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brent
Participant
@brent
Join Date: 2001
Post Count: 165
June 9, 2003 - 9:45 am
Hi Stretch,
You probably can’t see it from where you’re standing, but we’re under the PropertyInvesting.com hood right now installing some turbo-charged new features.
One of those features is an upgrade to the forums which will allow members to do pretty much everything you said in your post.
I just wanted to say thanks for the suggestion – and even though we didn’t reply straight away, we took it on board, and acted on it.
So if anyone else has any suggestions on how we can address your property investing needs better, just let me know.
Warm Regards
Brent Hodgson
PropertyInvesting.com Admin
brent
Participant
@brent
Join Date: 2001
Post Count: 165
June 9, 2003 - 9:37 am
Sounds like you’ve got yourself a plan. What’s your next step? To find a region which fits your criteria, then look for a good buyers agent in the area?
Take action and go for it!
You might consider grabbing a copy of Fast-Track. It talks about how Steve McKnight and David Bradley chose their niche area, and began investing.
One thing which only occurred to me a couple of months ago was that when you wrap a property, you are essentially guaranteeing yourself a capital gain.
When most people put a wrap together, they set a price for the purchaser which is higher than the price which they paid for the property. In essence, they are locking in the capital gains for the duration of the deal.
So who says you can’t get capital gains and positive cashflow? []
I hope this has helped you in some way.
Brent
brent
Participant
@brent
Join Date: 2001
Post Count: 165
June 9, 2003 - 9:22 am
Hi Leigh,
Sorry about taking so long to notice your post in here.
I don’t see why you couldn’t start a post where people introduce themselves. After all, we designed PropertyInvesting.com to be an online community of property investors – not another property investing web-site.
So long as everyone plays by the forum rules, you can post what you like.
Cheers
Brent Hodgson
PropertyInvesting.com Admin
(Who finally got his 2nd Red Moderator Star! Yay!)
brent
Participant
@brent
Join Date: 2001
Post Count: 165
June 9, 2003 - 9:03 am
Hi Kristoffer,
Yes, there are bird-doggers out there – people who go out and search for properties, and pass some (or all) of these properties on to other people for a fee. This is often called ‘flipping’, but various regulations and law changes have made it more and more difficult to do.
There is also a type of Real Estate agent which can do this for you. They’re called “Buyers Agents”, and if you tell them what you’re after, they go out and look for it. If they find something which you then go on to buy, you pay them a commission.
However, you need to define what you’re after beforehand. “Good Value Investments” is too broad as a criteria. Are you after something which will appreciate in value soon, and will make a good short term deal? Or are you after long-term capital growth? Is a high rental yield a sign of a good value property?
I would recommend that before you consider any deals, look at your investing plan, and consider what due-diligence needs to be taken in order to ensure you get the best deal out there for you.
I hope this helps.
Brent
brent
Participant
@brent
Join Date: 2001
Post Count: 165
June 8, 2003 - 10:03 am
lol – Fair point.
The problem is, when we put something out on tapes, people ask for CD’s – when we put it out on CD’s, people ask for tapes.
Then why choose tapes?
1) They’re the lowest common denominator (ie – almost everyone still has a tape player – and if they don’t, it’s fairly cheap to pick up a walkman)
2) They’re easier to produce.
3) Unlike the Vinyl LP version of Fast Track, they don’t break in the post. []
As for whether listening to the tape will dispell this, you’ll need to listen to it for yourself.
Brent
brent
Participant
@brent
Join Date: 2001
Post Count: 165
June 8, 2003 - 7:05 am
Okay… I’ll see about making it available early this week.
Cheers
Brent Hodgson
PropertyInvesting.com Admin
brent
Participant
@brent
Join Date: 2001
Post Count: 165
June 5, 2003 - 10:03 am
Hey Guys,
Fair point with the issue of questions being previously answered. I can see both sides of the coin though.
When we get the new, upgraded forums, we’re able to put up ‘sticky notes’ – posts which essentially stay at the top of the forums. Perhaps the first sticky note should be a welcome message, followed by some tips on getting the most out of the forums.
quote:
ps how do you get the smiley faces onto your post???
Ahh, the smilies [8D]
The answer is… not telling.. []
Kidding, kidding.
