Forum Replies Created
So AP are saying it is more intelligent to have higher density or urban sprawl.
Should we be focusing in utilizing current spaces better where there are essential services already installed.
Philip Sigglekow
WOW what a great post this must be a record,
Yes there are many factors still coming to play.
While there are always good positive cash flow deals to be had there are potential dangers as well.
There is still a great deal of danger in the US and EU that could effect Australia.
Spending is down in Australia and the election is spending millions of dollars of tax payer money to win votes.
Personally I don’t care who gets in my only concern that Labour will spend and get us more into debt where the Liberals have a history of saving. Thank god the Howard/Costello partnership saved lots of money to hedge against the GFC.
My other concern is that if we do get a second way the money has been spent, so then what? oh print more money??
Commercial vacancies in some suburbs in sydney are over 30% because business is struggling.
For us we are only looking at the cheapest end of the market in well positioned areas.
It is a hard call predicting the future however with mortgage resets about to kick in there is definitely lots of more pain coming.
Philip Sigglekow
author.Hello CYC very good response,
Where do you advertise your Lic cleaning service, do you also offer a property inspection for landlords?
Great work well done.
Regards
Philip Sigglekow
Are you an experienced investor?
Why fly to melbourne?
Are they licensed advisers?
What is their license number.
Who are the names of the people you have talked to so far and we can run a check on their names.
Every person giving you advise on “investing” must hold the appropriate license.
NEVER confuse PS 146 as a licensed advisor, this is misleading.
Check all the prices on realestate.com.au B4 you get on a plane.
Get an independent lawyer and accountant to check all the figures.
NEVER go with a lawyer, accountant or financial advisor they recommend … you must engage your own people.
Lots of good qualified people here to help you.
All of this has been discussed B4 in previous posts.
So tell us more can’t wait.
Good luck regards Philip Sigglekow LREA author
This is easier than is sounds and I welcome you try then you can appreciate the job a good sales agent does.
I agree that there are only 10% good sales people and good business agents in the market.
Today you need to be intelligent to be a good agent.
Commissions are rising because running a business office is expensive just try it and see what you have to do to make a profit.
I believe in the future that agents will charge a set fee and not a percentage … some companies are doing this now.
I have trained over 1000 agents … I am selling my house in Hunters Hill Sydney and although I am licensed in all states I am giving the job to McGrath HH using Tracey Dixon because she is the best … and I negotiated a set fee.
Just my thoughts hope this helps.
Yes FW I think that buying in old established areas is very intelligent for many reasons, firstly land size, then transport and schools and then either a knock down rebuild or renovation.
Older established areas are also better located close to the CBD
We are currently doing a program running numbers on buying old properties out west in Sydney and adding granny flats down the back to increase ROI
Philip Sigglekow author LREA
Very interesting situation and once again not thought out well from the beginning from the Rudd leadership.
The only main difference between Asia and Australia is population and demand of land respectively.
Australian population is 22 million and China is 1.3 Billion therefore the percentage of Asians that can afford to invest outside Asia and into a safe haven would amount to more than the total population of Australia.
Take 5% of the population of China at 1.3 Billion is 65 million people wanting to protect their money in an unstable world financial crisis.
Another perspective.
Hmmm great post,
No. 1 it does not matter who the presenter is but in my opinion is does matter about representation to the public and this sounds like some of these people have done that, which is sad and if correct a lack of intelligence and poor character.
Years ago I went to a 2 hour free seminar in St Leonard’s in Sydney and the person, who has been mentioned on this site in other posts said, my 7 year old son just negotiated a 2 million dollar property deal using the techniques I am about to tell you … there were about 100 people in the room and ONE left, and I still wonder today why the others stayed.
Property is about 2 parts only … the land and what is on it … the rest is about people and negotiation skills.
Conceptual planning, splitters, wraps, on-sells, simultaneous settlements, time sensitive, torrens, JV Partnerships, co-habitation, Options are all terms and W4L is correct all derivatives in one form or another of an agreement between the buyer and the seller.
Mark Roltan will have 100 different agreements as I am sure Carly Crutchfield will have 100 developers agreements and I have 100 agreements from what I have done from Golf Course development sites to land subdivisions. Every agreement is different because they involve different people buyers/sellers conditions
I have an A – Z options module and I will discuss with my solicitor to release it here for free, keep posted.
