Forum Replies Created
Nazzy,
Why on earth would you give up university?
For S.McK’s once a week email telling you the virtues of how to participate in the property game.
With a young brain, you should be able to suck up university and do S.McK’s weekly course on your ear.
Property is absolutely dead boring.If it’s done right, watching grass growing is far more exciting.Especially if it’s you’re own!!!If you matriculated, then you CAN DO both.
bruham.
The only difference is, the solicitor will charge you more. Seeing he’ll have too do the real estate’s contract paperwork.
bruham.
It must be all the new posters who want the mentoring.There’s plenty of them!Every second post is from a newbie.
I find it amazing that regular members of this website would need mentoring.
If you’ve been reading this site for awhile, you would think mentoring would be un-necessary.
Absolutely amazed at the amount of posters puting up their hand.Caused the site to be knocked for six.What could anyone teach you for two and a half thousand dollars? Even more curious about the nine thousand,nine hundred dollars.
bruham.
I found the perfect software for managing my rentals.
I went to this(our) website’s archives, only to find then LOCKED. Not much good having archives if they’re always locked.Went to the ENEMY’S website.Somersoft.com.au.
Then to their archives. Typed in “software” and bingo. Five different products.Checked them all out.Excel property managment software was equal with S.McK’s detective product.
Yes they even had Steve’s stupid named product mentioned.
After playing his promo. a couple of times I took the punt and bought S.McK’s version.
Steve please promote your products as professional products, as they are. Not for the kids.Why would anyone even bother to read anything promoted as “detective” ?
That’s my bitch!bruham.
Nothing wrong with living by the skin of your teeth.
Provided you win.Losing “ain’t” much fun.
I did the same for years.Borrowed up to the eyeballs!
Didn’t pay tax for years.
Gave it all to my daughters, in the form of trusts.
Three point two million dollars worth of property each.
If you have the BALLS, go for it.But you are gambling on good times continuing.bruham.
G’day stephen g,
I’m involved in listed and unlisted property trusts.
Listed trusts,you buy and sell through your stock broker.They are listed on the stock exchange.Can buy and sell anytime.
Unlisted trusts must be held for the life of the trust. Mine are usually for seven years.
I’m looking at one now, Austgrowth. Commercial building in Melbourne.With an annual 8% return.
It’s located at 533 Little Lonsdale Street, thirteen levels. Nice building.
Looks like a good return to me.
I’m in three property syndicates with Austgrowth.Shares are through the roof.
Property is over valued with prices heading south.
So the only other choice is in cash. Hold and wait.bruham.
G’day Steve,
This is the easiest question I’ve ever answered.
The answer is NEVER.
Gov’t worker.
Own my own business,have two employees,not including me.
Share trade.
Part time taxi driver(weekends).
Didn’t like my age, so I reduced it by ten years.
So I’m now fifty years young!!!Financially, I’ve reached my point of living in comfort a few times.(one and a half million dollars @ 5% does very nicely,thankyou).
When I reached the above sum, I just give it away.
When you have enough money (reach your goal)you become very lazy and you begin to look down your nose at people who haven’t done as well as you.WELL I DO!!!!
bruham.[upsidedown]
Mini,Mini,Mini,
Do a Steve McKnight. Write a book.
Those Cds only reach people on this website.Write a book,and all Aussie sees it. Hopefully they’ll also buy it and read it.
I’m sure Steve will asist you if need be.
Write it as a workshop manual.
Step one, step two. etc.
At the end of the book,print the most commonly asked questions over the last five years(or what ever you fancy).
Next to their questions write your answers. Then write the possible result of that action. Good bad or indifferent.Anyway Mini you don’t need me to tell you anything. You’re way ahead of me.
May you roll in riches.bruham.
JKM,
Since the last post,I’ve spoken a person in the know about the positions of these clubs.
With the new poker machine tax a lot of small clubs will go to the wall.My information comes from the Dee Why RSL(on Sydney’s Northern Beaches).
