Couldn’t agree more clones.

The residential market operates in a spectrum but your example is by no means an extreme. In fact not uncommon.

The marketing of properties involving depreciation and “tax benefits” from negative gearing is of concern. The aim of investing is to make money, not to lose it, even if up to half of those losses are…[Read more]

Hi Munjy

As a general rule of thumb property is based on demand, and with commercial property, as you have indicated this is determined by the rental yield and the security of that yield. In other words a good tenant with a good business and a good revenue. With doctors etc there, is it near a hospital? If so then they are more likely to be…[Read more]

Hi gilad,

Have looked at car spaces and found that they claim around 8% return. But that is gross, very gross[biggrin].
After costs etc they were not CF+. Also they are very small areas that can’t be adapted to anything else.

Storage units can be ok but just like every other type of investment they require due diligence of the individual…[Read more]

Hi Kittee

With what you’ve already achieved why would you need inspiration?

Inspiration comes from within and then that drives motivation and action. Sometimes encouragement and support may help but if you don’t generate your own inspiration you will be limiting yourself to what others can do for you rather than what you can do for yourself. In…[Read more]

Hi Sam,

The main difference between investing in smaller towns and larger ones is in the risk management. It is possible to go without tenants in both scenarios and the likelihood will vary on the specific individual circumstances of each area. Due diligence will assist in that decision.

Population is not always a deciding factor on where to…[Read more]

I had a look at a number of these DHA properties in Queensland and NSW last year. The reason I looked was that I received some brochures in the mail informing me of the investments. On the surface they looked very interesting with “guaranteed” 9% returns and potential capital growth.

My plan being geared towards CF+ IP’s these looked worth…[Read more]

Hi Trent and welcome

Congratulations on starting the self education process.

What historical/current data points do you use to identify a positively geared residential purchase … and where can one source this data?

The question everyone asks when starting out is where to find CF+ properties. These days in residential investments they are…[Read more]

Hi giddo,

Unfortunately people on this forum can give only their own views and not those of the average investor. It is hard to know what the average investor is, and even harder to determine how (s)he may think either collectively or individually.

I am working on the assumption that it’s value is a function of it’s return.

I think that…[Read more]

Both Steve McKnight and Rob Kiyosaki are successful investors and great motivators and educators, and neither of them makes any guarantees. They both have different approaches and attitudes indicating that there is more that one way to skin a cat.

They do have things in common though. Amongst other things they have learnt through failures. They…[Read more]

None of the so called experts are able to predict booms. Do you have a crystal ball?

I can always tell when a boom has happened [biggrin].

As others have said, money can be made outside of boom times in both property and shares, one just simply has to alter the strategy to suit the market.

pr

UsanaAssociate

Kiyosaki is just one author expressing his view. There are many other authors of varying success with differing views. There is no one correct or best way to do things otherwise we would all be doing them. Surely what matters is what works for the individual. I know of people who have either never been involved in network marketing…[Read more]

Interesting thread this one

I am looking at joining a certain network marketing company. Unfortunately Amway have given the industry such a bad name, which makes makes life harder for some of the newer ‘better’ ones.

What determines “better”? Despite individual opinions and experiences, it is hard to argue with a business model such as Amway…[Read more]

Hi voigtstr
Don’t be so hard on yourself. Attitude is what determines our results, especially attitude about ourselves. Often we have skills and abilities to which we are blind.

You say you are not a salesman. Actually you are, you sell your time to your employer. Just another way of looking at things.

When you say you can’t do things is that…[Read more]

How good a friend is your friend? Have you had a good long term friendship with him? If he has spent $100K how much value has he added to the premises? What is a fair settlement on the money he has put in?

If this person wasn’t a friend what would you do?

Friend or not it is reasonable to have a fair and equitable outcome for both parties. Your…[Read more]

Simon,

I couldn’t agree more with you that there is no right or wrong here or even what’s best. It still begs the question though, as to what is education and are people without degrees less educated? If a limited vocabulary and grammatical errors are a sign then we’re in real trouble because the media and our political leaders often make…[Read more]

Wow, now the debate starts hehe.

Kay, you may be right about Kiyosaki’s influence and that pre-school kids would be learning to sell counting blocks to each other; however, selling and counting are very important basic skills that all of us rely on. Also, there is an assumption that people who have passive income have no other wothwhile pursuits…[Read more]

Dazzling’s points are very good. My degree was useful basically only for my first position, and after that it paled into insignificance in comparison with my experience and other issues.

Of course if you venture outside the area of your degree then it may have little significance. At the risk of provoking an outcry on this forum, I believe that…[Read more]

Hi Lumwood,

Yes, good thinking. Probably our most important asset is our health while time is our most important “commodity”. The time problem is a viscoius cycle because most people are programmed for active income so in order to “survive” and achieve more income people tend to spend more time chasing that income. Then time available for other…[Read more]

Hi again Jarred,

Great that you want to gather other perspectives but your comment about full time is interesting. What is full time?

When I was building my private practice I was working 80-100 hours per week (crazy I know) – is that full time or double time or what? Isn’t it priorities that determine the quality and the quantity of time that…[Read more]

Hi Jarred,

Have you determined what it is that you actually want to be, do, and have in life? Might sound a bit philosophical but it is really important in that it provides direction and then from that come plans/goals etc.

Seems like you enjoy your uni course, which sounds fascinating. Why would you want to give this up?

My background is a…[Read more]