Forum Replies Created
Awesome Mary and greg. From here on in it gets easier. I still believe the first one is the hardest and most challenging. I hope to see many more posts along these lines.
Enjoy
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(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.”
I must admit to getting finance after I have signed. I always allow a building inspection clause so if things do go bad I can walk on that basis. I never put finance down as a clause because I know I can always get money. It may be dearer than average but there is always a way…….
Enjoy
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(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.”
I think it iss July/August last I heard…..Admin ???
Enjoy
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(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.”
I’ll have to disagree with you there Pete. I use a melbourne Acct and I am in Brisbane. I use Dale Gatherum-Goss in Kilsyth. I also talked to another Melbourne accountant last week who also seemed very good. You really want one that will think outside the square.
Enjoy
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(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.”
Banana Bender is a colloquial name for we lovable Qlder’s. In norhtern Qld the drought has affected properties but they seem to be slowly dragging back ground again.
Just remember…..Beautiful one day ….perfect the next.Enjoy
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(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.”
For me May it is whatever I feel like writing. I find that it has quanitified what I am doing and since I started I have found a new lease in property investing. Being in Brisbane is making it hard to find good property (too may mexicans uo here) but the journal has challenged me to go further afield. Australia is a big country with many opportunities out there.
So I guess the journal is challenging me and what I percieve to be truth……So far I am finding that I was in a rut……I think I am well and truly out of it now.Enjoy
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(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.”
I think another good source for you to check out might be http://www.matusik.com.au . These guys try and crystal ball based on demographics amongst other things and they have been pretty accurate since I have known about them. (Wish I had known sooner). They produce a report called Snapshot. I actually met Michael Matusik last week and had a grewat chat, seems like a nice bloke.
This is not an endorsement and you must judge for yourself the merits of the report but at least it may give you some more statistical information about the area you want to buy in. An uneducated decision can cost you a lot of money but a bit of money spent up front educating yourself could make you a whole lot more.Enjoy
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(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.”
Give a person a fish and he eats for a night.
Teach a person to fish and they could feed themselves forever……….Enjoy
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(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.”
Anothre option is to jump onto Stuart O’Neills http://www.guerrillarealestate.com.au/Gshop/shop/ and he sells property calculators. They takes all the unnecessary buttons away and only leave the property ones….Great for a simple guy like me.
Enjoy
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(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.”
I think the basic rule is the fund cannot borrow money but it can certainly hold the residential property if it owns it outright. Correct me if I am wrong Financial gurus…..
Enjoy
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(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.”
On face value it is a great deal…..the fineprint will tell the full story though. Make sure you have a solicitor check out the agreement and ensure it is not putting your capital at risk.
Some other thoughts.
1. Is the money guarenteed by anything ?
2. Is it a true second mortgage where you have an interest recorded in the property ?
3. Is the property purchase a realistic purchase where you will get monies back if the deal goes wrong ?
4. Do you know the individuals involved ?
5. Is the solicitor your solicitor or acting for the other party ?Just a few thoughts that came to mind instantly but if all is well. Sounds like a reasonably good return on your money if you want to be a passive investor.
If it was my last $50K I would probably use it elsewhere because I know I could get greater than 16.5% return out there.
Hope this helps
Enjoy
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(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.”
Well done Richmond. Go get it….
I won’t stir you about the tigers this time as The lions went down last week too.Any way hope it turns out to be a great step.
Enjoy
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(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.”
I think it all comes down to definitions. We had a dsicussion about the differnet levels of the Lomas theory not long ago……
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=852
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=809Hope these help
Enjoy
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(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.”
Good call Mini,
I’ve read his books and always found them thoroughly enjoyable. I guess the question that must be asked id do I think I will find enough in this info to justify the $3000. I haven’t seen it but to my mind one deal with a Twust is worth well more than $3000.Enjoy
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(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.”
Hey 4walls,
How is the wonderful land of my birth
(Singapore).Anyway on to your question. It would fit into the other buying costs section if my memory serves me correctly.
Hope this helps.Enjoy
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(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.”
Hey Ariel (Little Mermaid)
It is interesting you say that you can’t stop going. After I came back from this seminar trip I was dog tired and it took me a few days to catch up. But we are now in motion again….many deals looming.
I remember the first Seminar I did with steve last year and how much of a boost it gave me. I think my wife (Fiona) thought a whirlwind had hit as I came home and took off again in a property flurry.
The sad news for you is that after 1 year (happy birthday) of investing in Real estate I am still as keen as ever. The lack of sleep thing for me never goes away. I find most nights I get a max of 7 hours with 5-6 being more realistic. Everywhere I go I look. When I drive I am regularly on the phone (Not quite Stu’s $1300/month). While I don’t surf the net as much looking for property I still spend Hours each day tuning my mind and honing my skills. I try and get on line for 30-45minutes each day and read what is going down on the forum and add my humble thoughts.As people have said property is a contact sport. You gotta get out there and live it. Look at the successes we saw presenting to us on the seminar weekend. Those people loved what they do…..not one of them said ..”well it pays well but I want out if I could!” They are all out there networking to maximise their business. I think you would find that they all on occasion wake up at night with a great idea…jot it down and then go back to bed.
You sound like you have caught the bug so keep on pushing and try hard to smell the roses and grab a little sleep occasionally.
You might well be an undiscovered ADHD like me (and many others) who can’t stop. For me the rose smelling comes from the success of the last deal and the thrill of the next.So in conclusion …the sleep does get better but usually because you have passed out due to a brain overload.
I hope to see you next year (if I didn’t meet you this year – these nicknames are difficult) and find out how far you have come in a year. I think it will be good to see a room full of successes.
Enough rambling……
Enjoy
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(Andrew)“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert EinsteinWell done Red Card. Keep up the good investing.
Enjoy
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(Andrew)“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert EinsteinThe broker may be talking about owner occupier rates ??
Enjoy
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(Andrew)“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert EinsteinIf it has helped you Adam it was well worth posting. There really is a lot of info tucked away in the history on this site. I was shown some of the early posts by Brent last week and it is great to see how far this site has come. Well done to everyone who contributes.
Enjoy
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(Andrew)“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert EinsteinHey Fasta,
Check out http://www.gatherumgoss.com . It is for sale through there. (his book).Enjoy
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(Andrew)“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein
