yes its quite true, Kiyosaki can sound a little proud at times, even in his books.
But that doesnt mean his knowledge on how to be wealthy is untrue.
i dont really care what their character is as long as its an ethical way, all i want is their ‘secrets’ and knowledge.

does steve recomend interest only? why does he do P & I?

Louise,
shucks, they didnt tell me about the $5000 minimum thing.

All i remember was this constant repetition about how important the ability to make quick and fast informed decisions is, in mezanine investing.

Maybe we do need fast decision when choosing the deal (projects), but i really need more time to do my due diligence and check out their…[Read more]

the company that approached me is called Capital Holdings here in Melbourne. They gave me a prospectus.
bUt during the discussion, the representative said the risks are strategitically migitated and covered, by a 3 partite (or 3 tier?) agreement that if the developer screws up, the project manager will advise the bank not to sell it – instead get…[Read more]

who or what is HK?

wow really? I thought they claim that they have many securities to migitate the risk, how they make sure 90% of the developments are sold off before the loan, how the developer’s assets are ready to be liquidated if anything goes bad, how they make sure that the capital and interest are secure before they even agree to lend the…[Read more]

Westan,
u said property in thse areas are selling before being listed. How do those buyers find out baout them ? Is there a way to know about these deals before they are listed?

eh, how come when i go do a search on Lakes Entrance, i can only find very exp4ensive houses? $100-$200+ !
dont look positive cash flow t o me!

i know hallam is a new suburb, about 10 years old, and the houses there are all very nice new. Most are owner occupied in that area, the growth in early 2003 was about 7-10%. The price range is about 180,000 – 290,000 average. some very nice houses there.

I think these guys are great!

altho i think their software is a bit ex$,, i am still going to their 3 day seminar. What the heck, for $3000, you get a truck load of info from property experts. Save you lots of costly mistakes$$$, and can let you earn many times back the money u invested for the seminar.

Their property startegies are certainly…[Read more]

I live in Sthbank, the other day one of my neighbours auctioned for $249,000. It was a ground floor 2 bedroom.
Overall, i think Southbank is a good place to invest, as the prices will go up quicker than other parts of Melbourne..

i bought their software,.. i think its a bit overpriced…

wha???
people can actually draw their increased equity out from their property and use it as living income?
do most banks allow us to do that?

Then why do the banks always say the value of the property is the purchase price, not the valuation price ???(they never do any valuation anyway which they charge for, all they do 90% of the time is just…[Read more]

whoa! scott, what suburb did u buy in?
are u in vic?

can u tell us who that real estate agent is?
I dont wanna deal with anyone like him!

I was lucky enough to deal with honest and reasonable agents… made friends with quite a few of them.

Next time when u are looking at a house, in the middle of a conversation, casually tell the agent u have this other house or land somewhere that u are thinking…[Read more]

if i dont attend the settlement, how will the rest the purchase price be paid, and the other stamp duty fees etc?
I am taking a loan of 80%, with 5% deposit already paid. 80% i assume the bank guy will give a cheque to the seller. WHatabout the rest? Do i pay my conveyancer first now? WHatabout the other fees?

fullout

Jar,

great! u want to go? I tried to book for 2 tickets but it says ‘error’ when i entered ny credit card details. And i tried both my visa and mastercards… is there something wrong with the richmastery site?

Their seminar is great, eventho its just an introductory one, these guys go thru each of their tricks with u quickly one after another.…[Read more]

why are some of you taking this comment on policemen so personally? Never did i once say ‘all’ poilcemen are acb or xyz. I never generalized in that manner at all. All i said was those specific 2 officers who booked me, gave a bloody bad attitude of intimidation, and never informed me about the licence being suspended for a month. I was totaly…[Read more]

how easy/difficult it is to subdivide a big land then sell off the blocks like a developer? WHat are the processes? Anyone done that before?

Hey i wanna play!
but where’s Hunter’s valley? which state?
i am in Melb.
I found a place in Melb city that sells the Cashflow 101 game cheaper than RichDad’s site.

Has anyone played Brad Sugar’s LEVERAGE game before? How is it compared to Cashflow101?

I been asking around, and seems like Adelaide bank has got the cheapest rate $35pmth. Slightly cheaper than CGU $38.
Bank Of Melbourne had seperate Landlord and Building Ins, and it costed $50+ per month to get both of them.