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  • Profile photo of Property watcherProperty watcher
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    @property-watcher
    Join Date: 2003
    Post Count: 5
    June 21, 2015 - 2:32 pm

    The reason for the $200k will become obvious when you attend the bootcamp. So many that join want to start investing straight away before taking the education – don’t get it at all! You pay $5000 then go ahead on your own?

    For the benefit of those who pay the $5000 and don’t attend OR those who are too impatient to wait then here is the explanation.

    You need both equity and serviceability to keep a portfolio building. If you rely on a rising tide to build your equity then you may be waiting for some time. Once you have used your equity on cashflow deals then you come to a halt.
    $200k will approximately buy 2 deals ( regional ). The game is played like chess. BEFORE you make your first move, know or anticipate your second move. If your first move locks you out then DON’T DO IT. How many so called investors have you seen , sitting on the sidelines because they have run out of equity or serviceability?

    Profile photo of Property watcherProperty watcher
    Participant
    @property-watcher
    Join Date: 2003
    Post Count: 5
    September 13, 2013 - 11:59 pm

    Have you looked at this:

    http://propertyinvestorsystem.com/

    Profile photo of Property watcherProperty watcher
    Participant
    @property-watcher
    Join Date: 2003
    Post Count: 5
    September 13, 2013 - 11:57 pm

    After reading the Consumer Protection press release , all I can say is that the bit about using the events to sell courses could apply to any of the gazzilian spriukers that visit WA. They must surely have looked at these too? So why the special singling out?  Me thinks that a few toes at the Consumer Protection were trod on recently.

    Profile photo of Property watcherProperty watcher
    Participant
    @property-watcher
    Join Date: 2003
    Post Count: 5
    September 13, 2013 - 11:37 pm

    Mining towns = Self Managed Ponzi Scheme.

    Profile photo of Property watcherProperty watcher
    Participant
    @property-watcher
    Join Date: 2003
    Post Count: 5
    September 4, 2013 - 10:23 pm

    Hi Derek,

    I am still not sure about the changes to the granny flat laws. There is a mention of "removing the requirement for the tenant of a granny flat to be a relative" Does this mean that the owner still has to occupy the front property? I have been trying to find something in writing which is understandable and which clearly spells out the rules but have not had much success. I have even written to the minister John Day – he has given me a I'm busy right now reply. Fat chance of getting much back from him!

    can you enlighten me with some information and even some links to the law as it stands now.

    michael

Viewing 5 posts - 1 through 5 (of 5 total)