Hi,
Just quickly… the 11 Sec solution is not redundent as such.
It remains the basis of my investing approach, yet times have changed as as such the application of the theory must change too.
The revised formula that I work on does not focus solely on yield (as does the 11 Sec), but on the way that annual rent AND rental yield impact the value of properties.
If you can understand the relationship then, when you combine that with an understanding of the broader market, you can spot opportunities and secure a position where you’ll be well poised to capitalise on opportunities.
Cheers,
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
Would you still be making a +ve cashflow from them steve?
Hi,
+ve cashflow remains the cornerstone of my wealth creation as I only invest in things that make money.
Good night,
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
i found the information very usefull. i had alot of “a ha” moments. great to finally meet “gutsby”, minimogul, mortgagehunter etc.
i even found i guy (i dont know his online name) who we are looking into doing joint ventures. Nelson where are you?.
again daves presentation on NZ was ok, though i didnt really get alot out of it, ie why are you paying 30% deposits. it was hinted at tax implications, but what tax implications?
loved the DR Suess book, will have to keep an eye out for it.
mostly it was a great day, and well worth the money.
will speak to you all soon
cheers
shaunLead, Follow or get out of the bloody way
Hi Shaun,
As far as the 70% lends, that is all that many NZ banks will lend when buying in certain towns.
I believe a couple of banks will lend the 80%, but not the ones that I enquired at.
It is to do with RISK.
Perhaps their upfront fees are higher to compensate..??Regards,
Del
Hi all
Jars thanks forthe in depth comments, greatly appreciated.
Was there any talk about Steve’s new book and where the ideas of the book in the seminar ??
also as Del says 70% if ther finance for only what the banks see as high risk areas 99% of NZ the banks will lend at 80%. Makes me think Steve’s was buying in some risky areas ?? not the ones i’d touch.
regards westan
I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database
Hi Westan,
Without giving any of Steve’s surprises away, all I will say is that Steve’s upcoming book is going to be a great read with lots of truth, blood, sweat & tears!
A must read…if I do say so myself![blush2]
Del
Hi del
makes me think perhaps a star investor who knows a bit about asparagus farming might have contributed, maybe i need an autograghed copy from you ? (oops should i delete that? )
regards westan
I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database
Hi All,
My first seminar of Steve’s also. I found it very good value for money, but I would add a qualifier saying the seminar will be completely valueless if I don’t take any action from it!
The main reason I signed up is I was in the position of many people (confirmed by chatting to others at the seminar) of wondering what to do now the boom is over?
I now have the confidence to go forward with what I will call the ‘theory’ Steve outlined, plus the actual real world practical examples provided by the Mappers. Whilst Steve and Dave make making money look very easy, I found the struggle some of the mappers went through helped balance out that perception. They still achieved spectacular results, but you got a sense of their blood, sweat and tears as opposed to Dave’s nonchalent ‘I made a 100K in 5 minutes’ stories [blush2].
Another benefit was definately the rubbing shoulders aspect. Just hopefully making a few contacts and finding out about other people.
Anyhoo, lot’s more information than I could absorb so am thankful we did get notes in the end! I was also impressed by Steve and his sincerity. I had no problem with Dave’s style either and appreciate the time he took to answer a personal question I put to him.
Will see you in Sydney!
Ben
Hi,
Sorry I should have explained myself better… in terms of the 11 sec solution Steve explained it like trying to fit a beta tape into a vhs machine… what worked well in yesterday’s market, might not be so good in today’s market…
Muppet – sorry I meant Australian market.
Monopoly – I’m cold I’m so chilled… you asked a question and I answered it… all the best.
r
Hi Guys,
Very much enjoyed steve’s seminar and meeting many other forumites, yay!,
one thing i really enjoyed about steves seminar was… no talk or anything about cutting up credit cards… (sorry had to get that off my chest), overall personally for me, it seem steve was very clear in locking your profits in now (or taking them) and the velocity of money,
one thing that personally stood out of steve and what i quite like was, there was a similar approach in robert kiyosaki books, yet it was reinforcal to hear that information… and to keep in mind that money follows management…
A Congratulations to all the Mappers!
Cheers,
sisps… and Thanks for the Seminar Steve!
Jars
That was a great review, and they would easily be the same things I got out of it too, with the addition of a few directly relivant bit for our situation.
It was great to catch up with people that have become good friends as well as meeting a few new ones, I thought SIS would be a bit more “preppy looking” and that Chan$ (Jet, Dollars, CHans whoever you are today) would be fatter – go figure! But I also thought Jars was a man so there you go.
I think I need to change my avitar to a chook as I got to hold the babies and got really clucky!!!
One of the other strong messages that came fromthe mappers was to create your own group of investors that meet and help and hold you accountable for your choices and goals.
Thanks, as usual Steve well done.
