Forum Replies Created
No, it’s imposible to buy positive cashflow property in Australia…
And that “aero-plane” thingamajig will *never* fly! [
]Seriously though… your brain will give you the answers to the questions you ask… A better quality of question may be “*how* do you buy positive cashflow property in Australia?”
Just a thought!
Quasimodo [^]
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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
__________________________________________________Bewdy! [
] Thanks Esskey!BTW, how’s the weather in Quatar at the moment? [
]Quasimodo [^]
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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
__________________________________________________Thanks Everyone!
Oh and FW, yes, I know that in the book Quasimodo doesn’t get Esmarelda but, hey! we’ve never been ones to do things the traditional way (our wedding vows included promises “to adventure together towards our most magnificent and cherished visions”! [
]).Steve – you’re so right regarding always working on making your relationship better. We’ve been very fortunate to have some great role models here (the day after we met we were both scheduled to see John Grey talk! lol!) and we both share a love of never ending improvement in all areas of our lives. I’m of the opinion you can never read too many good books on an important area (if anyone want’s a recomended reading list email me at [email protected]).
I’d particularly recommend “Honey, I want to start my own business” as its the only in depth book I’ve seen that focuses solely on combining your relationship with your financial goals as an entrepreneur/investor. We got it in Canada, but I’m sure you can order it off Amazon (or borrow it from us if you’re in Brisbane!).Thanks again for all the well wishes everyone!
Youse guys are the greatest!
Quasimodo [^]
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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
__________________________________________________A couple of ideas…. if you’re not doing them already!
1) Listening and asking questions: You can’t solve a problem without knowing what it is. If you can find out exactly what the vendors need, when, how and why they need it your chances of finding a unique solution that flies will surely go up.
2) sales – Keep presenting your offer (to the owner or RE agent) confident, friendly, always phrased in the positive (EG “You wouldn’t accept $70,000 would you” is OUT! [
] ). Oh and once again… listen and ask questions!3) Due dilligence – present any information that will back up why your offer is a good one with the offer (eg lower priced sales in the same area, drug users passed out on the lawn… [
] etc), but be honest. Most people can smell used snake oil a mile away…4) incentives – If they have an old dog in the house, offer them a shiny new super dog kennel with the deal! Obviously I’m not being litteral here, but many people tend to respond better to something they can imagine the sight, sound or touch of more than an extra zero on a document.
Good luck!
Quasimodo [^]
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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
__________________________________________________I wouldn’t be even thinking about this until it’s cleared with the ATO Gunner… unless you have one excellent exit strategy! [
]Quasimodo [^]
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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
__________________________________________________Hi Steve…
A couple of points before my suggestions:
1) As someone who worked somewhere [
] promoting John Burley for quite some time, my opinion is that your biggest unique advantage (or USP) is that you know how to do it in AUSTRALIA! I’d get that in somewhere.2) 36 months sounds shorter to me than 3 *years*.
3) You may choose to look at the underlying desire people has (EG retirement, freedom, get to know their kids as they grow up instead of their boss [
] ) rather than the vehicle being used (EG buying X number of houses). To use an old marketing cliche “Sell the sizzle, not the steak!” []With that in mind, a couple of ideas:
Why Don’t You Just Retire Today?
(I’ll show you how to get the choice through common houses that pay you each week –
from someone who bought 130 of them in 36 months!)0 to 130 in 36 months
130 Pay-days a month… and growing!
Shop for a week, Get paid for decades
(how I bought an average of one house a week for 3 years and continue to bank cash from all of them!)Ratrace Escape
(A true story of how we did it in under 3 years, in Australia using the techniques in this book!)Never Have to Work Again
Houses That Make You Money
(I’ll show you how I bought of them 130 in 36 months and you can, too!)Paid While You Sleep
(how to buy as many houses that pay you cash each month as you want!)You Don’t Need A Raise
(How I created the passive cashflow that set me free from work forever in 36 months)A Better Solution Than Negative Gearing
From nothing to 130 cashflow positive houses in 36 months in Australia130 cashflow houses, 36 months, low risk
(Let me show you how to make it happen from someone who did!)I don’t Need a Job Anymore…
Financial Freedom Made Simple
(from an Australian who made it in just a couple of years)How to buy 130 properties that pay you while you sleep.
How to buy secure work-free money in Australia
Hope this helps!
