Interesting topic, someone said that to be all doom and gloom is a bad thing then went on to say that is a sad and bad world we live in.
Balance is probably the key, striving to be totally positive all the time is not only unwise but is also impossible, as these posts have shown.

The crux of this argument is will I be a high acheiver if I pay thousands and continue to attend seminars, maybe I will run my own seminars, write books get the money streams happening, this is the road we travel on the seminar curcuit.
Can we all be make a significant amount out of developments?, out of running seminars?, out of writing books?,…[Read more]

Problem with forums is there are so many opinions and members with thier own agenda, they can actually cloud your judgement.
What may start as opening your mind to strategies/outcomes etc, (even to members who have experience and “millions”) could end in bad judgement, since noone but you know your own situation and strengths and many don`t keep…[Read more]

Michael I have to say this advise and strategy of drawing on equity is dubious to say the least, and is just another form of highly leveraging property which is another strategy I don`t go along with.
Do you draw this equity AFTER youve made the 10%/$200,000, this would be a more reasonable plan, but then again if they DON`T go up at all and in…[Read more]

Michael Whyte you are spot on imo.
Michael Yardley you asked why I would question the price of your seminar?…..because simply imo it is a bit steep!.
I get your newsletter and while R/E is all speculation I agree with some things you say and never even hinted you did not know what your on about or that you might be a “scammer”, I simply question…[Read more]

The high cost of many R/E seminars just seems to smack of opportunism and unreal expectations, created by the boom in property values.
If I were to paint someones house and tell them I COULD add $50,000-$100,000 to the value of your property so I will charge accordingly whether it does or not, this would not be acceptable.

It doesn`t seem to work…[Read more]

Michael I am wondering what is the difference between the free seminar and the paid for one?.
Also you say development is very risky yet if someone pays thousands to attend seminars to gain info which is freely available they will make millions?, or mitigate thier risk in development to the point of getting over 10% return, and then draw on your…[Read more]

It would depend on your job status, equity position etc.
To be highly leveraged in this type of property in the current market can be hazardous.
Remember Murphys law if anything can go wrong it probably will and all at once.
If you feel financially comfortable with this I would say go ahead but you need to factor in interest rate hikes, vacancies,…[Read more]

Also if there is a problem with mortgage insurance or building insurance you run the risk of not getting a cent.
If it was an IP and you did not disclose it, it would be taxation evasion/fraud also.

I am wondering why someone who lived in Buffalo would rent a place when they are so cheap?.
Up to 25% return is by far the best I ever heard, what are the body corp fees/rates/other costs etc, no wonder they say America is the land of opportunity!, I am sceptical but very interested.[baaa]

While I don`t think all seminars are scams I can`t see how they justify what they charge for one, two or three days posturing/lecturing.
They would have to PAY ME $3000 to sit there for this period of time and listen to so called experts.
I have been studying R/E for 20 yrs and while not investing heavily till the last few years much of the stuff…[Read more]

I had the same thoughts John, I have heard this drawing equity plan before and it could work….providing homes do go up every year remembering they did not move in Brisbane and many other places for around 13 years previously.
Developing is being made to look so easy.
Should they go down and you are highly leveraged you are sunk, should they…[Read more]

More speculation and now Rivkin is a modern day Al Capone.

I think it is disgraceful what the media said.
I cannot say I`m totally familiar with the case but heard Rivkin was convicted for an amount of $300, don`t tell me the amount makes no difference, see it for what it is the man died because someone decided to throw the book at him through jealousy or maybe to make an example of him, with the fortune…[Read more]

At least you can see where you made mistakes, property investing is full of people in the same boat.
You would think it is dead easy to make millions in property the way some people talk, problem is reality is very different and especially in the current market.
Many people also disregard taxs, fees and interest rates etc etc not to mention…[Read more]

Realised/unrealised capitol gains and figures of 20%?.
All I can say is R/E is a game where appearances can be decieving.
I am not negative just realistic, I have done four of my own renos own 2 CF+ properties and done countless others with my brothers all being in the building game for 20 yrs or more, we are all tradesman, we have the game…[Read more]

Well guys what do you think being positive and believing all you are told is WISE.
I hate to sound negative but I have a questioning mind, especially since I have read all the books I can read invested and made money but still don`t get why anyone would want to own 1mill in property for the sake of it….WHY?.
You see the problem I do have is that…[Read more]

If they have gone that far with it, you have to wonder why they are “giving” it away.

I would not invest in Tassie myself.
Maybe it did grow strongly by say 30%, so that makes your property worth, what $50,000, not worth the trouble imo.
I would be very surprised if this was not caused primarily by inexperienced investors after it was on TV.
Tassie is perfect for a holiday cabin in the bush somewhere though, it has some of the best…[Read more]

I can`t give you too much info on Rocky other than to say I think you made a pretty good decision.