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  • Profile photo of fulloutfullout
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    @fullout
    Join Date: 2003
    Post Count: 233

    guys,
    We still have doctors debating whether we
    need supplements or not. Some docs agree, some don’t. But i did see myself getting improvements from taking certain pills. And i have friends who take supplement pills and see their cancer reduce and heal. I have also doctors who advice me to take this and that supplements for such and such a symptom.

    Well you know how these research are, the result depends on how they run the tests and experiments. Just recently last year ,the Australian news on tv just released a new ‘discovery'(!!), that eating fish and mediterranean diet gives us Omega oils which are good fats! I thought, “gee thats OLD NEWS!” Well that info was known in the nutritional field worldwide for years and years already, but the government and some researches find it necessary to test and test again. If they dont see it with their own eyes, they think its not advisable to release such statements to the public.

    I have read journals who say supplements works, and journals that say “no conclusion”. It doesnt matter, what matter is whats your experience with it. If u think it doesnt, and u dont like it, then dont take it.
    :)

    Profile photo of fulloutfullout
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    @fullout
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    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.

    Profile photo of fulloutfullout
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    @fullout
    Join Date: 2003
    Post Count: 233

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

    Profile photo of fulloutfullout
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    @fullout
    Join Date: 2003
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    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 performance first, THEN if i am happy then i will go into their Stage 2(choosing the deals). They seem to generalise too much that if you cant make the fast decision to register with them now, then u can’t cope with the fast pace of the deal choosing.

    I have reason to believe that i was misleaded in the meeting to think that it is a very secure investment with very very low risk.

    Louise, did u sign the form for registration? They said my credit card will be billed in 7 days, i wonder if i can pull out now, and take more time to check it out first. ( I thought i’d just fill it in, and then if i dont like it, i will pull out later, since i asked him to withhold my form first.)

    I do think their info seminar on property and mezanine is very good tho.

    Profile photo of fulloutfullout
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    @fullout
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    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 a new builder in etc..
    ya but when i read the prospectus, under RIsk, it says there is no guarantee that the investor will not lose their capital under a few circumstances – eg market value drops, or the developer “defaults” ( what does it mean?)….

    Profile photo of fulloutfullout
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    @fullout
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    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 developers etc?

    Is anyone esle doing this mezanine thingy, and how is it going? PLease tell your expereince in this.

    Profile photo of fulloutfullout
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    @fullout
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    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?

    Profile photo of fulloutfullout
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    @fullout
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    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!

    Profile photo of fulloutfullout
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    @fullout
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    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.

    Profile photo of fulloutfullout
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    @fullout
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    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 very different from the mainstream investors who only go for Neg gear or people who urge you to pay off your loans quuickly before you buy another IP – eg authors like Anita Bell (who teaches how to repay your loan in 3 years).

    I also love their book written with Brad Sugars. Book’s a bit thin
    But i learned more from their seminar tho.

    Profile photo of fulloutfullout
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    @fullout
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    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..

    Profile photo of fulloutfullout
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    @fullout
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    i bought their software,.. i think its a bit overpriced…

    Profile photo of fulloutfullout
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    @fullout
    Join Date: 2003
    Post Count: 233

    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 use the purchase price).

    Profile photo of fulloutfullout
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    @fullout
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    whoa! scott, what suburb did u buy in?
    are u in vic?

    Profile photo of fulloutfullout
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    @fullout
    Join Date: 2003
    Post Count: 233

    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 of selling soon (doesnt matter if u have or not), near his area. Then casually say maybe he can help u sell it when u are ready to sell.
    This will make him say “oh yes, if u want to sell that in the future, i can sell it for you”.

    Now u got him serving you and trying to win your friendship. They will be damn nice to u and kissing your ass after that, believing they got a big deal ahead.
    [:D]

    Profile photo of fulloutfullout
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    @fullout
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    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

    Profile photo of fulloutfullout
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    @fullout
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    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. And they do have lots of tricks to buy at wholesale or no money down etc up their sleeves.
    I went to the bradsugars seminar, and he talked about his and richmastery’s property tricks, and its sure damn good! i will try to call them to book a ticket yah!

    Profile photo of fulloutfullout
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    @fullout
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    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 unaware of the suspension until last week, 2 weeks into the suspension.
    And i wasnt speeding in a 60 zone at all, I was going 85 in a 80 zone passed a yellow light into a 60 zone, and the police stopped me, saying i sped 85 in a 60 zone. I admit i was speeding a little bit, but i dont get that “i am going to kick your ass you dog’ intimidation from them.

    And it has got something to do with property investing where we can all learn something about – where do u take your complain if someone in power is trying to be funny with you, and never informs you about things like suspension and ‘other charges’.

    Profile photo of fulloutfullout
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    @fullout
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    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?

    Profile photo of fulloutfullout
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    @fullout
    Join Date: 2003
    Post Count: 233

    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?

Viewing 20 posts - 101 through 120 (of 187 total)