Total Members: 159,210

Michael 888

  • Michael 888 replied to the topic Free eBook “the magic storey” good read … in the forum Creative Investing 15 years, 9 months ago

    I enjoyed it. Will re-read it again also. It is useful to gain new perspectives from similar messages that other books provide. These include Science of Getting Rich, As a Man Thinketh, Think and Grow Rich, etc. The story format and further extrapolation into current day language provides a nuance to cement the message that others also offer.…[Read more]

  • Michael 888 replied to the topic How long is an offer valid in the forum Help Needed! 15 years, 9 months ago

    As long as you stipulate in the contract note or offer document. I usually like to only give vendors a brief time to accept or reject an offer. Usually 24 hours. This will depend upon how close a formal advertised inspection is to the offer date and the market conditions, uniqueness of the property, etcOn one purchase I actually gave them a 2 hour…[Read more]

  • Michael 888 replied to the topic Advertising is a “no no” in the forum Opinionated! 15 years, 9 months ago

    I'll option a whole aprtment block in a resort town for one dollar please Mr. Richard sir. Could you please arrange funding for the option fee?

  • Michael 888 replied to the topic best property report source in the forum General Property 15 years, 10 months ago

    As well as rpdata, try:http://www.propertydatasolutions.com/also:http://www.onthehouse.com.au/Navigate those sites and see what tools suit.onthehouse is by far the cheapest although I'm not sure how it goes for doing a whole postcode search. By address or street, it is OK. Good for you in NSW. Also good for Qld. Not available in Vic where I'm…

  • Michael 888 replied to the topic Bubble due to burst… in the forum General Property 15 years, 10 months ago

    IP Freely wrote:
    The median house prices in Australian capital cities when compared to other cities is a furphy. Why? Our expectations for housing has changed dramatically over the past 50 years. We now expect to buy a 4-5 bedroom new house in the outer suburbs at or around the median price whereas 20 years ago we expected 3-4 bedrooms and prior…[Read more]

  • Michael 888 replied to the topic If you could go back 2 years ago what … in the forum General Property 15 years, 10 months ago

    This will be an interesting thread.OK two years ago, purchased a four pack in Parramatta. Always wanted some units in the mix as I generally go for land rich subdivision potential properties with good amenity and that tick the right boxes as far as my criteria are concerned. However with household demographics (dwelling occupants) reducing, some…[Read more]

  • Michael 888 replied to the topic TAFE Property Investment Programs in the forum General Property 15 years, 10 months ago

    No worries K. Thanks for clarifying what you meant.With 327 posts to date, no one could could ever accuse you of spruiking, when providing support to a product, course, educator or strategy.  

  • Michael 888 replied to the topic WARNING: Investors with property in mining areas… in the forum General Property 15 years, 10 months ago

    Thanks for the heads up Steve,Don't own any IP's in mining areas. Investigated last year and decided against it. In fact I saw more safety in, say, Mackay, where although a daily commute was a chore it was achievable if looking at the mining market tenants. As a town with some critical mass, it has other positives going for it with permanent…[Read more]

  • Michael 888 replied to the topic TAFE Property Investment Programs in the forum General Property 15 years, 10 months ago

    Hi K,not cynical, just sceptical. Cynics don't create wealth. I personally spend several thousand dollars each year on courses, seminars, books, DVD's, CD's, etc on many topics, such as property, shares, mindset, and other personal development pursuits.And if this is the course by Peter Koulizos et al, I agree the syllabus is sound. I haven't done…[Read more]

  • Michael 888 replied to the topic Prognosis For Commercial & Industrial in the forum Commercial Property 15 years, 10 months ago

    Thank you for your insightful opinions Chris, and for taking the time to post.I'm sure others here have learnt plenty along with myself from your two posts above and your earlier thread: https://www.propertyinvesting.com/forums/property-investing/commercial-property/4325441I will contact you if I have any specific scenarios or potential deals t…[Read more]

  • Michael 888 replied to the topic Reason for selling unknown in the forum Help Needed! 15 years, 10 months ago

    It could be as Frosty has posted above. Although in Vic, the reports must be provided to the agent and vendor in the event a contract is rescinded before the "subject to"period expires on the basis of findings of those inspections.Thereafter, I am not certain if a copy of the report remains with them ot not. The agent, however,  does have to…[Read more]

  • Michael 888 replied to the topic Reason for selling unknown in the forum Help Needed! 15 years, 10 months ago

    If you are in Vic (not sure about other states) always ask if there has been any inspections such as building and pest undertaken by other interested buyers who didn't end up purchasing. The agents, as far as I'm aware, have to provide you with a copy of the report, along with the usual Section 32 (Vendor's Statement) for your…[Read more]

  • Michael 888 replied to the topic Prognosis For Commercial & Industrial in the forum Commercial Property 15 years, 10 months ago

    Hi Chis,I appreciate your reply and info. Since initially posting this thread, I have done some reading on research from sites such as Savills, Knight Frank, etc and your sentiments are echoed there.In your opinion as a buyers representative for both resi and comm/industrial, is there too much stock with higher vacancies at present or potentially…[Read more]

  • Michael 888 replied to the topic Making Money Out of Commercial Property $$$ in the forum Commercial Property 15 years, 10 months ago

    Chris,don't waste your breath…..melton terrace is a spammer. He joined hours ago and three similar posts and also spammed my PM inbox with the same post.I've reported it to admin and hopefully we don't hear from them again.

  • Michael 888 replied to the topic Benefit from this Real Estate Teleseminar in the forum Nice first post, already 15 years, 10 months ago

    Nice first post, already looking after the welfare of all here on this forum.I have a couple of questions, friend!What time does the bus tour leave?Will they accept an option?Will they vendor finance?………………………………………

  • Michael 888 replied to the topic Will becoming a plumber help me much with investing in property? in the forum Help Needed! 15 years, 10 months ago

    As Terry mentioned above, the networking you will be exposed to should benefit your journey and also you may be privy to deals before they actually go to market, by establishing rapport with your customers and the other tradies you liaise with.Finish your apprenticeship and spend less than you earn. Invest the difference and at age 20, my…[Read more]

  • Michael 888 replied to the topic My interest on savings is almost halved!! in the forum I hear ya Jaffa,
    however at
    15 years, 10 months ago

    I hear ya Jaffa,however at present whilst cash might not be king as far as return is concerned, it is safer than in the stock market. Buying the banks and relying on yield may give you a higher return however no one knows what further punishment is to come from the smoke and mirrors in US financial system and the ultimate wash up here.The market…[Read more]

  • Michael 888 replied to the topic SCAMS – CONSUMER SCAMS you should know about in the forum Opinionated! 15 years, 10 months ago

    Yep, nice rapport (not) from Mr. David Doulton.Thanks for sharing on the board for all to see Caveat Emptor

  • Michael 888 replied to the topic SCAMS – CONSUMER SCAMS you should know about in the forum Opinionated! 15 years, 10 months ago

    Nice intent, however may I respectfully ask, why the secrecy to inform by PM. Should this information not be shared on the forum for the immediate benefit of all?

  • Michael 888 replied to the topic Seminar – Mark Rolton in the forum Creative Investing 15 years, 10 months ago

    Thanks for that Matt,i have already looked at various developers' websites to see what they are up to and where they play. I make a point of looking up any new names I come across in the various print media also.I will play with google to see what else I can come up with. The forsite.com.au site is nice, especially the News section. Thanks for the…[Read more]

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Michael 888

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