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  • Profile photo of LouiseLouise
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    @louise
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    July 25, 2003 - 2:10 am

    quote:

    Louise, did u sign the form for registration?


    no – I balked after reading the prospectus. Good luck in dealing with them.

    Profile photo of LouiseLouise
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    @louise
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    July 24, 2003 - 5:09 am

    fullout – that sounds like the same prospectus that I received from CHG.

    The part I didn’t like was that although you only need $5k to enter (good), you were required to maintain a $5k balance in their holding account earning a whopping 2% – 6% pa. In today’s climate, I expect it would be closer to the 2%.

    And they didn’t really explain how you “got in” on the deals. Did they choose your money, or did you choose their deals.

    I have also heard stories that you only get access to the big deals (ie, the 25% returns) once you’ve done some smaller ones, or when they decide they like you, or something…

    Interesting to hear that some of HK’s disciples have lost money on a Mez deal. I thought he structured his so they were bulletproof (or is that just bulletproof for HK??)

    Profile photo of LouiseLouise
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    @louise
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    July 22, 2003 - 2:57 am

    I just had a quiet giggle reading this thread. I read the comment about “piles” and “GV” without giving it too much thought. Then I read that Aussies have no idea what these things are! So many local terms that we don’t even realise are local…

    (Kiwi, living in Aus)

    Profile photo of LouiseLouise
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    @louise
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    July 15, 2003 - 1:49 am

    I’ve heard of them. They have a lot to do with Property Consulting Group (PCG) and Henry Kaye. They charge a fee (~$900?) which is refundable if you do business with them. I’ve been to a few presentations by Paul Lemme, and he never really gives any detail – just says come in and see me (and pay me some money) and I’ll tell all. I never did, but would be interested to hear your experience.

    Profile photo of LouiseLouise
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    @louise
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    July 3, 2003 - 4:47 am

    another cute ploy of NII is to send you emails that look like this,

    Due to the fact that we have a large number of students wanting to attend [the conference] and because this exclusive weekend normally costs $4995.00 to attend, to reserve your seat we will require a holding deposit of $500.00 which we will only charge you if you fail to attend the event.

    I will contact you over the next 24 hours to confirm your attendance and organise your personal invitation to be sent out to you …

    and they have the nerve to sound upset when you tell them you have no interest in attending their latest greatest seminar/course/etc.

    Profile photo of LouiseLouise
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    @louise
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    June 30, 2003 - 5:53 am

    Another one I found recently was “Your Money or Your Life” by Joe Dominguez, and the follow on book “Getting a Life” by Robin someone…

    American writers, but the ideas are sound.

    Profile photo of LouiseLouise
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    @louise
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    May 27, 2003 - 7:33 am

    One technique I’ve heard of (but haven’t done) is to refinance with a different lender. Because you already own the property, the contract price has no relevance, and the new lender will use the valuation price.

    Profile photo of LouiseLouise
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    @louise
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    February 28, 2003 - 7:38 am

    Well, I reckon I’m a pretty good tenant too, and I NEVER deal with agents. ALWAYS pay my rent on time, and treat the place with respect. About half the block is owner occupier, so the neighbours are pretty good too. Also haven’t had a rent raise in 2 1/2 years. [:D]

    I think the key ingredient is “no fuss”. If the lease trundles along with no conscious effort on either party, then it’s a good tenancy. My landlords are pretty relaxed and laid back too.

    Profile photo of LouiseLouise
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    @louise
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    February 13, 2003 - 5:28 am

    quote:

    Have a look at this site which has a further discription re the clock
    http://www.hpc.co.nz/property_clock.php


    I would be wary of using “The Auckland Property Clock” to gauge the market in Australia. (I’m a Kiwi, BTW). My parents have just bought a place in Chch, and we were discussing property booms, etc. They haven’t had one the same as we have here. The situation is completely different – no FHOG, no stamp duty, no massive growth spurt like we’ve just seen.

