Hi Pinky,

Wow – that took a lot of guts! Thanks for doing this – I very much appreciate your sentiments.

Of course, I hold no grudges. But this wasn’t always the case… when I was sacked in Mackay it took a long time for my self confidence to return.

I agree with Leigh that there are no guarantees, but I would hope that your trust in me turns out to be well placed. Only time will tell though.

As for my other concerns, let me just again reiterate that all I ask of people who post on this forum is that they keep it relevant and are respectful of others.

In fact, to be honest, your posts encouraged me to split the forums so that there was an area where people could post opinions without everyone having to read it.

It’s good that we don’t agree on everything. I don’t have all (or perhaps many!) of the answers… but I like to try and help where I can.

Olive branch happily and graciously accepted.

And hey, if you’d like to come back and are happy to moderate on the basis that the rules are the rules (and you are happy to apply them without bias)… then I’d be delighted to beef up your forum rights to moderator status so you can make sure this forum area is fairly maintained.

Cheers,

Steve McKnight

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Hi,

Thanks for the comments of support.

Sometimes I have to shake my head in disbelief (sometimes shock) at the things people write.

I’m never disappoineted though. What people say is indicative of how people act and it’s not too hard to spot those that will be successful from those that will struggle.

But it’s all about a journey rather than an outcome.

As for this forum resource. It’s free, right? Its value is in the way we help each other!

To this extent, all I ever want is for the posts to be relevant and for there to be more helpers than those needing help.

Cheers,

Steve McKnight

P.S. I’ve missed you Leigh!

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Hi,

We are always looking for people who want to help out and act as moderators.

However, what’s required is someone who is happy to enforce the rules, even to the extent that it offends in order to keep this investing forum ticking over.

Anyone who wants to do this – please, help us out!

Drop an e-mail to Brent: [email protected]

The existing moderators do a fantastic and much appreciated job. It’s often a thankless task and sometimes you even get abused… but then every umpire imposing the rules of the game has to cope with that.

Bye,

Steve McKnight

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Hi BrettC,

Thanks for making this post.

I accept that it is getting harder to find positive cashflow properties that what it was back when I started.

But that is not to say it was easy back then either. I think people misunderstand how hard it was… they didn’t just exist on every streetcorner.

No, you had to try and find a property and work a solution so that you were comfortable with the risk.

To this extent, I think the way people are trying to find deals is leading the astray. The key is to seek problems, not solutions. By solving problems with the appropriate strategy then you stand to make money.

Furthermore, you can still stand to gain from capital appreciation too. The important thing to note is that you need to exit strategy rather than holding for the long-ter.

Finally, remember that we are at the tail end of a seller’s market. Things will change as market conditions alter from the current boom.

How to prepare for change and what to look for now and into the future are the main topics of the upcoming seminar.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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[]

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Ah (says Steve with a wry smile)… someone in the 1% of people who will actually use the information given.

Sensational effort!

Now imagine how much other useful tips are in the book just waiting for you to road test.

Cheers,

Steve McKnight

P.S. Thanks for the feedback… it is much appreciated [8D]

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Hi,

Just to clarify…

IMHO, being negative is being overly pessimistic without any suggestions for imporvement.

Being constructively critical is identifying problems and then offering solutions too.

I’d like for this forum to be full of posts of the latter rather then the former.

quote:

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My criticism was about a book that, in my opinion, sells itself on the premise that anyone can become a millionaire, when the truth is only a small percentage will actually go on to be millionaires. It’s about making a shed-load of money based upon a situation that is unrealistic for the majority of those that buy it.

---

You need to make your own conclusions about the book. I remain steadfast in the belief I’m just an ordinary guy who faithfully followed a system through the good and bad times.

I’m in the minority because I didn’t let people telling me that it couldn’t be done stop me from giving it a try.

And in the end, that’s made all the difference.

Cheers,

Steve McKnight

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Hi Christopher,

Thanks for your post. I also saw your other post, but at this stage, to be fair to other similar posts that were edited, I needed to edit yours too as external advertising is not allowed.

But please don’t see this as a put-down.

In fact, I’m greatly encouraged by your post. You have a bright future ahead of you if you can overcome the doubts that will arise when you find it hard to make a start (too youg, not enough money etc.).

Anyway, I think you are on the right track re: finding deals rather than investing in deals yourself. Just start with local people you know or attend local investment seminars to start building your network.

Trading shares might be a place to start… there is a lot of informartion on this topic in your bookstore. Also visit: http://www.marketmad.com

I can’t tell you what to do, but I can say that there are no limits to iniative. Other people may box your mind – but don’t you do it.

Keep researching and make a montly action plan in the following areas:

1. Knowledge
2. Finance
3. Action
4. Relationships

All the best.

Steve McKnight

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Hi,

Positive cashflow most often exists when you solve problems.

You certainly seem to have found a problem, but I’m always cautious when there are structural problems since these can be very expesnive to fix.

The way forward has to be to have a builder do a thorough inspection and provide a written quote for the repairs. You can then use this as a point of leverage to negotiate the price lower.

I’d also definitely get some legal advice about the body corporate issue. The last thing you want is to buy into a war. A good question to ask is ‘why is the vendor selling’?

Finally, be sure that any legal action vests with the owner of the time and does not transfer with title.

Cheers,

Steve McKnight

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Hi,

I strongly disagree with this ‘lowball’ comparision. I use it as a filtering tool, not as an offer tool.

When writing offers you need to work towards a win-win outcome. As such, lowballing, which is usually a win (investor)- lose (vendor) outcome is totally different to the 11 second solution.

Now, as for the claim about small towns… this is more accurate. But when you invest for cashflow, location is secondary to potential income yield and quality of tenant.

We all need to be mindful (me included) that we don’t let prejudice or bias get in the way of spotting a good deal.

Cheers,

Steve McKnight

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