Richard

Thanks very much for that information, your help is much appreciated. That’s a pretty impressive record and gives me the confidence to deal with them.

Regards

pr

Thanks Qlds, just the sort of thing I need to hear. One question though, is that recommendation based on your own personal experiences or those of others as well?

pr

There you go – you’re a star with a title [biggrin]

pr

Isn’t it interesting how things are viewed in isolation and taken out of context? The mentoring program is one aspect of Steve’s business, but then there are other aspects including this forum.

I notice that you have numerous posts on this forum markpatrick, implying that you either find it valuable or at least interesting. There is no compulsion…[Read more]

I see that there are both light blue and dark blue stars. Do you have to hold your breath longer for the dark blue?[blush2]

I’ve got green – does that mean I’m way past turning blue i.e. mouldy?[sick3]

pr

I have the game also and can highly recommend it.

pr

Hi cluless

Mikala and KP have stipulated the importance of determining the income you will require on retirement as the critical factor. It is more effective working towards a target or goal than to try and guess what your assets will be worth in the future. That requires assumptions based on past performance which is no indication of future…[Read more]

Hi f1

I know that feeling well but as Koshy says, patience is important. Opportunities present themselves when you know what to look for, and often aren’t obvious unless you do know what it is that you’re looking for. When they present you then have to act.

Have you read Steve’s books? In residential property it is extremely difficult to find an…[Read more]

Hi Geoff,

Chelle has given you one foolproof method

You state that you want to become financially free. What does that actually mean to you and how much PASSIVE income would it take for you to consider yourself financially free?

Once you have determined that you then need to set goals which require you to place a time frame on achieving those…[Read more]

Hi again,

Great goals with which to start out. Many people indicate a desire for financial freedom but that can be very nebulous and mean different things to different people. Do you have a clear idea of what that means to you and what sort of PASSIVE annual income you would require to achieve that? It is important to be specific in order to set…[Read more]

Hi dkram and welcome.

Your request for someone to help you make decisions is a potentially dangerous one in that you will get varying views, advice, opinions and you have no way of knowing the expertise of the people providing that advice. Also, if you act on that advice wihout understanding you are handing control of your financial security to…[Read more]

Munjy, in those days the best we could do was to get one year leases with one year options in that area and with those tennants, even Spotless. Spotless and the butcher stayed on for 5 years and 7 years respectivley.

After they left the REAs found new tennants and we were too naive and ignorant and just accepted the agent’s recommendations for…[Read more]

Hi again,

Looks like you’re steaming along

Lease expiring next May is very close. Need to establish tenant’s genuine desire to exercise any options as well as likelihood of finding new tenant if necessary. As you say, complete your market research.

Just a couple of other questions.
1. Is the pizza shop a franchisee or company owned? If company…[Read more]

Hi hkr

I realise that you feel that trusts seem too mcuh for you but you shouldn’t discard them on that basis alone. There may be some scope for what you are trying to achieve.

Discuss the problem with your advisor (accountant/solicitor/investor) and explore the various solutions prior to your final decision.

i really want to pay off my PPOR…[Read more]

Hi Jenny

This forum obviously serves many purposes, but it’s great to be able to put things into perspective. If nothing else, after suffering a series of frustrations, you can be assured of getting a range of responses that can put a smile on your face.

BTW how is your keyboard? Oh also, if you find things get up your nose you’re better off…[Read more]

Hi JTW and welcome

Were you specifically looking for commercial property? This is still where the greatest returns are at present.

Questions:
1. What type of commercial property? eg industrial, retail etc
2. What zoning?
3. Who is selling and why?
4. Single or multiple tennants, and tennant history as well as leases and options.

I’m sure that…[Read more]

Hi again Brian,

I’m not evading your question regarding mentors, but they are a bit like “horses for courses”. It’s very much a situation of finding a number of people who are where you would like to be. Then you have to select one or two with whom you relate very well. You need to be able to trust them because you will have to be very open and…[Read more]

Hi operator and welcome

It’s interesting that you ask what should you be doing. It is probably more appropriate to ask what others would do and then wait for the range of responses, which may be quite diverse. The responses are all well considered but they are based on individuals’ goals, circumstances and experience which may well be quite…[Read more]

Hi Premo and welcome

Are you looking for an accountant to provide accounting services or are you looking for someone who can advise/mentor you in your investments?

If you are looking for the latter then an accountant is not necessarily the best person unless they are successful investors. It’s always a good principle to learn from and take…[Read more]

Hi dj

I went to one of their seminars about 6 or 7 years ago. They seemed knowledgeable and plausible but their main thrust was negatively gearing properties that were valued at higher than bank valuations. The explanation was that this would accelerate equity and therefore the ability to repeat the process many times over a relatively shorter…[Read more]