>John Burley Forum
>http://www.mastermindforum.com/
>(what ever you do, don’t mention Steve’s name here )

sooshie – why???!!!!

Minnie

Re Positive cashflow in NZ, yeeeeeeeeaaaaaaaahhhhhhhh!!!
That’s where I’m doing it. OK. I live in Australia so it will have a few problems, but nothing unsurmountable.

Closing costs are heaps cheaper in NZ, i.e. no stamp duty, LIM reports are easy and cheap to get (they are the name of the council reports on properties that show subdivisions, permits, etc) – lawyers are cheap, especially in the regional towns (and why not use a local conveyancer, leveraging off their local knowledge)
builder’s reports are cheap….I paid only $270 NZ for a builder’s report done by a certified inspector that does nothing but reports, 5 pages typed, etc etc

cheers-
Mini

Hi there,

a while ago I found one (on the net) for sale in Bathurst advertised at $160 per week rent for a $35,000 property….

however on another web-site (thanks to steve and brent who pointed it out) the exact same property was for rent at $65 per week.

I didn’t go for it, anyway I loathe bathurst (bad experience).

But I *loved* this comment….

> I’ve bought several properties that I have never seen and >possibly wil never see; the only thing I need to know is >whether it makes me money or not. That’s it bottomline…

Thank you so much for that signpost in my particular property investing road…..

cheers-
Mini

re the comment

>If it’s your first foray into property investing, i would play it >safe and use the tried and tested method of buying >something within 5-10km of the CBD.

I live in Paddington, Sydney which is within 5-10k of the CBD. Our house would be worth at least 700,000. We’re renting it for $400 pw. One across the road that was similar went for 950,000 last year, and it’s not freestanding, ours it. So that figure is conservative. Do the math….

>You will get nil/minimal >vacancies and good growth.
hmmm….???
Can I have that in writing? define ‘good’….
How much does it cost you per week in losses to get this expected growth, and for how long do you have to hang on to it?

As for vacancies, there are plenty of houses even in our street (very desirable part of Paddo) that are for rent and empty for weeks.

After all the learning, reading etc I’ve been doing for the last year my humble opinion is that you could do better with 10 X $70k CFP properties than 1 X negatively geared 700K property.
(just as an example, not necessarily relevant to the situation of the person who started this thread.)

there was an article on PCF versus Cap gains in the last or issue before last, of Australian Property Investor magazine.
They pretty much made the same conclusion.

Oh, one more thing, I went to the Investing/Property expo in Sydney last weekend and, ~~!!! talk about wall to wall advisors wanting to invest your money for some lame amount of return…!!!
I guess i should have expected that, really…they suck you in by telling you they want to make money for you, but really, they want to make money from you.

cheers-
Mini

>ONLY BUY THIS BOOK IF…

takes too long to get to the answer to this question perhaps?

(….you want to know how to become a property millionaire in three years.)???!

Re: the Julie story, I agree with what many have already said, surely if you’re a millionaire neither you nor your wife would need to work any more, unless you want to!

> If you’d like to work less and want to discover the way my wife and I achieved
> financial independence in less then three years, then [book title] is for you.

re: this bit, I think ‘working less’ is not nearly so attractive as ‘achieving financial independence in less than three years’, the latter meaning (to me) that neither of you have to work ever again, as income from your investments makes you more money than your expenses.
I think you have to tell people that *that’s* where they can get to

Not just some halfway a bit better place where you ‘work less’.

>While this book outlines how you can achieve extra-ordinary wealth building >results, it’s certainly not a book about how to get rich quick.
Isn’t it? i would have thought that 3 years is pretty quick. i would also have thought that your method is not only a quick one (because of leverage etc etc) but also a safe and secure one (because of positive cashflow) and that would be two points I would think you’d want to mention.

Nobody wants to hear that it’s slow and really hard, they want to hear that they can read this book and have the know-how to do what you did within a time-frame and that you’ll show ’em how.!

> Contained in the upcoming pages is detailed, specific, challenging, honest and
> thought-provoking information about how to use positive cashflow property
> investing to build enough passive income so you can gradually work less and
> then, finally, no longer need to work at all.

this is great. You’re on to it. i think that’s the guts in a nutshell.

> You might be wondering that if I’m so wealthy, why bother writing this book?
> Well, I’m a natural-born mentor and derive enormous personal satisfaction from
> helping people, just like you, improve their financial and life position, with
> a focus on breaking the bonds of 21st century slavery – having to work.

You could add a lighthearted crack such as ‘Besides, what good is it if you’re financially free but your friends are still struggling to get by with their full-time day jobs? I had to write this book for my friends if I wanted some buddies to play golf with!”
ah, I dunno. but you could add something like that there!
On a serious note you could use the word ‘joy’, it gives me great joy to empower other people to do what I did’.

> The positive gearing model is one that values income returns above capital >appreciation in order to gradually scale back your need to work without >suffering a drop in your lifestyle.

I think there’s an even simpler way to describe this than “scaling back your need to work” or using the word ‘lifestyle;,
A lot of people have heard of positive gearing (and negative gearing) and didn’t know what either of them mean, let alone the difference.
(shh, don’t tell anybody, but I was one of those people before I came to your course.!!)

so how about this, ( hack-job edit)

The positive gearing model is one that values income returns above capital appreciation. When the income from a property is greater than the loan repayments and ownership costs, you make money. That’s positive cashflow investment.

This is the story of how I, together with my business partner Dave Bradley, have used the positive cashflow model to acquire 130 properties in under 3 years, at an average of a new positive cashflow dwelling every eight and a half days.