For the novice don’t get caught up in the big up sell, learn people skills and then learn how to negotiate first – all the rich people in the world including Australia are good sales people … Mark and Carly are good sales people before they got on stage, this is the hardest skill to learn.
Most people think there is a secret to making money in real estate or property developing but the only secret in this business is communication skills … one old friend of mine has personally developed over 15,000 lots of land in the last 25 years … people love him and he is one of the best sales people I have ever met in my life because he is a MASTER with handling people.
I believe the future is in on line education – and remember what some people did 3 years ago to make money in real estate will NOT work in todays market.
Philip Sigglekow author
Dear Michael,
Wow what a journey you have I am so jealous and would love to join you but family and stuff will not allow.
I have a friend who has a massive business in L.A and I will be spending 8 weeks there this year looking around.
Please keep me posted and the very best of luck to you.
Philip Sigglekow author
LREA Qld, NSW Vic and WADear Blissy,
I’m with you on this and believe that Penrith and the St Marys area has lots of bargains. These suburbs are old like West Pymble, turramurra, warrawee etc older suburbs also have larger lots that can accommodate duplexes … Look for walk to rail, shops and bus … good luck your thinking is on line …
Philip Sigglekow
Hi Morty,
Yes many people can get there hands on the material and then work out what to do with it … I must admit that Henry Kaye nearly got there if he had more time … Henry designed in his last days a dvd education system and the content is very good.
As I said in another post I believe that there should be a fair and reasonable price … how much should be charged for a week-end course ?? 4k 5k 6k 10k 25k 35k ??? I have heard some pay up to 75K
Your investment of 850 bucks has paid off … whether the presenter is a 26 year old female or Henry Kaye or me makes no difference because the tall poppy is alive and well, however if the content is up to date and viable in todays market then it is up to the individuals choice.
Philip Sigglekow
Great saying rocky,
The answer to your question is that it is an individual thing and depends on your financial position.
Are you going to keep both and rent, develop and build and then sell ???
If you do a nice job on the front house the value should hold … the secret here is to know what the area is wanting … I was involved with several sub-divisions in and around Ipswich … good growth area and good luck.
Philip Sigglekow
Hi Peter,
In short the value of your property after it is fully approved is higher than when you first started, banks today are not speculating like a few years ago.
Philip Sigglekow
Hi Eddie …
How long is a piece of string …
I have developed over 300 lots in QLD … basically without writing a book on it I rely on my civil works team regarding the cost then allow 10% extra.
The greatest factor today is council charges, this is killing QLD projects and can blow your profits.
28 is a nice size … try and keep as many as you can … do a deal with a builder like Masterton, Devine etc and construct your own H&L for maxium profits … use corner lots for duplexes … if the sub-division is well located you won't need a lot of marketing because the locals will be knocking the doors down.
I also suggest multilisting with all agents … good luck Ed.
Philip Sigglekow
If 2 people read the same book they will not get the same message from it …
Some seminars seem expensive and I for one believe there should be a cutoff point to the cost like say $4,000.00
The truth is that putting on these shows are very expensive, from telemarketing, sales material, hiring the venue and so much more. Generally the costs is 1/3 1/3 1/3 … 1/3 to get people there … 1/3 for commissions and overheads and 1/3 for profit.
At the end of the day if a participant focuses exactly on what they want to get out of it and they do then the money is nothing in the scheme of things. Real estate is not a cheap sport to play and it is very diversified.
I think the main thing is that the presenters are both qualified and are walkers … that is they can prove that what they teach they are doing themselves.
Philip Sigglekow … some free stuff here … http://www.realestateedu.com.au
Who runs it Grant and how much,
We have a free on line real estate riches course that includes this stuff … as I said it is free and no catches … I don’t want to advertise here due to professional conduct but you can check it out at http://www.realestateedu.com.au valued at $4k 24 modules with back up and support including one of my solicitors who is the best options contract solicitor in Australia …
Philip Sigglekow author
The secret is to figure out then if there is a crash in one sector there are booms in other sectors …
If you are not in the finance and property sectors there are companies making billions of dollars … I have a friend staying from Japan and he designs programs for “apple” one he is working on is called http://www.meebee.com a new on line appointment schedule …
Coal, natural gas, gold, silver, lithium, copper, and lots of others … start thinking out side property …
I love property but you need to make cash so you can invest in property … this year we are starting up business courses for this reason
Good Luck stay positive and look for ways to generate income and make more money so you can buy more property.
