“Tony himself definitely developed – ie the six human needs”

This “needs-based motivation theory” belongs to neither Jamie McIntyre or Tony Robbins.

The “6 human needs” outlined in this post stems from “Maslow’s Hierarchy” formulated by Abraham Maslow an American psychologist who died in 1970.

The basis of this theory has simply been reinvented…[Read more]

Australian Financial Review article “Queenstown’s Gold Rush” [May 14th]

http://afr.com/articles/2004/05/13/1084289853898.html

“House Prices still on Rise..” [May 27th]

http://www.stuff.co.nz/stuff/0,2106,2921452a13,00.html

Articles referring to a market “slump” fit in the same category as those predicting a “crash”. The statistics are too…[Read more]

“I wouldn’t mind if someone told us what an exit strategy is.”

— The process by which an owner or investor liquidates his or her ownership in real estate assets, a business or other venture.

“by the time one realises one should be out of the market, there won’t be a buyer in sight.”

— An exit strategy is formulated prior to investment, i.e.…[Read more]

“I pay people directly with my visa card in the USA all the time and that costs nothing.”

Unless I am missing something here, in order to pay anyone with a credit card, they must have a “merchant account”.

The only other method, aside from conventional means, when using a credit card is PayPal or a similar service.

— Michael

If you want a secure and efficient method of payment, simply wire the funds from your bank to the recipients – which I assume is the $25 fee you referred too.

However, depending on which bank in the United States, the recipient will incur a fee of US$10-30.00 per transaction.

If you send a personal check, it may not be accepted by the US bank -…[Read more]

“The investors who have been quietly building their portfolio over the next few years when property is out of fashion will enter the next boom phase with a large portfolio of properties.
They’ll watch with delight as high capital growth rates kick in across their already large portfolio”

— this sums up my point “”crash”.. is when many real…[Read more]

The key to buying OTP is due diligence and preparing for market adjustments [risk management].

It would appear having taken this into account you have secured a very good investment – and stepping stone for ongoing investments.

As touched on, settlement is not required until after the developer receives a certificate of completion. Therefore,…[Read more]

“It’s the people who don’t do their homework, buy overpriced and borrow beyond their means that are the first to get hit.”

The above is the catalyst for a so-called “crash” – which is when many real estate investors accumulate the most wealth.

Unlike the stock market, the real estate market does not crash because it is supported by “tangible”…[Read more]

“Ive just finished reading the book that steve wrote… Now that I have the knowledge im looking for a partner in crime to excelerate the process”

I have a reasonable amount of experience in joint venture partnerships, fund raising, investment, etc.

It would appear that your objective is to find finance partners.

However, it would also appear -…[Read more]

Liquidating your interest in a partnership depends on the provisions of the partnership agreement.

If you do not have a partnership agreement in place, or a document outlining your interest in the property – in respect to a partnership, then you are solely reliant upon the other parties willingness to sell.

Either way, you should speak with a…[Read more]

[AP] “a lot of this discussion seems geared to bigger projects”

It seems to have taken this direction. In terms of the original question re: 2-3 units, the developer should simply use a qualified general contractor – with an established network [team] and a real estate agent.

[AP] “not sure if it eludes to the developer walking away from the…[Read more]

“In my limited experience I have not seen such a small development employ that stategy, they usually just employ an agent.”

Correct.

“the sucess in the boom of the OTP stategy was in part due to the teams, who were independent of the develoipers and used to approach the developers for stock.”

Successful developers conduct due diligence on each…[Read more]

Mini – take a breath and read what I have said again.

“I got a lot out of De roos and Kiyosaki got me ready for De Roos.”

As I said, “do not focus” on these authors. I did not discount them altogether.

They are “inspirational” but offer little more than a general/basic understanding of real estate investment in a confined segment.

“don’t focus…[Read more]

Manage your finances conservatively, but don’t be overly concerned with “saving” in order to become involved in real estate investment – opportunities will pass you by [avoid using your own money if at all possible].

Instead put time and energy into studying real estate markets, investment strategies [not just real estate], and making contacts -…[Read more]

Queenstown, New Zealand, 4800 sqm land purchased in 1986 for $12,000 – recent private sale $3.6 million.

— Michael

“aesthetics are important to me”

Don’t confuse an attraction to cosmetic features as an emotional decision.

If the property features quality/attractive fixtures and finishes and it is in a good location, then these factors are listed in the [+] column in terms of feasibility.

“If there is an oversupply of available properties, I want to ensure…[Read more]

Marc – you have gone off on a tangent, in terms of the role emotion plays in the decision making process.

The “subconscious” plays its part of course – as it does in any decision, but when it comes to investment decisions [as per the question] it is more black and white.

Investment strategies are either contingent upon the numbers – regardless…[Read more]

Investment should be based on the “numbers” – feasibility.

Too much emotion can lead to mistakes, whether during the decision phase, i.e. selecting a property, the negotiation phase, i.e. getting the best out of the deal, or the resale phase.

But there is another aspect of the emotion factor which is aligned with perceived risk – remaining…[Read more]

Your questions need to be clearer.

Are you buying a property or selling?

My response assumes you are buying a property, in which case it is often beneficial to extend the settlement date.

— Michael

There are so many variables associated with this question – and the options outlined, that I do not recommend making a decision based on advise you may receive from a public forum.

You need to speak with an accountant and discuss the options with qualified advisors, i.e. a building contractor.

— Michael