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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Remember that success comes from doing things differently.
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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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Remember that success comes from doing things differently.
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Pinky,

This a perfect opportunity for me to react to your aggressive attitude with cheap point scoring so instead I’m going to do something different… I’m going to try and help you.

Based on this and other posts you seem to have some serious limiting beliefs, including making the conclusion that the strategy I use only worked 3 years ago. I have trouble reconciling this as I continue to buy properties on the same basis, and I know many others are too.

What you seem to be indicating is that you can’t replicate it. I have addressed this exact issue in a recent post (I can’t do it therefore…).

Indeed, I’ve purchased about 60 properties in the last four months that are all consistent with the approach put forward in the book.

You see, investing in the way that I put forward isn’t easy and I can understand that people would give up when finding deals is becoming harder and harder.

Still, I’d urge you to remember the opportunity comes by solving problems, not buying solutions.

Furthermore, if I couldn’t make money using my strategy in property then I’d look elsewhere.

Pinky, if only you could turn your passion into property rather than making a campaign against a resource and people that exist to help you – not shout you down. I have no doubt you’d be an outstanding success.

Now, as for the $990 price tag. I’m certain that the people attending will receive far more value for money as I share exactly what I’m doing right now to maximise my cashflow while also minimising my liability.

Attendees have the option of judging the value of the information for themselves as they can stay until morning tea, then, if they want to leave, enjoy a 100% refund.

Sounds fair to me – and I’d only offer what I thought was fair.

In fact, I’m pretty resolved on this. I’ve spent tens of thousands of dollars on my education – in seminars and financial mistakes. I wish I could have attended my seminar back in 1999… I would have paid much, much more.

Still, there is an element of risk in paying $990 for a seminar. I can’t eliminate this, all I can do is reassure you that the feedback from prior events has been outstandingly positive.

However, you seem to struggle with it again because of some (limiting) belief where you want or need justification.

Now, as for changing your details. The software will not allow this and for you to continue as a member. To that extent, I can remove you from the database, but your posts, stars etc. remain. It’s your call, what do you want me to do?

As for people staying or leaving… that’s up to the individual. If they want help then this forum, website, products and seminars are a resource to draw upon.

If not, then so be it.

If this was your last post then I wish you every success with your investing future.

Upwards and onwards for us all.

Bye,

Steve McKnight

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Hi Muppet,

Thanks for your comments.

Yes – it’s been high time that the forums were tightened up.

I had been holding off until the new forums went live, but sadly this has been quite a saga that might still be a month + away.

While I don’t always have the time to post, I’m here many times a day reading and moderating behind the scenes.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Well said.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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