Thanks Ray

Well done!

I’ll be there with bells on.

Regards
Bear

Feel the Fear and do it anyway!

Nervousness is just a form of excitement!

What ever you think about yourself you are absolutely right! (Similar to a quote already listed)

Give and you shall receive!

The list goes on and on but just a few to work on that I know one very successful person I know uses for himself. He is a best selling author on many books and travels the world filling halls with his talks. I attended some of his talks and once a hall was filled with about 2,000 to see him, I asked him if he was nervous. He said no he is excited. He told me after the talk that evening, that most people get the feeling of excitement mixed up with nerves. He would know his field of expertise is Psychology.

Regards Bear

Hi

I just thought I would add to this old discussion hoping it will generate some more interest on investing in SA.

The prices here have gone up about 30% in the Salisbury area in the last 6 months and even Elizabeth, Smithfield and Deveron Park have also sky rocketed. Example the place I live in at Paralowie 4 months ago was valued at 130-140K now 170-180k. 12 months ago 90 k. Even tho the properties have gone up the rentals have stayed the same and the vacancy rate has risen also. That’s close enough to 100% rise in property value in 12 months.

I have done my sums and used my contacts with agents and just cant find a property to +ve here, maybe its just because I need to borrow all the money and pay the interest on the full amount?

Remember wrapping here is illegal.

Anyway lets get this topic rolling again!

Regards Bear

Hi George,

I ordered mine on a friday, was told it would take about 2 weeks depending on stock. I got it the following Tuesday I think. The fastest anything has been delivered to me from the net .LOL

Regards Bear

Greetings Steve

First of all thanks for your post.

Second of all thanks for the book, again it has motivated me as I am sure it has many others. Although I have not been able to find properties at this point in South Australia after 3 weeks of looking nearly 24/7 doesn’t mean they are not there, just means I haven’t found them yet. I may have to go interstate to find them who knows.

Third Thanks for the forum that has given me much insight and some good contacts.

I don’t know if I would call it the Tall Poppy Syndrome kicking in, I would just say that some have different ideas to what you have.

I think the beauty about it all is some will put the effort in and others wont, the ones that choose not to, make more opportunities for myself to explore. Any one that expects to be spoon fed will fall down, if not now, then later when someone gets sick of feeding them. Half the fun is the self-gratification in achieving for oneself. In business I have found the most successful are the ones that start their own businesses rather then the ones that purchase a business. I believe that is because those that have started it have a real passion and did the hard yards. The ones that come in after just wana reap the benefits of someone else’s blood sweat and tears. I am not saying this is in every case, but certainly in the majority that I have noticed. I don’t have facts and figures on this its just my opinion and observation.

Keep up the good work Steve and remember one thing the more people you get through to the more cynics you will find. I’m certain the percentages are in your favour tho.[]

Regards

Peter (Bear) Ruwette

PS……. Its good to see you are reading the forum!
[][]

Hi Wannabe

Well it’s hard to calculate, as there are many varying factors as Steve points out in his book.
Interest rates
Water/council rates
Insurance
Management fees etc etc

The only advice I can give is don’t be afraid of large numbers, just work them as you would with small numbers, there is no difference however for some reason some people panic with large numbers.

If you bought Steves book, u would have received his calculator for working out deals in excel?

Maybe consider doing the calculation on one unit and multiply that by 16 as a guide or consider a partnership.

As long as the figures add up don’t be scared. Do you have an accountant you could contact?

Many professionals out there willing to help at a fee of course.

I hope at least some of this helps?

Sorry I could not offer more help!

Regards Bear

Hi all

Personally I think the facts and figures still add up.

However to make to make it work in today’s market I believe is more difficult then it was 3 years ago.

It can still work but at a much slower rate if the properties can still be found. So far and I have GOOD contacts in Real Estate here in South Australia and I have been looking nearly 24/7 for about 3 weeks and as yet to find one.

I think Steve’s book is a fantastic and I say he has done a great job in many ways, so this is not a negative comment about the book or about Steve’s approach.

I say Good on ya Steve for what you have achieved.

Regards Bear.

PS I am not giving up will I will find a +ve if it kills me ……….LOL

Hi Fivekids and Billfromoz
I hear what you are both saying, However I have sat on my hands long enough to scared to lose what I have while property has made so many financially dependent or even rich. I also agree about the Mentor being a great aspect of successful business but found alot of cloke and dagger in the industry and a lack of mentors.

Anyone willing to mentor this wet behind the ears but enthusiastic newbie? I have the drive and motivation and many skills, but a Mentor would make all the difference.

Regards Wildbear

[email protected]

Hiya Poorstudent

I am more then willing to discuss a win/win situation for us both [].

Please email me on [email protected]

Thanks Regards Bear