I’ve received the sales letter & CD (interview with the 2 guys who are presenting this one-off event) from Break Free Events about this weekend seminar. And I have also downloaded the 2nd interview from http://www.worldinternetwebcast.com/

As a marketing & sales professional for over 20 years now (boy does time fly…), I would highly recommend this event if you can get to the Gold Coast. This is definitely no scam.

Ghost writing publications is a perfectly legal way to get a job done. Do you think Ita Buttrose writes every single article in her magazines? Or does Donald Trump mix the concrete & hammer every nail in his Trump constructions?

Ghost and/or freelance writing is done for many books (especially business or technical books), magazines, etc. It’s an effecient and very profitable way to get a job done on budget and on time.

Just like when it is best to pay a tradesperson to do a rennovation on your IP, than waste too much time trying to do everything yourself.

When you go to http://www.worldinternetwebcast.com/ , click on the archives link & search for the two interviews conducted by Brett McFall with Ed & Frank. The first one they did in June has most of the nuts & bolts of the business model in there. So if you are like me & can’t make the event, there is enough information to research & get the business off the ground.

I am seriously researching it and have checked out the web sites they mentioned for the various services to get your market research, product & site up & running.

And the returns seem a lot better than property at the moment…. and with far les risk. But hey, I’m not knocking property, as there are many opportunities there as well.

If you do go, I would love to hear how it went. And let me know if you need any more help.

Cheers,

David Paxton
“You Only Live Twice”

Dolf De Roos in Real Estate Riches has a very smart tactic to get trades people to start work on his jobs quickly, a good job and maybe a good price. And it has nothing to do with the usual BS of promising more work for them in the future (all trades hear this crap & lies all the time).

He tells them when they are doing the quote that upon inspection of their work & receipt of their invoice he will pay them the SAME day.

Of course, he sticks to his word. Dolf claims that not only they put his job to the top of their list, when he needs them again, they usually give his job priority.

Remember, to stick to your word & this little tip should save you a lot of time & money.

Cheers,

David Paxton
“You Only Live Twice”

Don’t warry too much about the “ethics” of low-balling. Because in reality ethics doesn’t come into it. All you are doing is putting in an offer in a free democratic market.

If they accept your low offer fine. In not, they counter-offer or refuse to deal with you outright (that’s their ego getting in the way).

You are not ripping anyone off if you low-ball. As the purchase of real estate in Australia involves a legally binding contractual arragement, you are not dealing with minors or people of unsound mind (in most cases ). Nor you are not applying coercion or duress. If any of the preceeding conditions apply the contract would most likely be null & void anyway.

ALSO, in reality, most vendors in this crazy market could be seen as ripping off purchasers anyway. I see this happening often now in land sales when I try to do House & Land packages for my clients. In fact, several vendors have purchased a traditional size block in an estate from the developer for only $80-90,000 in earlier this year. Then in October/November have been reselling it for $160,000!!!!

Where are the ethics in that?!!!

So don’t feel bad about lowballing. As a property investor (just like a share trader), in order to make any profit, you must keep your emotions (& ego) out of the deal. Plus you should ALWAYS buy at wholesale & sell at retail!

Treat this like a profession, as a proper business. And only let the emotions come out when you “come home (to your family) with the bacon”.

Good luck & Merry Christmas,

David

P.S. BTW the extra profit you make not only adds to your coffers, but also could go to those more needy!!!

Why not start a charity foundation for homeless or abused kids with those great wholesale prices & profits you make from low-balling???

David Paxton
“You Only Live Twice”

Yes that was me Mike.

I don’t think I saw you there on that side. You must have been near the blonde lady who bought one.

Goodnight [^]

David Paxton
“You Only Live Twice”

Hey Mike,

Where were you sitting at the auction last night?

I was near the front row on the far RHS.

Are you the guy with the moustache (bidding #A8), or his friend, who were sitting nearly behind me? If so, remember I said hello, & I’ve seen you at the other auctions.

I just saw the MB catalogue & the auction time is 3pm on Thursday. As a Sterling Homes sales consultant I don’t have any display home committments that day. And I should make it home in time to babysit the kids while my wife does the shopping that night.

So I’d be happy to post the sale prices if I go.

I’m not sure if Elders will disclose the sales prices after the auction before settlement. Funny system hey? You can attend an auction & see what a property sells for. But the agent can’t tell you afterwards. [!]

BTW what prices did the Riverland ones go for?

Cheers,

David Paxton
“You Only Live Twice”

Rod,

I am interested in how you find out the sales history for porperties in NZ?

Thanks,

David Paxton
“You Only Live Twice”

Thanks Westan! Great posts.

In Adelaide most of those cheap properties in Elizabeth are going for $90K +.

I could kick myself for not being aware of this as I have owned my various PPOR’s totally freehold since about 1995. Grrrr……

And I agree, amongst other things, the big promotions of property through books, seminars, TV, etc has pushed prices up everywhere!!!!!

That’s why I’m doing some share trading first while keeping an eye on the property market. At least I have an opportunity to make some money (Note: I have been studying share trading most of this year).

I’ve just set up a family trust & my team. But here I am ready at the WORST time in Australian history to invest in property. (At least I’ll be ready when prices come down).

Is it worth it now?

Like they say in share trading, sometimes a position in the market is being out of the maket when it is not going your way.

At least I’ll be poised to get good gains in share prices when a lot of the investors come running out of RE, and into share again.

As it is said, success comes when opportunity meets preparadeness.

Cheers,

David Paxton
“You Only Live Twice”

It is possible that these top 10 growth areas would be not on our top 10 for +ve cashflow properties in a “buy & hold” situation. As they maybe be peaking now.

However a good bargain may still be found there if you look hard enough.

But maybe nearby there are “sleeper” towns or regions that will be next to grow.

Interesting times ahead with very important investing lessons for all of us.

I believe the RE market still has some way to go up in many areas, until interest rates hit 1 to 2% above where they are now.

But I look forward to the great bargain buying opportunities that should be there when Australia eneters a bear market in RE.

Do others feel the same way?

Cheers,

David Paxton
“You Only Live Twice”

Thanks Snowgum.

Saw this guy’s article in a recent issue of API.

One problem with his chekclist…. he reloes a lot on an architect/draftsman to handle council application.

Watch out! That strategy can cost you $1,000’s more. Many in my home town rip developers off! Just today one lady told me her architect in Port Lincoln was going to charge her $12,000 fo rsomething that a project builder includes as part of there contract (only $1,200 down payment with the builder I’m contracted to).

Maybe this guy only does multi million $ projects anyway… hmmmm…

Cheers,

David Paxton
“You Only Live Twice”

Paul,

Tsk Tsk…

Didn’t I tell you…. ask if they are a planner FIRST!

Live & learn.

Good Luck!

David Paxton
“You Only Live Twice”