Forum Replies Created
“leave to God the judging “
-well said. Re: rivkin, michael jackson, etc etc
We don’t really KNOW. we haven’t been asked to do jury duty. we only know the press releases. Why do we care about rivkin, jackson, jon-benet, whether the dingo ate the baby.we should be too busy with our own lives, families, passions, kids, projects, plans, dreams, goals
joy to the world
Gatsby, I love it!!
Oh, the things our little human minds to to try and know the unknowable.
Brenda, it makes perfect sense to me. Turn on the light and the darkness is gone. Turn on the light and the dark things scream and have nowhere to hide.
joy to the world
um, i’ll stake one of my properties on the fact that Steve is NOT diddling the forum stats.
The environment, however, needs more people to care about it….
joy to the world
Del,
“I will look fwd to reading your book one day soon!”
Ahm, well I guess that means I better start writing it one day soon!! hehe
joy to the world
Oh yeah!! They are the real thing all right and totally legit and their achievements make me look like a.. ahem…Minimogul. hehe.
Read the book and there’s a whole chapter on John and Rhonda. They actually did ahhhhmmmm without spoiling the surprise MIND BOGGLING things in their Map year like you would not believe. I hung out with JD after one of Steve’s launches and he is a really cool interesting motivating kind person. He looks a little bit like Dicko!!!
But he is heaps more mellow.!!cheers-
Minijoy to the world
I used to sign them up as (for example) “minimogul corporation and/or nominee, or as directed at settlement”
but I have since learned that the ‘as directed at settlement’ is not necessary.
HOWEVER. Our original lawyer said that the party that goes unconditional (the nominee) should be the identical name of the party that settles otherwise it gets messy.
So when we get the assignment document from our clients we assign it to the actual trust/person/company/LACQ/whatever that is going to settle the deal.
And yeah no stamp duty in NZ. The way you could work around that kinda thing in WA is the old way I used to do it, find a deal, negotiate it to a verbal, present to client and then the client would sign up in their own name. the only trouble is that sometimes you do the work, get the awesome deal, and the client frigs around and then finally decides to go for it but the deal is already gone. Putting a contract on the property was the way we found best to ensure we actually HAD the deal to offer first. But there’s a lot more work to actually get to contract stage rather than just deal researching so you have to charge more.
cheers-
Minijoy to the world
Hi there,
re: is it worth all the trouble?
Hmmmm hard to answer. I said to my business partner that I’d do it as long as it was either at least a) fun or b) profitable.
and nearly a year later, i’m still doing it. The more deals you do the easier it gets, like with anything, because you have a system and a team of people who are used to the way you work.
Also you gain integrity and word of mouth and you get more clients and more deals over the line and more reputation and more clients and… so on.!
Our trouble at the moment is finding enough deals for the amount of people we have and maintaining our high standard of getting the best deals we can, so we have been trying to work on growing the team to get more deals and trying different things out.
cheers-
Minijoy to the world
Del,
I salute you
sincerely-
Minijoy to the world
Yes quite right I think there are risks as you mentioned. I know there are still CF+ve places for sale in NZ like 10 percent and over and still in CG areas to boot, or at least stable towns. That is, ones that you buy as a ‘going CF+ve concern’. I also see prices in Aus dropping across the board which means that CF+ve properties or close to it are starting to pop up all over the place and not just Broken Hill type places.
BUT having read steve’s new book and after reading all the Mappers’s stories it is quite clear that you can MAKE a non cashflow property into a cashflow one by ‘doing stuff’. whether that is renovating, subdividing, adding a wall to make an extra bedroom, finding a tenant, etc etc that’s basically the way you do it if you want to do it here and now and where you live rather than in NZ. Then again that’s way too much work for a lot of people which is how come most of us didn’t by a mill worth of property in a year, and the mappers did.
but we could have. is all I am saying!
joy to the world
roger that!
