for this is based on the Tape Fast Track. I feel that those in isolated country areas will tend to move more towards regional areas in search for more stability in their work and as a consequence, they’ll also be seeking housing. I don’t believe that this will all happen in a period of 12 months but perhaps more like 2 years etc. This is my thoughts only and I haven’t done indepth research in the area except to keep looking for, and investigating where, the ‘sleeping giants’ are…

Matt

[MatthewKellyMember@matthewkellyJoin Date: 2002Post Count: 17]

December 31, 2002 - 2:53 am

Hey there Go Girl,

On the home page is the section Information resources at the bottom left of the home page. Click on the “How to buy a positive cashflow property…” Order you heart out. Simple. P & H is an extra $10 bucks or so but believe me, I have listened to it at least 4 times, taken notes, typed them up and relistened to add to those notes, and the info on it is absolutely must have. If you want to get started or move on then it’s definately worth double the price + P & H. For example, If you do just one deal following the info from the tape and it’s a wrap with $50 +ive per week, what sort of return is that?

Hope this helps,
Matt[8D]

[MatthewKellyMember@matthewkellyJoin Date: 2002Post Count: 17]

November 26, 2002 - 4:52 am

John,

If you are worried about performance of property manager’s, why not approach them with a contract between you and them based on performance? A little like a Key Performance Indicator (KPI). Perhaps you could have it corresponding to the vacancy factor on your properties. Eg: Say you are prepared to pay 10% for 100% tennancy, 9% for 95% like a sliding scale.

I haven’t done it myself but it just came to me whilst reading your post. Food for thought though. If the agent was serious and committed, then they may be happy to go by it….

Regards.
Matt

[MatthewKellyMember@matthewkellyJoin Date: 2002Post Count: 17]

November 11, 2002 - 10:01 pm

Lance.

Can I just say you are truely a go-getter. Be very proud of your efforts. I can not wait until next year so that we can all listen to you and your partner’s rise in passive income over the last 12 months since you attended the PI seminar. If we look at your returns on your little B/H, your cash on cash is in excess of 100%. Is it any wonder we don’t put our money in the bank???

All the best,
Matt

[MatthewKellyMember@matthewkellyJoin Date: 2002Post Count: 17]

August 8, 2002 - 6:23 am

Hey Wei.

Ouch man . Sorry for your run in with the Agent. Perhaps he should visit the local hospital and get an injection of personality. Chin up brother….

Now, HOW CAN WE GET AROUND THIS??????

Is their ANOTHER real estate agent from another agency who would be interested in acting on your behalf? You would have to check if this was okay, but in a free market place…business is business. You might be able to tie the real estate agent acting on your behalf up with a non-disclosure agreement or something (I’m not a lawyer so someone else might be able to post something about this), and then you could buy the property out from under the nose of the jerk? There maybe an issue regarding commissions etc but why not ask. Perhaps Steve could shed some light on this, maybe he knows him…

Congrats for going for it.
Make a point to go and buy up everything in the marketplace except the stuff that he sells…that would be the ultimate…

Onward and upward…
Your mate.
Matt []

[MatthewKellyMember@matthewkellyJoin Date: 2002Post Count: 17]

August 7, 2002 - 2:50 am

Ian…..

Firstly, never get disillusioned. The mere fact that you are out there looking is a fantastic step in itself. I’m assuming that based on your email that you are looking for properties to buy and hold? Is this your only strategy? Every property in Australia can be positively geared!!!! All you have to do is ask “HOW can this be done”, open your mind.

What about wrapping a property (any for that matter…you just need to know what is your yardstick!) By wrapping a property, or a lease option etc, the property will be positively geared from day 1. Now remember, every state has a different slant on things so you’ll need to get in the ear of people from this board who are active in your area. Let me help you….

1. HEY…EVERYONE OUT THERE! WHO IS ACTIVE IN THE SUNSHINE COAST / HINTERLAND REGION?
2. POST YOUR EMAIL HERE SO IAN CAN CONTACT YOU…

Ian, all you have to do is now contact them (when they post) and offer to buy them a coffee in exchange for some advice / guidance etc.

