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    WAF & Jack,

    Thanks for the feedback.

    WAF – So what would you recommend, if starting over ? And, in your opinion, do these packages show you anything extra to say to you “wow this is a good/bad deal” or is it just BS ???

    Jack – I looked at yr posting, but it seems not much advice on actual programs and what people got out of them.

    I’ve looked at a few packages, but what I want is something to maybe show me if a property is a good deal or not ( non wrap )

    Cheers & Thanks

    Scott

    Pelican Investments
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    don’t know if we’re still putting them up, by mine is to stop working full time by the end of the year and to be doing property at my full time leasure !!!

    Scott

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    A lot of their deals just dont seem to be worth the finders fee…….

    I’d also want to be sure that IF, and thats a BIG IF, you did get a house from them, I’d want to be researching the town and seeing if there is growth…….

    Cheap houses are easy to buy in a dying town !!!!!

    Scott

    Pelican Investments
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    Bryo,

    My friend had some dealing with him (directly) and the comments he had were not exactly good…

    His $3000 odd pack was sold for a lot less about 12 months ago, but there supposedly was some re-writing of it…..

    Each to his own, be careful, be warned….. for all the guru’s out there, each of us gets different values out of it…. it’s not the story, its the message, and, if it gets you going and changing the way you think and act, then it has been worth it….

    Cheers

    Scott

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    So I guess Jenman’s own code of ethics must be a sham as well…[}:)] I mean, based on his comments he must also be doing the same thing, a “sham to cover up a scam” … right ???

    Sadly, another person who tries to change the world with a baseball bat….. it doesn’t work. Don’t people get it. If you want to change things, then work from within…. DUH [xx(]

    I like the way in which he uses half truths…to suit his side of the tale…..

    The VFA is actually registered as “Vendor Finance (WRAPS) Association Incorporated” funny how that was modified…… [:I]

    I’m not going to spout more information “defending” the code of conduct. The simple fact of the matter is, it’s always better to regulate an industry (any industry) than to let it run wild and do some damage. And that is what the VFA is all about.

    He conveniently forgot to mention the other documents that are neing worked on:

    1) Consumer Advice Page
    2) Comparison on Wraps vs other forms of finance
    3) The history of WRAPS/VF

    As always, I stand waiting to hear what Jenman is going to DO for the so called affected people here. It’s easy to sit on one’s high horse, but I reserve comment on Jenman, until I see him actually out there HELPING PEOPLE own their own home. [?]

    People may think I’m one sided on this, but I am not. My choice is to be fair to people, to be open to them, and to be honest.

    I run a business, yes, it makes money, and, on top of that I get to help people. The evangelists out there seem to forget that the whole world we live in is marked up and sold to them by a business or two…. What you think that $19,990 car you drive actuall cost that much to make…. Come on folks, GET REAL PLEASE….

    I don’t just do wraps, I have other property investments and I choose the appropriate strategy for the house in question.

    I’m sure my best buddy Robecca will chime in any minute now, but, to be honest I won’t be responding….. I’m too busy running a business and making money, and, also ACTUALLY HELPING PEOPLE WITH MY OWN MONEY, AT MY OWN RISK….

    Peace to all, ( You too Rebecca [:X] ) Let’s try and live in the real world here……

    Scott

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    Phil – The answer is as Steve has mentioned, GOOD, if you do it properly.

    Make sure you

    a) disclose as much as you can, and be honest about it. and
    b) make absolutely sure that the person buying can easily afford the payments.

    Felicity – glad to see we’re not the only ones being thanked profusely for helping someone to own a home of their own…

    Monkeybam
    – The effect I see so far is positive. The home IS theirs… you DO want them to own it…

    Put it this way folks, I DONT want the hassle of someone not paying and having to leave in the worst scenario. I WANT them to have a home, and, for them to use me as a stepping stone into the mainstream banking system.

    Having to re-sell a house is not what I want….

    As far as the whole overpriced property argument is concerned, there may be people out there doing that. But that is why we need regulation.

    I have one person in a house, and, the valuation on the house is already more than what I sold it to him for. That is AFTER markup by the way folks…..

    Cheers [:o)]

    Scott

    Pelican Investments
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    As long as you are being paid out of Malaysia, then the income should not be taxable.

