Forum Replies Created
Hi Bellasmum
I would suggest if you have friends that are investing, ask them who they use.
Also if you tell everyone here what state you are in I am sure everyone would be more than happy to share the experts that they use.
Bye!
[
]Hi Everyone
I would love to come but will be away this wednesday. Can you keep me informed of when the next one will be.
Also I started the cashflow game in Maitland, there are like minded people there too.
My email address is [email protected]
RSTARR
[]Hi Leroy1
The next game will be at the same venue (Maitland District Leagues Club, upstairs in the auditorium room) on Thursday 18th Septmeber. It will be held every THIRD Thursday of every month. (It used to be every 2nd Thursday) You can contact me at [email protected] and I can add you to my reminder email list.
Hope to see you there!
[]Hi
I would definately recommend investing the money into buying the wealth guardian, not only will you learn what structure is the best, but a whole lot more! It is well worth the investment.
[]Hi Deauzie
I read in a book once that friends and family may not approve of what you are doing, the way around this is to not call or visit as much![]
Keep positive, find friends that encourage and empower you! And what ever you do, don’t take on board other peoples limitations and fears!
As for learning materials, try the library, they have so many wonderful books to offer for free, and if they don’t have the one you were after, for a small fee they will more than likely order it in for you.
Goodluck!
What is the cashflow game?
Hi Brizza & Bluegirl
The cashflow game is Robert Kiyosaki’s creation and it teaches you the fundamentals of investing.
It is a great game to play and to meet like minded people.
You will just have to come along and see for yourselves!
If you have any more questions you can contact me at [email protected]
Hope to see you there!
[]Hi
The Mint Group in Sydney & MGI wamstekers are who I use. 02 92487000.
Goodluck!
[]Hi Judith
I have attended his 2 day seminar in July last year and I found the seminar to be really good to get a handle on your personal finances, it also gives you an overall view on different investment strategies, but if you are wanting to know more about wraps and lease options, I don’t believe that this seminar will give you everything you need to know. There are other investing seminars (like Steve’s) that are well priced and very imformative.
John Burley will promote the boot camp in Arizona for the wraps etc.
If you are wanting to know the contacts in your state let me know which state you are in and I may be able to give you the details.I am in NSW.
( [email protected] )
I am more than happy that I attended the semianr becuase it has help me get my personal finances under control, his book is great too!
Email me.
Bye!
[]Hi Steve
I am up to chapter 11, and so far it’s great! []
It caters for the newbie investor aswell as the advanced investor, the explanation of the positive vs negative is clear and well written. The diagrams are great too, especially when you have to explain the difference between positive & negative gearing to someone that has already taken the negative gearing path, these make it much easier.
Also it is nice to know where you have come from. It gives readers a nice feeling to know that we all have to start somewhere and the sky is the limit!
I cannot wait to read the rest of the book and put the information into use!
Congratulations and I am sure it will be a best seller.
[]Hi Lucky Phil
I would just make an appointment with a great accountant, explain to him what you have here in your post and see what he suggests. I think the questions will just happen when you are talking it over with him (or her for that matter!)
Hope this made sense!
[]Hi Hwd007
What LVR are you looking at?
If you were to go to 80% that would mean only $10k more but if you wanted to go to 90%LVR that would give you an extra $80k, but then you have added costs including mortgage insurance.
Hope this helps!
[]Hi Chris A
I haven’t heard of the company that you mentioned, but that may be because I live in NSW?
If you are wanting to learn about wraps I would definately recommend the wrap pack from Steve McKnight, I have just returned home from his seminar in Melbourne and heard about the pack while I was there, I am more than confident it will give you all the systems and tools that you need to know about wrapping.(Check out the wraps forum too)
Goodluck!!!
[]Hi
I have heard that David Schwirmers is pretty good. His web page is http://www.tradingedge.com.au
Goodluck!
[]Hi Hwd007
I would call into your local council and pick up their info on the legal requirements.
[]Hi Everyone!
Thanks very much for all of your opinions, I guess what it comes down to is what is comfortable for you and where you are headed!
Thanks again!
[]Hi Whindes
Usually when you purchase a property the value will always come in at the asking price (unless it is over valued) I think you will need to proceed with the purchase then do a variation or line increase in a month or so? Maybe you can do some extra renos to the shops to increase the value even more.
I also think that valuation fee is overpriced!
Hope this helps!
[]
One advantage of selling and renting is that you will have access to 100% of equity. Whereas, if you purchased again you would have to leave 5% to 20% of equity in the property. Notwithstanding that fact that you would have to pay stamp duty on the new purchase.From an investing perspective I would sell and rent.
However, if you are weak on the income side of things then renting may not be the way to go because the lender will take account of your rental expense. This may reduce your serviceability. If you are self employed then you could use a low doc loan.
Some info on the value of your equity and your income and employment position would help with this analysis.
Cheers
Stu
Property & Finance News
at http://www.prosolution.com.au
Hi Stuart
I am self employed under 2 years, my partner is on $100k PAYG. 1 credit card which is swept every month and our home loan the only current debt (155k) val 260k. That’s it!
Thankyou!! []
Hi Brendon
The cashflow game is Robert Kiyosakis creation.
It is a great game that teaches you the fundamentals of investing.
Come along and find out for yourself! []
Bye!
[]
Hi there.I’m new around these forums, and have been browsong around here for about an hour now. What a great bunch of like minded people, and what a great place for good information.
Because I live near Maitland, this thread got my attention. Just wondering, what a “Cashflow Game” is ? Other than having a good time, I gather it’s about doing some mock investments on paper and of course learning as you go ?!
Quote:How did your game go… what were your observations?Hi Steve!
Well to begin with we were of to a racing start! Then as we started to land on the opportunity cards, things started to slow down!!!! I did learn a couple of different ways of playing though, and I know that we will be definately trying the speed cashflow next time![]
Jason was the 1st to get onto the fast track in 1hr 30 mins, and I do believe he was picking the right cards at the right time!
Fun game and we had loads of laughs (and we spent the other 1hr 30 mins talking!!!) Definately was an excellent opportunity to observe peoples money and investing techniques!
Bye!!!
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