Sorry I’m much too dainty & feminine to model a wedding dress [biggrin]

Cheers,

Aceyducey

Derek,

I have no opinion on the company, just on the pattern of posts

Cheers,

Aceyducey

I’d expect prices in the lower bracket to rise to just below that $250 level & some properties in the $260 bracket to drop….

Cheers,

Aceyducey

Hmm…well it’s not reinventing the wheel to do things differently.

Many other people have done things differently in the past!

Every change in society, in laws, in technology creates new opportunities and modifies – perhaps even destroys – old ones.

Don’t draw blindly from the approaches that have worked in the past. Apply your experience and skills to improve the approaches.

We don’t need to bang stones together to generate fire anymore.

Cheers,

Aceyducey

Flash,

Have you experience in running businesses?

Are you prepared to spend three years building up the business before it replaces your current salary?

Do you know what type of business you wish to run?

Owning and operating a business involves a VERY different skillset to being an employee….take your time & do lots of research!

Cheers,

Aceyducey

Sylvester,

You need to build a relationship with some agents & buy the properties that DON’T get listed

Remember list price isn’t the same as the sale price.

If you make 100 lowball offers & one gets accepted, you’re now in the game.

Cheers,

Aceyducey

Well done Monopoly, you outdid me by 2 years.

No gurus involved either.

Cheers,

Aceyducey

I did some network marketing back in the mid-90s, more to understand the system & access their tools and tapes than as a wealth creation strategy.

IMHO, network marketing is useful for teaching sales & small business management skills & for networking….a few people make a lot of money out of it. They can also be very motivational – though watch out if you’re an adrenalin junkie as they will satisfy your need…but may not deliver the other returns you want.

Ensure that you are ethically comfortable with the system & it is legal under Australian law. There are a few touted about that are right in the grey areas, but there are some good ones as well.

Checkout some of the Amway & Avon networks in particular – they are quite well established & provide very structured support.

Cheers,

Aceyducey

Monopoly,

It’s not how much debt you have, it how much your assets are worth & whether you can repay the debt!

Personally I believe that when starting out 95% LVRs are fine. I get concerned when people start out with greater than 100% loans – particularly right now!

(that also goes for companies – I don’t buy shares that have more debts than assets!)

As time goes on it’s a good idea to reduce the LVR % and build your equity – after all you’re trying to MAKE money for you, not for the bank!

How low you take your LVR is really personal choice. Some people like owning outright, some keep their LVRs under 50%.

Personally, we’re now around the 70% mark ATM and more focused on diversity rather than reducing it further. In fact we may increase it slightly to use equity in other types of investments

Cheers,

Aceyducey

Noticed that too Derek

Will ensure the other forum is aware…