Originally posted by wezwaz:

They create an aura and very cleverly tap into a basic human want – to get rich quickly without expending much energy. This is a very strong temptation and we have all felt it at some stage of our lives… We fear missing out on some big secret.[grad]

yes absolutely right, It’s difficult to resist, especially as a…[Read more]

Originally posted by Geronimo:
While I would agree that most property seminars are overpriced, and not value-for-money, if I had the time again I would still have gone to every one.

The reason I say this is the people I was able to meet and network with along the way. I have met some great like-minded people who have become great friends and…[Read more]

Originally posted by geo:
… I think .NET is the way of the future – atleast for the next 5 years. Do you know alot about VB forms secure SQL. …?

OMG [ohno] … you obviously haven’t heard of PHP

Originally posted by Still in School:
any investors out here want to admit, they were once a tenant before..

(come on guys, dont hide.. but who here, ones once a tenant..)

seriously what’s to admit, 95% of places are cheaper to rent then buy… why wouldn’t you rent? Until you’ve reached success in my view the only sensible way to buy property…[Read more]

The problem I have with gurus is that they sell their seminars at $1000s because they can…. not because it’s good value…

In my eyes you can learn either self-tought through books, forums, failures, etc or coaching, where you get to spend time with a mentor or experienced friend on an ongoing basis.

The seminar belongs to the first category…[Read more]

Originally posted by Celivia:
I’d also find it interesting to know why people choose NOT to select an avator.

So… digging deep into your mind…is the reason you (and other avatorless people) haven’t chosen an avator because:
*You wanna be mysterious?
*You cannot find the one you wanna be associated with or descibes you?
*You dunno how to get…[Read more]

So true, do want to get the Thursday off at least also

Kay if you can seriously and honestly say that if you had a million dollars, you’d continue your job day in day out, then congrats – your getting paid for living your dream. If not, I would say use it as a temporary vehicle on your way to that first million and get out of that job fast!

Another way to look at it: Would you do what you are doing…[Read more]

hi aaron,

sorry, don’t quite understand… how do you then work out contractually to pay the remaining 20% to the owner. Will you own (and occupy, derive income from) the house in the interim?

Also if you’re making the move (and ask vendor finance) I presume you’d have to be searching for a loooong time to find someone willing to do it(?), or is…[Read more]

Hmm… have to answer my own questions again…
either that or CBD units aren’t all too popular [blink]

well, this is what I’ve got so far…
1) after the 99 year lease the lease gets extended
2) so investment should keep rising in value like any other property
3) oftern buildings last more than a 100 years, it’s generally the interior that gets…[Read more]

probably wouldn’t sell either…

however if you must I would have thought Jenman would be the authority in this area, so it seems you’re on the right track…

Hi Ab,

also welcome to the forum.

Yes that’s the 11 second rule and you’ve pointed out a quicker method of calculating it.

Of course this should NOT be your only factor in deciding on a property. Steve makes a point of this in the book. It is just a very first step to sort the possibly good from the bad. Once you’ve narrowed down your choices…[Read more]

couldn’t agree more…

1) planning and action = success
2) planning but no action = no success
however
3) action but no planning = success (with persistance)

underlines the importance of taking action

good luck julie… and welcome

why speculate anyway?… just too many factors… a fall or rise should be considered in your strategy

for first home buyers… no stamp duty is a major saving though… there is little more than the deposit left to pay considering the $7000 grant also

glad I waited a little [biggrin]

oops… investors forum… *runs away and hides*

I know……… herpes … hmm

Hi,

dont have any knowlege of the house or area. Looks like you have a solid due diligence process in place, which in my view is step 2 (finetuning/ researching the deal).

The easy way (step 1) I would decide on whether I knew it is a GOOD deal is do the following:
1) Have selected this area as best of at least 10 other areas (potential for cg,…[Read more]

Originally posted by Rugbyfan:I have never put one on a property, always borrowed 100% plus costs. You can still find an occasional +ve CF properties with high enough yields (15 – 16%) to support 105% borrowings.

You would have to have considerable equity or savings to get a 100%+ loan, no? Or is it the positive income alone? Pointers on how ot…[Read more]

suppose you have to work out the numbers to tell you which saves you money… if trading is the way to go you could get a company if you fall into the above 30% bracket – as pisces mentioned