Bruham,

I think you will find on Peter’s postings here and on somersoft forums. He mentiond openly that Shares / options etc, provides him with income and added $$$ for more properties…..

So, he’s advocating alternate income sources to build an empire….

Fair enough….

It’s been interesting to note that there has been no question of…[Read more]

Yack,

to add my 2 cents to this :

Rural areas – Do have growth, if you are careful / good at the time you buy…

Valuations – yes, we would have thought that as they were the “experts” they would earn their keep and do some homework….. BUT, as we have found recently, on many occassions they don’t even bother to LOOK at the property !! or at…[Read more]

We have done heaps of deals by having the customer first.. The issue is finding people….. ( which isn’t too hard !! )

In today’s market, with values moving all over the place, it’s probably not that good to be holding something you may not be so sure of moving quickly…….

Cheers

Scott

You may know the cost of everything…. but what…[Read more]

We know Rick & we buy houses reasonably well, and are an old referee for his wrap kit…..

My question to you, which you should ask of ANYONE is……

How is your money secured ?? Yes the returns are high, as, effectively he is using your cash for deposit funds I assume….. So, you are effectively providing an unsecured loan……. Or are…[Read more]

Hi Phil,

One good point you made there, is, that’s it’s not necessarily about the Number of houses…. I’d suggest it may be more about the amount of INCOME they provide… be it 1, 2, 5,15 or 50…. or more…..

Cheers

Scott

You may know the cost of everything…. but what about the value ????

There is also the potential for CG on 4 properties that you could renovate and sell/re-finance……

Ascending,

I think you will find there are a few groups out there already….

suggest you do a forum search here, AND on the somersoft forums…

Cheers

Scott

Maybe, on a technical side, when members sign up, as part of the “welcome email” that they get sent, they are ADVISED to try a search on the forum, before posting on a topic……

It IS tiring seeing the same ol questions, but I do understand that we have a constant influx of newbies here….. And I don’t mind helping em out….. As was…[Read more]

It’s funny that the same old faces pop up, spouting misinformation about wraps, when they themselves have neither wrapped a property, or, educated themselves on wrapping…..

My biz partner and I just wrapped house # 40 this week….. we have NO unhappy customers… We have a HAPPY bank, HAPPY CUSTOMERS..

WHY ?? because we do things from a…[Read more]

not sure why I’m posting in this thread, but anyway………..

RACISM exists in EVERY country in the world.. I’ve lived in Asia for close to 17years now, and I can tell you, I’ve seen VERY STRONG or BAD RACISM nearly every day here, in 1 form or another……

Most of it is much worse than “name calling”

Australia is a very tolerant country.…[Read more]

HUH ???

Jack…. what are you trying to say ???

You may know the cost of everything…. but what about the value ????

http://wraps.blogspot.com/

Hello,

Let me be the first, thereby opening up the flame war to follow on this one !!!

Vendor Terms financing is not legal in South Australia… This was done MANY years ago, do to various reasons….. but not because of wraps, or anything recent.

IN SA… most people get around this by doing lease options…..

For more info on this, I…[Read more]

You can be sure of that…….

Acey,

I know you think you are a big fish in the little ponds of investing forums, but, seriously…. stop being an arrogant twirp….. You aren’t a god, and, neither am I or Steve or Jan Somers or any other “guru” It is posts like yours that the regulars go elsewhere….. and by the way, I do go elsewhere… I actually get out there and…[Read more]

Yack,

drop me a message if you come thru again anytime soon…..

Happy to be a tourguide… if I’m still here…….

Headin “home” soon ( although home for the last 17years has been Asia…. )

Hi KP,

Yeah, Bintan / Batam are very “interesting” places, however I think the risk is too high for me…..

The laws there are decided by whoever has the knife or gun, or…. who you piss off….. No thanks…..

Geylang – yes, quite a “colourful” place !!! [blush2] The food there is good….. but too many distractions [happy3]

Yack,

You guys really missed a lovely meal !!! The Curry is very nice, and, the fish meat from around the head is the most tender !!!

Did you do any shopping at the ” House of Hung Jewellers” ??? ( I Kid you Not !!! ) They have a large female clientele…..

Steve,

You’ve been deleting too many posts anyway !!!!

HEHEHEHEHEHEHEHE……..

if you can, try to get a USB keyboard…. much more reliable….. and you usually get more functions as well……

Cheers

You may know the cost of everything…. but what about the value ????

Yes, but hang on now….. Steve’s major strategy at the time was wraps, which he is now staying away from….

Peter’s strategy is a more long term, buy & hold one…..

BOTH have their advantages & disadvantages… it depends on your own goals….

Cheers

Scott

You may know the cost of everything…. but what about the value ????

Hi Guru,

Nope, all are in Australia, as well as a soon to become PPOR.. so… 38 all up….

My partner has been doing the majority of the buying…..

We’re about to start work on a development deal we have in place…. Subdividing a house & block to build 2nd house…..revalue the lot, and, use new value to buy more…[Read more]