Not knowing Steve or Dave, Dave may be feeling a bit like the ‘other’ Beatle, Ringo. Gee, that says a lot about my age!
Cheers[
]Hi All
Steve and Dave probably have admin. and other staff working for them so to say they did this alone would be incorrect as well. Theirs is a fulltime business which employs people and uses subcontractors extensively. To attempt this in your spare time (not that they ever said they did)would just never work, not even 20 IP’s would be manageable part-time for one person (would seriously affect your real job). I know that they transitioned into this business. Steve and Dave also did this on the rise to the peak of the cycle. Reproducing this now at or after the peak, would be a lot more difficult. I also agree that we all need to just take some ideas and strategies from others like Steve and Dave and use them to fit our profile, not just duplicate their system “as-is”.I think you’ll find there’s some people on this forum that have done >20 IPs whilst still holding down a full time job.
Rod.
Hi,
Not much I want to say here as people are entitled to their own opinions, except to say:
1. We have an office of 3 – Dave, me and Brent, and with this office we run an accounting business, a web business and all our investment property.
2. Nowhere in the book do I take the entire credit for what I have achieved. I am very deliberate in my praise for Julie and Dave.
And most importantly…
3. Instead of focusing on reasons why you can’t replicate my success, focus on reasons why you can!
Regards,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Steve
Good point about replicating your success (and not necessarily your portfolio or strategy) as well as being positive.All,
I don’t care whether the title “from 0 to 130 properties in 3.5 years” or “from 0 to 130000 properties in 3.5 years” what I care for is the information in the book.
I bought Steve’s book, read half-way through and found it very helpful and interesting.
Kind regards
Chandara
[Keep going, you’re nearly reach the end of financial freedom]What I learn is that building a business with a viable and profitable system is the way to generate cashflow for buying IPs as well as the quickest way to be rich.
You are right there Rod. I for one still have a full-time job as do many others I know.
Enjoy
AD [:0)]
(Andrew)“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved.”
It doesn’t matter what someone else has or hasn’t done.
The real question is whether there is something of value in any of the profferred ideas and whether we can use any of them to increase our bottom line.
The next question we have to ask ourselves is whether we want to theorise and dream or perhaps criticise and condemn or whether we want to take some action and get cracking.
Irrespective of the climate there always have been and always will be opportunities.
Buying a property below market value and flipping it is an opportunity.
So is doing a wrap.
So is a buy and hold situation (over time).
So is selling the house you live in and stepping up to a better, dearer, house, thus tapping into and using our existing equity without attracting tax.
(This is the way many builders go about stepping up. They build a house at cost price (possibly
even charging the labour and material to another project), live in it for a while so as to obtain a further increase in value and thence sell it taxfree and repeat the process by building another one etc.)So is getting an option on a property and improving its value by getting a D.A. approved by council and thence flogging the property for a profit.
The real question is whether we are going to continue to procrastinate and wait and see how Steve’s ten disciples he is mentoring will fare over the next twelve months or whether we are going to apply anyone of the above ideas.
Pisces133
Oops, forgot to add the follwoing words at the end of my previous post :
‘RIGHT NOW’
Pisces133
hi everyone!
I started my journey when i was 19. I had a job ( not accountant or property whatever ) and I decided to borrow money from the bank and paid it back for 15 years, instead of paying a rent all my life ( because I had not much ). So I capitalised and when I sold my house 15 years later I had a great capital on my bank account( and no tax to pay). Then I bought another house 4 years ago in cash and still enough in bank and sold it 8 months ago with more then a great capital gain (and no tax to pay). I bought another one ( position, position) a few months ago in cash and guess what? The capital gain for this one is already $$00,000.000 ( and no tax to pay ).Okay it’s been 19 years now since I began my journey but do you guess how much I have capitalised starting with near nothing?
So, do you think I should write books or organize seminars and make a big fortune from people like you or should I just advice you to stop your gossip and stop wasting your time and money, but instead, use your BRAIN and act NOW!!!!HI I”m new to the forum and am still reading through Steve’s new book but I have read with interest this particular extended discussion.
I think that all of us are looking to make more of that elusive passive income and property investing is only one of the ways we can, if done carefully, achieve this. Steve has done a marvellous job personally with his trusty partner and even though his technique may not appeal to all of us, nevertheless, he has inspired us to take another look at this type of investing. We are constantly advised to spread our investments around and not have all our eggs in one basket, so thanks to Steve, I”ll definately be looking at this avenue as well. Investing takes great courage and hopefully skill and Steve’s experiences may help us to avoid some pitfalls.
Whatever each of us decides to do will now at least be influenced by his story which I am finding extremely enjoyable to read. A good laugh as well as informative, a great combination and I have to say to Steve, WELL DONE MATE!!! You give us all hope and there are many out there without any left. I’ll be waiting for book II….
[:X]” Life is a do-it-youself project “
” You are totally unique, just like everyone else “
[8D]
It can also be done in less time ! [
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MichaelOkay everyone,
Steve’s book about how he changed his life and got out of the rat race (yes I have played cashflow by Rk (Rich dad)) was motivational, and it detailed not just in words (because not everyone can stand words) but in numbers as well.
It doesn’t matter how many properties he has now at all, his story is about how they (Steve and Dave) decided that the didn’t like being part of the rat race and that they wanted the opportunity to work the hours that they wanted.
I brought the book for my dad (Father’s day) and I started reading it and I couldn’t put it down.
Thanks Steve for sharing you journey with us and we shouldn’t say that he titled it wrong, he did it in todays society in Australia.[
]Chantell
Depends how you look at it, coz I think the book
is titled OK and I have no problems with it.WOW, I thought I was going to need a toilet break reading that.
It amazes me that we get so caught up in, it can and can’t be done. Well they did do it, so it can. Maybe the property cycle helped them achieve their goals but the thing with cycles is that they keep on going around.
Don’t have a defeatest attitude, believe it is always possible, aim for the moon and land in the stars.
Steve and Dave have their own goals, and I know mine are different to theirs so I have no concerns that I won’t buy or wrap 130 houses in the next 3 years.
Plan your own goals work undettered towards them.
Cheers
Leigh K[]Read, learn, grow but most of all do it.
How about instead of everyone arguing about the little irrelevant bits and pieces of the book ( which unfortunately i haven’t had the opportunity to read) people figure out that the purpose of this forum is to help and assist each other in their quests to be financially independant. Steve’s method wont work for everyone because of differences in house markets but everyone can use bits and pieces of everyones information and a whole lot of steves book if the reviews i have read are accurate to help there own plans for financial independance. Goodluck to everyone with their investing fun and games!
Because i haven’t been able to read the book can some1 give me a quick overview of WRAPS?“if you believe in yourself all things are possible, if you worry about what everyone else thinks you’ll end up going fast in the lane to nowhere!”
The way to learn is to begin.
[8D]
The question I continually ask myself is – “Where is the opportunity right now, that most people are not seeing?” That is what Steve and Dave did.
If the herd are charging into investment properties, then maybe the opportunity lies elsewhere. Where are people not investing, is there a good reason or is it just ‘against the trend’.
We just need to use our grey matter – “the truth is out there”.
Cheers[
]well said brianhc!! i reckon this is what steve was trying to say all along
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