Cheers
Leigh KPS: Dave I like your presentations and personally I thought you had improved[laugh4]
Thanks Steve
PROFIT = PROBLEM + SOLUTION
Kind regards
Jet Dollars
[Retire Young, Retire Rich]
Share Investing Forum: http://www.aussiestockforums.comMust admit…I got heaps from the Seminar……and finally realised I have been in THE WAITING PLACE too many times and for too long!!!!
Steve and Dave were great…Go Guys Go!!GGG
Hey Guys,
one thing that i do admittly like that Steve said, and what i always love to talk about is the velocity of money…
one thing i really love about the velocity of money and its compounding effect… is trying to imagine the following…
“a cartoon, gold coin character” in a room doing push ups, sit ups, pumping some iron weights…
and then followed by the compound effect of many other “gold coin characters” all in the same gym room, pumping up… lifting and pushing more weights, more push ups and more sit ups…
… just thinking about it, makes you want to invest harder and more smarter…
Cheers,
sisHI all,
being in WA (not only that but Farnorth WA) made it impossible for me to attend, even if I did manage to get a ticket (they apparently sold incredebly quickly).
Anyways, back on track, appart from learning new ideas/tricks aren’t seminars about a change of mind-set (to use a popular fraze)!? I attended a seminar here (it cost me $2500 – waddayathink-o-that) and I came out stary-eyed. I reviewed the notes and recalculated the examples to cement them in my head and started to investigate the local market. Unlike the East, our market isn’t in a down ward turn yet (wont be to long – things are slowing) but it empowered me to talk to REA’s and Banks and home sellers and I didn’t get stuffed around anymore! Suddenly the could do things for me nad the costs suddenly became negotiable, etc,etc. So I’ve been changing my life since about middle of last year, reading tonnes of books (cheaper than seminars) and I joined this forum. My knowledge is constantly growing and we are now going to by a house at good market value; best of all is my wife is over the moon and can’t wait to get into it. Strategies vary, you just need to find your own, and if it’s the right time then I too would attend one of Steve’s seminars!
I think more newbys need to know that $XXX for a seminar is not just about the spakers experience but about a life changing event!Cheers
C@34
Calvin,
I agree that many people attend seminars to develop confidence. I thik this is why so many seminar leaders add a “personal development” component to their seminars these days. The worst one I saw was when Brad Sugars asked his seminar attendees who thought they had the worst life. A young woman got up on stage, said she had no confidence, and thought of herself as really ugly. Brad Sugars made some very cliched comments, and then told her she had a “nice arse” as she left the stage…. I am not sure that if this woman lacked confidence for many years, that BS telling her she had a nice arse would be the panacea to her problems. I also think if people lack confidence, that it is often about challenging it in a long-term way. Paying many thousands for a weekend is, I think, a short-term fix.
I would definitely have gone to Steve’s seminar. I have to say Steve’s offer of a ticket was unexpected and seemed generous to me, and that certainly acted as a lure. I have never been to a seminar- I am not much of a seminar type, I don’t think- it was a cultural, familial way of seeing the world. I learn such a vast amount from Forums such as this one, and from other reading etc, that I tend to see seminars of offering other things to attendees- feelings of collegiality, perhaps, and of a common goal. As for information, I am more of a reader than a person who can sit for long in a room. It’s just a different learning style- but for many others, it suits them entirely.
I think it’s all about what motivates oneself. If seminars work, then lucky you
Re Steve and Dave’s seminar- sounded great, and the Mappers are always sharing their knowledge and experience. Seems like the formula’s there to please the audience.
kay henry
Calvin
You are so right. I have read heaps of books,spent hours reading this forum,but going to a seminar is what I needed to push me into action. I thought Steve was great,so down to earth. And the Mappers,what an inspiration. It was wonderful to be surrounded by like minded people.Hope I can maintain the momentum.
Janine
If you can’t change your life, change your attitude.If you can’t change your life, change your attitude.
Hi LeighK
Thanks for that. Interesting assumptions we make isnt it? Can I say that being a woman in business, has cost me a lot of money, I do wish Id been allowed to vote which sex I was, what a blessed existence!
Jars
My questions are to all who went to Steves Seminar.
One of the strategies with buy and hold is never sell to avoid agent fees and capital gain .
also general concencus seems to be the WA market didn’t have the rises of East Coast and still has room .
I have several properties I have had for some time and have huge capital gains on so selling would be expensive and I believe these still have room to grow.Eg coastal holiday rental with good demand and growing town ,another about to have a huge lake/park complex built just a few hundred metres away across the road .another 300 metres from a complete new marina /canals /beach development . Surely these types of properties should still be held as the market locally looks set to continue on and up .
Any comments please.
Cheers,
Greg
You must be logged in to reply to this topic. If you don't have an account, you can register here.
