Forum Replies Created
I have been to a couple of their seminars. The Founder of IronFish is an asian bloke and that is therefore their major clientele. They "promote" their properties as only being negatively geared for 5-7 years in most instances. Scary to believe that a lot of these people who attended actually signed up with them afterwards with this kind of information!!!
Well done DCT!!!
Sounds like a great deal you have done there. It certainly goes to show that there is always a deal to be made using the right strategies.
Regards,
Matt.
I'll be going to the Brisbane event, I mean it's no harm in going, and I'm sure you can at least get a system to create some extra cash. This is exactly what I am after so very excited in learning what he's teaching.
Yeah I was thinking that was something my girlfriend could do, she is at home two days a week while my daughter is in daycare so this would be a great thing for her to learn about. I just don't think she wants to put in hard work to get money……but I won't start there.
haha loving the coffee and newspaper topics
Hey JacM,
Would you happen to have a blank copy of that spreadsheet your talking about? I'd be really interested to see how you have it set up and with your permission even look at using it for myself as I get educated on property markets.
Regards,
Matt.
Sounds great Johann, my email is [email protected]
Hi Johann,
Thanks for the fantastic input! It sounds like you lead a very busy lifestyle, but also sounds like everything you do is what you like doing so good on ya!
So for me, I have a low-income job which I'm trying to change industries and get a bit of a pay rise by doing so. Then I have started a part-time business in network marketing to try and get any extra income possible out of that, and am now looking at creating another business in sales as mentioned.
Your budget idea is great. I have already sat down for about 2 days to account for every dollar of personal cash flow and have cut any non-essential expenses from it. I did get quite upset once I completed it because I have a very poor personal cash flow from my lack of financial intelligence in the past, but on the upside anything I do now can improve that cash flow and create a better outcome for investing.
Regards,
Matt.
Thank you all for the great feedback.
I have been trying to think of a low cost business I can set up part-time from home. I have been thinking of creating some business cards and advertising myself as an "Independent Sales Consultant" for small businesses. The rough idea is I can approach businesses to use my service without any upfront fee at all, the way I'd make money is take a commission from the sale. This would then bring them extra business that they didn't have to work for or pay anyone for, which I believe would leave both parties happy.
Another part of the business could be a service of assessing the store (usually a retail outlet) for the way in which they present specials and what types of sales they have to better market their company.
All that I'd need for this business is a laptop, car, phone and business cards and I'd be good to start.
I have been trying to think what my next move should be and this sounds like a very hopeful approach to achieving extra cash to put away for investing.
If anyone has any experience in something like this I would be really interested in hearing your thoughts and any advice you might offer.
Regards,
Matt.
Hey Richard, that sounds very exciting and can't wait to talk to you!
When are you getting back from the UK?
Hey Scott,
Im internal sales to trades people, so not B2B.
I do not have much capital base for a business so I was thinking of a service style business to start off which would only require a laptop, car and phone which I have. What do you think?
Thank you all to the answers, they are indeed very helpful.
So I believe the first step would be to get an evaluation on my parents property and find out available equity?
Also Terryw, with your points would you then recommend that I consult a solicitor with property experience to create some legal, binding documents before purchasing a property?
Regards.
Hi AussieKiwi,
Can you suggest how I go about Rent to Buy so that I can understand how it works and how to look for those deals?
Any help is appreciated.
Regards,
Matt.
If no one has taken them off your hands yet I can pick them up tomorrow?
Please PM or email me if you are still requiring a taker! It would really really help me out!
Regards,
Matt.
Hey Tom (or PLC), can you really buy an investment property first and then your PPOR later and still claim the grants?
I have just never heard of this and it will be very helpful to my situation if it is true.
Regards,
Matt.
Unfortunately it will take a long time to save a deposit if my current situation remains similar. I have a young child. Lower income and a small $11000 personal loan from my naive days. We’re tracking along nicely now but it will take a long time to save a sizeable amount of money.
Okay thanks. I have consulted with Richard Taylor who seems fantastic and very cluey with everything I require as he has done it all before.
I will now just need to search for a good property tax consultant in Brisbane and then I can develop a plan. Does that sound like the right idea to you?
Thanks TerryW,
So to kick start this agreement would you suggest that I consult with a broker, legal consultant and tax adviser to help create this document?
Or what would you suggest be the next step for this approach?
Regards,
Matt.
Thanks Rick sta, I just re-read my comment and I am sorry, it came across as very rude but was not intended in that nature at all.
So my question to you, how do you find those 8-9% gross yielding properties? And how many properties do you own?
– Matt
Rick sta, instead of just saying could you please add something constructive and back it up with some actual reasoning?
