Forum Replies Created
“Have you noticed that…
there is no such thing as a rich victim?”*Except, perhaps for Rene Rivkin and Martha Stewart! [
]Billfromoz,
Can’t say I blame you, mate.
I’ve been following Steve since his first websites, been a PAID member of his first online forum (not cheap), and always enjoyed my time and learning… until now.
It has become more and more difficult to get up the effort to come to this site lately.
The number of negative posts and annoying knockers has really lowered the tone of this forum.
I guess when you become famous enough to gather lots of people to you, you’re gonna get some ‘bad apples’ as well.
Maybe the solution is to cull out the ‘bad apples’ by charging a nominal subscription to belong to this club?
Anyway, good luck!
Regards,
JasonHi Steve,
I think it’s a reminder that solutions to problems = money.
In other words, take the books wisdom, and create a solution for:
a) the owners of the properties by taking them off their hands (at a discount)
b) tenants – don’t allow them to get to the stage where you’ll have such problems with them.
Also, if you do the right thing by tenants, you’ll create loyalty and referrals which usually means a higher grade of tenant being referred in.
Jason
Warmly,
Jason Seperic
Triumph Publishing
http://www.triumph-publishing.comTypically, so I’m led to believe, the market will basically crash in Tassie as there is relatively little local interest/pressure to sustain the inflated pricings. Only 100,000 people in Hobart and 440k in Tassie – oh yeah, another telling stat was that 75% of all stock is Owner/Occ! ;o)
Warmly,
Jason Seperic
Triumph Publishing
http://www.triumph-publishing.comHi,
Was there *nothing* you could do to negotiate a win/win? Change the paramenters of the deal with the vendors to give you a more favourable outcome and them the peace of mind that the deal would go through?
Warmly,
Jason Seperic
Triumph Publishing
http://www.triumph-publishing.comSounds as though a wonderful weekend was had by all – v. jealous as I went last year and really wanted to go again…hopefully Steve and Co will run one of these again soon! ;o)
Warmly,
Jason Seperic
Triumph Publishing
http://www.triumph-publishing.comHi Sooshie,
Whilst I haven’t read this book directly, I’ve read another of his on property options which is excellent. If this is anything to go on, you’ll find the other book packed with good info.
I like his no-nonsense approach.
Warmly,
Jason S
++++++++++++
If you get a chance, please check out my new ebay auctions:
http://cgi6.ebay.com.au/ws/eBayISAPI.dll?ViewSellersOtherItems&userid=rapidigital-express&include=0&since=-1&sort=3&rows=25Hi Lance,
Just out of interest, and if you still have the time, I’d love to see a sample of your old ad vs what you used from the wrap pack.
Warmly,
Jason S
++++++++++++
If you get a chance, please check out my new ebay auctions:
http://cgi6.ebay.com.au/ws/eBayISAPI.dll?ViewSellersOtherItems&userid=rapidigital-express&include=0&since=-1&sort=3&rows=25fullout,
try:
and
taken from the SRO of Victoria – you’d be amazeed what you can find online when you have a look! ;o)
Generally, however, the rule of thumb is 5% of purchase price for ALL costs in buying property.
Warmly,
Jason S
++++++++++++
If you get a chance, please check out my new ebay auctions:
http://cgi6.ebay.com.au/ws/eBayISAPI.dll?ViewSellersOtherItems&userid=rapidigital-express&include=0&since=-1&sort=3&rows=25Hi Fullout,
The general rule of thumb for all the cost of buying a property is 5% of the purchase price, so you should allow for about $3500 for your costs on a $69,000 property.
Warmly,
Jason S
++++++++++++
If you get a chance, please check out my new ebay auctions:
http://cgi6.ebay.com.au/ws/eBayISAPI.dll?ViewSellersOtherItems&userid=rapidigital-express&include=0&since=-1&sort=3&rows=25Hi Quentin,
WOW – great idea! I think your list is a great start for the real ‘novice’
One thing, the Neil Jenman book you mention – I had this one and ‘Don’t Sign Anything!’ (which came out late last year.
Probably better to buy the new one, if you’re interested in purchaising Jenman, because the material is much the same in both books, but ‘DSA’ is up to date and goes into more detail (and isn’t all that much dearer).
Regards,
Jason
“Real Estate Mistakes”
Neil Jenman
1st ed. Griffin Press. February 2000.
Approx. $21.80
Kindest Regards
Jason SHi Allan,
The biggest problem I have come across in my investigations into this is:
Double stamp duty eating up any profit – ie. the stamp duty you pay as buyer and the stamp duty your assignee has to pay. Each state has their subtleties about this, but as I understand it, unless there is the ‘look’ of a single transaction about it, a double stamping rule generally applies.
However, I belive that using options creatively would get around this, and I have good reason to believe they will – but the problem of ‘education’ remains – ie. will your vendors be happy to take up your offer of option when they know you will assign the option? After all, they will be selling you the property at a discount for a quick sale, generally, so using a contract that lets you out of a firm committment could be problematic! Chicken-and-egg stuff, it would seem… ;o)
Also, most states have rules regarding when you ‘become’ more than an investor in a transaction – ie. where does the definition of investor and agent blur? If you are ‘seen’ to be operating as an agent, you require the licencing or you can be breaking the law.
Hope that helps somewhat – I have’t done flips myself as yet, but I love the idea, hence the research.
