Mortgage advisor why did you repeat what I already said in my last post regarding how easy it is to control this much R/E?.
As far as get of your ass and do it…well all I can say is…..this is not a relevant comment.
Someone said about deposits being $500 etc, yes it true of course you can do this but it is a dangerous game, having so much property and being so highly leveraged, which is one of my points.
All I say is it is not an easy thing to go from zilch to financial freedom, while many would like us to think so.
Stop worrying about making money??….are you nuts?, I didn`t see the show but I have been a critic of the idea earlier……and all I can say is “Show me the money”.
I`ve known about stories on this show which are totally fabricated, so I give the show no merit whatsoever.
What did these people apparently achieve, a CF+ position, equity what?.
To have your name on millions of dollars of R/E means nothing, you could be bankrupt next week.
You will definately find a house like that around 15 ks ormore from Bris CBD, no problems, try Jindalee, Riverhills,Westlake,Jamboree Heights, forget Ipswich. Kenmore is good too but maybe a little more pricey.
Mtommaney is good value and for some reason has very large blocks of land, Bellbowrie is also great. Take your pick you`ll have no problems.[strum]
I don`t give any credability to the jealousy rap, this is nonsense, you got a question, you ask it.
I DO NOT want to know SIS secrets, and don`t believe he should feel the least bit compelled to give them either, all I wanted to clarify was the fact that he did not start from 0 and make this money in 12 months, he explained that he saved for a long while and used a guarantor to an extent, that explains enough for me.
Why do I ask?, simply because making money in R/E is no picnic to the majority and to tell beginning investors these kinds of stories would be misleading in the extreme.
You can`t buy experience which only time can bring but good luck SIS sounds like you deserve it.
Well done, not many your age could do the same.
Lifeexp yes in a perfect world, but the big intangable is “time”, you can control money but you can`t control time.
There is risk in all things, and to keep it to a minimum of course is EVERYONES aim, but what one investor calls risk, another may call opportunity.[buz2]
I wholeheartedly agree with Richmond, a healthy scepticism is essential imo, if you are to become truly financially independant.
It could be said that sceptics are negative, but to me it is exercising your mind and your right to use it, if you believe everything you read you will be stoney cold broke in no time!.
I envy SIS having that sort of equity at such a young age, with that my life would have been completely different, I`ve had to work long and hard to get to where I am right now and find it hard to believe anyone could start from 0 at such a young age and make so much in such a short time, I`m certainly not saying it`s impossible.
I`ve read books for many years and tried different techniques in getting ahead right from the start, but guess what, they didn`t work for me, did I quit no but it developed a healthy scepticism when at a young age I saw more than a few people gain and lose a fortune overnight and never recover.[cigar]
Very well done! at such a young age but certainly there must be external circumstances which helped SIS accumulate this type of equity in such a short period of time.
It would not be easily done to do this with no help at such a young age, if in fact you started with no money.
[blink]
What people say they are worth and what they would actually be worth if they sold thier property are two different things, could be heavily reliant on the market and depending on the total value of the portfolio, could wildly fluctuate with a minimal changes in conditions, one thing I`ve learned, the paradym swings both ways.[cigar]
I`m interested in this topic cause it`s something I`ve given a lot of thought to and I did at one time tend to agree with this point of view.
But of course everyone can`t own 130 houses, at some point supply and demand comes into effect, after all if there is an oversupply of rental properties the tenants will get the last laugh.
But I also believe that the more people that run businesses or attain wealth, and generate business the better for the rest, I think the general standard of living is raised for all, but still there must be more than a little thought given to those “have nots”.
I don`t think it would benefit society too much too have too wide a gap between the rich and the poor.
Valuation is very dicey, it`s what someone will pay that`s the true worth, may be more, may be less.
If you were to make this $20k instant equity and sold you`d make next to nothing, you may as well get a job in R/E the pay would be better!.