Dee Why RSL is a medium size club. To survive the club has built a ten pin bowling alley in the place of lawn bowls.They have submitted plans for a high rise retirement/nursing home attached to to club.Just think,the “oldies” before going to bed, jumping into the lift, racing down to the pokies with their last twenty cents.
Might even pull off a jackpot.So it’s back to the drawing board!
bruham.
G’day Mini,
When I first started reading these kinds of websites(Somersoft),Steve McKnight was far and away the best poster. No could not touch him for his intellectual comments, as well as his down to earth approach to the subject in discussion.
You knew he could and would go far.
Steve was a winner.He dropped off Somersoft as I did later on.
I ignored the internet for a couple of years.Then I stumbled accross Property investing.com site.
Immediately I saw Minimogul’s posts everywhere.
In my opinion,then and now,you are another Steve.
You would make it! It was so obvious.I congratulate you on your well deserved success.
May you triple your successes.I don’t know about this greening the world rubbish. The environment certainly needs some care Mini,from everyone. For everyone to do their BIT.
But not for you to do everyones’ BIT.My karma is that I never refuse a request from a charity.Every letter asking for a donation always gets one. Not having your talent, this is my way of doing my BIT. And I’m never stingy.
Keep going Mini, don’t stop while you’re have fun.
Again, well done and keep smiling.
[biggrin][biggrin][biggrin]bruham- bbruham.
If there’s going to be a bubble burst in USA property prices, how much will all those Aussie investor’s properties drop in price?
If the top of the bubble was seven thousand dollars a house, how far could these properties fall,I would have thought that seven thousand dollars would have been the bottom of the barrel.
My thought!bruham.
abugslife,
Your property deal will need a lot of due diligence.
First question, can the area support this development?
Other questions like, how many units are vacant.Is the neighbour-hood swaped this type of development?
Who’s going to lease the place?
Has any of the other units been sold?
If they have,what will these units be used as?
Are there going to be a dozen spray painters doing their thing there?
Or a dozen mechanical workshops?What kind of industry would lease the place? Mechanics, panel beaters,would it suit a small fabrication workshop(welding-fitting and turning -electrical etc?
The building does look impressive.
Not knowing much about Melbourne,I’ve no idea about cost to value.Over valued,under valued?
Good value!
Good luck,and remember to do your due diligence.bruham.
The question from me is, what do we investors do for future investing?
Property is flat,for now.
Shares are up through the roof.
Cash looks like the only option. AT 5.5% or 6%
at ING and BANKWEST.I must admit to liking the idea of having a decent cash balance in ING.
On a balance of two hundred thousand, at 5% gives you a gross return of ten thousand a year, with no tenants giving you problems.Commercial property will slow down soon.The signs are starting to appear now. Billboards telling the story.
So were do we put our investing cash?bruham.
G’Day Mini,
Quite awhile ago I asked you “what did you learn from S.McK.’s Seminar? You replied “heaps”.
You didn’t elaborate. So now I’m asking, how has S.McK.’s Seminar change you from “before” to “after”?
I’ve notice a difference in you. You don’t debate as you use to.Don’t jump in any more.Don’t post as much.
I once asked you, had you found GOD or had BOY troubles etc. No you said.
So what caused the big difference in you?
It couldn’t be one seminar, surely!!!bruham.
G’Day,
Sorry if I offended you all! It was just tongue in cheek. I didn’t realize how sensive you are.All my life I’ve had to fight to stay with the pack.Not being the brightest star in the night I worked harder than most.
Competition is the only way I can judge how far I’ve come. So for Steve to say it’s not a race, to me, is a little sad.
Competition is everything. I weight myself every morning, on electronic scales. The result I write in my dairy every day so I can compare week after week and month after month. The same yearly.
With other people I know,who are property investers. It’s all about competition. When one of us buys another property it means the rest have to buy them the bar all night.And that hurts.
So you really have to out do them. Can’t finish last. That’s the shame.For those who thought I was having a go at Steven.
I say NO! Not me, no tall poppy syndrome here.
I make quite a few dollars from the wealthy.
My business depends hugely on the tall poppies of Sydney.
