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  • Profile photo of Pink PantherPink Panther
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    @pink-panther
    Join Date: 2005
    Post Count: 6
    Originally posted by cbellesini:

    Steve did provide a cooling off period in which a full refund was offered if you did not want to proceed. I have always found Steve honest and genuine in all his seminars and products and am impressed that the teacher in him is helping people achieve their goals. Good on him for continually coming up with new and crative ways to teach

    I agree, I didn’t make it in time to sign up for the mentoring but will definately be in it if there is a next time.
    If it wasn’t for Steve and Co I would still be scrambeling through negative gearing property seminars etc… (not that there is anything wrong with that).
    Good luck to all those who are in the program – to those who have their opinion….remember – it’s always better for that opinion to have value, and to be constructive.

    Profile photo of Pink PantherPink Panther
    Member
    @pink-panther
    Join Date: 2005
    Post Count: 6

    Instead of jumping to conclusions about how terrible the program is, why not ask the guys who are doing it right now. I am sure you will get mixed responses but really, you should get more of an idea than listening to someone who doesn’t know anything about it, and has probably never been to any of the seminars etc…

    I assume we aren’t in kindergarden? Where has whinging without facts ever got anyone? Be constructive – offer changes on a positive note…..you’re wasting your own and everyone else’s energy by just venting with no value.

    Steve – maybe you could offer a money back garentee over 2-3 week’s trial or something to that effect – that could take care of sceptics as well as those who aren’t really commited – saving time for everyone?

    Profile photo of Pink PantherPink Panther
    Member
    @pink-panther
    Join Date: 2005
    Post Count: 6

    Is it near a uni? Instead of a B n B that needs constant attention, you could make it a university boarding house?? How many rooms? How many would have to share bathrooms etc?
    How much rent vs. value – not sure it would be worth it?
    Lots of $$ to outlay if then cannot onsell.
    Find out why it’s not selling, why wouldn’t someone who can afford it want to live there with a bit of reno?

    Profile photo of Pink PantherPink Panther
    Member
    @pink-panther
    Join Date: 2005
    Post Count: 6

    hmmm, well, I would start with banking the money in high interest return.
    Then off to another state to go buy 3 low end properties in WA (already sorced btw, no capital hint hint – hehe [wink3])
    As follows

    Property 1 – (a solution I admit) $60K / $130 rent p/w.

    Property 2 – Large land Needs new bathroom (major) new kitchen (minor) new carpet, paint $80000 with renovations. $190 pw rent.
    Build granny falt (1 bedroom) out back for $70 / $150 pw rent.

    Property 3 Large land again. Needs major superficial renos throughout. All plumbing and electrical done – all appliances for kitchen / bathroom supplied. $95000 with renos / $200 pw rent.
    Granny flat opu tback $70000 / $150 pw rent.

    Total cost – $315000
    Rent p/a – $42640

    I would then

    A) Live off the rent – use the cash in bank to go to Martyn’s 1 day offer of learning how to develope for $2500, and use the rest of the cash to buy several properties / land to subdivide / knock down and develop.

    B) Re-value 2 renovated properties and sell for a total of about $410 000. (If this was the option i would be buying a lot more properties, renovating and selling – also buying and holding some to have continuous cashflow).
    and or I would find a block of units (slightly run down, badly managed hopefully near a uni, supply basics like furniture, common kitchens bathrooms etc, rent out to students….ideally :o)

    Not sure if all my figures are correct….

    Profile photo of Pink PantherPink Panther
    Member
    @pink-panther
    Join Date: 2005
    Post Count: 6

    i am also looking to do this as it seems to be a good way to get some extra income to help build som ecapital for the othe rinvesting strategies.

    My question is on structure, how would you set it up? Especially if one has a partner?

    Profile photo of Pink PantherPink Panther
    Member
    @pink-panther
    Join Date: 2005
    Post Count: 6

    Same here, was at the seminar but funds aren’t flowing freely at the moment. I would love any sort of knowledge / mentoring from Martyn. Excellent speaker. Always wanted to get into property development but it always seemed out of reach, he made it seem very possible finally!
    The name of his book would be great.

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