investing without any cashflow equals risk….borrowing the entire amount to purchase a property on top of that equals tons of risk….

Ok, even if you can get finance either for 100 percent or else
maybe a combination of either a vendor or parent financed deposit and the bank, or you have a property wrapped to you etc, i would strongly recommend…[Read more]

my heart goes out to you guys.

Have you ever heard of the hippocrates centre in Queensland?

http://www.hippocrates.com.au

It’s about $1K a week and they recommend going for 2-3 weeks. i know that might sound expensive but I think that if i ever got something like cancer, MS, CF, or other i would be up there like a shot.

why don’t i just paste…[Read more]

the idea of a free week’s rent at Xmas time really appeals to me. I’m going to ask my rental managers what they think and how to implement it and when to announce it.

i’m taking my rental managers to lunch too. they’re doing a sterling job and besides, i’m quite curious to meet them….

!!

cheers-
mini

looks great casey!

i love the idea of posting renovation photos up. i want to do that too!! i should get on to it!

cheers-
mini

i thought that renovation for capital gain of more than what you spent on it and flicking it as soon as it’s done pretty much relies on you being in a rising market. if the market is heading south or flattening out you might not make what you spent on the property let alone what you hoped to make for your time.

one of the pieces of advice people…[Read more]

“theres a time to have the brains of and idiot ”

ummmmmm, they’re teaching people in the NAVY that?
*shocked*

what a bombshell about cosima huh?
it wasn’t even clear whether shannon would have been the second place anyway (with votes) or whether he only got in because Cosima pulled out.

anyway…..I wish it had been down to paulini and guy, that would have been an amazing concert!!

cheers-
mini

I think the one night DDR seminar is good, *especially* if you are a beginner. If not, then you might find it a bit simple. Was good for me at the time I went, though.

Love his software. I know there’s a lot out there and you can do it yourself in excel etc….but…
I think his software is the best there is by a long way. And yeah he does sell…[Read more]

i agree property investing takes time,

I have a full-time ‘life’ and it’s been quite a lot of work to buy three properties and renovate two since april. even though i only spent a total of four days at one of the properties and the rest was farmed out or done on the phone.

i would call it a ‘full time hobby’ – i.e. to the temporary exclusion of…[Read more]

i agree, i lump jenman in the same boat as J t. reed or whatever his name is.

All the successful and respected ‘gurus’ (for want of a better word – sorry Steve – i can feel you cringing!!) – don’t get there by pulling others down. they get there on their own merits by offering information in a new light. I just don’t think it’s a good look by…[Read more]

call me biased, but Alex Lloyd ‘amazing’ and Amiel ‘lovesong’ (the radio version which has ‘stupid’ instead of ‘^$&^%*(‘

and they’re both Aussie songs, yay!!

Also….

‘and i will always love you’ whitney houston

‘it had to be you’ harry connick

‘she’s electric’ oasis ….”she’s got a family full of eccentrics’….

‘amore’ …..”when the moon…[Read more]

i look forward to seeing everyone at the sydney seminar!!!

cheers-
Mini

pin – hi! peace!

mini

“people who make big money in real estate hold”

i agree with this. Everyone who is talking about selling high (i.e. now) is approaching the RE market like one would the sharemarket – trading.

I see (as more than one real estate educator has said) that property is a long term investment. I think people who aren’t set up to cope with holding for…[Read more]

very interesting! thanks for posting the link

hi anastasia

maybe there was something about the house that made it worth more than just the building itself, i.e. north facing, corner, bit more land, zoning, DA, etc

Keep posting on the subject, it’s really interesting!
watching the sydney market with interest right now…

cheers-
mini

fields, just quickly,

“see how many people have made it rich through positive gearing”

there can never physically be as many doing +ve gearing as negative, because only about 10 percent of properties would be yielding enough to be positive cashflow – so there just won’t be as many people making their money this way.

In a way, it’s true to say…[Read more]

anecdotal evidence only, but how many people have I heard say ‘we owned a property in 19XX and i wish we’d held on to it, because it would be worth a fortune now!’ ?

– almost everyone that ever sold!!

I must say i agree with the title of the thread except to add ‘almost’ before ‘never sell’. If someone offers you stupid money, you could always…[Read more]

i was watching the show with a 12 year old. We decided to vote for Guy and then we each voted for Paulini (thinking guy was a dead cert but paulini needed a couple of extra ones just to make sure!) —- and i’m not friends with any of them – therefore i think the viewers at home will decide, all entrants will have campaigns of friends sms-ing…[Read more]

hi aafreen,
thanks!! hehe!
Yeah i totally did some courses.
the one-nighters are good (dolf de roos, rich dad poor dad, richmastery) and out of those three i probably got most content out of richmastery, But nothing compares to a two or three day seminar. It means the speakers can get into more detail. Also there are copious notes (like a fat…[Read more]