    I’m not disagreeing with the “ripple effect”, just the thought that someone might use a NZ clock to justify something in Oz.

    Profile photo of LouiseLouise
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    @louise
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    January 20, 2003 - 8:38 am

    Thank you for that Terry. I looked into setting up a trust in NZ, but decided against it for various reasons. Looks like the rules are similar here.

    I’m looking for a way to protect my assets from (for instance) a greedy ex-defacto boyfriend who decided that half mine is his, that type of thing…

    I’ll check out the Nigel Renton book – I’ve seen it in the bookshops.

    Profile photo of LouiseLouise
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    @louise
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    January 15, 2003 - 4:26 am

    and sort of related – what about setting up a company?

    My understanding is that if you are negatively gearing (which is not the game here) then you own property under your own name so you can claim back the tax. But if we’re not claiming back tax (because we’re making profits, not losses) then what advantage is there in buying property under your name?

    Also, can you be the sole trustee and the sole beneficiary of a trust? That is, I don’t want to share with anyone. :-)

    Profile photo of LouiseLouise
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    @louise
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    January 8, 2003 - 8:51 am

    Nathan, you’re incredible. I wish I was half as motivated. I’ve been “going to start” for a while now. I have a thousand excuses (anyone wanna hear them?)… [:D]

    Keep it up.

    Profile photo of LouiseLouise
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    January 2, 2003 - 3:49 am

    quote:

    “look half the blocks are already sold at 75k”


    um, isn’t that lying? False misrepresentation. Or whatever else you want to call it.

    What would happen if someone found out and got p—ed off about it.

    Profile photo of LouiseLouise
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    @louise
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    October 14, 2002 - 11:38 pm

    The course is now structured differently. It’s not a 4-day course, but appears to be more of a correspondance course with home study materials (presume notes and CD-ROM) and seminars held on each module once you’ve done the home learning bit.

    This is good, because it means you don’t have to spend 4 days frantically scribbling notes. But I don’t think there’s a money-back option. The guy implied that once I was in, I was in. No way out.

    Also, Andy paid $3500 a couple of years ago, my work colleague paid $10k about a year ago, and now it’s $15k. That’s one hell of an increase… I guess they’d rather have 2 people pay $15k each, then 10 people pay $3500. Less work I suppose. Fewer annoying clients to have to deal with… ?

    Profile photo of LouiseLouise
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    @louise
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    October 14, 2002 - 8:21 am

    Thanks Julian. I’ve seen many of those websites (thanks to Sooshie for this). I read The Secrets of Getting Rich over the weekend (printed it out and took it to the beach [8D]).

    I’ve also cancelled my appointment with NII (and therefore “saved” $15k already, although they were quick to point out that this could be a drop in the bucket with all the great deals I’d be making).

    I’m going to keep reading for a few more months, and do something in the new year.

    Thanks to everyone for their feedback. It’s refreshing to get so many honest opinions and to read about other’s mistakes. So often in forums, people who admit to a mistake get slagged off for being so stupid, so you never get a free discussion.

    You guys are my mentors. [:D]

    So, where do I find a good property investment accountant on Sydney’s Northern Beaches…?

    Profile photo of LouiseLouise
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    @louise
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    October 8, 2002 - 7:56 am

    I discovered about half an hour ago that a work colleague did the course, and even has the course notes which he is quite happy to lend me. He also said that anyone with a regular 40+ hr/week day job is going to be hard pushed to spend the recommended time following the course recommendations, and that only about 0.5% of the course participants would “succeed” using the HK method (no, he wasn’t one). While he thought the course was not exactly a waste of time, he wasn’t ready for what it gave him.

    I think I’ll save my $15k.

    (which you can finance, by the way. $500 down, and the rest over 4 years)

    Steve, I can’t do your seminar next month either. I’m going to be spending my hard-earned cash on a warm tropical diving holiday. :-) When’s your next one?

    Profile photo of LouiseLouise
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    @louise
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    October 7, 2002 - 7:48 am

    my thoughts exactly. Thanks both for responding.

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