If you were to accumulate R/E this way then be forced to sell, through lack of tenants, lost job, or many other reasons you would actually be bankrupt unless the market moved significantly.[]
It comes down to your own motivation for what you do….simple, but people CAN change.
This is difficult but not complicated imo.
As far as all people avoiding pain it is a false perception imo.
In fact, it is often said the measure in your acheivment is said to directly commesurate with your ability to walk through pain, or to endure hardship to find your own answers.[]
Do you think all heroes save others so they can get a pat on the back?, I have never saved anyone but I doubt someone would risk certain death for the addulation, people do things sometimes simply because they care about others regardless, in fact everyone does!, in small ways.
Bill you said “All our actions are to either, make us feel better or to avoid pain”.
Maybe you could add to that “or to make others feel better or avoid pain.
It could also be said that “perception is worthless, reality is priceless”.[^]
OK Pisces I bite again, but only in the very slim hope I can leave this forum on a positive note, if my post were out of line I apologise to Steve and the other forum people.
Who bought up Christianity?.
Who repeatedly made claims about what I said which were clearly false.
You are answering your own questions now thanks for that.
You can regard my silence any way you want, fact is I have a very serious aversion to bullshit.
I am prepared to cop it if my post are out of line, I say what I do and do what I say but I do not cop what is not right in any shape or form.
If I failed to reply to someones elses post I do apologise I have very little time on the net.
You said this Pisces.
[Even a person like Kay who is a self professed atheist
appears to adhere to this kind of outlook.
I just don’t understand.
I was not responsible for the vendor being in financial strife. I am merely making an offer. I don’t see this as taking advantage of someone else.
Sell it to someone else for a higher price.]
Why does this not surprise me that you still don`t get it.
Not only are you using old arguments in order to cover your tracks, they are arguments you clearly manipulated for the sake of an argument, you still do not listen when three times I said wrapping of course is not ALL bad, not only this but I also have repeatedly told you I never said buying property cheap was wrong, what I said was seeking out people in financial difficulty to purchase property at well below market prices is wrong IMO.
You have manipulated the discussion, in fact all of them, with extreme nonsense, which is so far removed from the tone of the discussion I am in disbelief, check the posts the evidence is there, you have flat out LIED and you are so transparent and hypocritical it is laughable.
It is not a good idea to call a person a FH, twisted or the village idiot on this basis.
My question regarding MAP are fair comments, but they go unanswered, maybe my wording was a little harsh, I do regret that I did not take a little more time to post them, but since I considered going to the seminar and buying the books I think they are obvious questions to ask when you take into account recent discussions.
This is the last I have to say on the subject.[]
OK guys lets not get too carried away.
Marc1, basicly your attempt at providing some wisdom came from the right place I would say but for a start who is “misdirected”?[?].
Secondly I am far from poor, I`m semi retired, the reason I never mention it because it makes NO difference to me regarding arguments of this type, you seem to be using riches as a measuring stick, and in life you must pass judgement in order to make decisions, there are a lot of things in life we all agree and disagree with.
If a person has a negative or seen to be jealous comment it does not make thier whole life clouded by negative judgements, it is called free will.
You didn`t even read the whole discussion before bestowing your wisdom, I make an observation on fact and what happens?.
I would not even be here if I did not believe you could make money in R/E, I have CF+ properties, I have made more money than I could ever save in the last 18 months due to capitol gain.
On a side note I painted a coffee shop for a christian who had the exact same view of his incredible good fortune…..great bloke and very interesting, but do you go out and read a bible and become a christian to get rich? and happy, of course not.
I greatly admire people who aspire to truly helping others to success in all things, but to my mind your head appears to be well and truly in the sand at this point.
As far as Pisces email, and the neverending jibes, I did apologise for my early error…get over it, it was an innocent mistake, subject closed.
I don`t know enough about the Rene Rivkin situation to comment.[]
Lastly, you should take a good look at Kayes reply, sums it up really.