Forum Replies Created
Sometimes simple is best, IGNORE IT! Remind yourself what your trying to achieve for yourself, family and clients, I also think about what things i dont want to regret not having tried and succeeded at when I'm 80 and do those things, not all money/property related of course. But i dont want to get to 80 and WISH i'd done this, or taken more risk on that like so many others do as they near retirement. You only get one go at life.
Other thing, I only listen or take advice to people who are doing what I want to do or make more than me… because they have been there done that, nothing wrong with taking in information or criticism sometimes if its coming from a credible source. Otherwise apply your selective hearing. You can imagine how much negativity there is out there about my industry and what i do, you grow thick skin fast and just have to remind yourself of all the testimonials from people you've helped and remember all the good stuff. I print out the thankyous and stick them on the wall of my office.
Cheers
Sheree
I like EBM and YOUI, had claims with EBM go through a breeze so keep my rentals with them. All insurance companies are great until you have to do a claim, then you sort out which are good and which aren't pretty quick. If your not happy with how your claim was handled change.
Cheers
Sheree
Yes as above , always insure it yourself and pay the premium yourself. You can always have it as part of your contract to them that they pay for this property outgoing by reimbursing you if you wish but at least you know it's always covered.
cheers Sheree
For creative property investing like lease options and terms sales theres Rick Ottons book How To Buy a House for $1 <moderator: deleted advertising link>
cheers Sheree
Yes with studios you need to know the floor Square metre size is as some banks have strict lending criteria on this , ie they might lend only 70% or less which means a big capital injection from you…
Wow interesting to see such an article on it in the big papers Paul..
Rick Otton has his new book out How to buy a house for $1
I heard a saying once 'information costs but it pays for itself'. It might be a lot of money to spend on a course but it can make you more invested in the learning and make you more keen to implement what the course taught you, plus you skip a lot of the learning curves you'd otherwise find out the hard way trying to get around it.
Cheers
Sheree
There are real estate agents that will sell your lease options or instalment sales for you… in fact any agent will sell anything as long as they get a commission if you explain it to them simply what they need to sell for you.
Cheers
Sheree
Hi Jason,
If its just for a few weeks/months, wouldn't a delayed settlement do the trick but have a clause you could release some of the deposit to the bank to stop the bank foreclosing whilst you renovate and sell? But still do it with a contract of sale.
There is sandwhich lease options and theres plenty of solicitors out there specialised in this that aren't as expensive as you'd think.. a quick google would find them or you can provide your state and we could list a few.
Cheers
Sheree
Its great to see there are almost as many women trying to convince there boyfriends/husbands about property investing but end up doing it alone as there are men. My boyfriend got me my first Robert Kiyosaki book, which completely changed my mindset from climbing the corporate ladder to investing for the future. Now I easily walk past the shoes in the shop windows, but have a tough time dealing with his need to upsize his dingy fishing boat to a full blown boat and adding a rally car to his dirt bike and road bike, when we still only have one IP that I’ve done the leg work for. (admittedly he was great in helping me renovate it )
Sometimes its all about comfort zones, my boyfriend understands the theory and reasons, but just cant bite the bullet and do it. As much as I try to explain to him that he could buy any boat he wanted in the near future, he will probably always have this “fear” factor in him. I think somehow this may never change, but I’ll forgo the shoes and dresses for now and be thankful he’s as supportive as possible without sticking his neck out. Also being the more conservative of us two has prevented me from going down the wrong track early with the whole Henry Kaye biz. So sometimes a partner like this might be a blessing in disguise