Excellent work Richard, sound like a great deal.

Helen I just signed one this week, again country Qld. $72,000 returning $185 p/w.

I have found 3 more deals in the same town (but Im out of cash []) and I have emailed the details of to a few members of the forum.

Basic details are:

1. $65,000, fully furnished (microwave, fridge, washing machine, beds, lounge etc) nears schools and would return $130ish p/w

2. $155,000 (units) returning a total of $370 p/w.

They are out there!

Cheers,

Battz

G’day Brett,

I cant speak for NSW properties, but I have found them in Qld. I finished reading Steve’s book 4 weeks ago and have bought 2 properties since then that meet the “11 sec solution”, as well as another 5 properties in the same town, but finances restrict the number of purchases for now.

As you will see mentioned many times on this forum, its just a matter of research, hours upon hours of it.

Cheers,

Battz

Congrats Cobra,

Its great to hear stories of people getting out and doing their first deals. Exciting times isn’t it..

Cheers,

Battz

Couldn’t agree more Anna. And re Coomera, I reckon that will be a solid investment area – that boom is stil to come!

Cheers,

Battz

G’day all,

I am always amused when I read/hear the term, “Property Bubble Burst”. Can anyone explain what this term actually means? I know its an emotive media term, hence it is thrown around a lot.

To me a bursting bubble implies something is inflated and then bang, in an instant there is nothing. How on earth could this be applied to property??

If in a worst case scenario: interest rates hit 10%, unemployment 10% and investors ran to shares, property would still exist, with a real value. There may be a levelling in the market, maybe a correction of say 10-20% (being extreme for “normal residential” housing)

When I hear the investing term “Bubble burst” I think of shares. HIH, World Com, IT crash. In those cases it was actually possible for the bubble to burst and have nothing overnight….

Cheers,

Battz

Arghhhh, Telstra email is down Australia wide!

Bronwen, try [email protected]

Cheers,

Battz

Polar,

I dont think your initial post was too harsh, I think it was pretty close to the truth. I believe the majority of the forum is prepared to assist with advice, examples, research material, useful links, seminar dates and even members offering personal coaching. What else do people actually expect?

Well I suspect some(extreme minority) expect the name & phone number of the agent with a detailed analysis of the property and with someones personal endorsement that YES buy this property.

Hope this doesnt sound too harsh….

Cheers,

Battz

G’day Jarvis,

Ive got the same question. I too am interested in attending, but not sure if its suitable for me (as Im a handyman idiot!)

I’d been keen to hear from anyone whom has attended. [email protected]

Cheers,

Battz

Steve,

It was great to read your “Reply to the naysayers”, I believe you summed up the feelings of many of the members of the forum.

Perhaps the great point you highlighted was the “insult in asking for a refund on the book”

I firmly believe that the information contained in the book is grossly undervalued at twenty something dollars. I purchased my first IP 10 days after reading your book, and have an offer in on a 2nd. Both are strongly cashflow positive, both are purchased under value and neither was advertised on the internet. It took me 80+hrs of solid reasearch after reading your book.

I believe that the information contained in your book not only greatly assisted me in being in the position I am now, but saved me literally thousands of $$$$ in identifying deals and tips on negotiating.

If you offered me $5000 cash and in return I had to download all the knowledge you have give me, return it never to be used again (Matrix style) I would politely ask you to keep your $5000 and I would keep my wealth creating knowledge!

Thanks,

Battz