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  • Profile photo of Ron BurgundyRon Burgundy
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    @ron-burgundy
    Join Date: 2004
    Post Count: 22

    thanks redwing

    Ron

    Profile photo of Ron BurgundyRon Burgundy
    Member
    @ron-burgundy
    Join Date: 2004
    Post Count: 22

    thanks for help everyone.
    Im definitely not alone
    Somehow that makes it a little easier i quess.
    Ron

    Profile photo of Ron BurgundyRon Burgundy
    Member
    @ron-burgundy
    Join Date: 2004
    Post Count: 22

    thanks everyone for your help.
    its a bit daunting getting started but all your advise and direction is making it easier
    Ron

    Profile photo of Ron BurgundyRon Burgundy
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    @ron-burgundy
    Join Date: 2004
    Post Count: 22

    thank you for your help.
    Im not actually looking in Vic or Bris but the websites and advise still opened my eyes to some possibilities.
    Is anyone aware of a similar service available in the Newcastle or the lower Hunter (NSW)
    thanks again
    Ron

    Profile photo of Ron BurgundyRon Burgundy
    Member
    @ron-burgundy
    Join Date: 2004
    Post Count: 22

    thanks for your replies.
    What about if i wanted to move it to another block of land. Is it expensive to relocate? (with all the connection fees etc.)
    Do you know the name of any such companies where i could investigate more. I havent had any luck.

    Ron

    Profile photo of Ron BurgundyRon Burgundy
    Member
    @ron-burgundy
    Join Date: 2004
    Post Count: 22

    thanks guys. both suggestions help
    Ron

    Profile photo of Ron BurgundyRon Burgundy
    Member
    @ron-burgundy
    Join Date: 2004
    Post Count: 22

    thanks for your replies everyone.Is there anyone that has done a similar development that wouldnt mind me asking a few questions. Im expecting many hurdles and would like to avoid these through my due diligence if possible. i would love to talk to someone who has been there.
    Ron

    Profile photo of Ron BurgundyRon Burgundy
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    @ron-burgundy
    Join Date: 2004
    Post Count: 22

    Thanks Steve. I appreciate you taking the time to reply. I have decided to let that one go but am still real keen to get off the mark.
    After reading your books i have become inspired to try and set a Map type goal for me and my wife.
    It sounds like in your book that most MAP participants listed “needing constant encouragement from yourself’ as a vital ingredient to achieving a good result.
    Can you suggest another method without a mentor, we could use to maintain some accountability and persistance when the need arrives.

    Ron

    Profile photo of Ron BurgundyRon Burgundy
    Member
    @ron-burgundy
    Join Date: 2004
    Post Count: 22

    Hi Steve,
    the QLD deal i was looking at looked like this-
    studio hotel apartment
    reputable older inner city Hotel
    recently refurbished.
    restaurant top floor.
    sinking fund $109K
    NOT self contained,
    leased 5*5*5*5 years
    asking price $80k
    guaranteed return $6500 annually (CPI)
    All Rates total $1100 annually.

    Most feedback i received pointed out that Growth would be poor because of low demand and that I would face difficulties with finance.

    Im looking for my start.
    Ron

    PS> encouraging to see your involvment Steve

    Profile photo of Ron BurgundyRon Burgundy
    Member
    @ron-burgundy
    Join Date: 2004
    Post Count: 22

    thanks everyone who replied.It has given me another pespective.

    Im struggling to get off the mark and my enthusiasm to get started seems to be effecting from my good judgement.

    thanks again!
    Ron

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