When you’re posting a message, you’ll notice that you have a whole bunch of smilies next to the message box. It’s just a matter of clicking on one of these.
The forum software will enter in a little piece of code, and when you view the post, your smiley will appear.
To learn more about this, visit https://www.propertyinvesting.com/forum/faq.asp#smilies
I hope this helps
Warm Regards
Brent Hodgson
PropertyInvesting.com
brent
Participant
@brent
Join Date: 2001
Post Count: 165
June 5, 2003 - 9:54 am
The short answer is no.
Sounds like you’ve been gazumped.
Verbal contracts aren’t worth the paper they’re written on. Until the vendor accepts a formal written offer and signs a contract of sale, the property is essentially still on the market.
I guess your choices are;
1. To either persue the property – you may end up in a bidding war, or it may just be an agents ploy. Or…
2. To let it go, and move on to the next deal.
Good luck either way.
Brent
brent
Participant
@brent
Join Date: 2001
Post Count: 165
June 4, 2003 - 12:43 pm
Hi jempire,
There are a couple of sites around. I remember http://www.residex.com.au/ was mentioned at the seminar, and I think the other one was http://www.rpdata.com.au/
Also, check out the PropertyInvesting.com links page – particularly the sites under the “Facts, Figures & Statistics” section.
I hope this helps
Warm Regards
Brent Hodgson
PropertyInvesting.com
brent
Participant
@brent
Join Date: 2001
Post Count: 165
June 4, 2003 - 11:30 am
quote:
Hi Steve
The game went a long way in helping overcome a number of fears in just getting out there and doing it. Roleplay is a wonderful way of experiencing life in safety.
Can I make a suggestion that someone (I would volunteer but at the moment I am working 16 hour days)organise game nights where participants can hone their skills and develop new ones? (Brent did a wonderful job of Cashflow parties)
Anyway maybe others have thoughts on this?
Cheers
Martin
Hi Martin,
Thanks for the compliment.
I’m more than happy to run another Cashflow evening if there’s demand for one.
Is this something which many people would be interested in?
Cheers
Brent Hodgson
PropertyInvesting.com Admin
brent
Participant
@brent
Join Date: 2001
Post Count: 165
June 4, 2003 - 5:38 am
Hey Leigh,
quote:
Do they have to see when you log in or can it be just a messaging service?
It can be both. Grab a copy from http://www.icq.com and have a play with it.
quote:
Also Steve or Brent you may be able to tell me if the new and improved site will have instant messaging for forum members.
Cheers
Leigh K[]
It does have a messaging system, similar to an internal e-mail system. That will mean people can send personal messages to eachother without giving out their e-mail addresses, and risking SPAMers catching them.
There are plans to one day have a PropertyInvesting.com chat room – but first we need to finish the current set of upgrades to the site.
You may or may not know that PropertyInvesting.com is being tuned up and supercharged behind the scenes right now, which will mean the site will run faster, with more functionality, and more information for you all.
Cheers
Brent Hodgson
PropertyInvesting.com Admin
brent
Participant
@brent
Join Date: 2001
Post Count: 165
June 2, 2003 - 11:06 am
quote:
Hi Joner,
GOOD ON YOU !!
I wish you were in Melbourne.
Perhaps you could email Geoff Doidge & Paul Eslick. Start at the top, then work down!
Good luck,
Del
Hey Del,
Maybe you can arrange Joner’s flights and accomodation so he can give you a hand? []
Brent
brent
Participant
@brent
Join Date: 2001
Post Count: 165
June 2, 2003 - 10:49 am
Hey Charlie,
Great pick-up and some really interesting information there.
Personally, I don’t think it will go ahead. There is too much potential for the system to be exploited by sharks out there. That means more risk for the bank and, as we can historically see from banks, more risk means more cost.
The benefits for the bank are potential capital gains. However, I’m certain that if the banks wanted to be property investors, they’d be property investors.
At least the government is seeing the fact that it’s getting harder and harder for people to buy their first home – especially in markets such as Sydney – so good on them for working towards a solution.
That’s just my 2.2 cents (GST inclusive)
Brent
brent
Participant
@brent
Join Date: 2001
Post Count: 165
June 2, 2003 - 9:51 am
quote:
Yikes!
