[SHoltzMember@sholtzJoin Date: 2011Post Count: 9]

August 28, 2011 - 9:52 am

@henry Adams Im glad that you decided not to go ahead with the purchase of the property in Coomera, if you are looking for another great hotspot in particular in NSW I think you can't go wrong with a property out in the Hunter Region.  There are so much infrastructure and developments planned for that region literally billions of dollars, that you should see great capital growth!

You can get a great 4×2 on a large block for sub $400s and achieve a decent rent over $400 pw.  There is a very low rental vacancy in the area, and constand demand for rental properties.

Food for thought!

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August 28, 2011 - 9:07 am

Hi Guys,

I have been following the growth in the Hunter Region for some time now and would have to agree with "lifestylez" there is so much opportunity for capital growth that I was convinced and hence put a deposit down on a block out in Muswellbrook. 

There are a lot of key indicators that need to be ticked inorder for a area to achieve higher than normal capital growth and I believe Muswellbrook ticks most of those boxes. 

It has huge potential due to mine expansion thus creating more employment opportunities!  There is talk that by 2014 the mines will have to double if not triple their current output to keep up with local and global demand.  However its not only a mining town, there are multiple industries that are also propping up the Hunter, such as tourism, winery, horse breeding, power stations etc etc.

So photo2157 if you are looking at a great investment opportunity in NSW under $400k then you can't go past the Hunter Region in particular Muswellbrook.

I hope this helps….

Cheers!

[SHoltzMember@sholtzJoin Date: 2011Post Count: 9]

August 26, 2011 - 2:23 am

@henry Adams:  I have a hard time understanding why companies like Custodian Wealth Builders and JDL Strategies charge a fee for their properties when its my understanding that they are also receiving a very healthy commission for selling either their property or a property they are promoting from another developer.

Is that commission enough?

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August 25, 2011 - 1:19 pm

Hi Las Vegas,

I met up with some of the guys from Investing for Profit and they have a Chartered Accountant who they recommend called Yuk Wong who is a avid property investor and has about 12 or 14 of his own investment properties it may pay to give him a call.  These guys use him because he is an ex ATO Tax Assessor and also because he is passionate about property and the majority of his clients are property investors.

Not sure what Yuk wongs number is as I have my own accountant in Qld however if you go to http://www.investingforprofit.com.au and drop them a line or give them a call I am sure they would be able to help!

Good Luck!

[SHoltzMember@sholtzJoin Date: 2011Post Count: 9]

August 25, 2011 - 12:36 pm

Hi llori,

The reason they told me why I wasn’t chosen was because they were looking for a diverse range of people and their personal stories from various ages and backgrounds so as the Australian public could easily relate to a particular story. I guess the concept is… “if they can do it and they are in the same position as us, then we can do the same!” And so the person reading it decides to give Investing for Profit a call because they have a proven track record in helping someone else in a similar situation become a property millionaire! Not a bad marketing campaign I say! My story apparently was too similar to someone who was already chosen as a Millionaire Apprentice, and so they decided not to take me on. I did see though in their office a file that had just the Millionaire Applications for just QLD alone and there would have been easily over 200 applications!

Anyway at the end of the day was very happy with the final result!

I would love to let you know everything that was discussed, however I think you would be really doing yourself a dis service by not attending one of their sessions.

There do not charge you for anything and their strategy session is extremely informative, unique and interesting. Compared to other property companies that I have seen I found these guys very down to earth, open and honest without the heavy pressure hard sell! They are lucky they didn’t go down that path as I would have walked straight out of the door!

Give the guys a call, it can’t hurt!

Cheers

Simon Holtz

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August 25, 2011 - 3:46 am

Hi Guys,

I attended a seminar where I saw Stephen Tolley and Cherie Barber speak when he was working for Renovating for Profit company.  It was a free one of course!

I found the two of them to be very genuine and forthcoming with information… so when I saw this new program that he was running in the API mag I thought why not apply!

Unfortunately I was not selected!  however I did get to meet with one of their wealth coaches in QLD.  The meeting was really informative and I did learn a lot… which is not bad considering I am a bit of a seminar junkie! Haha!

The whole essense of the company is to help clients set up a successful property portfolio by selecting properties in high growth capital areas, but reducing the risks involved.  There due diligence on an area is probably the best that I have seen, as I walked out with a report nearly 150 pages thick!  The properties they offer are not their own properties and you can use their finance arm or your own mortgage broker.

Whats in it for Stephen… well the company is relatively new and so he running this campaign I believe as a marketing excercise.  The chosen Millionaire Apprentices will have their own personalised stories and journey documented for all to read.  If the areas that he has selected for clients to invest in are successful then his clients will make a lot of money and in turn it would be great advertising for his business!  If  the area does not perform then his name and business would be mud!

I could be wrong but my understanding is that there are to be 16 apprentices in total not 8.  Is was 8 but changed to 16 something to do with having to fill out the chapters in the book or publisher wanting more substance and more stories!  Who knows … its just a shame I wasn't chosen!

I hope this info helps….

[SHoltzMember@sholtzJoin Date: 2011Post Count: 9]

August 25, 2011 - 2:52 am

Hi Bayer,

I recently attended a one on one strategy session with a wealth coach from Investing for Profit in Queensland.  They have a mentoring program that they are running for free by a guy by the name of Stephen Tolle called the "Millionaire Apprentice Program"  I applied for that program but wasnt successful as there are only a limited number of candidates chosen.  However who knows if you apply…you may have better luck!

I did found the session very informative and suprisingly learnt a lot!  They also offer a lifetime mentoring program available to all of their clients and this program is totally free!

So before you go forking out $10,000 on a mentoring program, I would definitely give these guys a call!

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August 25, 2011 - 2:36 am

A close friend of mine bought a property in Upper Coomera in 2007 and has seen very minimal growth over the past 4 years or so.  She purchased it because she was told about all the massive infrastructure that was going to take place in Coomera area (near the train station)  ie Big Westfields etc  however none of this has happened as yet?

Don't know much about North lakes so couldnt comment on that….

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August 25, 2011 - 2:29 am

Hi Gurjeet,

I have also met with JDL Strategies for an appointment after attending one of their seminars a while back and have to say that I found that the properties they were offering were extremely overpriced!

Its really important to do your own due diligence on property to make sure 1)  You are paying the fair market price and 2) that the property you are purchasing fits the demographic of what people are looking for in that area.  I know of the Coomera area and its main demographic is young families, so purchasing a 2 bedroom townhouse with one bathroom and 1 garage for $435k is the most ridiculously priced property that I have ever heard off!  Don't quote me on this but I am pretty positive that you could pick up a 2 bed townhouse in that area for below $300k easily and many to choose from!

I hope this helps!

Hate seeing innocent people being taken advantage of… need to be wary!