joy to the world
“just a time when you can buy”
yes agree with monopoly, you can buy always. It’s just that you think you can’t all the other times for ‘reasons’….but all the reasons could be solved no matter what they are. i.e. no equity but serviceability, get vendor to leave some money in the deal
no time – get a time partner and supply the moneyno money – get a money partner and supply the time
or sell a de=problemed property (high) to get another one with problems (low) and add value etc
no knowledge of market – use a bird dog
no support – join a group
too young – partner with someone older
too old – partner with someone younger
no cashflow positive properties – create them a la Steve’s latest book
etc etc etcand I should be taking my own advice, um, well spotted
joy to the world
Use a debt collection agency and keep your hands clean! You will lose a percentage though, but perhaps it is worth it to get someone else to do the running around. To delegate it.
You are already mentioning things like ‘short of putting a hit on this person’ – which sounds to me a teensy bit ‘consumed’ by the matter.
joke or no joke?
Well, if someone ‘joked’ about putting a hit on you would you find it funny?I feel your pain but I remind you that we are innocent until proven guilty. Then again people can be SLACK about paying so go hire a professional. and quit worrying.
cheers-
minijoy to the world
After going to Steve’s mini-seminar and book launch and reading almost half the book so far I *finally* get how cashflow properties are created not bought.
joy to the world
I don’t see myself stopping.
I think the more you make the more you can do, the more effect you can have.
Why would you want to limit that?
I do agree though that putting deadlines on yourself to achieve certain things by a certain date works for sure.Once upon a time I said ‘If I can meet (my musical hero) I can die happy.’ I think I was about 23 at the time. well I didn’t only meet them but had lunch, and met various other even bigger musical heroes to boot. So I made a new goal, ‘If I could play a concert with Neil Finn I could die happy’. He was another long-time musical hero of mine. Well that happened too.
And more! It was amazing! So I kept on making new goals and they got a bit more ambitious each time. Even though they seemed unlikely dreams and I didn’t even necessarily tell anyone, they didn’t seem so unlikely by the time they happened. I think that the same thing will happen with my financial goals. Get to a place you thought was impossible at the time of making the goal, but hey, you got there. So make another goal ten times as big and see what happens…joy to the world
though I haven’t got to that part yet I heard that there’s a bit about it in steve;s new book, shaune and rachel from the MAP did one
I can’t wait to read it. I too just bought vacant land and intend to do a mini-development on it this year or early next. it’s in a capital gains area and I am even looking into putting a two storey re-located block of flats on it! either that or a duplex or else two x 2 bedroom cottages would probably fit too. it’s amazing the properties you can get for relocation these days.
And so way cheaper and quicker than building. I have heard of people that got burned though. (i.e. spent too much on the process and didn’t make as much as they intended.)
joy to the world
hmmmm….well, what can I say – but farm life is not for the squeamish. I think with all our tetra-pak chilled supermarket aisles we forget that milk is from a whompin’ stompin’ cattle breast, eggs are from chicken bums, etc etc…
Yes, it might have ‘germs’ but none different from those we inhale all the time.
….
*but i just love cheese**cheesy grin*
joy to the world
Interest rates rising maybe. OK here’s the effect I reckon it will have.
Home-owners who occupy their home – i reckon all who can afford to will grumble and wear it, maybe fix rates, and others will have to sell.
Negative gearers – will be even more out of pocket and “save even more tax”. Haha. half of them who reckon it’s good to lose money and “save more tax” will hold, and others will sell, figuring out that losing in the short term to get capital gains in the long term works fine but if capital losses are likely it’s doubly not worth it. Those ones will sell.
New buyers will sit back and wait as they have heard prices could drop further and interest rates could rise further.
rents will skyrocket as there are more people renting that would otherwise go for buying, and former home owners who might sell up, invest in another market, and rent where they live.
I heard Dolf de Roos say he bought his first property when interest rates were 27 percent. And it was still cashflow positive because rents were sky high. (inflation etc.)
So I think if you keep evaluating each market it’s either going to be a time to sell or a time to buy.