Phil Sigglekow author
Yes opportunities come along at funny times,
A friend of mine had some bad luck through a divorce and he closed his massage business … he is an aromatherapy chemist and manufactures organic skin care.
Several of his products were getting into China and South Korea however he is not business minded so I started a new brand and he is making the products under my new brand
http://www.purityorganics.com.au 100% pure natural Australian made skin care products of exceptional quality.
The first 4 items are going out this week, over xmas I had friends in the states and China test some of the products and we now have orders waiting … all going well I will go into car care organics, air conditioning, home, office, hotel and motel pure organic cleaning products.
Think outside the square … fingers crossed but very exciting and very different from what I have done in the past.
Understood Nigel loud and clear however ring TDFT and ACCC
If you are running a business giving financial advise on investments whether that be advocacy, guidence, holding hands etc you must have a license … that is the law because you are receiving a FEE or COMMISSION for advising people how to invest their money … ask a solicitor or phone the ACCC and TDFT … please don’t take my word I have no interest in what you do, I did the hard yards like many others.
Or do nothing and wait …
Ouch !!
I think this is a good time for people in the real estate business to reread their web sites and what they offer to the public … We are currently going over every word as instructed by the department of fair trading in our web sites because of this …
Nigel I mean this in the nicest way … what you have said here and what is on your web site, you are saying you are giving financial advise, what ever way you look at it … if you say you ran a real estate business you could be asked for proof and the name of that business and a license number.
Any representative including employees of 21stCentury giving advise making projections (including the finance team) etc make the directors of that company liable … ask a financial advisor or solicitor or TDFT in Victoria to read your web sites very carefully … I am saying this in the nicest way to everybody… going are the days of saying I am only a guide in the process, or I’m only helping on the education side, whether you like it or not you (and others including me) are giving advise “at law” because of some past shady people losing investors money this year TDFT is on the war path and look out.
This year the ASIC are enforcing new laws on finance brokers – that is why so many are leaving the industry … because it is getting too hard for them and a new smart bread will emerge to work directly with the banks under the banks dealers license.
This year TDFT is looking for any person selling or advising on property investing, including any person standing on stage giving financial advise, regarding stratages they have done or their company, will be required to hold a dealers or suitable license – because whether we like it or not it is deemed as being seen as giving advise to profit in real estate ie: giving advise on how to make a financial gain (if that is what you are projecting to be as an expert or professional in the eyes of the public) then that requires a person to be licensed.
PS 146 and RS 146 require a person to work under a dealers license then that dealer is liable … any person saying they have those qualifications will be required “at law” to show the dealers name license they work under … yes it is going to get hard and financial planners, accountants, solicitors are laughing all the way to the bank.
Real estate agents will also be required to take further studies to sell any property that is not a PPOR … yes the old agents are sweeting as well … or an agent will need to get a dealer or fin. advisor to sign off on the sale.
As a buyers agent (not advocacy, I believe that is the incorrect term) you are under another persons license and must provide the details of that entity “at law” (misleading) so when a person says I am a buyers agent they will be required to include the name and number of who they work under because that person will be liable “at law”
The people who cannot do that will have to find a new profession.
I am not saying this to scare anybody it is the new laws that are coming in now, and will increase in intensity as time goes on … oh it will become retrospective … in short the people who have worked and studied their butts off will prosper with their qualifications … the others will become a target.
Imagine this – you are running a seminar presenting to the public and sitting in the front row in disguise are 2 people recording you with hidden mikes one from TDFT and the other ACCC, I have been told that this is planned for 2010… oh they used wrong names when they signed the entrance form, all real estate agents, home loan experts, seminar presenters are all under the spot light … over the past 3 years I have attained several courses through the securities institute and REI for this reason, I knew the days we coming.
Good luck to you all and I hope this has been good information to all concerned … Philip Sigglekow
