Nigel,

Thank you for your reply … I think this year will be an interesting year for education companies in Australia as we have been put through the ringer for compliance and qualifications including yesterday a 4 hour meeting with TDFT in Sydney.

I am fully licensed in all states of Aus plus cert iv and last year finished a IPA investment property accreditation … the reason for this  and getting extra qualifications is because giving the wrong advise to an unsophisticated investor that does not go as predicted will soon (this year) be financially retrospective … that means the person or persons including staff, will be liable to payback any losses incurred from that advise … ouch !!! sort of down the lines of misleading and deceptive DFT section 52 & 54 we need lots of legal advise this year.

Seminar numbers are down drastically across the board and a quote by Robert Kiyosaki that 98% of people who attend seminars don't do anything is a reason why more people are going on line for free stuff etc.

We are offering lots of FREE programs this year including property options and JV Partnership courses on-line, the only extra fees will be the legal agreement templates that are created by my legal partners and alliances.

The USA is interesting but for me not having an intermit knowledge of the best areas in a populated area 14 larger than Australia is risky unless you have the time and money to go over and walk the streets so to say but saying that some of the stories look great … we see motel conversions and plus 55 as new opportunities here in Australia  that have popped up from the aging population and credit crisis.

Baby Boomers started from 1946 + 65 = 2010/2011 = 130,000 people per year now begin to retire – selling their homes and redeveloping these well located properties could take care of the so called housing crisis plus relocating those people into affordable accommodation with good positive cash flow returns for the investor.

Very interesting and exciting year ahead for all.

Philip Sigglekow author

Hi Nath,

Your question is based on a legal nature …

Firstly you can do anything you want as long as it is in agreement … IE u can get 20 -50% deposit from an outside source in a separate agreement but this agreement should be in a legal format … like an option agreement an agreement is a contract between two parties … it should be a win/win otherwise why would you do it …

I borrowed money from a friend once on a land deal and gave them a share in proportion to my profit at the end which returned them 38% within 14 months …

Philip Sigglekow author … no I will not give u the details on the exact deal it would take toooooooo long.

Hi bjohn,

The higher the return the greater the risk …

If the numbers don't work don't rework the numbers …

It is an individual thing … lots of opinions but be specific …. opinions are like belly buttons every body has one …

FOCUS on your dream and make it happen that is how Steve and Dave got 130 properties in 3.5 years or 22 properties each for 3 years each … do the numbers you can do it just have faith and believe in yourself …

Philip Sigglekow author

Hi Sonya,

Areas are Brisbane, Gold Coast, Sydney and Melbourne … sorry can’t tell u what suburbs yet but I am writing a new book on it.

50% funding is by investors …

I have set up a new partnership structure arrangement but more on that later.

I’ve bought my solicitor in as a silent partner as well.

If you keep an eye on my web site above I will keep you posted as a member.

Thanks for the questions have a wonderful and prosperous 2010 it is going to be a great year if you know where to invest.

Phil Sigglekow

I think you hit the nail on the head … Kiyosaki works on content and context in his learning systems which I believe is a good thing.

Costs are always changing but there are some standards out there … I suggest you start your own xl spread sheet as you learn.

I have a free 24 module course this year in 2010 check out the site above.

I still love monolopy

Yes once again the money that the government is giving this scheme is coming out of tax revenue and that tells me there is a bigger problem coming in the future.

What I really can’t figure out is that Australian tax payers are happy for the government to be doing this … it is like allowing people to dip into yours savings account and you think that is OK ??

Financial intelligence must be taught in schools from age 7 for these problems not to occur in the future.

Philip Sigglekow

Hello Garry once again, This will be my last comment on this thread. I do not doubt your comment in telling us "phil" is a really nice guy. If you want to deal with these people then please proceed that is your choice. One question I have is how certain are you that the properties he is presenting "stack" up and what process does this company do to match the property investment cash flows with the individual client. Please call TDFT and they will tell you that if he does not have a license he is acting as a buyers agent selling cheap? properties which requires a license to act in this capacity (you can call it any name you like but if it looks like a dog smells like a dog and barks like a dog there is a good chance it is a dog) … I stated before that you are a sophisticated investor due to your qualifications (ex-vet 55 on a disability pension) however TDFT and ACCC are more interested with "unsophisticated investors" being advised by unlicensed sales people in areas they are not qualifed Example: Yesterday I was invited to inspect a managed resort development in Nelsons Bay that was taken over by the liquidator and was advertised as 40% discount … sounds great ????? There are 120 units in the complex and 25 were in the rental pool the rest are for sale and the development is 4 years old. The occupancy rate last year was 73% over 25 units and the units averaged 30,000 net income at about $300,000.00 each some much cheaper. There was a mortgage broker there with 10 clients trying to convince them to buy and he was adding $20,000.00 on the discounted price as a fee for finding this great investment … the liquidator told me he will not get paid unless he can show a RE license … no more on that. We are in a recession right that will get worse b4 it will get better, IMHO. Nelson Bay is loaded with managed apartments therefore lots of competition. If they sell another 50 and they get put into the rental pool what pressure will this apply to the 73%/25 last years occupancy rate? After the inspection the 2 people I had with me and myself walked into 7 real estate offices and spoke with sales staff and owners – about one in three apartments in the area are up for sale by executives and investors under pressure because of the tough times, plus the occupancy rate in the area has dropped by 50% as stated by the agents. The mortgage broker did not disclose to his buyers that the current occupancy rate has dropped by 50% (section 54 trade practices act) the broker did not visit one single agent in the local area (why is that I wonder) If you are buying from an unlicensed person get them to sign a person financial guarantee that if the properties don't rent and you need to sell it then they will buy them back from you. You also need a detailed letter of understanding from the sales person about the figures they present to you and get these guaranteed as well – if they are that confident that the property is a ripper deal then they won't have a problem guaranteeing them – or Garry is this being negative, that's an old sprooker spiel anyway. The question here is would you buy one of the apartments I described? … I wouldn't. The mortgage brokers clients were thinking that they were getting a bargain (fools gold) and were all young unsophisticated investors dripping from the mouth. Garry the broker was a really nice guy just like "phil" but IMHO was driven by the fee and not statistics about the true state of the region and the possible mess he could be getting his clients and friends into. With "proper" education and qualifications a licensed person is trained and is also responsible to evaluate an investment for his/her client or investor. The broker was beautifully dressed and well spoken and had good knowledge of finance but in my opinion he knew nothing about due diligence. Good luck Garry with your decisions and investment choice and others as well … I have a saying well one of many but this one is appropriate here I believe. The money you have today comes from what you did in the past – the money you have tomorrow comes from the decisions you make today. Einstein said: you cannot expect to get a different result in life if you apply the same thinking that got you into the problem in the first place … change your thinking change your outcome. Philip Sigglekow