Im not very happy with richmastery. I was looking at a property of theirs, granted it was in WA not NZ where they probably know the market better. I got some contacts to check it out and their summation of it was that it was a “shocker”. And it was, location was wrong, purch price over inflated, sold for more years before, etc etc etc. List goes…[Read more]

I am looking at buying in Sydney for a residential terrace or converted warehouse to use for an office downstairs and residence above, since we spend so much time in Syd for the business (saves on accommodation also and should go a long way to eliminating our large tax bill). I was looking at Alexandria, though I preferred Nth Syd/St leon/Crows…[Read more]

Ive recently bought 3 properties in Frankston that for me are onyol cash flow psotiive after tax, but long term they should convert. I was after CG’s mainly and I think Franskton is tipped to go.

Thanks everyone, this meant a lot as I was losing sleep, believe it or not!

The company, yes it makes a good buck (today), has a “fee” relationship between itself and the Discretionary trust. The ideal scenario would have been to have the business in a trust as moving money between trusts is so much easier, but that was a mistake of going from a…[Read more]

Thanks everyone. For me, I feel like I have a lend of the business, and I need to be ready should that carpet be pulled out from underneath me and that can be without warning. I am a “make hay while the sun shines” kind of person and we all know that if we knew in advance that we would lose our job/income/business within 2 years, how would your…[Read more]

20 reads no replies – I really need some advice…

What did the Chinese couple call their retarded baby?

Sum Ting Wong

Why does Mike Tyson cry during sex?

Mace will do that to you

I went to their Sydney seminar and well, the first day was good, the second day started to shit me and I didnt even go on day 3. The hours are a real nuisance and the deals that go up on the web are few and far between with investors needing to act quick before they disappear. Forget the mentoring service, you dont need it. Cant say I have changed…[Read more]

Chris,

Fantastic situation and a brilliant base. I have attended one course and am attending a second one on Aug 9 in Syd. These two courses are what I consider to be the better choices. Im very choosy about these things.

The first one I attended was Steve Navra course for $260ish. Two days, great value and simply amazing stuff. He could make…[Read more]

[] I am stunned. Not surprised, but really angry for you. I got that kind of **** on Friday with a market dominant supplier. Meet you at the ACCC, Ill be sitting in reception!

Harris,
Go to http://www.navra.com.au and send them an email. He has another Melb cource in Oct 03 but Id get in now as it goes fast. You’ll be very glad you did. I will be visiting his Sydney offices next week.
Jars

Gavalynn
I think this service is a superb idea and will probably only buy this way. I am time poor and you end up getting just as involved when a deal looks like a go anyway. My buyers advocate cuts out the many unsuitable properties that I would have wasted my time on and we get together and discuss only the potentials. I agree with Stu, choose…[Read more]

Unmarried mothers deadbeats! Mate thats harsh, my own mother sends a two finger salute (very smart lady with 3 brilliant children who came to the country with 10 dollars!). Geez.

Im on the course at the moment. Day one completed today and back tomorrow. Im enjoying it, and I like what he has to say. I will be interested to see what comes out of the free consultation, but it wont be conducted by him, but through his financial advisers. I will be visiting both the Melbourne office and his Sydney office soon enough, and will…[Read more]

Hmmm, Michael, this isnt the first time youve left me somewhat speechless. Thats pretty rare for me. -sigh- ok, so I launch into a commercial property at 8.5%, do I review it each year/quarter/month etc? Do we continually review each +ve cashflow property for better loans, better deals elsewhere, better properties…

The reason I did this is because when you are assessing so many properties, you need some rough guide so that youre time is well spent investigating the ones that will work. I thought there would be other quick calcs. In handing the brief over to the buyers agent also, I wanted him to have a quick guide too, so he knows what my min % consideration…[Read more]

Other than the 11 second rule, and the margaret lomas 0.175% of PP. what other quick formulas are available to discover if a property is cash flow positive, theby setting a limit to what one would pay at say auction to get X % return etc. Any good ideas?

Has anyone got any good ideas on how to run some numbers when it comes to property – numbers that you use as a rule of thumb as a precursor to investigating a property for positive cash flow?

This is a valid post. A novice has to have quick formulas in their head prior to proceeding with due diligence.. What other quick calc’s are available?
Jars

Dragon, Which company checked out best for you? Are you QLD based? Which bank was best?
Thanks
Jars