Forum Replies Created
Hi Guys,
i totally agree with Terry, ive been using this strategy, for a while, living and drawing down on equity to fund my life style, but to help me further purchase more properties..
this strategy, that Terry is explaining, is very straight forward, but also, your able to easily purchase more properties,
Peter Spann, doesnt say he uses this strategy, but how he explains, in similar terms about compound interest and property growth, you will understand, how people then go abouts using property draw down credit line facilities to fund there lifestyles.
– for example, i will use a very bland, but similar approach in the credit drawn down, in how i purchase so many properties, but how it also funds my lifestyle…
– lets say someone owns 10 properties all at $250k each, and has $2 mill in loans and $500k in equity (80% LVR)
they can either do a top up loan and increase there LVR to 90-95% and free themselves another $250k-$375k, with that money that can put some aside to pay back the interest owing..
or, let the properties go up in value, and have a LOC of 80% of the asset portfolio, depends what you want to do.
but if you have a portfolio of 2.5 million and its returning 10% growth yearly..
$250k a year.. and using a little of that equity.. to pay back interest.. you can easily still propel your property portfolio forward…
Cheers,
sisHi Tribe of Dan,
i started out my property investing career in April 2002, at the time i think i was 20 years of age, anyways.. i started out with completly nothing.. today im age 22 (turning 23 this year) i have close to or around 20 investment properties under my name, ive only ever sold 2, but my goal is to attain 100 properties by the age of about 30 and before i go beyond the grave, i want to see that, when i have children, that my own family have a portfolio of over a 1000 properties in total. (that is my ultimate goal)
today i no longer work, im not retired or anything, but i treat property investing as a business, it does take alot of determination, but also its not luck, but in the words of Peter Spann’s book.
Strategy
Momentum
Diversification/Knowledgeif you have that in place, and you understand that money is just an idea.. you will quickly understand and think of a strategy, that will help you produce a plan, that can lead you to great fortunes or on the path to wealth..
Cheers,
sisHi Guys,
Robert Kiyosaki is definetly the Million Dollar Teacher, it wasnt just his books that motivated me, but gave me better ideas and strategies to really push my self forward and give me, the head start that many people dont get or understand..
Where he talks about the velocity of money, i treat that as the momentum, to the ability of my property portfolio, to continue to buy and further grow, with each added investment, not only that..
he talks about “Money is just an ideal” i guess its really hard for people to understand that, i only got it a few months ago and understood what he means by it..
Money is just an idea if you really think hard and work it out, you will understand what he means by money just being an idea, and you can see then how it leads you to an unlimited wealth creation vehicle.. its only now that i understand it, and now em’ able to work it out and understand that money is just an idea, and how easy, it can be to quickly create and produce wealth.. by understanding again that money is just an idea..
Cheers,
sisHi Guys,
Peter Spann, told us about how he thinks interest rates, could be heading up north, to quite some height, and how it might be an idea in locking them in, he then went on about, talking about the US defecit and how Asia was begining to become a very strong national, and how there defecit was simply being lowered very quickly,
anyway with the short story short, i took my mother along with me last night, she was so motivated by the talk of Peter Spann, we ended up going out today, buying a property immediately together in partnership, but not only that, my sister came along too, and from all our talking between both my mother and me, my sister, also ended up buying a property too for her self..
but Peter Spann is very motivated, but also, made mother more motivated and quick to react…
but yes he was great…
Cheers,
sisHi Leighk,
honestly i wouldnt do anything with it, but instead i would just land bank on it, and sit on it for those 5-15 years..
Cheers,
sisOriginally posted by Marvin:Anyone care to share some juicy tidbits for your fellow forum goers when you return tonight?
Hi Marvin,
you be a little disappointed (and maybe mad at yourself), because Peter told us his secret to becoming a multi-millionaire..
Cheers,
sisps..
honestly he was a great speaker, and land banking which he talks about is great, but also where he thinks interest rates could be heading..(is very interesting)Thanks Guys,
i no longer have a contract for any property in Whyalla, though ive decided to go back to looking for growth properties, though im still a little skeptical on the many investors who bought cashflow properties in this area, some maybe successful, but others, i really do hope they did there due dilligence..
Cheers,
sisThanks Surreyhughes19905,
have been reading as much information as possible, still my conclusions are getting stronger.. ive just found this article.. and the information isnt too promising..
http://www.whyallavet.com.au/whyallacity1.html
Cheers,
sisback again guys…
ive decided that after some ABS (australian bureau of statistics) and further calling a few other real estate agents and people who know the area)
Whyalla prices are on the rise, but the prices are heavily being pushed up by investors, but also a few real estate agents, are suggesting to me.. it might not be a good idea to buy for long term growth and keeping..
