re; book title “‘From Life Sentence to Lifestyle'”

I can sort of understand the publishers view here. Compared to the ” 0 to 130 properties in 3.5 years ” , the first title seems a little ambiguous at a glance. The second title, although a little cumbersome in expression, seems to more evidently convey the subject matter in the main heading, which I suspect they thought is the most eye capturing.

Peter you have $75K equity. I expect that would easily allow you to borrow that. It also depends on your income though. Just see your bank lending manager and if they say no, go somewhere else until you get yes.

cheers,
007

vluu28 I would be getting legal advice and a copy of your contract !

I really feel sorry for you and not the company, who appear to me, to take advantage of the deficiencies of trusting human nature.

I went to one of their seminars that was supposed to be free and it was by the look of it. However before they began they requested everyone sign a non disclosure agreement within the space of about 3 minutes. Just trying to understand the legal language was a challenge in itself. It was a real pressure situation in which every other poor sole signed the contract and I bet not one of them understand the full implications of the legal language.

Suffice to say, I had reservations as I did not understand the implications of this agreement and thus did not sign and thus was not able to be present at the into seminar. And it smelt like a dirty low life rat !

Funny as I was leaving the room, I heard the presenter say quite rudely, there is one of the 95% of the population who won’t own an investment property. This remark which I overheard combined with the uncertain wording of this non disclosure agreement, was enough to make it clear in my mind that this group was less than honorable, and in my mind a damn con job !

Jeez I’m glad I did not sign that thing ! I feel for those that did, i.e every other poor sucker in the room. About 10 of them.

This group has it down pat. They get em in the room put the contract on the desk, prepare to begin the seminar within 3 minutes and you can’t stay unless you sign. They start the seminar before they collect all the contracts so that people get captured by he opening lines and thus then feel the need to sign for fear they will miss out on this secret stuff, they pretend they have exclusive knowledge of, that will somehow give you the edge over others.

They even had the hide to phone me up and ask me why I left. I explained why and then they tried to offer me a free personal consultation. I declined.

I guess the lesson is;

1) never sign anything you don’t understand unless you are signing something that your own solicitor has tried to explain and approved for signing in representation of your best interest. I say this because the reality is that we do sign many things that we don’t fully understand. But when it involves the potential transfer of money, always be extra careful.

2) Stay clear of any group that tries to put you on a guilt trip or make you feel inadequate in any way. These are the low down tactics they use to make you feel you need their help to survive.

3) really you dont need them, anyone can do it on their own by reading and researching and asking questions on online forums and via property investment information web sites etc… ask widely from many sources, speaking to independant accountants and conveyencors etc… Allow your self 3 to 6 months to educate yourself about property investment, before acting.

By the way, at the end of all this, I did my own research on the net, and now own 2 investment properties ( so go shove it up that property group ) , both tenanted and in total costing me less than $80 per week after tax effects. I bought in high capital growth areas where if the market hold true to estimates I can expect good CG of around 10% for a few years. At present my $500K of properties, is capitalising over $1000 per week in growth. I’m happy.

I say forget these silly blood sucking scoundrel low life groups all together. Do it on your own. You can do it !

That said there a a few groups that dont behave in this way and if you research about them carfeully and get wide and varied opinion, you may find one that suits your needs. But as I said, you can do it without them !

Go to it ! Have faith in yourself. Give credence to your gut feeling. Get balanced views about your pending property decision and go kick some property group ass ! Suck their blood for knowledge and then use it for your own gain ! not theirs.

And never, never, never sign a damn thing with them !

Terry wow learn something every day. So what about if you move back in for a year, then rent it out again for 5 years then sell ? Would you have to pay CG then, as you moved back in and it became you PPOR again for a period before you rented it out again.

failing this, you can always join a property club.

cheers

ToeEdge no, just a would be patient of one. hehe []

Bob, I suggest you now build and hold and repat this, until you pay near zero tax dollars if you can afford to i.e. if you have a partner to fund you, then build and sell then build and hold again.

Use the capital gain from your last sale and increased equity from your last hold, to fund your next deposit for build and hold, then build and sell. Then repeat the loop.

While you at it build me a nice little 3 bedder with ensuite and 20m balcony plus courtyard. Actually I prefer a duplex. Find me a nice block please 5 min walk from beach will do.

Thanks
Dave