Forum Replies Created
“Serenity now” does not work
Hoochie mama!![biggrin]
May God bless you
and prosper you.
MarcAgree with Lucifer (only about his post not the other one [biggrin]).
Yet considering your age, current occupation and experience, I would narrow down the list offered to only a few.
My first suggestion is to read books on the subject: Rich Dad Poor Dad by R Kiyosaki, and “Think and grow rich” by Napoleon Hill
and below a link to a free e-book “as a man thinketh” by James Allen
http://www.amazon.com/exec/obidos/tg/detail/-/0446677450/102-2029705-4771315?v=glance
http://www.asamanthinketh.net/think.htmYour income never exceeds your personal development. Grow personally and see your income grow with it.
As for a practical way to get you started in your road to success, search for ways to build a business that gives you residual income as opposed to lineal income, (where you trade hours for dollars).
The only practical way I see for you is Network Marketing, unless you have a way with writing books or with producing good inventions.
http://www.kbmweb.com/kiyosaki.htmlYou will be faced with the daunting task of selecting a company out of the hundreds out there.
This book should help you choose the right one: “How to select a Network Marketing Company” by Daren Falter. Free on this link
http://www.internetwealthplanet.com/Falter%20Report/
I wish you all the best, and if you want to pursue this choice further let me know.May God bless you
and prosper you.
Marc…prices are dropping because the greedy thought they were going to make a killing and get rich over night.I only want to answer to the above statement, and not to validity of the market assessment.
Whoever thinks that profits are wrong, that quick profits are even worst, that someone doing it big does so because of greed, if any of you looks with envy the high flyer, waiting with glee for him to fall and start chanting I knew it, that person must reconsider his belief system , because it is not serving him.
Your belief system is what makes you take decisions. If you are convinced rich people are evil doers, you will never go past mediocrity. Your subconscious will make sure you never become such evil success story like all those evil people like Packer, or Gates. I must say that you cannot be in two places at once. You are either a victim, relishing from those stories of greedy people who go down, or a victor that celebrates other people’s success. You choose.
May God bless you
and prosper you.
MarcHey Russ, you are a character!
Piti you dont live around Sydney, we would have some fun together.
MMay God bless you
and prosper you.
MarcDerek, you took the words from my mouth . . .errr. . . .fingertips.
Forums like this one are a temptation to ask questions we would really only ask an accountant or a lawyer. Nothing wrong with asking to get a generic idea we then elaborate in detail with our professional of choice.
It is also true that there are many accountants out there who are Ok with standard employee tax returns that a monkey can do, but when it comes to investments and business dish out poor advice.
If your loss from the sale of your two properties was based on poor or no advise from your accountant, change accountant. Ask for a recommendation to a good accountant in your area, the folks here are very helpful in that regard.
I changed accountant when I realized it was I explaining him what to do, rather than the other way around.
All the best in your endeavors!
May God bless you
and prosper you.
MarcIt is true that 100 properties worth 50k each returning a profit of $50 is better than 10 properties worth 500k returning $500 a week . . .(?)
Perhaps. Depends if everything else is the same may be, but how can everything else be the same?The logic in such reasoning is that you spread the risk, but if you own 100 properties in the same town, and the local mill closes down, you are in some serious trouble.
Another reasoning is that the lower the price the higher the return, since the rent is not directly proportional to the price. This one is true but another truth is that the higher the price, the more chances of CG, so it is difficult to make a generalisation that can be applied.
Perhaps a little game would come handy.
Suppose you play the Boy’s Town raffle and you win the 1 million dollar house on the gold coast fully frunished with $50,000 worth of stuff inside including a grand piano.
What would you do with it?May God bless you
and prosper you.
MarcIn my opinion (qualifier) you are on the right track. Look for a property with a price that does not scare you, that is +CF and (forgive my bluntness) forget your ex. She is ex for a reason isn’t she? (OK not my business)
So go and buy yourself an asset and not a liability. Think about it, would you rather have money coming in your pocket or money going out your pocket?
Furthermore, do you want to have control of your property and be able to choose your tenant or do you want to re-marry? (Oops done it again shut up Marc!)May God bless you
and prosper you.
MarcIf the house is overpriced then perhaps she does not want to sell at all.
Russ, I asked so many times, come on, tell me once for all, are you in NSW or not? If so I may have some spotting work for you.
May God bless you
and prosper you.
MarcJo, Russ, come on! you are behaving like kids.
Russ, it is your business to spot opportunities, and the best deal is the win-win deal. If you feel you need to exercise charity, walk away, something is not right.
Jo, I understand that a call for charity in this forum must sound unusual and difficult if not impossible to execute to everyone’s satisfaction but to assume automatically it is a scam is not nice.
Remember that is not uncommon for most people to have loaded in their subconscious mind and totally unknown to them the fallacy that rich people become rich at the expense of the poor. When a good deal comes along, their subconscious kicks in and says, if the deal is good that means you are taking away form the vendor what is not yours to take. It is incredible to see how people shoot themselves in the foot every time their subconscious kicks in.As far as “helping” a person in such mental state as to live in the conditions you describe Ross, I don’t know if relocating her would help, it may have the opposite effect. I would consult a professional in mental health before assuming I am helping. Just my two bobs. The health department or the local council or hospital social worker may be able to shed some light on this if helping her is what you want to do.