This book will show you how you too can become a positively geared investor able to acquire multiple properties almost indefinitely.

> Nothing written in this book requires you to be an accountant, economist,
> rocket scientist or brain surgeon to understand what is written. My approach
> to investing is based on common sense.

I love this bit.

> It’s my sincerest wish that this book will help you to achieve your life
> goals. In order for this to happen you must take responsibility for taking
> action. It will be relatively easy to read [book title], but far more
> difficult when it comes time to moving out of your comfort zone and taking
> action.

ditto.

> So with all this in mind, should you buy this book?

oooh…..I dunno…i think, don’t even introduce the element of doubt that they might not buy it!
I think you could write to the reader *assuming* that if they’ve picked it up and are reading it, they’ve bought it.
Even if they haven’t bought it, that assumption will draw the reader in, whereas that statement above keeps them at arms’ length.

> If you believe you deserve the freedom that financial independence delivers,
> then yes – definitely. I’ve shown many others how to use positive cashflow
> property investing to build a lifetime of wealth and now, if you have a mind
> eager to learn, then I’d like to show you too.

cool

> Join with me now as I outline what works, and what doesn’t, in the world of
> real estate investing. I promise it will change the way you invest in property
> forever.

great

I think the reader needs to know that you will show them exactly what to do and how to do it, what to look for, how you did it, and that they will be empowered to do it too.
Well, that’s what I’d like, anyway!
That’s why I bought Robert Kiyosaki, Dolf De Rolf (Roos, but I call him Dolf de Rolf) – but they didn’t deliver details, and i think you will. i think that’s an important difference that you could somehow point out too.

I think I would like to know (if I was browsing and i didn’t know you) that there *is* work to be done, that it isn’t some scammy empty promise based on hype, and i think it would be OK to tell the reader that although they’re aiming for financial freedom in three years, that during those three years, they’ll be working their butts off *in addition to their day jobs* and facing more challenges of every kind than they ever have, but that it’s nothing they can’t handle, because you have walked before them to light the way…. aww…..

cheers-
Mini

Hi Steve

I think you should call it

‘How to Become a Real Estate Millionaire in 3 years’
*how I did it and how you can do it too*

“Become a Real Estate Millionaire in 3 years”

or

“Real Estate Millions”

or
“How to become a Millionaire in 3 Years”
*by investing in real estate*

ot put the word ‘you’ in there –
‘How you can Become a Real Estate Millionaire in 3 years’

rather than using the word property, I think Real Estate is more international and has a kind of glossy zing to it that
‘Property ‘doesn’t. hmmm. maybe.

A title like this (i think) puts the focus smack bang on what is *really* motivating people who might look for and buy that kind of book….i.e. their dream – “i wanna be rich, retire, etc etc etc etc, get outta the rat race….but I don’t know how”. A title like this tells them what they wanna hear, that it’s possible, ( because you did it ) that you will show them how, (the most important) AND gives them a time-frame which seems unbelievable. Enough to pick up the book, buy the book!!!!!!!!

It’s an extremely international (read: American-style) title, I know, but hey, Antony Robbins has made hype mainstream, and I think that will help give the book the wings it needs.

A little sensationalism.
No matter how good the book is, i think you want the title to JUMP OUT and press some buttons.

I’m a songwriter and I once saw a book advertised called ‘How to Write a Hit song’. I bought it just for the title. (I was cynical about the content but it turned out to be pretty good!) I notice how many people I work with in my studio notice that title out of all the books on my shelf (and the spine is less than 1 cm thick) and want to borrow it.

title, title, title.!!!!!!!!

When i write songs I try to make sure I have musical and lyrical ‘hooks’ that stay in the memory, and I think that a book title (of this ilk, after all you will be on the same shelf as Kiyosaki, Robbins) needs to be as big, bold, button-pressing, challenging, publicity-attracting as possible (provided it accurately reflects the book you’re writing which i think it will.)!

Oh Yeah

PS
i think the word millionaire is even more important than Real Estate or Property from the punter’s point of view. I think that more people want to know how to be millionaires than are interested in property. I just think it could reach more people with that kind of title.

OK enough woffle from me

cheers-
Mini

Ouch!!! That guy Reed sure is bitter. Perhaps because RK sells heaps more books than he does?
Well, I’ve read heaps of RK books. In fact Rich Dad Poor Dad as well as ‘Losing my Virginity’ by Richard Branson would be the most inspiring books to do with taking control of my finances (RK) and thinking like an entrepreneur (both!) that I’ve ever read. Rich Dad Poor Dad is more about the principles of moving beyond what I call ’employee-consciousness’ and into ‘investor-consciousness’. I completely get how his ‘poor dad’ could actually be well educated, have a top job, but still be ‘poor’ as RK describes it.

Anyway last but not least, I think RK is one of the few financial teachers that understands money as energy, in particular the need to give a certain proportion of your money away.

This is a bit of a deep subject in itself with connections to ‘tithing’ in many religions, but I have found that it is absolutely necessary and part of ‘flow’. Actually, i can’t really explain it.
However it does set Kiyosaki apart from many of the others, as a ‘service to others’ kinda guy, rather than just to himself.

I really think that he has a calling to be an educator just like his Dad had before him, and that that’s his real motivation for writing educational books. I don’t think he knew when he wrote them that it was going to take off like it did. In fact he had to self-publish at first!

bye for now- looking forward to seeing everyone at camp, AKA the melbourne seminar!
cheers-
Barb