You’ve got ME worried now Brent! Which bits of my post were worrying? Like I said, I’m new at this…
Cheers
R
Sorry for the huge worry. Perhaps I should have elaborated.
I’m with AD on this one. Check the figures, do some research, and evaluate Ballarat’s ongoing growth prospects if you’re thinking of negative gearing there.
You also seem to have two (possibly conflicting) strategies – negative and positive gearing.
Look at your goals (ie – what you want to achieve out of investing in real estate), and then find the best investment to achieve those goals.
Brent
brent
Participant
@brent
Join Date: 2001
Post Count: 165
June 2, 2003 - 8:14 am
Hey Sunnigirl,
quote:
I am wondering if anyone knows if the area up north will give me a good return over the next 2-5 years?
I’m guessing that you’re talking about capital gain returns? ie – when the value of your property rises?
This is very difficult to predict without a working crystal ball. Who knows what the property market will do in two years time? The Reserve Bank may raise interest rates tomorrow to slow down the property market.
However, if you’re looking for an area which is going to rise, there are a couple of indicators which investors use. Some people look for historical figures for example, or infrastructure developments in the area. I know Steve McKnight looks for an area under transition – as he talks about in Fast-Track.
By the way – never trust a snowshoe salesman to tell you whether or not it’s going to snow. Always do your own research. Education is a vaccination for poor-decisionitis.
Good luck with your investing
Brent
brent
Participant
@brent
Join Date: 2001
Post Count: 165
June 2, 2003 - 8:02 am
Hi Richmond,
A couple of things you said in your post were a bit worrying. If I were you, I’d look at how I could invest in a way which is most likely to guarantee my investment returns.
Brent
brent
Participant
@brent
Join Date: 2001
Post Count: 165
June 2, 2003 - 7:45 am
Hi,
I think the most amazing part of the weekend wasn’t the weekend itself – it’s been hearing about the action you have all taken.
I’m looking forward to hearing (and sharing) more stories with you all in the coming weeks and months.
Thank-you to everyone who came along and made this years Australian Masters of Property Investing event absoloutely electric.
Don’t forget 1 + 1 = 3 : Remember to look towards the forums and eachother for help, or if you just need a momentum boost.
But most of all – happy investing!
Brent Hodgson
PropertyInvesting.com Admin
brent
Participant
@brent
Join Date: 2001
Post Count: 165
June 2, 2003 - 7:20 am
Hi Daniel,
I think you need to have a look at why you’re investing in property in the first place.
You mention that investing in property is placing financial strain on you. Is this what you intended when you were first investing in property? I get the feeling you invested in property because you wanted to end up in a better financial position.
Perhaps you need to take a step away from the process – and have a look at the benefits you hope to achieve. Do you want an increased net worth? Do you want to retire on the income your property portfolio generates? Do you want to eventually sell your portfolio for retirement?
Start with a goal, and then look at investing in property in ways that get you closer to the goal.
If your current investing plan isn’t sustainable, I think you need to re-evaluate your investment options.
Cheers
Brent Hodgson
brent
Participant
@brent
Join Date: 2001
Post Count: 165
June 2, 2003 - 7:13 am
Hi Ozchick,
The 10 protege’s for the Millionaire Apprentice Program have yet to be selected, and won’t be for about a month.
The applicants are using the next 30 days to go through the next step of the application process – taking action. For them, it may be getting their financial affairs in order, researching the market or a strategy, or doing some deals – it’s going to be different for everyone.
They’ll be keeping a diary of their progress over the coming weeks, and based on their committment and the action that they have taken, Steve will select the 10.
As for the title of the book – it has been selected, but the winner is yet to be announced.
I hope this answers your questions.
Cheers
Brent
PropertyInvesting.com Admin
(Hibernating at home after a huge Masters weekend)
brent
Participant
@brent
Join Date: 2001
Post Count: 165
May 30, 2003 - 7:05 am
I think it’s fair to say about accountants, just as any professional group, that if you want to pay peanuts, you’ll end up with monkeys.
Perhaps ‘value’ is a better question to ask, and not ‘cost’.
As for finding a great accountnat, Steve McKnight prepared a free report a while ago on this topic. I’ve left instructions on how to download it at https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=1458
Brent