Your on your way.

All the best, your future is bright.
Go for it!
Matt

[MatthewKellyMember@matthewkellyJoin Date: 2002Post Count: 17]

July 17, 2002 - 5:58 am

Thanks for the feedback monto!

I’ll pass on this info to my friend.

All the best,
catch ya all at Mlb!
Matt []

[MatthewKellyMember@matthewkellyJoin Date: 2002Post Count: 17]

July 16, 2002 - 10:01 pm

Thanks for that Tracey [^]. I see your point however, the gentleman talking to my friend said that there is (believe it or not) people at that end of the income spectrum who can’t get bank finance because they don’t ‘fit inside the parameters of the bank’s lending criteria’. I agree completely with what you’re saying but I posted this for my friend and he will be able to decide whether this is going to be an option for him.

Thanks, anyone else have thoughts / comments?

Regards,
Matt[^] I’ve just learnt how to use those face thingy’s. Quite fun really….

[MatthewKellyMember@matthewkellyJoin Date: 2002Post Count: 17]

June 24, 2002 - 1:01 am

Steve.

It truely is great that you are so commiteed to helping all of us break free of the grind.

Do you see any opportunity to hold 2 or 3 seminars with alternate dates for Syd? I already have plans for November (which include marriage) that will prohibit me from attending.

I guess I could always just fly to Mlb. Bugger it…see you in Mlb.

Matt

[MatthewKellyMember@matthewkellyJoin Date: 2002Post Count: 17]

June 10, 2002 - 5:29 pm

All,

Just thought I would update you….

I called the R/E Agent and enquired re: laundromats. He said he would fax through details etc. A few moments later he called back after I emailed the questions and asked me “Are you for real?” (Bad attitude…) Meaning am I serious about the questions pertaining to the building being included in the purchase price!!! Man, he must have had a bad day because he was ?argumentative!!!!
As we speak he called back and gave me the guys name and phone for one of the Laundromats and said he would find out some more details on the other laundromat.

(Maybe I should send him a copy of the book “How to win friends and influence people”?)

I know this is not a whinning board. Just thought I’d keep ya all posted. This could get very interesting.

Matt

[MatthewKellyMember@matthewkellyJoin Date: 2002Post Count: 17]

June 4, 2002 - 2:18 pm

Steve,

Thanks for the reply. Properties were built prior to 2000. I assumed (you know what they say about assuming!!!) that GST was payable onto these properties after talking with someone close to me who was not as ‘educated’. I have just learnt something very valuable…don’t take advice from people who are not as educated as you are. All they can offer is their OPINION!!! This is free and can also be the most expensive advice one could take. (Perhaps this could be the subject of another article. Get people to write in with stories that have happened to them after they took advice from friends and relatives…)

Regards,
Matt

Man…Thanks Steve. I am now going to call the real estate agent and RE-enquire about these properties.

[MatthewKellyMember@matthewkellyJoin Date: 2002Post Count: 17]

June 3, 2002 - 9:02 am

Hello Post Men and Women.

I have a question that relates to the GST.

I found several properties that met the 11-sec. solution (11s/s), and jumped for joy. One thing I forgot however was the GST component. This thenmade these properties not much fun at all.

My questions is, do you include the GST component onto the purchase price (if not included), prior to doing the 11s/s? Or is there a way whereby you (as an investor) can received some type of credit back for the GST payed on properties purchased? Can you do this via a business?

Your comments please.
Thanks Matt

[MatthewKellyMember@matthewkellyJoin Date: 2002Post Count: 17]

June 3, 2002 - 8:54 am

Quote:

Darren,
What do you mead by Hurt money ?

Darren….

I understand “Hurt Money” to be like a deposit. Say for example $1-2K down on a property you are wrapping for $40K. By doing this, you are re-iterating to the party you are wrapping the property to that they have to take some risks as well.

This is my first post on this forum so apologies if this doesn’t seem at all like the other posts. Driving this puppy is a new skill for me.

All the best. Matt