Forum Replies Created
Hi all
Level blocks are great. My point is that what appears to be level often isn’t. If you can’t get access to sewer and stormwater pipes then you can’t develop. A builder once told me, in his blunt way, that shi… sorry effluent doesn’t run uphill. If the block does slope away from the road it pays to check the depth of the pipes as often the pipes are deeper than the amount of fall in the block thus allowing you to drain back to the street anyway.
Good luck
DarrenHi Unicorn
I am an agent in Penrith. I have also noticed that finacial planners tend to focus on the products that they make money on – as do I. There are two in Penrith that I know of who understand property. Drop me an email for their contact details. I ahve been harrassing them about the same things you have mentioned so they should be on the ball.
Regards DarrenI expected a bit more fire from the forum as it seems that the majority of you have built your strategy around positive cash flow.
I am not saying that either is better as I believe that it depends on your end goals as to which strategy works for you.
What I would like is solid argument about why you have chosen a particular startegy and how it has worked for you.
Surely every strategy is based on building wealth.
Convince me!!!!!!You’re right content means everything.
It sounds like a lot of people in this forum spend a lot of time learning.
How many seminars do you do before you feel confident to invest?
Is it an ongoing learning process?
There is a lot of talk about doing your homework. Who do people rely on to complete their research?
Thanks again
DarrenYou guys (and girls ) are a wealth of info.
I would not charge anything for my seminars.
Their purpose is to educate a group of investors in the hope that they would rely on me to source their inv properties.
My commisions would be paid for by the vendors at the same fee I charge for residential sales.
A large part of my client base pays way to much income tax. Up till now they have had to rely on their accountants and financial planners for their bad advice.
I think my main target market would be inexperienced investors – where else do you learn this stuff.
My father has been in r/e for 30 odd years and even his understanding of inv is limited to the traditional tecniques.
I must disagree on the sucess of the presenter. How can someone preach a method of improving their wealth if they haven’t done anything themselves? If your ideas are good back them up with action.
I’ll ponder Kay Henry’s comments re offering something different. Your spot on when you said that most of the info is outdated and overused.
Have a great weekend
DarrenHi
Visited Vic last year and was super imoressed with how Phillip Webb runs his business.
Knock on his door.
I learnt more from him than you ever will from Mr Jenman
DarrenJust goes to show the value of doing your homework.
DarrenHi
Definately offer on all 3 and tell the agent to let each owner know what you have done. This works better if you can offer to settle quickly.
Check drainage. Sometimes a block looks like it is level but this is not always the case.
Local plumbers normally know more about drainage than anyone else.
Happy haggling
DarrenHi beancounter
A property is only worth what someone is willing to pay no matter how scarce.
If you want to ensure you get the best price on a given day then put it up for auction.
If it is so scarce then the bidding will reflect the properties attributes.
As to chosing an agent look for the one that has the best track record. What have they sold?
To sell sucessfully they should have a marketing strategy. Ask them who the target market is and how they intend reaching them.
I’d like to sell my car – will you pay me 30k more than its worth. Its very rare.
Regards DarrenAnubis – Redwing – Depreciator
Thanks very much for your comments.
Firstly, I am a licensed Real Estate agent so the only advice I would give is my experience of property and the investment strategies that I learnt thru my own efforts and thru watching others.
I agree wholeheartedly that you can’t take advice on anything from someone who hasn’t been sucessful themselves.
I own 6 investment properties and have shares in various syndicates for dev sites as well as an option on another site which I have just lodged a d.a for.
As to credibility that is something that you can only earn. My cred as an investor is undeniable, my cred as an agent is built on the strenth of my client base. Unfortunately for our industry there are always cowboys who look for a quick $. This is my career.
Your advice re guest speakers is spot on. We thought about bringing in accountants/financial planners etc. The problem is them bringing their agenda. I want to teach people how to minimise their tax thru investment, how to build a portfolio thru inv, how to set up their finance, how to research the right property and how to deal with the consultants that are required to dev property. These are all things that I have personal experience with.
I am not a genius. I make mistakes.
The trick is to learn from your mistakes and the mistakes that others make to ensure that after each deal you are better prepared for the next.
Loved the comment about everybody being different. Its easy to forget that not everyone thinks the same way. I’ll remember to try and offer advice that is balanced and informative.
Should guest speakers be from a particular profession or local identities such as sucessful business people/developers/builders.
Reading Jan Somers gave me a lot of ideas – what are your thoughts on her?
Which inv guru’s do you believe in and why?
Whos the best speaker you’ve seen? (and worst)
Do you prefer statistics to back up a point or talk?
You three can be my honarary advisers.
Hopefully I can return the favour.
Let me know when you’re next looking at a property and I will email a demographic summary to show you what I can do.
Thanks heaps
DarrenThe truth always comes out in the end.
Better to disclose and attract the right buyer than to ruin your credibility by bending the truth.Darren
