Sorry mgr- I typo’ed and wrote redlands, when I mean redcliffe- it (Redcliffe) really isn’t an upmarket area, but it is gentrifying, I guess.

Here’s a couple of articles about RE in redcliffe:

http://afr.com/articles/2003/11/20/1069027250381.html

http://www.domain.com.au/public/Article.aspx?a=articles/2004/08/09/1091903483611.html

kay henry

mgr,

You mentioned that the rental return was estimated to be $300 a week. If the area is a low socio-economic area, then people on benefits couldn’t afford those kind of rents- it’s not possible to pay that on a benefit.

I am not sure about lower income people being better payers than higher income people. I think it depends on individuals…[Read more]

Derek,

Thanks It seems like they’re selling a range of products too- cars, and telecom products to boot!

Re your comments Derek about buying 1 growth property and it reaching $1 million in a decade… well, I am not so sure… depends on how much it costs in the first place… or the property could also go down in value, although they have…[Read more]

Good spotting Cel- how did you find it?

There’s an event in sydney in Kogarah too, if anyone’s interested- all you have to do is invest $100 a week, and the aim is to end up with a $million property in 8-12 years… the mathematicians / numbers people might let me know if this appears workable or not?

kay henry

hmmm… wouldn’t you know how to work it out if you had read the book, boof?

The way I work it out- and it’s close enough for me… is to think of the purchase price (say 50k) and then double it to work out the rent ($100 per week)

The 1 second solution is:

50k property = $100 weekly rent
100k = $200 weekly rent
$150k = $300 weekly rent…[Read more]

Jason- bummer. I wouldn’t buy into that Waine street block. An old gf of mine looked to rent one of them 6 years ago when she was in Australia- and really, they were awful. Also, that particular street is scarey- in terms of physical safety. Basically, that place is an old-fashioned high-rise that has become slum, and is well-known (notorious) in…[Read more]

Matt,

I can’t find anything about him on google… which means he doesn’t exist )

Have you got a link advertising the seminar? Who’s he working for? Is the seminar a “taster” for an upcoming expensive seminar?

kay hnry

mgr.. empower yourself! hehe- I just said that because I saw tony robbins- hehe. Seriously, you must have heaps of money to spend if you are going to spend 50k on “add-ons”… as Derek said, this expense is non-tax deductible, and it doesn’t mean the property is worth more than you’re paying for it… generally, the “discount” or “wholesale”…[Read more]

Good morning all

The ticket has been passed on to the lovely PropertyGuru- yay!

Mr Guru, let us know how it went for you

kay henry

WaySolid,

I think a lot of these things depend on personality. Let me begin by reiterating that I think Tony Robbins has a great personality, is broad in his focus, doesn’t speak in cliches or like he’s rehashing a number of other authors, and he is very chilled out.

I found the activities difficult- lots of dancing and jumping, yelling, hugging…[Read more]

geo,

Are you thinking about passive ways? Or active ways? (ie a job) Are you confining the Q to property only?

In terms of property… one could:

* write an article/book review etc to get published in a property mag or online;
* do some spotting

As to other stuff… some people buy vending machines, which they consider passive income- it kind…[Read more]

Yep Brenda, and you don’t feel very special when you get an email titled “FWD: FWD: FWD: FWD:…”

I have a numbers thing… I have to remember so many numbers at work- photocopy code, office door code, STD access code, and I fear if I lose my work diary, then I lose my entire corporate memory [guilty]

Mu bunch of keys looks like I am a prison…[Read more]

hehe Cel… is your handwriting a bit (s)crappy?

kay henry

Thanks Brenda! I like that one- I alomost even smiled, but then I realised I don’t actually smile in 2004- I just use emoticons to express my feelings, so I don’t stretch my real life face, so I did this instead: [biggrin]

kay henry

Greg,

I wasn’t referring to their seminars- I was referring to their mentoring services- I still think the “mentors” would be pushing people into buying certain products via the mentoring.

No, I haven’t had any mentoring- I can’t imagine doing so. I do have friends and family that I discuss ideas with though, and I participate in this forum and…[Read more]

The first post is advertising- of course it is. And when a moderator sees it, they’ll remove it, no doubt

kay henry

I’m sure it will die naturally then, or should I lock it?

kay henry

Thanks Terry Really, I think if you can’t muster up 30% for a property in the inner-ring of sydney… then maybe you can’t afford that particular mortgage. LMI sucks for large mortgages.

kay henry

Greg,

Some of the companies you’ve mentioned- including freeman Foix and ESC, are also selling their own products- property, inter alia. Therefore, it is unlikely that the information is objective…

I guess you’d want to be involved with something that is about YOU, rather than about you being a conduit via which to sell products.

Perhaps you…[Read more]

hehe Joe @ “Hope this makes you feel better, because now that I relived it all for you I feel rotten.” Yer funny

Chefspop, it’s a good point Joe made… in a few years time, you might be back on the Forum telling us what incredible capital gains you got. RE is a waiting game… not everyone makes their fortune in 5 minutes. Maybe you just have…[Read more]