Hi James
That makes perfect sense. I made more or less the same point myself []

It’s just not great value if you already had that information from other sources and/or could get it for much less.

Regards
Judi

Hi Steve
I wonder, after having bought “buyer beware” if your previous approach was ‘blatantly abused’ or wether the product (seminar) was outdone (so to speak) by the marketing. I’ve cut and pasted a previous reply of mine that I posted in response to a question about buyer beware.

“I recently bought buyer beware and my intitial reaction was one of disappointment. The templates in particular were far below what I had expected from the advertising. Although I haven’t bought many properties, I have looked at and analysed quite a few, so a lot of what is in buyer beware is not new to me. Also a lot is just extrapolating on the book (0 – 130…..). However, as I worked my way through the book, I did find some pearls of wisdom which, I think, made the purchase worth while. As such (and because the templates are much more nicely formatted than mine and I want to use them), I have kept the pack. It sounds like it will be useful to you as it seems you have not looked at many IP’s, but the fact is, whether or not it will help you depends on your past experience and knowledge and prior reading. This is a risk free investment though as it comes with a money back guarantee. I feel confident in recommending this pack to you.”

I have no doubt that all of your products are useful and fairly priced (sometimes under priced depending on a persons prior experience and learning)for a lot of people, however to some people, it could seem that you’re selling the sizzle and not the sausage. These people could quite reasonably expect their money back.

Kind regards
Judi

Go easy Yack

Hi OPM, no, I don’t but maybe Westan could help you out. I’m sure he would have a lot of contacts. I also invest away from home (or I keep moving away from my investments [?]), and I try to make contacts and find reputable tradespeople at the time of researching/purchasing a property.

Good luck
Judi

Hi Mustang
I don’t expect that will be a problem. With a 35% deposit, I think you can get a loan with no questions asked. There are some very flexible lenders around.
Good luck
Judi

Hi Mustang66

You could try talking to your lender about incorporating those other debts into your homeloan. You could also talk to a mortgage broker and see what other options you have available for finance.

Personally, I’d sell the house (that’s over $200,000 you’d realise), pay off the debts, rent a nice house (for less than $350/week), and put large deposits on a few investment properties. That way, they’d be cash flow +ve so you wouldn’t have to worry about servicing them from your wage. You’d also be in a better position tax wise.

I know you don’t want to sell the house so maybe someone else can suggest a way that you can have the cake and eat it too.

Regards
Judi

Maybe. Details? How much, whats the rent, how big is the town? What age are the properties and waht are they made of?
Regards
Judi

Hi Jacinta
I can recommend 3 simple and easy to read books for a bit of background knowledge about the game.
1. Anyone can be a millionaire, Sean O’Reilly
2. Building wealth through investment property, Jan Sommers (not so simple but a ‘must read’)
3. 0 – 130 properties in 3.5 years, Steve McKnight
Not sure about the spelling of those names.

The first one is by a teacher on a modest salary who became a millionaire within 8 years (before this crazy boom of the last few years).

The second one in particular contains techniques that have stood the test of time.

The third concentrates mostly on cash flow +ve properties, is a much quicker read and more simplistic than the others and more relevant to the last few years.

Reading these three will expose you to a few different ideas and give you a good place to start from.

Regarding expensive seminars, cd’s and the like: just don’t unless there is a money back guarantee. It’s too hard to tell beforehand if it’s a scam and why wouldn’t there be a money back guarantee if the presenter is confidant of providing useful info? There is a seminar I’m thinking of going to where you get your money back if you don’t feel it’s been worth it by half way through. It seems reasonable to me. I’d certainly never charge someone for a service they weren’t happy with, would you?

Regards
Judi

I agree with Suze about the maintenance. Also the insurance seemed high. Are there any cosmetic improvements that could increase the rent? Is there really no chance for capital growth? I sympathise with you. I’m not really attracted to properties that have little chance for capital gain. I also want them to be cash +ve as well. One property returning $50 a week doesn’t seem like much but if you have 20 of them, it’s not so bad. Where are you gonna find 20 though at this time? A different strategy might be called for.
Regards
Judi

Hi Melissa
I jumped straight in the deep end after reading one book (anyone can be a millionaire) and got lucky almost by accident. Since then I’ve learned a lot more and am more cautious. That said, I wouldn’t have bought that first property if I new then what I know now. Thank goodness for ignorance! [:p]
Regards
Judi