Remember the best deal is the win-win deal.I wouldn’t worry too much about the trade dollars . . .just make sure you sell it 25% over the price you would settle for if cash!
May God bless you
and prosper you.
MarcGlup, I just realised you are in . . . .Namibia !!
So much for my brilliant theory of 8 weeks rental a year.
So ho hum well, what can I say? the photos look v/good, neat and fantastic view. And you have better than 30% of the year rent, at a daily rate, that is not bad, better than some hotels I know !!
May God bless you
and prosper you.
MarcRuss, your description besides being very well written, describes a person with a mental health issue, a serious one.
I woulnd’t worry too much about the cleaning up. Pay a cleaning agency to do it for you. We had once such a house in Leichard Sydney and the council did the clean up.I saw an appartment once where an old lady had died on the carpet of her bedroom and was found 2 months later..[puke].
No sweat, there are cleaners for any job.
PS
Do you do any spotting in NSW?May God bless you
and prosper you.
Marc$25 ? Go for it! I don’t think you will find anything cheaper, are you sure?
Western Union is the most practical way by far, but not cheap. Interesting how on their website there is no way to find out the fees they charge.If you owe money to someone, the cheapest way is probably to deposit in their credit card account. Zero fees. If you know someone who has a shop and EFPTPOS, and you had his Credit Card (hipotesis) you could reverse money into the card again at zero cost.
May God bless you
and prosper you.
MarcOh my you are right
May God bless you
and prosper you.
MarcYes Costello, what was I thinking…
So I discovered the wheelbarrow did I?[blush2]
May God bless you
and prosper you.
MarcNow now Victoria, unless you tell me your real name that is it as far as I am concerned.
Book? You want a book? Well why dont you ask for it? Send me your e-mail via PM so as to avoid a barrage of unwanted admirers mail and I will send you the book “free” . . .(see I am not greedy)[biggrin]May God bless you
and prosper you.
Marcha ha sorry for using strange words, that comes from English being my 4th language.
Intransigent = Refusing to moderate a position, especially an extreme position; uncompromising.
I noticed some irate responses arguing the property is not +CF, as if the formula price/1000×2=rent, is some sort of unbreakable code.
I argue that there are a lot of properties out there that fit that rule but are a really poor choice, and others that are marginally positive or break even, yet are a much safer bet.
Don’t you ever be intransigent!
hoho
Nice talking to you
PS
And don’t you ever post yellow smilies or someone gets highly irritated!![baaa][baaa][baaa]May God bless you
and prosper you.
MarcKay, the use of the term “greedy” is excusable because it is ingrained in people subconscious by years, decades of programming. Remember rich is “evil” poor is spiritual or “virtuous”.
There is no escape and it is this limiting belief that stops people from prospering.If you ever have a group of people, you can ask question to, seminar or similar, run this experiment:
Ask the group, to tell you what they would do if they had a no limit credit card that needs no repayments.
You will notice they will in general moan and groan about how they are OK and been blessed and in fact have a roof over their heads and perhaps changing the car, an a new pair of shoes, may be a holiday for pope etc.
Now change scenario: You say that they are on a deserted beach and a lamp washes ashore. They pick it up and polish it, and a genie comes out and states that will grant each one 10 wishes, anything they like.
See people come alive and lighten up, the inbuilt belief system is temporary disabled by the game. The genie is a fantasy so it is OK to speak your mind, people will wish themselves 23 houses around the globe, 100 foot boats with helicopter on top, Lamborghini and Maserati and, you name it….
Rich or Poor . . . . its your choice.
End of rant he he.
May God bless you
and prosper you.
MarcYou are probably right my friend, but I notice you say IF. You don’t realy know where it is?
My point is made more on the intransigence of some statement and not necessarily on how good or not this deal is.
May God bless you
and prosper you.
MarcHa ha only kidding.
Tell me Victoria, What’s with the thread about that poor gale trying to seel her sister’s property in Orange? I know Orange and that property is underpriced, plus they say they are willing to negotiate, so it may go for 145 or even 140, that is a good deal whitout having had a look at it. Why such virulence? i read Steve’s book and when I am gratefull for a lot of good advice, I realise also that such book started the demise of +CF properties in regional Australia something I have been involved in since 1996 and that now with an ever increasing number of investors is becoming a thing of the past.Of course such interest meant capital gain in areas that dont know the meaning of such word, yet to profit from such windfall you must be in it, and the more books are sold the less +CF there will be in the market. So to pontificate in 2004 that you either get Price /1000 x 2 = rent or bust, is ludicrous to say the least. Etrepreneurs must be artist , inventors, not crowd followers.
If I have an exclusive market idea or particular strategy, I will write a book about it the day I want to change strategy or industry all togeather.May God bless you
and prosper you.
Marc
