wealth4life.com replied to the topic Property bust not here yet … worse to come in the forum General Property 16 years, 11 months ago
Hello ErikH,Investments in the Gold Coast are being hit hard … too many spruckers still today selling NEGATIVE geared investment properties in LOW quality areas … our advise to clients is stay away from the GC.1 Walk to shops2 300 meters to a train station3 Easy flat walk to a bus stop4 Land area must be 700 sq/m +5 Do not buy from a finance…[Read more]
wealth4life.com replied to the topic WARNING: Investors with property in mining areas… in the forum General Property 16 years, 11 months ago
Thanks Crashy,Some people have seen my posts as negative in some areas and that is not my intentions, I have been through this before in the 90's and now the market is turning and people will need help.The most common fault is in determining the difference between an ASSET and a LIABILITY … it's funny as I re read all the rich dad books over…[Read more]
wealth4life.com replied to the topic WARNING: Investors with property in mining areas… in the forum General Property 16 years, 11 months ago
Just another angle Steve …What is your advise to students on this site that have bought in such towns that will lose their tenants and won't be able to replace them at all … these properties could drop in value by 70% or more … and create negative equity.D
wealth4life.com replied to the topic WARNING: Investors with property in mining areas… in the forum General Property 16 years, 11 months ago
Yes Steve I agree,I warned this in my posts over the last few months and had personal experience myself of rental properties in towns like Proserpine … when this market turns it will be ugly … we had talks with our overseas advisores today who predicted that there will be a market rally up until June then the mother of a global re correction…[Read more]
wealth4life.com replied to the topic Property bust not here yet … worse to come in the forum General Property 16 years, 11 months ago
Well hello gmh454 and happy 2009 …I am going to make my prediction …We will hold together up until the end of the financial year then all hell could break through …We are behind the overseas markets by at least 4 months and we have not had the full effect from the China down turn yet …This recession/depression is like none other and is…[Read more]
wealth4life.com replied to the topic Property bust not here yet … worse to come in the forum General Property 17 years ago
It's interesting reading back on our comments,China may now go into recession.Petrol under 90c go figure that one.Interest rates under 5% go figure … butAustralia will hit 100 billion in credit debt … this is not good.Bank credit will tighten further.D … merry xmas
wealth4life.com replied to the topic Property Myth in the forum General Property 17 years ago
Hi GMH and merry xmas,I read an article in a Londan paper last week written by a prominant global notary,He said for the first time since he can remember he and all of his very influential friends are unable to make any preditions for the short or long term other than there is far worse to come …Scary … this is global folks not local ……[Read more]
wealth4life.com replied to the topic Are Mining Towns a safe investment ? in the forum General Property 17 years ago
Hello Albert again,I don't think anybody in this country can say what is happening and where this is going.Forget about foretasted growth … none of these stats predicted a depression worse than the 30's Look at the truth around the world Albert, all of our research docs from the last 3 years is out the window.The future is about low debt and no…[Read more]
wealth4life.com replied to the topic Developer panics as FEAR sets in in the forum General Property 17 years ago
Hello no I didn't get the deal however several other deals in small commercial came along showing better returns,Isn't it funny looking back on predictions and so far this year I am on the money except for the petrol and interest rates … what a back flip.I am a specialist researcher as some of you know … I believe that there is worse to come…[Read more]
wealth4life.com replied to the topic Sydney areas with high reposession rates in the forum General Property 17 years ago
Buy in gloom sell in boom … Hello nothing new here …D
wealth4life.com replied to the topic what makes areas valuable for developers in the forum General Property 17 years ago
Profit … D
wealth4life.com replied to the topic Developer panics as FEAR sets in in the forum General Property 17 years ago
Location … Furnished … short stay … motel leaese back … there is lots of reasons why this is so positive but most of all >>> location, location, location. IMHOD
wealth4life.com replied to the topic What Financial Crisis? in the forum General Property 17 years ago
He can only advise you on what limited information he has available to him at that time … is he smart or did he say something smart … lets see if he's wright or wrong 90 days from from now??D
wealth4life.com replied to the topic Seminar – Mark Rolton in the forum Creative Investing 17 years ago
Hi Matt and sorry 4 the delay,Yes there are so many like you who are tall poppies but that is what what Australia is all about, right? …Yes I attended the last seminar … oh my god I am sooo guilty.Yes I am entering into some option deals … You wouldn't believe it but we just optioned the last of an unsold development of 50 lots from a…[Read more]
wealth4life.com replied to the topic Seminar – Mark Rolton in the forum Creative Investing 17 years, 1 month ago
Hello all,You can buy a Mercedes Benz and have problems, we have …We have done Marks course and other stuff and yes it is expensive but his deals are real.Within "options" are several opportunities to prosper, I attended (we) last year and connected with several intelligent people (solicitors and bankers) and out of that connection at "Marks"…[Read more]
wealth4life.com replied to the topic Property bust not here yet … worse to come in the forum General Property 17 years, 2 months ago
Thanks Harb … actually worse and I'm embarrassed to admit it …I locked in with Citibank on a fantastic rate of 9.14% for 2 years wow what a deal … I just received a letter today that they put the rate up to 9.26% and I'm fuming !!! … I'm on the line now waiting so will definitely refinance with another lender as long as I can get my…[Read more]
wealth4life.com replied to the topic Property bust not here yet … worse to come in the forum General Property 17 years, 2 months ago
Hi Bardon,And another stat I read was that the CBD of Brisbane up to 2.6km from the city is the No. 1 area to invest for long term profits … I am now only investing into high quality investments and holding for the long term … all our SMS is going into quality property, sorry all you financial planners I would rather own a 1 bedroom investment…[Read more]
wealth4life.com replied to the topic 18 months more pain before the gain. in the forum General Property 17 years, 2 months ago
Yes and hello KYAn old but true saying … the definition of an economist is some body who can read the past …Kevin Rudd has now guaranteed saying for the next 3 THREE years … if you read into that are they saying we are in for 3 more hard years ?????????D
wealth4life.com replied to the topic Australian Recession ?? in the forum General Property 17 years, 2 months ago
Yes and the other interesting thing I was thinking about over the weekend while watching and listening to all the news from around the world is this …We have been trusting CEOs and other high paying executives who are running public listed companies earning MILLIONS of dollars a year playing with OUR money and superannuation funds money.MOST of…[Read more]
wealth4life.com replied to the topic Australian Recession ?? in the forum General Property 17 years, 2 months ago
Hi Don,Thats easy because you and I like so many other people here are in the business and derive an income from finance, real estate sales, construction, renovation or coaching so we need to keep pepping up or future clients.The secret is not the BAD news or the GOOD news … what people need to hear is the TRUTH.Making money in real estate is…[Read more]
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