Hi Leo

Ihave not attended paid seminars with this group but have spent a large amount of time and money over the last few years attending Steve McKnight's Seminars and also the RESULTS Mentoring Program ( started by Steve)  I can only have glowing comments for all of these.. the level of integrity, quality of coaching and the products are second to none..

Warm regards
Sue

I agree with the other comments here in so much as Yardney is quite different from Steve's teachings.

Having been a part of the orignal RESULTS Mentoring Progrma for some years now, I have not bothered to attend any of Yardneys multi day events.  I have however attended one of his previews and found him way too conservative for my liking and seeming to target Mum and Dad investors..that's fine for them..not for me….give me Steve's courses anyday!!!!!

In reviewing all these sorts of event I encourage people to look at what they are trying to achieve and how long they plan on taking to get there.. answering this question usually sorts the wheat from the chaff. Every invetor has a different perspective based on their model / perception of the world of invsting so what fits my way of thinking may not fit yours and vice versa.. wht ever you chooose to do i encourage people to always look at the risks and rewards and do their own due diligence, this applies to courses and seminars as much as investing in property
Warm regards
Sue

Hi Tia

That is a big question tha could hae me wrting here for hours!!.wil attempt to keep it brief

Questions
1. What do you intend to do wih his property, buy and hold,reno, development?
2. What specifically are you attempting to achieve with proprty investing generally?, i encourage you to get REALLY clear on this.
3. What specifically o you expect to gain from this property in terms of Cash on Cash return/ROI/$ profit?.
4. How long do you expect it to take to make the profit/result you are seeking from this property?
5. What risks are you facing in prurchasing this property and how d you plan to mitigate those risks to a level acceptable to you?
6. What strategiesdo you curretly have experience with in relation to property investing..buy and hold, positive cashflow/negative gearing, developing, renos, student accomodation etc.
7. Are you intending to buy houses or units?, remember the value in property investing is in the land content, land goes up in value building go down in value, less land and there is higher probability of the value increasing at a slower rate.

Once you have clear answers to the above questions, you are much more likely to have a better understanding of what it is you are trying to achieve and whether this particular proeprty can meet those needs.  Then you will need to look at comparable sales in the area and maybe even go visit a few currently on the market of similr size etc as you have suggested.

Agents should really only be used as a guide to values..ALWAYS confirm your numbers with FACTS not OPINONS

Oh and personally  I use RPData

Hope this all helps

warm regards
Sue

Congrats Ben on saving the dog, meeting up with Steve  yes he is an awesome businessman with loads of integrity and yes he really does care about people).  Oh and congrats for being awarded the Black Box of goodies from the conference, the Advanced Master Class pack in that is GOLD.

Warm regards
Sue
Conf Vounteer

Yes it is possible although you are likely to get `push back' from agents that have not done it before.  I encourage you to ak the question of agents representing houses you are interested in.
warm regards
Sue

Ditto drgraeme

Hi Sonya

check wih the your local rental/tenant  authority in your state, here in SA it is the residential tenancies tribunal.  They should be able to guide ou on local obligations of landlords and tenants. 

Definitely get a copy of the lease if the agents don't give it to you speak to the REI  the tenants should also have a signed copy.
It would also be worth getting a copy of your ingoing inspection sheet from the current agent, they are usually required by law to perform an nspection and provide copies to land lord, and tenant.

This agent sounds like a real painin the proverbial.  Remember the tenants are your clients and not theirs to own etc.
I do like the suggestion above about approaching the tenant directly..creative thinking andsomething we all need as property investors.  Who knows the tenants may also have had issues with this agent.  There are a lot of good tenantsout there so stay positive about all this

Warm regards
Sue

Hello Joanne76

Wow you sound really impressed.

I have some concerns about this investment choice so can I ask whether this property is positive cash flow or negatively geared, how old is it?  what sort of rental returns you are getting and how long you plan on holding it for? I'm am assuming you were looking for a more passive as opposed to active investment?

Regards

S

There are many ways to leverage both property and shares and many ways of participating in each market with varying levels of involvement.

set your goals and then work out the best way to acheive them based on your current capacity or penchant for financial education. then take massive action towards those goals and eventually you will arrive at the end results.

At the end of the day both shares and property along with business are all vehicles for wealth creation… just choose one or more and have a go…

Warm Regards
Sue

Hi Salil
It depends on how confident you are at assessing the likely problems yourself, if you arent; then get them if you feel the need.
Otherwise I agree with the conveyance and a strata report may be useful in deternining if there are other issues you need to consider.
Don;t assume that ecause the building is young it doesn't have say termites or other problems, those depend on how well it was built in the first place and maintained since.  You will know whtehr or not you feel comfortable getting or not getting the report, go with that.
Warm Regards
sue