The worst thing that I can think of is that I spend 28K, find that their sourcing agent’s deals are all unfit for my requirement and reject every offer they make.

Can’t think of anything worse than that.

Just before anybody else jumps in and say “the sourcing agents could be faking numbers when presenting you the deal”, well I am not worried…[Read more]

No, I randomly saw them on Facebook so I attended their workshop.

At least at this stage, I do agree with a lot of what they say.

I mean really, if I personally run into Robert Kyosaki tomorrow, and he would like to introduce his team to me to do Real Estate, then I’d sign up right away. I know that Robert doesn’t pay his team member in the form…[Read more]

Hi Benny

No, that was it. It was a 3 day workshop, cost $1200. No further mentoring program.

There are purchasable options, but they are very expensive. So most people opted out but there were still 30 or so people who signed up. I want to sign up but I am getting heavy resistance from my wife. (she was even against me attending that $1200…[Read more]

Hi Benny

No, that was it. It was a 3 day workshop, cost $1200. No further mentoring program.

There are purchasable options, but they are very expensive. So most people opted out but there were still 30 or so people who signed up. I want to sign up but I am getting heavy resistance from my wife. (she was even against me attending that $1200…[Read more]

Hi Benny

No, that was it. It was a 3 day workshop, cost $1200. No further mentoring program.

There are purchasable options, but they are very expensive. So most people opted out but there were still 30 or so people who signed up. I want to sign up but I am getting heavy resistance from my wife. (she was even against me attending that $1200…[Read more]

My father had a friend who had a tenant who lived in his property for free for over 3 months, and yet when going to legal battle, the court ruled that “because the tenant doesn’t have a job and is in no condition to make payment anywhere, therefore the landlord cannot evict the tenant until the tenant finds a job”, and guess what? The tenant…[Read more]

Kind of like how Robert Kyosaki writes in his Rich Dad and Poor Dad book, he doesn’t “hire” his lawyers, accountants, etc… but he “pays” them as they do business together. So essentially Robert’s accountants, lawyers, etc… are part of his team, but they are not his employees…

Hope this explains.

Yes and No to that.

They know some sourcing agents, but they are not in a “employer and employee relationship” with the sourcing agent.

Kind of like the real estate agent who sold my property, he knows some good conveyances, but he doesn’t pay the conveyance and neither does the conveyance pay him. They both charge me instead.

Hi Benny

Sorry, my mistake.

110K for deposit. So 1560 / 110000 = 1.4% per month, multiple that by 12, and that is 17% per year. However, what was not taken into consideration is this is 360 per week of rental income, but the property itself is not positive cash flow.

I am getting 1560 per month, but my repayment is over 1600, which makes this…[Read more]

Hi Nigel

Just visited your website and sent you a private email.

Cheers
Steven

I haven’t drilled too much into details and specifics.

The way how I was presented those information is like this. It may or may not add up, but at this stage, I am not making any decision nor am I committing myself to anything. I just thought I’d list down that and share those information, that’s all.

1. When those new apartments are being…[Read more]

Hi Nigel

This is not to say I will do it, but I am trying to put this picture as well as the numbers in my head at the moment.

The way how she describes how she does it, is due to her advantage of her position and relation with who she deals with. ie: she maintains good relations with developers and real estate agents.

So when a new project…[Read more]

Hi Nigel

The suggestion given today is that with Melbourne CBD never have a shortage of Overseas Uni Students, especially Chinese Overseas Students, rental increase has been solid for years and the demand for such “student accommodation” will not die down any time soon.

So the option of “buy a ‘student accomidation’ and then rent only to Chiense…[Read more]

Hi Tony

A few questions.

How high is vacancy rate would you consider to be “very high”?

While I understand what you say when you said “If you are looking to build a strong portfolio you need capital growth”, but how do I avoid the situation of “I buy the next property and then I run out of money” if the ROI is not satisfactory?

I mean capital…[Read more]

Basically…

Some of the opinions she offered, such as “buy apartments rather than House” and “people are starting to not prefer big land as generations go on”, are quite against many suggestions I learned from experienced property investors.

So I am interested in hearing from experienced property investors as what they think of opinions…[Read more]

Forgot to mention a few more things:

I had a look at the map, locationwise, it looks OK. 3 minute drive to regional city’s shopping centre. There is also a train station within 5 minutes drive away, which connects this city to capital city. Nearby schools are also within 5 minutes driving distance.

One thing that raises another question mark in…[Read more]