Jason S
Kindest Regards
Jason SHey Felicity,
Sort of like “The Phantom of the Forums”! ;o)
Who hides in the darkness of anonymity and inadequacy only to strike out every so often?
Ah, well, to each their own…
Jason S
Kindest Regards
Jason SHi Steve,
Several suggestions below…
1. ‘Positive Paradigm: From 0 to 130 properties in 3 years’
2. ‘Supercharged Success: From 0 to 130 properties in 3 years’
3. ‘Magic Mindset: From 0 to 130 properties in 3 years’
4. ‘Small Shifts, Big Results (ALT: Small Shifts, Big SUCCESS): From 0 to 130 properties in 3 years’
5. ‘A Plan for Action: From 0 to 130 properties in 3 years’
6. ‘Liberating Lifelines: From 0 to 130 properties in 3 years’
7. ‘The Ultimate Freedom Manual: From 0 to 130 properties in 3 years’
8. ‘How to Go From 0 to 130 properties in 3 years’
9. ‘Aussie Adventures in Freedom (ALT: An Aussies’ Adventures in Freedom): From 0 to 130 properties in 3 years’
10. ‘Following the Flow: From 0 to 130 properties in 3 years’
11. ‘The Stream of Prosperity: From 0 to 130 properties in 3 years’
12. ‘Banishing the Brainwashing: From 0 to 130 properties in 3 years’
13. ‘Who Says You Can’t? From 0 to 130 properties in 3 years’
14. ‘An Odyssey of Success: From 0 to 130 properties in 3 years’
15. ‘Calm Mind, Free Life: From 0 to 130 properties in 3 years’
16. ‘On the Creation of Financial Freedom: From 0 to 130 properties in 3 years’
17. ‘To Succeed, or Not to Be: From 0 to 130 properties in 3 years’
18. ‘If It’s to Be, It’s Up to…ME? From 0 to 130 properties in 3 years’
19. ‘Instant Cashflow: From 0 to 130 properties in 3 years’
20. ‘The McKnight Plan: From 0 to 130 properties in 3 years’
21. ‘Positive Vision, Positive Cashflow: From 0 to 130 properties in 3 years’
hmmm…bit of brainstorming here, got a few more than I thought – hope it helps! ;o)
Regards
Jason SKindest Regards
Jason SHi Hurricane,
Your best bet is to do a search of this (and other) forums. There has been plenty of discussion about them here.
Kindest Regards
Jason S
++++++++++++++++
Check out my E-Bay Auctions:
http://cgi6.ebay.com/ws/eBayISAPI.dll?ViewSellersOtherItems&userid=jayess70&include=0&since=-1&sort=3&rows=25Hi 111111,
ASIC is investigating HK and his company NII for openly stating in some of their publicity material that they are ‘ASIC approved’, which ASIC is contesting in court.
Integrity is important – where does this leave HK & his company. Even if innocent until proven guilty… ;o)
http://www.asic.gov.au/asic/ASIC_PUB.NSF/byid/BAEEC077B29FB755CA256CDF0007D1E1?opendocument
Kindest Regards
Jason S
++++++++++++++++
Check out my E-Bay Auctions:
http://cgi6.ebay.com/ws/eBayISAPI.dll?ViewSellersOtherItems&userid=jayess70&include=0&since=-1&sort=3&rows=25Rhonda,
You should be able to conduct a title search through a Solicitor, or even perhaps get that info through the land titles office (for a fee).
If you’re in Tassie, I know how you can get the info for free over the ‘net.
Kindest Regards
Jason S
++++++++++++++++
Check out my E-Bay Auctions:
http://cgi6.ebay.com/ws/eBayISAPI.dll?ViewSellersOtherItems&userid=jayess70&include=0&since=-1&sort=3&rows=25Hi Mike,
From an ex-tenant viewpoint, we found Ray White in Mirrabooka very good, fair and easy to deal with. They also conducted solid inspections like clockwork. Might be worth checking out, especially the asian lady who is the supervisor there (sorry, I can’t remember her name)…Diem something, I think.
Hope that helps.
Kindest Regards
Jason S
++++++++++++++++
Check out my E-Bay Auctions:
http://cgi6.ebay.com/ws/eBayISAPI.dll?ViewSellersOtherItems&userid=jayess70&include=0&since=-1&sort=3&rows=25Hi Fireman,
If you can get hold of a copy (and they were scarce when it was first printed) try “The Money Tree” by Diana Mathew.
It was featured about 6 years ago on Today/Tonight (or one of those shows), I saw it, bought it, implemented it and am glad to say have a very large level of savings. It is a simple system, but VERY effective!
Kindest Regards
Jason S
++++++++++++++++
Check out my E-Bay Auctions:
http://cgi6.ebay.com/ws/eBayISAPI.dll?ViewSellersOtherItems&userid=jayess70&include=0&since=-1&sort=3&rows=25Hi Tessie,
I assume you will be using the villa as your home (ie. Principal Place of Residence)? I am not sure that the keystart loans are available to investors, but I could be wrong.
Without really looking into it fully, I cannot see that there is a problem with your idea – but it comes down to what you actually want to achieve…I presume, also, that you are confident that you will be able to increase the capital value of the property significantly?
Kindest Regards
Jason S
++++++++++++++++
Check out my E-Bay Auctions:
http://cgi6.ebay.com/ws/eBayISAPI.dll?ViewSellersOtherItems&userid=jayess70&include=0&since=-1&sort=3&rows=25
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