One other thing is that I keep getting emails for finance available in the US for 3.5 percent, ‘you have been pre-approved’ etc. Although web spam might be a crock, it does raise the question – how easy (or wise) it is to borrow from another country where interest rates are way lower?
joy to the world
wow, I’m impressed….
19 November 2001
Small businesses and consumers are losing millions of dollars in foreign exchange transactions each year by dealing through Australia’s uncompetitive mainstream providers, according to Australia’s fastest growing provider of online foreign exchange services, OzForex (www.ozforex.com.au).
Managing Director of OzForex, Mr Matthew Gilmour, this month conducted a simple test to shed light on the plight of smaller foreign exchange customers.
OzForex canvassed forex quotes from six major providers – five banks and one non-bank – to buy 8,000 British Pounds to send to the UK by telegraphic transfer. The results showed the best provider on the day charged a margin of around 1.2 per cent on the underlying “Interbank” rate, with the worst provider charging a margin of over 2.0 per cent.
Each 1.0 per cent of margin equates to around A$230 of extra cost on the British Pound purchase, before additional transfer costs are paid.
“Thousands of small and medium-sized businesses around Australia are doing exactly these sorts of transactions through their banks every week, often resulting in thousands of dollars extra cost each year,” Mr Gilmour said. “For the privilege they get to stand in queues and deal with staff who often know little about foreign exchange.”
“OzForex aims to be the ‘Aussie Home Loans’ of the foreign exchange industry. We think we can bring a better deal to smaller customers who are neglected by the banks and other large industry providers.”
Since its launch in April 1998, Sydney-based OzForex has become one of the world’s leading online forex services, with over 100,000 visitors per month.
The company’s growing client base includes small and medium-sized businesses that import and export goods, as well as immigrants and expatriates moving countries, and individuals investing overseas who want to hedge their investments against currency movements.
Mr Gilmour said that unlike the share market, where investors big and small have access to the same price to buy or sell shares, foreign exchange is not a level playing field.
“Generally only the banks know exactly where the ‘real’ market is, and price transparency depends very much on where you are in the food chain,” he said.
“Larger corporate and institutional customers can see and deal at professional market rates – but smaller customers have little idea where the real market is, and deal on rates that can cost them hundreds, sometimes thousands of dollars more than necessary on each transaction. While it is fair that smaller volume deals attract a different price, most customers would be shocked at the size of these margins and the dollars involved.”
OzForex aims to bring both the service and the pricing enjoyed by the “big end of town” to smaller businesses and individuals. Mr Gilmour said this was being achieved by employing highly efficient systems, providing “a vast amount” of information to clients via the website and, most importantly, by making sure clients have access to personal service.
As well as enabling customers to arrange foreign exchange deals online, the site provides an array of resources to help people manage their transactions. These include ongoing commentary on market movements, real time currency charts and SMS messaging to customers’ mobile phones when pre-set currency target levels have been reached.
The website also contains over 300 pages of free currency information, with dynamic content including spot quotes, historical rate data and a variety of calculators.
“OzForex is all about bringing better understanding and price transparency to the foreign exchange market, so customers can get fair prices on their deals,” Mr Gilmour said.
Through Internet marketing and word of mouth, the site is already the largest currency website in Asia with over 4,000 users daily.
The site also has syndicated content to over 400 other websites globally including, http://www.monster.com.au, http://www.webwombat.com.au, http://www.property.com.au and http://www.Austarnet.com.au.
This month OzForex also sealed a further partnership deal with Australia’s Gift and Homeware Association (www.agha.com.au) to provide foreign exchange services to its 1,200 members.
joy to the world
I really consciously try to fear or judge less, stop myself when I do, etc.
Fear means you temporarily forgot to love.
And so does judging others.So I try to think what is the ‘love’ answer to these questions? And leave the rest (judgements etc) up to God.
Focus on the similarities that unite the world not the differences which divide.
joy to the world
marc, I just read a few pages of the book online and it looks brilliant! very ‘richest man in babylon-esque!’
joy to the world