Cheers,
sisHi Guys,
thanks for your comments, my concerns are still seroius about this town, i have an exit clause to fortiet the contract.. but, if people are making websites such as this.. there must be something either wrong with them, or it could be a serious future issue with the town.. and someone being out spoken and opionated..
i did note the date of the article, but property being a long term veiw.. and declining population..
is this town heavily at risk… ?
Cheers,
sisits too late with Cairns, i was up there last week for a weekender, did look at some property, but your paying premium prices now.. and to be honest.. i didnt see any positive cashflow property there..
though.. still i will say Cairns is a nice place.. but the property market has already really taken a move..
Cheers,
sisOriginally posted by Richmastery:but few of them have the negotiation power we do (currently we act for 46,000 active NZ property investors).
RE: Richmastert,
thats a load of baloony, your saying that you have the negotiation power, more than others.
but you guys in saying that “you have the negotation power, that many dont have”, negotation is an easy task, anyone can negotiate, its as simple as putting an offer forward..
Cheers,
sisHi Mant,
the bid is still on for WMR, though i dont think there will be any difference in employment its just market capitalisation and domination.
Cheers,
sisHi Guru,
yes.. but too much hard work.. with trading shares and options.. lol
though i hear your doing very good in your property investing.. 100% + gains in a year..
Well Done! and keep up the good work!
i have booked tickets to fly down to sydney + ive booked a ticket already for the Louise Bedford Seminar, down there.. here is the link for who is interested, but i think this seminar, might be well worth it, as it has value for money, and many of Louise’s books, ive used in helping me become a better trader, but also, i love the use of candlestick trading… but it includes the 3 day free entry into the expo..
Cheers,
sisha…
Wealthwithin, take all the free tickets you can…!!!
these guys, cost me $1000’s and ripped me off, and still i never made any money with them… biggest so called, rip off Guru!
– Short story short, there suppose to provide you with stocks that will make you money, 20% plus returns, unfortunatly, i lost $1000’s with them in such a big bull market we had…
waste of money and heart ache for many others, who also lost $1000’s
Cheers,
sisHi Phil,
have been loving this stock market, i did the wise thing, i took most of my money out of the stock market, and been buying puts.. have been shortening the market, but apart from that, i was very certain the market was gonna drop heavily last week, only due to one simple factor, 34 companies, (mainly blue chips) were all going ex-dividend the same day, and that the previous night before hand, the dow, dropped over 100 points.
though overall, im still in, not too worried in which direction the market goes, though ive improved my trading strategies as of late, by using a lot of sms alert services + pocket watch services.
though im back into property again, concentrating on it, but also attending alot of seminars, of lately and hopefully heading down to sydney for the property expo…
other than that.. i sit very patiently and quitely and slowly make moves.. and wait for the market noise too quiten and cool off.. then make moves back in again…
Cheers,
sisHi Foundation,
its truly, being driven up by demand, they are opening up a new plant up there, and have hired a somewhat figure of 3000 employees, they dont have the residential property to cope with the demand of people, moving into the area, not enough rentals, people holding on, to take the bigger profits that are coming in.
other industries that have open up and employing more people.
* this is how big the demand is, i bought a property back last year, that settled in January, 2 storey brick home, purchase price of $120,000.00 ( rental-$110 pw)
* today – 3 months later market pice $160k – $170k (rental – $190 per week)
thats just a simple example, but you can see the powerful growth and demand there is, there is just not enough supply at all.
though i had been studying this area and have been there on numerous trips and all, if you can still buy cheap, definetly accumulate, personally for me, i dont sell my properties at all, but i may in Rockhampton, if someone wants to offer me a riduclous crazy over the top price, but also as a suggestion, if your buying up in Rockhampton, your best to stick to the northside, in your property purchases.
Cheers,
sisHi Guys,
Will be coming down to Sydney for the property and investment expo…
See you guys there…
Cheers,
sisHi Richmond,
just come back from a weekend of renovations in Rockhampton, do have quite a number of properties up there, but in all honestly i can’ find anything that is cheap.. there is so much demand.
though i hold quality homes, with excellent returns, i spent the 4 days looking at property, though only northside rockhampton, there is alot of growth left.. though.. being a large regional area..
you really do have to look hard and know the area quite well…
Cheers,
sis
