Hi Rugbyfan,

dont forget, he is selling the property at a markup price to the investor to begin with. A 50k mark up price.

Cheers,
sis

People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million

Hi Kay,

thats true, but you dont get that guaranteed rent for 5 years (and 25 years contracts he has available), as an investor, your really left with no choice.

Cheers,
sis

People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million

Hi Pices133,

Thats what the contract stipulate, some how he has been able to do it. The only way you can manage the property is to wait till your 5 year contract with him is up and then you are able to rent it out via PM.

But for many people, because he guarantees 24k each year, not many or naive people will aruge with this.

For V.O. to manage…[Read more]

Oh BTW, what about the arguements .. do tell.

Lots of arguement occured, when simple question, were put forward, as were do you find the tenant, but how is the property +ve cashflow when interest rates are 7%, when its not. Yet how do you work out these figures. That they couldnt explain, and the guy who was talking about the deals, didnt even…[Read more]

Hi Kay,

For a $240k property that has 4 units under one title.

There is a guaranteed $24k return each year.

$24k shared by 4 tentants renting it out is $115 pw, you will get from each tenant. V.O. has also added on top of that rent a $10 a week fee to each tenant on the lease.

So the actual rent the tenant/pensioner will pay is $125 per…[Read more]

Hey Chan$,

yeah i got a few hours sleep, watched some tv, just could not get enough sleep… lol to much sleeping on the bus, but still made it to work, im home now, but im taking the rest of the day easy.

Cheers,
sis

by the way, that has to be the longest bus trip ever…

People 4get that by saving just $3 a day & investing it sensibly
over a…[Read more]

Ok, V.O. is very upfront and tells people that he has put a huge markup, but guarantees the rent for the next 5 years.

Yes people are crazy, they are signing deals on the bus, with no solicitor and in the middle of nowhere, were your mobile fone has no reception or phone coverage.

People are just going into the deals with no legal or third party…[Read more]

Because he promise you a 10% GYR on the property, you dont get that 3% CPI inflation facted in. V.O. gets that, he takes the rent money from the pensioner plus there 3% CPI inflation for each year, as their pension increases.

Though after 2 years, you are still getting $24k on your $240k IP. Even in the 5th year of your locked contract with him…[Read more]

ok, guys

V.O. buys a property for say $200k or any property but puts a real hefty markup on the resale of it to you (you as the investor), not just one property, but he has managed to buy and control 1500 properties. At the expense of an investor, who is locked into 5 by 5 year leases, which gives him total control over your property.

Here is an…[Read more]

Hi Guys,

I will explain how the deals work, yes they look good to a novice or first time investor, but the deals are very shonky and are only good, if the IRR is accurately predicted right in 5 years time, if not, you will actually be in more debt than you started with.

Let me explain.

Cheers,
sis

People 4get that by saving just $3 a day &…[Read more]

Hi Pisces133 and Guys,

Oh dont worry i will tell tomorrow, first i gotta call some people about the trip… lol… yes we had an arguement with some of the host and people who were organising and reading out what deals they have, the deals are actually really good for first time investors, but to be honest i feel some deals were actually good on…[Read more]

Hey Guys,

Back from property weekend field trip…

lots to say and lots of arguements on the trip… oh i wont say who started them though..lol… [:p]

Overall, it was definietly worth it, i can tell you, in 2 days there was so much learnt and so much good food, anyway i will fill in more info tomorrow.

Cheers,
sis

People 4get that by saving…[Read more]

Hey PropertyGuru,

I have some really good news for you, but your not online… ok i will wait longer, if not ill call you…
So much about the field trip and arguements we have on there… lol…

Cheers,
sis

People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million

Woohoo! Another Gold Member…. [:o)]

Congratulations Kay….

dam! i missed out on Hellfire Club… [}]

oh dam… when is next tsk tsk… [:p]

Cheers,
sis

People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million

By the way, i dont know im gonna survive no property investing forum for 36 hours..

[8]… noooooo

Cheers,
sis

People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million

Hey Guys,

Im off for the weekender trip, so will post info, on the return of the trip.

Cheers Everyone,
sis

People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million

Hey Property Guru,

lol… you agreed 1 month ago that you will be free for this night…[]

Which is more important Cricket or Property? []…?

Cheers,
sis

People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million

Hi Burbonbill,

Yes it is legal, but while sell when you can use the collateral from that property to purchase more IP?

Just a thought though

Cheers,
sis

People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million

Hi Dragon,

Have you thought of setting up a MISA account,(Mortgage Offset Savings Account) this is another option available?

Cheers,
sis

People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million

Hi Kay,

When is your next whipping session, [:p]…
Properytguru and me want to be hurt [:p]…
And want to have tsk tsk from your whip… [:p][][}]

Cheers,
sis

People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million