Hi shmikka,

The 2 property options lawyers I personally use are:

Peter Kumnick at k2Law in QLD & Mel Ciampa from homeandhoused in Sydney.

Please mention my name.

Both Peter & Mel have contributed 8 legal option contracts into my “Property Options 101” on line training system on my education web site http://www.realestateedu.com.au

My students also have access to my tax experts and financial advisors + finance experts.

We charge $499.00 for the 2 manuals of 731 pages of content (DIY) … then we do a personal one on one 12 month coaching service for $2,997.00 (manuals included)

Money does not make you rich, the process of making making makes you rich, good luck.

Kindest regards

Philip Sigglekow
LREA author

Dear WJH and DW,

Good comments however!

Old thinking IMHO

1. If you sell where do you put your money?

2. USA property slides further down and this will affect Australia.

3. Start thinking passive income, not negative gearing and CFP.

4. The old day thinking is “your home is an asset” this is incorrect if it is the only asset you own because it is paid out of after tax dollars.

5. People want security especially women, but are experiencing nightmares.

6. What our parents taught us is not relevant today.

7. This problem started in 1971 with president Nixon when he took aware the gold standard from cash, since then inflation has gone through the roof.

8. WJH u r on track but when this post started in 2006 was the beginning of the down hill slide, plus the GFC and a possible second wave, then the talk of the DOW going under 5000 … forget about growth and selling good assets work on passive income IMHO

Who is brave to make the next call … I’m off to Rome, Paris, London and Taipei with my family in 2 weeks yahoo, paid from passive income hehe

Philip Sigglekow
LREA author

Hello Intrigue,

haha you are very funny and definitely not stupid at all.

If property was all the same it would be an easy game like a level playing field.

Jan was right for her time and was a pioneer to be respected.

Steve who owns this site if he started today would possibly fail.

I have a rich brother and one of his sayings is … making money is all about timing and luck??

I would check every 10 year segment as a cross check … prices going up is all about demand but that said there are 1000 other factors to take into account.

From a different view don’t work on growth but work on cash flow … you will also find that some areas may come down while others perform better like closer to CBDs … if you buy in a mining town and the mine closes down you now have a liability.

Keep reading and take the good with the bad … Jan was/is a great lady, I personally respect her and what she has done, not saying that you don’t.

Go to her web site and post the question and she will answer you.

What I like about you is the fact you are analyzing the numbers, this is a very good sign you are definitely smarter than you think haha keep up the good work and hang in there lots of more lessons to learn.

Philip Sigglekow
LREA author

Hello all,

I took one step further and joined the rich dad coaching program for $13,997.00 USD

I joined because his message is different.

The "content" of his program is outstanding.

I get a coaching call every Wednesday morning from Roberts right hand man Tony.

I believe the future is in on-line education and not 7K seminars + $1K per month personal coaching.

Half the course is real estate and the second half is paper assets. The course focuses away from "growth" assets into passive and constant income.

Developing in his mind is risky because you are at the mercy of the markets and interest rates.

So far so good and I want to implement his ideas into my programs.

Philip Sigglekow
LREA author

Opinions are like belly buttons … every one has one.

DW I apologies for my response to you.

I have been around for 150 years Haha … I have learnt one thing in this time … markets change very quickly … in 1990 I was playing golf with Greg Norman today I am not …

Where will you be 10 years from now.

The advise you are giving today if you read back in 10 years what would you to that person (you)

Keep up the greta work I do love yr passion … millionaires are broke but mulities are the future haha

All the very best

Phil

Forgive me i’m married with twin girls two camels 5 chickens one dog and a mad duck.

Hi Mike,

Firstly thanks for looking at my site, this week we are loading up 8 new videos then a new webinar teaching corner that can be accessed 24/7 – Kiyosaki style

Mike I believe most investors here are focused on general property, and I am bearish on this for many reasons. I can give you pages of information on real estate going back wards and it is getting worse. Am I saying do not invest NO..

Right now we, are putting together a 40 unit retirement block for over 60 year olds with yields of 15%

We/I am also working on converting motels into other uses, low cost affordable rental.

There are bears and bulls in every market.

I have been through the hype Mike for years and I see many many people fail over time because of ignorance even mine at times timing the market incorrectly.

The truth is real estate can make you rich and it can also send you broke … want a list?

