Forum Replies Created

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of alan_chong5533alan_chong5533
    Participant
    @alan_chong5533
    Join Date: 2003
    Post Count: 7
    February 10, 2010 - 12:27 pm

    All of Steve's books are excellent. His second book is really good as he takes on the mentoring role and you can use his tools to keep yourself moving.

    I am reading 'Think and Grow Rich in Property' and it is very good too.

    Alan

    Profile photo of alan_chong5533alan_chong5533
    Participant
    @alan_chong5533
    Join Date: 2003
    Post Count: 7
    May 11, 2009 - 6:06 am

    I wouldn't be factoring in depreciation and tax benefits…because I want to know if it is positive cash flow without depending on the tax system.

    ie "Does it produce cash flow without me working in a job?"

    That's where I am coming from. (I learnt this from Steve).

    Makes sense to me!

    Alan

    Profile photo of alan_chong5533alan_chong5533
    Participant
    @alan_chong5533
    Join Date: 2003
    Post Count: 7
    May 10, 2009 - 1:42 pm

    Arbitrage Sports Betting?
    What next??

    That's not investing…that's like some kind of speculating.

    C'mon.
    You would be wasting your time.

    Leave it alone and get back to real estate investing issues!

    Profile photo of alan_chong5533alan_chong5533
    Participant
    @alan_chong5533
    Join Date: 2003
    Post Count: 7
    May 10, 2009 - 1:35 pm

    Hi,

    If I had to recommend one author…it would be Steve.
    Most thorough, best layout, top information.

    But ultimately you have to find your own niche. The authors can only tell you what works and what the issues are.
    What works for each of us…well that's another thing. I remember Steve saying that success in real estate
    comes down to the skill of the investor.

    Best to skill up, I guess!

    Alan

    Profile photo of alan_chong5533alan_chong5533
    Participant
    @alan_chong5533
    Join Date: 2003
    Post Count: 7
    May 10, 2009 - 1:12 pm

    Hi,

    I think the calc would be:

    Rental income – mortgage repayments – regular outgoings (council rates, management fees, postage, GST, insurance, repairs and maintenance, any other outgoings)

    Steve has mentioned that you should ignore depreciation benefits and tax benefits.
    You want to evaluate the cash flow without these potential tax benefits.

    I reckon it's just as easy to crunch the factors above compared to using a 'formula.'

    Alan

    Profile photo of alan_chong5533alan_chong5533
    Participant
    @alan_chong5533
    Join Date: 2003
    Post Count: 7
    August 16, 2004 - 2:41 pm

    Hi,

    I agree.

    I think Robert G Allen is phenomenal!
    If you are put off by highly priced seminars then I recommend you read any book Robert Allen has written..Nothing Down for the 90s, Creating Wealth, The One Minute Millionaire.

    He is an educator for the common man. He wants the Average Joe to achieve massive success. In his books he is appealing to the Average Joes in the rat race to get educated, move past your fears and take action. Yep…He’s the Micheal Jordon of wealth educators.

    Having said that, there are a lot of gurus out there…you can learn from many of them.

    One thing Robert G Allen warns about is over education (ie paralysis of analysis) where you spend all your time educating yourself and ‘doing nothing.’ Why do you see some Uni Lecturers (ie economics dept.) drive a bomb car?…because all they do is read!

    Hope that helps and best of luck!
    Remember: take action!

    Profile photo of alan_chong5533alan_chong5533
    Participant
    @alan_chong5533
    Join Date: 2003
    Post Count: 7
    May 19, 2004 - 8:08 am

    Hi

    I went to Robert G Allen’s evening seminar last night. He has lots of property strategies which most people on the forum would be familiar with (ie flips, options, wraps, lease options, conversions, making money on the internet, stock market trading).
    You can read his book ‘ Nothing Down for the 90s’ which has good material.

    He’s now preaching making millions the enlighted way (meaning do it ethically – give money to charities, win win results, asking your higher power what they want you to do and achieve in your life, achieving good news stories).

    All in all, he is very successful and willing to teach others. Everyone has an opinion of a guru’s marketing and personality but the real question you should be asking is ” Can he give me the tools and strategies to implement to be successful ?”

    Having said that…the America gurus certainly come across “differently” to their Aussie counterparts, thats for sure!

    Each to their own…find a guru you like, and see if you can IMPLEMENT !

    I could elaborate a lot more but…I need to get out there and..IMPLEMENT :-)

    Hope that helps.
    Alan

Viewing 7 posts - 1 through 7 (of 7 total)