Love them tall poppies,water them every day!!!!The Divorce talk again just my humour at play.
I didn’t mean to scare you Steven.Divorce to some one who is broke means nothing. If you’ve got a quid(dollar) it’s terrifying.The”D”word never to be mentioned again!!!
I’ve admired Seve McKnight for many years. longer than most of you lot have heard of him. From his earliest posts on the Somersoft website.
You could always tell he was way ahead of any other poster.Cleaver bastard!!!
Everything he’s done deserves praise. Why I don’t read his books is simple, no time, I just don’t have the time. G’day STEVEN!!!Mortgage Adviser,I would love to know your edited words.
Now back to property!!!!bruham.
With S.McK. guidance they should be adding the U.S.A. to their website.
Australia and New Zealand have peaked.
So Stevie,we’re off to the land of ‘big is better’. Including their WOMEN.Jumbo size, can’t wait!!!!bruham.[inlove]
Another reason STEVIE can’t afford to stop buying property is, he only owns a quarter share of everthing he’s involved in.
If the big “D” comes (divorce) and Bradley spits the dummy. That leaves STEVIE with only a quarter share.
DIVORCE is worse that DEATH!!!
When you’re dead you don’t know it.
When you’re divorced you bloody know it -for the rest of your miserable life.
SHE SEES TO THAT!!!!
For me, three times each one costing OVER ONE MILLION DOLLARS EACH.
I’m going to cry.How do we know how rich S.McK. is? We all know!
On the covers of his books. “O to 130 properties in one Year. Etc, etc ,etc.
The covers of authors’ books should be call SUCKER BAIT.Come in spinner!Just two thoughts.
bruham.[evil4]Dazzling,
What you said might be right, about my assumptions, there could be quite a few people on this website that are in a better financial position than Steve. But I doubt it.(Everyone who believes their wealth is greater than Steve’s please confess.Please be truthful.
No stretching the truth.Not even a little white lie will be allowed).Why wouldn’t Steve tell all his loyal fans about his wonderful purchases. Could there be another seminar in the offering? Put your hands into your pockets to learn more wealth tips from USA Steve!!!
The newspaper cliping stated than the houses cost $us7,000 each. Rented at $100 per week.
Surely any brain dead person could work out that a two and a bit year loan would buy them one of these places for themselves.Low interest rate in the U.S. Eighteen months of principal and twelve months of interest.
So why don’t these people buy there own homes?
Could they be the retards of society. Living in areas that no one else would buy?
Would you rent them one of your investments?“This isn’t a race”. What ashame it isn’t!
S.McK. presenter, at the Sydney Opera House(of course). Black tie occation.
First place for buying more properties than anyone else,category one. Category two, goes to the invester who builds the most wealth for the year.Etc,etc.Yes Dazzling I do remember that rare posting of the gentleman who made a fortune from property investing.That post would be the highlight of any post that I’ve ever read.
It’s a real shame that we don’t read more posts of this quality.bruham.
Come on all you Steve fans. Grab your buckets of money and rush off to the U.S. and buy,buy,buy.
So far S.McK. is far and away in front of anyone on this website, so let’s copy Steve.Notice how Steve doesn’t let his loyal fans into anything he’s upto. Not even after the event.
Maybe “we” give out too much information for our own good!
Is this why they say this website is boring? People are learning to keep their mouths shut, which means this site is doomed!I’ve noticed that most of the long term posters have gone and now we have first up posters.
Without the experienced investers posting then this website will die a boring death.bruham.[glum]
Where does all their information comes from?
Me,being a realist, means I don’t believe one bit of this crap.
I wouldn’t read a Kiyosaki book after reading Rich Dad,Poor dad.Pure fiction.Maybe I should buy myself a crystal ball so I can predict future events.Like when will my lotto numbers come up? I might then buy a lotto ticket.
If any of the above posters believe such crap, then you should be selling absolutely everything you own. Converting assets into cash.
In depressions cash is king.
Owning property in a depression will put all of “us” into bankruptcy. That is unless we buy at depression prices.
My thoughts.bruham.