An intelligent investor raises their financial IQ through education, one personal friend of mine has just lost his personal fortune of 25 million dollars, is he dumb no, his commercial and high end real estate has come back 40% and the banks stepped in, his business has also had a 30% cash flow down turn … 2 years ago he was a hero today he is at ZERO

My job to my data base of only 25,000 people is not to ramp up the get rich quick overnight theory … I believe it is also my responsibility to ear caution as a mature experienced investor and licensed.

<moderator: delete offensive reference>

There are people out there much more intelligent than I am Mick, I read a new book every 2 weeks, I came from poverty and don't want to go back there, I ask my Fin. Planning, accounting, and lawyer friends this? write down what you believe will happen in the next 12 months and then we will all get together and compare predictions.

Mick if you believe there is a boom coming go for it, interest rates are predicted to rise, mortgage reset loans are about to kick in. Banks are running out of money to lend on developments, the best deals are dealing direct with the bank that is what we do.

If you have the cash or the team to invest, you can deal direct with a bank and buy cheaper than what you can develop the stuff for.

Mick I don't know how rich you are and I don't know your financial position but I will say this. Every rich person I know (over 100 million) is both bearish and bullish, because bears also make a lot of money.

I hope this has answered your question, have you downloaded the 12 FREE goals books on my site, I wrote these myself and I want people to give them to all their friends and family.

It is the right of every Australian to be rich and happy and not just the privileged few, bears and bulls also produce one thing in common – watch out don't step in IT … haha … have a wonderful and wealthy day.

Philip Sigglekow
LREA author 

HI DW,

The interesting thing is that at 18 all his INFORMation was in the middle of a GFC.

There is also talk that we will get a second GFC … who really knows.

The governments are spending our TAX dollars to keep this from happening, good or bad our younger generation will be paying for this for years ahead.

When I started investing I had no mobile phone or internet, I went through 19.33% interest rates many haven't, all market conditions affect our thinking and confidence.

Steve has shifted his focus from Australia to USA, why is that?

Yes I agree there are deals, some ones bad luck is anothers good luck, we are looking at old motel conversions, bed sitters, and aged care accommodation to name a few.

One thing we all agree on is there is no evidence of a new boom soon, so it is back to the basics.

O = R + E outcome = response + events therefor ones outcome is dependent on their response to world events.

This bloke is only 20 and starting out, how did you feel in the beginning? 3/4 years ago the banks were giving 100% loans, today the banks have tightened and want a 20/30% deposit depending on your financial position (events)

Proserpine Airlie Beach area we see real estate sales people and trades people leaving town, Mackay has come back 40% since 2006, Gold Coast has come back 40%, SEQ we see renters in default, so you could forgive people for being skeptical in some areas.

In all of that there are deals and passive income to be created.

EDUcation + INFORMation + KNOWledge + ACTion = Success

In 1988 I was involved with golf courses and tourism projects in QLD. I traveled the world talking to potential buyers and the yen was over 20,000 points. Today Palm Meadows on the GC has gone broke, Japanese are not into those projects any more, and America is printing more cash away from the gold standard.

Want to predict the future? 

Great to be alive in this time, I want to see everybody rich and happy good luck good discussion here.

"Your home is not an ASSET"

Philip Sigglekow
LREA author 

Hi Mick,

As a 20 year old I think you are on track.

What areas of the market are you researching?

DW lighten up the guy is a young person in a very interesting period of his life, times are changing and so is the market.

3 years ago we were in boom today it is more gloomy, deals are out there and we are all passionate to become self made multimillionaire in real estate.

Mick i have lots of FREE stuff on my web site, please down load it and give it to your friends you have a long life ahead of you good luck.

My twin girls are 16 and I have one passive income property for them each to get them started really early in life.

Now I am teaching them financial IQ intelligence.

Philip Sigglekow
LREA author

Philip Sigglekow
LREA author

Hi Mike,

When I bought my first investment unit I looked at 40 properties b4 I found the winner.

I think it comes back to some time and hard work to locate the deals.

Like finding a good wife and life partner mate, you will know when the right one comes along.

Philip Sigglekow
LREA author

Hi There,

Maybe we are all wrong and Australia is not the best place to invest.

One could assume that we are on a down hill slide, some good stories of buyers finding good deals, and lots of stories of people being caught.

If we look at the esteemed leader here "Steve" he and his partner "Dave" bought 130 properties (about 20 each per year for 3,5 years) at the bottom of the market in outer towns.

Could Steve and Dave repeat this in today's market?

Now Steve if focusing in the USA market so maybe we should be following this lead, the world is a smaller place than 10 years ago.

Something to think about.

Philip Sigglekow
LREA author