    You only pay tax on income earned in Australia.

    Cheers

    Scott

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    Downing several Vodka Red bulls in a pub in Singapore…..

    love the life….[:P]

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    Bear,

    Very true, and that is why it’s not correct to tar all people in an industry with a single brush………

    Scott

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    Arty,

    I can’t help but be jealous….

    You are on the road to true richness….. FREEDOM…

    Look forward to the day I can do the same….

    Cheers

    Scott

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    xyzzy,

    wow you were quick !! I’ve only just created that page on my website…. anyway…yes the link is ok now..

    if you want to see the VFA DOC, please go to
    http://www.pelican-invest.com/coe/vfacope50.pdf

    Cheers

    Scott

    Pelican Investments
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    Leigh,

    I think you will find all tempers are in check….

    No heat here…….

    Nothing for anyone to GET OVER….

    Pelican Investments
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    Peterhen,

    As they say persistence pays off.

    My biz partner and I have been looking for +ve properties for quite some time now…… suddenly we are starting to find them.

    Increasingly though, we are seeing deals of other kinds popping up, which with a little work could net us more $$$….

    Kits the streets, look around, find a few good agents, get them calling you….

    it DOES take time…. have patience !

    Cheers

    Scott

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    Wayne,

    I’ve looked at the deals, and, to be honest I don’t feel that the deals are all that great….

    You really need to get out there and do the legwork yourself if you can…. If not… then, maybe they will suit you…

    Do your homework on the areas listed….. just how much under market is the property ? did u factor in their finder’s fee into your calcs….

    Not saying stay away, as I have no dealings with them. Just saying. Be Careful, and DO YOUR HOMEWORK………………

    Cheers

    Scott

    Pelican Investments
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    Steve,

    Agree with your comments. Hope we can get back to helping each other in our endeavours without being constantly jibed at…..[:P]

    Cheers

    Scott

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    Still in School,

    I saw it a month ago, and thought it was absolute crap….. anyway, I guess each to his own…

    No the ending did not really make much sense, or the rest of the film really…..

    [xx(]

    Pelican Investments
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    Phil / Leigh K,

    Thanks for the comments…

    I guess I’d also agree that nowadays I see too many people here, who expect to have everything handed to them on a plate, without having to do any work….

    With a partner I got out there and started wrapping… ( and I’m based in Singapore )[^]

    Yes, we have done it tough, and learned a few valuable lessons along the way, but more importantly, we take time to learn, and learn from our mistakes…and never repeat them [:P]

    We also read what other people have to say, with an open mind…… which does not always seem to happen here….

    To all the negative people / detractors out there, sorry, but you have to get off your butt and do some work yourself…. I dont recall seeing the words “HOW TO” in the title of Steve’s book…. [:0)]

    Peace all…..

    Scott

    Pelican Investments
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    I’ve been lurking in the background, reading all the posts here, and, I guess it’s time to add my useless 2 cents worth….

    I think we have to look at Steve’s book for what it is…. It’s a book recalling what Steve did to get to where he is… IT IS NOT a HOW TO GET RICH book….

    Yes, we can follow some of the examples and hopefully we get there too, but we have to understand the book for what it is…. more like a diary.

    Personally I could not put the book down, and read it over a 3 day period… It reminds me of a kiyosaki book, but without the sales gloss. Steve was also quite open and honest about quite a few issues, and I applaud him for it…

    NO book is ever going to map out everything you need to do, and how to do it…..

    OK, so what does all my drivel mean ??? [?]

    Take the time, read, learn, educate yourself.. as we always hear many times, a doctor spends years of learning before he can be a doctor…. what makes you think you can be a property investor, without doing something similar ??

    If anyone is complaining about spending $30 on a book, then I suggest you aren’t ready to become a property investor. [xx(]

    Pelican Investments
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    Please send me a copy too thanks [:D]

    [email protected]

    Cheers [:)]

    Pelican Investments
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    [:0)]

    Powmow, reminds me of the other husband & wife rule.

    1.Wife is always right….
    2.If at anytime in doubt, refer to rule 1…..

    [:P]

Viewing 20 posts - 421 through 440 (of 441 total)