Pisces I don`t know when religion came into it.
I have never/would ever call anyone a “loser”.
I never used the word sin and never said it was a sin to buy houses cheaply, what I said was it is pathetic to SEEK OUT distressed sellers in order to find massively underpriced houses.[]

What on earth is all this about???.
Of course to say ALL wrappers are no good is a ridiculous statement, I never said it/in that context and you know it!.

Steve, I must admit I felt you were aiming to make these people millionaires they certainly are not that and will not be with in 12 months.
If so many have dropped out already I would not get too excited by the prospects.
Reality may also hit some hard as time goes by.
Good to see you are giving back in some way.
Wondering also since you solidified your position by selling many properties why are these MAP investors buying up at this point in the market and leveraging thier equity to the hilt, how are they covering thier risk?.

Are you guys serious?, Jordanian this guy wanted the whole $5000 in his pocket no doubt!.
Steve I would guess this guy is a stubbie short of a six pack, of course IF and only if the agent was a personal friend and went out of his way to find you a good buy and did the hard yards to get you the house, you may give him a bonus but otherwise this is a no brainer.
Answer me this, how did he react when you laughed in his face as I would?.[]

Yack I think if you catch the market and hold is good, but in a down market or stagnant it might be better to reno and sell.
I don`t think there is a easy answer but some sell some hold maybe better, why hold when a market has obviously flattened out?.
In retrospect a lot of people would have wished they held!, not only renovators.
But yes hold is certainly a great way to being financial for most people, I`ve never seen a better way out of an average life, but it can take some time.
I`ll hold my ppor once I have the amount of equity I want and my house built of course but rentals are not a long term plan for me at this point.
The only reason I point this out is so people looking for answers and a strategy are given food for thought.

This is all a double edged sword, if the house does not increase in price, which is likely to be the case as the vendor is desperate to sell if he offers finance, where will you get the money to pay this loan, also he can foreclose on you as I understand it the minute you cannot stick to the contract.
Generally the vendor will not do this for free, they may in fact ask top price in return and you are in a vulnerable position.
Hopefully Aussie will not go the way of America if they foreclose they sell the house for what you owe and that`s it you get squat.
I`d find out if in fact a vendor can do this before I got excited.
If someone were to use this method in the current market it could backfire in a big way.
Anyone know the laws regarding this?.

I think never sell is a pretty good method but it may not suit all people, and sometimes by selling you can utilise that cash better than you can equity.
Never sell is easy to say before or during booms, but traditionally there can be a very long gap, it`s a long time to hold property and have tenant headaches etc.
My method really is to buy, renovate, sell but I do tend to hold some a while until the CG kicks in and ultimately outright I`d like to own my own property plus outright own a few rental properties, and buy/start a different business, something I would enjoy doing that`s not so labour intensive.
I am not patient enough to buy and never sell and I don`t like to have too many houses, just sitting there, lifes too short for that imo.[]

Melbear I love this line of thinking that “if you don`t succeed you didn`t follow the guidelines correctly or you are useless or you just don`t get it….lol[][]
Success comes to people at different points in thier life and in different ways, this poor immigrant may now go out and make a million but spending big dollars on kits is rarely going to help him, and expecting to make it with little or no hard work is a myth, you read it right…a myth, unless you come from a family with money or were helped out in some way early, if you want to make it in this world you better be prepared to work, not buy a R/E kit and live financially free froever.
Very few in this world can live life like one big holiday, I`m guessing HK is one of them.[]

That`s exactly what I`m getting at fjficm, although if people will pay it…….it`s just that I won`t!.[]

Gman, now I AM trippin`[], I already explained what HK did, what huge assumptions are you referring to?, and why on earth would I turn around and pay thousands for a seminar?, after I just explained why I wouldn`t/never have?.[?]

I`m fine with paying $90 or so for a seminar or forking out for the odd book but no offense to anyone but my belief is these high priced kits seminars are a rip off and a complete joke.
Someone said the expensive day long seminars are good for meeting other like minded investors, well I hope they are good for more than that, also I`m not too sure how much this would help you in reality, I couldn`t think of anything worse than being in a room full of rabid property investors, I`d rather watch paint dry, in fact criminals should be subjected to this, but ONLY the ones doing hard time!.[]
One, two hours tops is my limit and I`m lookin` for the exit!.[8]