I used they service.

charge too much and i am not happy about their service !!

they are spuikers

Hi all,

I have to say Property Secret Paul Giezekamp charges a lot of money, and a lot of time they are not resposive.
I called and emailed them many times and left the message, however, i hardly get any response from them.
Often i get the response many weeks later…….  not very happy.
They are advertising, they can complete the granny flat within 12 weeks, but they didn't tell you the loan application and process with take half year ! 
 
often you will find yourself overcapitalised ( because of the fee charge and all the little unknown/unforseen items such as water tank block the entrance)

i am one of their client and I strongly not recommending anyone to use property secret,  simply too much headache to deal with them.

Unhappy client of property secret

it's that run by Sam Sagger  and James Whilton ?

they are very good. just keep educating yourself don't commit anything till you really comfortable with it.

Taylor Chang

Hi Nathalie,

welcome to the forum  : )

after many years of property investing I realised that sometimes people over complicated property investment.

in fact, it's simple !  just like buying anything !  you have to take you time to shop around compare the price, compare the qaulity, crunching the number on your afforablity, asking people about the area, talking to people about their experience…….
by chating with real estate agents, investor, tradies, local residents, knowing where the schools, shops and transpots are you can increase your knowledge

at end of the day, it's actaully the more you do the better you become. there is no right or wrong way. just enjoy the journey. everyone can be your mentor in some area : )  you can be our mentor in your area as well : )

Enjoy your journey
happy investing

Taylor Chang

1 )go and talk to the lender see how much you can borrow first.  if you can't borrow or financing the property then you don't have to worry what to buy or where to buy just focus on the deposit

2) if you can get the finance, then see what sort of area, suburb closer to you can you afford to buy. because for the first property you really want to be as close to you as possible, if there is anything goes wrong you can quickly fix it. ( for example you don't want to have a property interstate or oversea and vacant for long periond of time and later on find out managing agent just too lazy or busy to put the ad on the paper or internet)

3)once you decide the area/suburb then do the detail research about which streets of the suburb are good and the price on the each street. one side of the street can be very difference in price than the other side of street.

4) once you understand the street and property price then you can start thinking put in the offer on the property you wish to purchase

don't worry too much about renovation first. it's a good strategy.
but understand the area and suburb become an area expert is far more important than other thing.  

do your basic right from the beginning of you investing life, you will be far ahead from others.

learn to claw before walk, learn to walk before run, then you can start thinking about jump and fly …

Take you time, you are still young enjoy the journey

happy investing

Taylor Chang

Hi QM,

I think you should start from where you want to go first.

if you want to be a property investor. i strongely recommond you to get into the market, at least, start to research.
because what really happen is the whole property market is up for sale if you have cash around 100K, you can really pick up a good property or two.  by the time the public realise the housing market is undervalue, that is too late to get in to pick up some good bargain !!

ATM can be a very attractive cashflow, however, there is no capital growth.

If I was you, i would get some good properties while the property market is up for sale.

I guess there is no right or wrong, it's depend on what do you need/want to most ?  cashflow? or potential capital gain ?

Hope this will help

happy investing : )
Taylor

Hi New2invest and all,

be honest with you guys, I was client of both of the companies !
I think the charge is too expansive, I was too stupid and lazy……

when I pay them to do the work for me, it seems to be a quick fix solution to get into the propety market.
However, after a while I realised what i really lost is the chance for me to develop my own set of researching, due diligent, negotion skil, etc….

hence now. I do my own research, due diligent, negotiation, organise tradie, contact coucil ….all the hard work myself…..

I guess in the end……. the experience, swears and tears are irreplacable,let along the fee you have to pay to them…

good luck for your investing

Hi Hirav,

google "Mark Rolton"

he will give you full picture of what property option is

Taylor Chang

I personally think sell all the IP to cash in is a wise idea.

1) cash is the king at this market condition
2) if you use equity, then you have to pay for the interest which you withdraw from IP, ( so do you have any plan where is income is coming from to cover the interest ?)

3) as you can see Steve's Mcknight's book and any of the senimars, he is always encourage to use realised profit then the unreliseaed profit.

4) yes if you sell it will hit your CGT, but it can also flow to your tax return which means when you apply the loan the lender see you have more income and willing to lend you more money. ( please check with the lender, as some of the lenders don't like to take CGT as normal income, some do )

5)if you sell and buy back to the market, you are still in the market so you don't actually lose anything, except you may have more confortable position by using cash to negotiable property price .

as Steve Mcknight's concept you make money you pay tax, that's it don't make it too complicated.
I would rather to pay 10 million tax, which mean I earn 100's miliions of dollar than earning a little and paying no tax.

it's just the way i will do it, if i am in your situation.
hope this will help
Taylor

Marty Ayles is the best !!