I had a post talking your members accessing my web site to use the private message function – it seems to have been deleted without any reason why – I would assume that a reason why should have been publicly posted – I would had done this on my web site.
Or maybe it has been moved?
Hi Marc,
If I were to have a guess, I’d say the post was deleted because it was deemed to be advertising by a moderator.
Moderators do not discriminate against people, topics, or posts – if its advertising, it gets deleted.
Although your post may have not been as far ‘over the line’ as some others which we’ve seen on the forums, it sounds like it was over the line nonetheless.
quote:
It seems interesting that my post was deleted in less than 5 minutes of being posted but at present my request to tell me why has not been posted – 40 minutes now…
As much as we may like to, the PropertyInvesting.com staff don’t monitor the forums all day. We have a whole office to run. We have moderators who volunteer to help us administer the forums, and deal with posts on a ‘deal with it as you see it’ basis.
Because we can’t be everywhere at once, if anyone comes across a post which they feel may be advertising, send an e-mail to admin at propertyinvesting dot com.
This way, you help us to keep the integrity of the forums, and ensure that the forums are a valuable information resource. We don’t want the forums to degenerate into a free classified ads forum.
Unfortunately, when Steve created the e-mail address on stage, we still needed to get back to the office to physically create the e-mail address in the office.
This was done yesterday morning, but it seems it took a while for the changes to propagate.
I’ve tested out the e-mail address and it seems to work now.
The reason Fast Track is only available on CD is two fold;
1) It’s too long to fit onto a CD
2) It become a much more expensive exercise to (re)produce it on CD when it comes to duplication, printing, putting into a case, and mailing it out. Particularly if Fast Track needs to span two CD’s.
So, to keep costs down (so that Fast Track is easily affordable and accessible to anyone) we decided to go with Tapes over CD’s, since most people still have a cassette player – even if they haven’t used it in a while.
If you haven’t heard the tape yet, it’s worth at least looking into. I’ve got a copy of it in my cars right now, and listen to it regularly on the way to work. (And you think I’d get sick of all this property investing stuff[]).
Steve’s book is 99% of the way there. It’s been written, edited, and is now being typeset so that it can go into print.
The front cover is being finalised right now, and we’re counting down the days until the first copies hit the shelves on August 1st, 2003 – barely 44 days away.
No word yet on whether we’ll be able to score some advance (personally signed) copies which we’ll make available for PropertyInvesting.com members, but I’ll keep you posted.
The short answer is it’s because of our international appeal.
Although the information we provide is fairly Australia-centric, we have a huge amount of members from outside of Australia. At our last seminar, we had people coming from all over Oceana and the Asia-Pacific region.
We have members from almost every country in the world, because the same basic principles of property investing apply everywhere.
Although we knew from the start that we would have international appeal, we were lucky to be able to get PropertyInvesting.com. At the time, the Tech-Boom was in full flight, and names like HotNewRealEstatePropertyInvestingSecretsRevealed.com were already taken. Steve came across PropertyInvesting.com, and the rest is history.
I ran a quick search on RealEstate.com.au and found these 200+ properties between $90-120k in Queensland. No doubt there’s a great deal in there somewhere.
As for Ipswich, I’ve heard from a few people that it’s getting harder and harder to find great deals up there. Prices are up, and yields are down.
But if you can’t find positive cashflow, you can always create positive cashflow. Have a look at the strategies section of PropertyInvesting.com
In your seminar on obtaining unlimited Finance my take on this was that if you are structured right as a company trust that you are only going garentor on the loan and it goes on your personal income.
Yep, essentially that’s it.
As for credit record searches and enquiries – I can remember Steve saying once at one of his early seminars that the loans he goes guarantor for don’t appear on his credit record.
quote:
Is it my understanding then when you go for a new loan that you do not disclose the other loans that you have taken out previously.
Full disclosure is always the best policy. Otherwise, the bank may foreclose on you suddenly down the track.
No doubt you’ll find that you encounter the problem of financier redundancy a couple of times in your investing journey. For example, financier one will give you X many loans, and after that stage they decide you’re a big enough risk. Then you move onto the next financier, until they stop lending you money, then the next.
At some point, financiers will begin to think you know what you’re doing. They’ll see that you have 1, 5, 10, 20, 50 properties, and believe you’re a better risk than when you had zero properties and no debt.
Have another read through your copy of WealthGuardian, and think about visiting an accountant and talking to some mortgage brokers about how various structures would work for you. You might be coming across a problem where the 3 properties which you own are diminishing your ability to get finance.
The structure which Steve uses has allowed him to do a whole heap of deals, but as I mentioned earlier, he has gone through the issue of financier redundancy, and moved through various banks and lenders.
The structure also means that Steve personally holds no investing debt (although he does go guarantor). He owns zero properties in his own name, and somehow because of this, banks love him and he still technically qualifies for the FHOG.
But the issue for you is developing a structure which suits your investing purposes, and for that you need to examine all aspects of you investing plan and speak to professionals who can help you.
I hope this at least answers one or two of your questions.
I was doing the same thing this weekend just past.
The way I did it was I went to real estate agents and asked them two questions. They were “How many rental properties do you manage?” and “Can I please grab a copy of your current rental list” (The please is very important)
What I was able to see from this information was the types of properties which rent well in the area. Older 1br and 2br units rented very poorly because there were 20 of them on the rental list, and the rental manager only looked after about 40 or so units all up.
But, it looked like 3br properties rented well – there were 6 or so on the rental list, four of them were becoming vacant in the next month, two were recently vacated.
Something else you might think of doing is chatting to the locals. Start a conversation with someone, explain what you’re doing, ask if they’re renting or whether they own in the area, and chat to them about their experiences in finding a home.
I was chatting to two ladies for nearly two hours on saturday, about everything from the town industry, to which agents are the best, to property prices, to renting in the area – even which areas they wouldn’t walk through at night.
I’m usually notoriously good at finding information, but I have a process which I follow. I ask myself what information I’m looking for, then I list down all the places which might have this information. I keep going through the list until I find what I need.