Quasimodo
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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
__________________________________________________By the way Soosh
If you want to talk Steve into adding spell checking to this forum, you “may” [
] want to let him know he can legally download a spell check modification for the forums here…http://forum.snitz.com/forum/topic.asp?TOPIC_ID=43043&SearchTerms=spell,check
Think of it as a get well present! [
]Quasimodo
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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
__________________________________________________If you go to either the finance wraps forum or the John Burley forum, they both keep track of which messages you’ve viewed and which are new. This way, intead of being told that there are new posts somewhere on the purple foldered topic, you can see which ones you actually haven’t read before (eg the last 3 posts on this topic are new).
This is also better than the “Which Posts are new since last logon” method on Snitz as currently if you log on, have time to read two posts and then have to log out, you lose all the other unread messages. (If that makes any sense… [xx(])Other than those minor quibbles… this forum kicks booty! [
]Quasimodo
PS Did any one else notice that the Snitz forum software is FREE?!! [8D] Cool!
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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
__________________________________________________Does anyone know when WG is actually due to go on sale to the general public?
There’s a bundle of dollar notes here with Steve’s name on them… [
]Quasimodo
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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
__________________________________________________Seems to me that if the tennants bought a house they would have to pay their excess water and bottle rental, so why would it be different given that they bought the house on (your) vendor finance?
Personally I’d try and have it included in their contract that they pay it to me and that I pay to the utility companies. That way if they “forget” to pay their rates for years on end that you know about it before the council rate sale sign goes up out front of your investment…[
]Quasimodo
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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
__________________________________________________Dn’t warrie Sueshi…
Wee alll ned a leetle hlp sumtimes! Cood their bee a korelashun beetween baird speling adn massif suksess? Yoo adn Steav bofe seme too bee dooing wel, sew muy noo plahn is too joyn yoos!
Maye yor deels be fabyoolus adn yor speling kreatif!
Kwazeemodoh [
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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
__________________________________________________Beautiful! Just beautiful…. [
]Quasimodo
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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
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I don’t have the mag’s website address handy but should be easy to find. Alternatively buy a copy at a newsagents.[
] http://www.apimagazine.com.au/pages/magazine/software.htmlQuasimodo
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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
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LOL! Happy to help however I can, although there’s many on this board more knowledgable than I!
Many of the fees you mention (water, shire rates, most repairs etc) are actually paid by your tennant buyer if you are doing wraps, helping your return (of both time and money) considerably! [
]
Others (such as strata fees and management fees) can be avoided in other ways. For example most tennant buyers usually dream of owning a *house* of their own, therefore no strata fees. Whilst not being free of work, the fact that wraps are typically tennanted by people with an owner mentality (as opposed to a transient renter mentality) who are resposible for *their* house should mean that management is vastly less. This could mean that you negotiate with a management company for a reduced service and fee, or that you take care of it yourself (either personally or by hiring someone). It seems that most people here use DIY management and so aren’t paying fees.As for insurance… sorry, you’ve stuck with thatone whichever way you go! [xx(] Still, it’s better than not having it! [
]As to why you want to invest, obviously you’ve got some great reasons. Now why do you want a nice portfolio? Income? Prestige? A tax break? (You’ll find why is and always has been my favourite word! [
] )b) Why do you want to break the cycle? Do you want to travel? Spend time with your family? Tell your boss he can take your job and… give it to someone else? [
] Knowing what you want will help you find the best path to get there.finally c) Why [
] do you want the money?Personally my game is to have our kids have full time parents who love what they do (when we have some! [
] ) and to have the freedom to share the best experiences that life has to offer (which to me includes seminars, adventures, visiting distant friends etc) with the people I love.As Steve puts it (loosely paraphrased) you need to be constantly asking, what’s moving me towards my goal and what’s moving me away. Sounds like good advice to me.
All the best
Quasimodo
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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
__________________________________________________Sounds like a great investment to me!
I see the figures being something like this:
every $1 on painting = $4 back at sale
every $1 on cleaning = $6.50 back at sale
every $1 on lawn-mowing = $9 back at sale
every $1 on exorcism = $25,000 back at sale (priests don’t tend to charge much )[]Quasimodo
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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
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]
] Thanks Esskey!
] ). Oh and once again… listen and ask questions!
] etc), but be honest. Most people can smell used snake oil a mile away…
] )
