Forum Replies Created
Good question Kay,
Are you sure they are the only properties WBH has on offer or has had over the last 12 mths etc?
Could WBH be turning over a lot more properties “behind the scense” by advertising in other media such as local papers etc?
When you look at a real estate agent’s window, it may or may not be indiciative of the number of properties available at the time.
It might be that the WBH’s web site is not their prime advertsing media.
“Am I making sense?” [
]I’d make the $50 do the work of $100,000s
Here’s how…..
I’d find somebody who needed $50-.
I’d lend the $50 to them on 2 conditions that must be rigidly enforced…..
1) They must never repay the money back to ME.
2) When they are in a position to be able to repay the $50- in full, they must find somebody else who needs $50 and lend it to them on these same 2 rigid conditions.This way, the $50 gets passed around, helping … well, who knows how many people!
It makes my $50 go a long, long way! [
] How cool is that!More stupid responses to stupid questions or statements you can try;
Sombody calls out your name… you reply and ….
Q; Where are you?
A; Here! (well where else could you be?)Somebody holds out a $50 note and asks…
Q; Can you change this?
A; Yes I can… (then you take their $50 and give them a single $5 note!)You’ve been standing in a bank queue for 28 minutes when you finally get to the teller who says (rather robotically)…
…”Sorry about the wait sir”
Respond… “Me too, but I’m trying to loose some in time for summer”Somebody kindly says…. “Gee you’re looking well”
Respond; “Thanks, but do I normally look pretty sick?”But the all time dummest question I get asked at least 2 – 3 times a week is this….
Q; “What was your name sir?”
A; “When?”
You see I wonder where they got the impression I’d ever changed it!
Be warned, this response usually results in a few moments of akward silence until the penny drops and they ask you a better question. Indeed it is a bit of childish fun but watch how easily it throws even the best telemarketer off their prized script! [}
]The survey was about finding a great place for the English to visit.
So i guess Melbourne’s going to be invaded by millions of “pommie tourists” as a punishment for the bragging rights! [
] Does anybody want to take over the “title” now???? [:p]Now the second article… heck, if you can’t work why Sydney won that one then you are way too gullible to even consider going into property investing.
Truth be known, I reckon the survey DID actually get one thing very, very right. Port Moresby was voted last.
Man, I love the people up there, and had a great time when I lived there for three years but it’s a real shocker of a place…. especially for the occassional tourist…. let alone a pasty skinned, beer bellied pommie!
I near wet myself laughing when they released that result!
But not as much as I did when an American tourist, straight off a (lost?) cruise ship in Port Moresby, wearing a beige safari suit and a pith helment asked me if I knew where he could see some tigers or elephants. I kid you not, I think he thought he was in Africa!
Still, the Port is home, sweet home, for some.
Bec, you actually measured it not once but twice???!!! Would have been an interesting date [
]On a more serious note…
This may not relate to Heritage but the topic of other income sources was raised;
A while back I owned my own software business and the product did financial calcs.
A company promoting the neg’gear system approached me to modify the program for them and in the process here’s what I learned about multiple income streams…
1)They get around $600 – $900 from attendees who sign on – this is for an adviser who will tailor the right purchase / portfolio etc for them. (my guess is there wasn’t much tailoring going on!)
2) They only recommend NEW properties and get a commission from the builder / developer of around 3% – 10%
3) They get a trailer ( probably around .25% of the ongoing debt)from the financier who they get to finance your purchase.
4) They get a “referal fee” from the insurance broker (later learned some set up their own insurance broking firm) who sets up the Building and landlord policies.
5) They get a cut of the Property Management fees but often have their own PM coy to manage the property.
6) They get a commission% from the ongoing maintenance costs like repairs, plumbers, gardeners etc
7) Sometimes can even get rebates from the newspapers they advertise your rental properties in.
Of course, nearly all of these you would be paying one way or another if you didn’t go through them however the difference here is how they channel it all into their pockets to make one very lucrative system.
And nearly all these streams get repeated each time you acquire more properites and you become part of their system.
Now I know why one particular company pays (and can afford to pay ) their presenter $500 a night to do his 1 – 1.5 hour presentation. (Work 5 nights, 5 hours per week = $100k p.a.)
Now I truely understand the meaning of generating multiple income streams from one sale!
]
] Does anybody want to take over the “title” now???? [:p]
]
