Kiyosaki' basically just lends his name to he Rich Dad poor dad.. Just like Trump has his Trump acadamy. And Greg Norman has Norman wines Golf Clubs and clothes..My business partner in Napa CA bottled and labeled Arnold Palmer wines Arnold all Arnold did was lend a name and make 5 bucks a case for it. These orginizations are run by very slick and highly cashed up marketing companies. Its just a business of selling information and mentoring.. I have been to many of these… As a spectator because I was financing the deals for the Vendors presenting. I have talked with many of the folks that paid the money to go on the bus tours etc… And for the most part the information that is given has some value, is it worth 40k for one weekend and two bus trips not sure about that.. But when I listen to some of the people I can see where they might have gotten value. Because they were so green that if they had tried to do a fix and flip with no knowledge they could have easily made 20 to 50k worth of mistakes.. IE bought crap property.. spent far to much on REno etc etc. and maybe they learned enough at the seminar not to make those boo boo's..
I luved the bit right at the end when he's in Auckland to give a sales spiel to the masses who all think they're the next legend in sales….
He asks, "sell me this pen". Not one of them has a clue and the camera pans across the room and you can see it's another bunch of suckers being mugged while thinking they're on the road to success.
Yep I agree with the Ex-FX dealer. Not bothering to wait and try and pick a high. Whilst it is now good its time to buy. Come on lets be realistic anywhere near $ for $ is pretty good you would have to say. Rather get the right property deals in a high $$ than have to rely on the $$ and then find properties – thats not my focus. Anyway thats probably just me. I have made a killing on some Cashflow Properties here in Australia. They all are getting me some great + $$ and have experienced some exponential growth in the last 3-4 years. So I am now in the lucky position where I can get maybe 4 USA properties for around that $40-50K range. Sorry to show off I am just excited about the trip and the opportunities that maybe available. Off to the USA next month to buy up the USA. Stacey
I agree, I have usually just transferred the money over on purchase, however now that the AU $ is so good, think I will just bring it over prior to purchase as it makes sense. I am purchasing on average $60K per property.
So where are you purchasing? Will you be sourcing your own deals?
WI
if you move the money to a US account and let it sit there, what intrest rate will you get ??
. if you have the cash here you can leave it in a high intrest term deposit at say 7% per annum if you are drawing down on a line of credit loan you will be paying 7% PA to move the money accross
so will the AUD fall 7% against the USD in the next year ??
.
also what about the state of the US Banking system what if their banks run into trouble again with all your money siting in them
If people really need to be warned about these scamsters Zmagen then woe will befall these people everywhere. Phew..seriously. Get with the picture. The pitfalls were, and are..blatently obvious. Does one need to go bleating about such fundamental errors?..seriously. A fool is born everyday…and to support and shelter them from the truth..the idiocy of their actions..may be to you a "humanitarian"way to cope with his distress, i rather believe that the truth is a more potent tool for change… Truth hurts. Get over it!
And in your own words deano the dung beatle
"they do say of course ones perspectives are of course typically mirrors on the soul "
. I dont wish Gavin luck..i wish him the common sense to be a tad more sensible in the future.
Now Deano the coward you've had your three minutes of fame ……. isnt it about time you evaporated back up your own arse and let Gavin finish his story .
about 12 months ago people(representatives ) where getting out of MY USA Property like rats leaving the ship http://www.uspsa.com.au/ took some of thier customers
I was reading a terrific article on the increasing rate of foreclosure activity, and what in means for the market in various states. I rarely agree with anything CNN says, but the facts seem to be in place in this story. http://money.cnn.com/2012/04/13/real_estate/foreclosures/index.htm Steve
on the other side of the coin , the banks not releasing the forcloses , this will keep rents up and when they forclose on propertys this will keep the tennents up
Hi, Everyone seems to be going on about how expensive real estate is in Australia. Well my family are considering moving to the UK (Bristol) and from my, albeit brief, research, for what you get for your money in regard to space and land size, Australia is still looking like a bargain in comparison!
You do know its full of poms , dont you ?
hey dont get me wrong its a great place to vist………… but