1. Investment books – yeah I got a few books at first from the library. This was when I wan’t sure we would really do anything. Our first real endeavour was internet research particularly here.
2. Hmm the Accountant – well this in my opinion can be dangerous. Our first account said we needed a negative geared unit to…[Read more]
Interesting situation, it reminds me of a Robert K story of a property he looked at, agent told him it had been on the market for a number of years because the well was insufficient for the property and hence all other interested parties in the past had backed right off when the agent “sold them out of it” but RK thought to ask a local well…[Read more]
It would seem to me that you are making grand ass umptions about people that you don’t even know. I also attribute my success to what I learnt at Steve live. Had it not been for the $2000 investment that hubby and I made, hubby would never have agreed to invest.
Being that you have never been it is very small minded to cast such…[Read more]
We just had our offer accepted this morning for a new PPOR which is 6% below value and has a second mortgage carried forwaard by vendor for 12 mths which will enable us to pay for part of the house with it’s own equity.
Our goal for this year is 6 buy & holds and maybe some land deals.
I still use the 11 sec rule as my minimum criteria for a property as I invest for cashflow so less is not acceptable … but it is up to each individual as to what their own minimum is if a lower return is acceptable to you then find a way of working out your own rule that helps to guide you.
I think the old adage teach a man to fish … you know the one, it really applies now more than ever and Steve has been trying to do that for a few years now, that is teach investors to find their deals. They aren’t being handed out anymore so now we need to fish.
My friend Del told about a great deal they just bought and I was…[Read more]
It is my understanding that the MAP is well on track and everyone has really up-ed the anti to start producing some really great results.
The MAP was always started as the working project of Steve’s potential next book and hence you can’t expect to have the results plastered all over the forum.
As for updates in TT well maybe they don’t think a…[Read more]
The thing with mailout or web based selling is that people still have to be told about it and hence you have higher costs for advertising. High cost of paying rent for a shop is partially an advertising cost also as it generates walk by sales/traffic.
The web/mailorder gives you a much wider target market.
Well not having a long history in the market place I feel less confident with my speculation but I feel as Westan has said that we have peaked and the price burn has deinately began to subside. I have noticed approximately a 6% decrease in sellers asking prices in the Sydney market as I am looking for a PPOR there.…[Read more]