Hi MooseAndy,

Not sure if you are still interested, but I have listed my copy of the MasterClassStarter: How to go from 0 to 5 properties on E-bay

http://cgi.ebay.com.au/MasterClass-Starter-Steve-Mcknight-/260675899714?pt=AU_Business_Industrial_Courses_Educational_Services&hash=item3cb17e9142

Starting bid price is $100, and duration is 7 days

Kind Regards,

Kong

G'day Scotty,

Firstly, I'd just like to say welcome to our community!

This is a great place to discuss any issues regarding property investing. Whether you have questions about investment strategies, finances, or legal aspects – this is the place to be! And I'm sure you'll learn quite a lot simply by browsing the forums, and will enjoy your stay here!

Rather than rushing out to buy a property I suggest that you take some time to think about what it is that you ultimately want to achieve from property investing and to invest in your knowledge first. What is your goal? Can you assign a number to it? When do you want to achieve this by? And WHY do you need to achieve this? By being clear on what you want you will then be able to determine what strategy would be best for you, whether it is renovations, buy and holds strategy etc.. Its better to invest a few hundred dollars in your knowledge and advice, than to lose thousands of dollars later down the track.

If you like Steve's books, then you would probably love the 'MasterClass Starter Pack: How to go from 0 to 5 properties', which goes through all the basics you need to know about property investing, from identifying what real estate strategy is best to achieve your financial goals as soon as possible, to financing & accounting, and understanding what drives property prices and how you can ultimately profit from your knowledge.

If you are interested, I can supply you a copy of the MasterClass Starter Pack in excellent condition at a 70% discount i.e. $150 (Postage and handling included)

Regards,

Kong

Hi Ricky,

To be honest with you, I do not know about the other cities, and haven't done much research on Australian properties and market – I have mainly been focusing most of my studies on other asset classes such as shares and commodities.

However, if I was interested in the Australian market, I would consider buying reports from http://www.residex.com.au/ – this where a lot of property experts like Steve McKnight, and Dymphna Boholt get their information from.

Warm regards,

Kong

Hi Ricky,

I assume you are referring to Steve McKnight's Property Clock from his third book, which illustrates that real estate market moves in cycles of price growth and decline

In my opinion I believe most of the growth has already occurred in Melbourne and that the 9 o'clock phase in Melbourne is ending i.e. there will not be any rapid price growths this year

Hope that helps,

Regards,

Kong

Hendrick2:

I apologize for being blunt, but I think you are a bit all over the place and aren't 'Focused' enough… On one hand you want to take the passive approach with long-term capital growth, and on the other hand you want to take the short term active approach of flipping properties. I think its best to focus on one thing at a time and to do it really well, instead of spreading yourself out too thin in terms of resources and time, which can be inefficient

In terms of achieving Capital Growth I think it all comes back to the simple law of 'Supply and Demand'

Amongst one of the key factors that affect capital growth is the 'location'

• How close is the property to the CBD? 
• How close it it to areas where there are jobs?
• How close is it to the sea?
• How close is it to shops, schools, hospital?
• How close is it to public transport?
• How close is it to a neighborhood that had boomed?
• Has public/private money been spent on that area?

The other main key factor to consider is the characteristic of the 'property'

• How much land does the property have?
• How many bedrooms and bathrooms does it have?
• How architecturally appealing is it?

The first book I read by Robert Kiyosaki was 'Rich Dad, Poor Dad', which was highly recommended by a good friend, and ever since then I've had an insatiable hunger for financial education

The book was inspirational, eye opening and taught me many financial lessons that I did not learn at school. Amongst one of the most basic but important lessons I learnt was the difference between an 'Asset' and a 'Liability'

• An 'Asset' is something that puts money in your pocket
• A 'Liability' is something that takes money out of your pocket

If it wasn't for this simple lesson, I'd probably be heavily in debt right now with many loans e.g. sports car, consumer debt, rather than aiming to invest $50,000 in mining stocks before the end of 2011

Hendrick – It's good to see your enthusiasm and that you are willing to not only educate yourself, but to also ask for help and advice. However, before you buy any properties I think it is crucial that you take time to think about what it is you ultimately want to achieve and why you need to achieve this. If you are looking at real estate as a medium for wealth creation do you want cashflow, capital gains, or lump sum cash? And what time frame are you looking at? These questions will ultimately determine the property you should buy

This is my first time attending this type of conference and I thoroughly enjoyed it! ^___^

Not only has this event changed my context, but I feel more positive and confident about the future ahead of me. Seeing all the possibilities out there that I never knew existed and seeing how regular people like you and me succeed is simply INSPIRING and EMPOWERING – "I can do it! You can do it! We can all do it!" From this seminar I feel like I have found an inner sense of peace, and although the journey to financial freedom will be a tough one, I know I will succeed and that it is only a matter of 'When'

I would like to thank all the staff, guest speakers and volunteers for making this AMAZING event possible!

P.S. I am also thankful for having the privilege of having Mr Pat Mesiti and Mr Peter Daniels as mentors to guide me in all areas of life, from finances, to health, and relationships