Originally posted by alf:
Do you feel that with all the wealth you have now you may lose touch with what people are trying to achieve?

How does one get an invite to your parties…?

I take your point that $10 million in property seems like a lot to most people but the point of the book is to point out that in reality it isn’t and is achi…[Read more]

Originally posted by SteveMcKnight:
From my perspective, and increasingly more so, I sense the extra burden of being financially well off.

It seems in my reading God certainly does not want us to be “burdened” by what we have. Seems to me what we have is his gift.

(I would quote Matthew 6 as well but most people interpret it complet…[Read more]

Originally posted by Brenda Irwin:
I feel I should almost call you ‘Mr’ Spann or Your Worship but I am too cheeky for that

If you did I’d be forced to slap you! [biggrin]

In the end we are all human beings with the same challenges, problems and dramas in our lives.

I just liked the quote from some guru I once heard…

“Having wealth does not…[Read more]

Originally posted by yack:
Now I am looking at commercial/industrial property trusts to supplement our income.

A quick question – As i have equity in my properties and my wife does not work – i plan to borrow $20k (claim interest deduction) and buy a spread of property trusts.

Should i buy in my name (income earner) or my wifes name – no income…[Read more]

Originally posted by Perry:
May I ask you what’s the life of a millionaire really like? Being wealthy does it give your life a lot of excitement? I’m quickly climbing my way to the top but what’s the view like up there?

A very interesting question. The view is very nice – thank you.

How has my life changed?

Mmm, well, first I don’…[Read more]

Originally posted by WaySolid:
Does the guy really need any more islands?

Err, can you EVER have too many islands? [biggrin]

Originally posted by Perry:
When will this new book be release to the Australian public?

IF I deliver the book on time (running behind) it will be released into book shops about April 2005.

Originally posted by Henry:
My reaction is a personal one so I won’t bore the other forum members.

Isn’t everybody’s reaction a personal one? [eh]

Originally posted by Henry:
Since that time we have added seven properties to our portfolio.
.
Given that I am a fan can you really justify the sort of fees ie 3k for a workshop that takes place over a few days. These questions are quite common in these forums but I don’t think I have ever had the opportunity to ask the author/presenter for their…[Read more]

Originally posted by yack:
I have just finished the Book. I have now read about 20 books on real estate. This is the best I have read. ITS A MUST READ.

Thanks for the compliment – glad you enjoyed it.

Originally posted by Brenda Irwin:

At the start of the Chapter on Renovating for Profit, Peter is meeting with Luke. Probably should have been a spare line spacing and a new paragraph started of Luke rushing off. Tis a little confusing[/quote]

Yes, it is a layout issue.
Oh well, in 67 reprints they will probably fix it.

When I click on it I go straight there.

It’s very close to the top of “active threads” if you are looking for it

Originally posted by grega21360:
I did some figuring this morning and worked out using the 100% equity I have thus accessing 80% of the values of each property placing funds in a managed fund and Using a margin of 70% I should be able to turn a loss making property into break even or positive overall in terms of the investment tied up.

While…[Read more]

And different areas will do different things – seems too broad a statement to me.

As many have said I would reserve the $1,500 largely for instant repairs or special requests although many of the suggestions made are great.
It is well known that I give all my tenants a gift when they move in (I think there is a whole thread on it somewhere), on the move in anniversary and at Christmas to thank them for looking after my property…[Read more]

Just about anything will do – certainly a personal cheque is totally acceptable but I do agree – negotiate the % of the deposit regardless – I have bought at auction with as little as 1% deposit – 2% is relatively easy and almost always get 5%

Not sure this is exactly the same as not looking at it before you buy…
I once went to an auction (in a hotel) and bid on a property only to secure it for about $70,000 less than what I thought it was worth.
Of course 5 properties later the actual property that I wanted to buy (in the same building) actually went up!
Imagine my surprise when I d…[Read more]

’tis OK – unless it’s a roooooly big one – I’m fine! LOL

Oh and I bought and sold property for a few years, then traded options and bought shares, then bought and held property, then delved into all manor of investments!

Think I qualify.
Bought, read, and applied:
“The Richest Man in Babylon” by George S Clason
“Think and Grow Rich” by Napoleon Hill
“Building Wealth Through Investment Property” by Jan Somers