Forum Replies Created
I think the average Joe Blow watching TDT for the results will just perceive the whole thing very simply, ie
Did the MAP people make 1 million dollars out of the program in a year or did they not.
The controlling bit will all get lost in the wash imo.
Rugbyfan, I think you are right. Journalistic integrity and TDT would have to be an oxymoron though.
On another note it will be interesting to see how Rick Otton is portrayed on “Selling Success” tomorrow.
Being a Real Estate Guru is getting dangerous these days!
I saw it. It didn’t show Steve or TDT in a very favourable light but par for the course with TDT & ACA type shows.
Controlling one million dollars worth of property is vastly different from owning one million dollars worth of property. This distinction seems to have been “spun” a bit.
From what I know of Steve he seems like a pretty legit type of guy but I can see his reputation going down the gurlgler if he gets much more publicity like this.
From the tone of the TDT producer’s response maybe the next MAP update will be a spin to make Steve look like some of the other Henry Kaye types floating around?
Its not too hard to open an offshore account if that is what you are getting at. By offshore I mean you live in Australia but want an overseas account.
Try this http://www.standardchartered.com/je/banking/banking_apply.html
Its just one bank of many that offer these services and no, you do not have to go there but they will want to know exactly who you are.
Bought my first investment in 1978. A unit buy and hold.
Back then you had to beg a bank manager to give you a loan. How things have changed.I retired in 1998 and now live quite a nice lifestyle from my properties. I guess I’ve done most things. Renos,buy and holds,developments. I even have a few wraps which despite all the negativity you see have worked very well for both me and my purchasers.
I well remember when the government banned neg gearing. Some of my best buys were in those days and the times of 19%+ interest rates in the late eighties were interesting too.
Property has been the flavour of the month quite a few times in the past few decades but I dont see this as much different now. Just another cycle but with the information revolution as new influencing factor.
Where to buy, regional or cities? I think you can do well out of both. Just assess each deal on its merits and go ahead. Taking action is where most of my peers missed out. They are still working jobs they hate with only their PPOR to show for a lifetime of work. Their favourite lament is “If only…”.
Good to see a lot of young people on this board having a go.
