Forum Replies Created
Hi Guys,
personally for me, when Steve, brought at his first book “130 Properties in 3.5 years” and being a book lover, and snooping books out, at the local book shop…
… his book caught my attention, but the links in his books to his website (forum) and being able to talk to like-minded people… was something that made me pick up the book, plus the book title…
overall i enjoyed the book, and while, the property market was booming, so was Steves website here…
though once i began to notice, people buying up these 11 second solution properties, it was simply outsmarting the firt timers or amatures… personally i do believe alot of people have been burnt and all…
but overall, i would not say that steve, was a contributor to the australian property boom, but, did infulence people (from reading his book) to buy properties… (but some people, took the 11 second solution a little to serious… or a bit stupidly…)
…yes there are some, horrbile stories ive heard, but thats people’s fault that thinking the “11 second solution, was the perfect key market indicator”
though im not one to say…
overall… congratulations to the ones that caught the boom early, and rode it out high…
but also, to the ones buying up property, in a market right now (currently)
… personally i feel that these guys have a different market approach and strategy and might actually do better than the rest, currently right now, if they can continue to buy properties up to the next boom…
Cheers,
sisHi Guys,
this is something, that in MHO, this is not the right time to be buying property for capital appreciation, unless your willing to ride the bumpy ride ahead, personally, im finding the share market, very rewarding at the moment, and it is putting private investors and traders, in very cashed up positions, though im also finding traders/investors, from other markets than property, are buying up property… due to there cash acceleration their recieving right now.
but to put in more solid assets… personally im having a ball in this market.. and still buying properties up, but at market value… some other close people who i network with, are also loving this market too..
Cheers,
sisHi Crashy,
thats an interesting, how you say how much your time is worth, but also i do believe that in the same way… that my time is also worth money…
though i dont think im worth as much, im about .75 cents a min, and thats probably about right 24/7 consisently, (including losses taken out… lol), but thats probably, personally bare minimal… for every minute…
but yes, i like your alology… (sorry dont know the spelling)
Cheers,
sisHi Bob,
personally, i would have that money in the long term invested into property, but in the short term, definetly in stocks… though i would personally forget the +ve cashflow 11 second rule, though if your not into trading… then i guess, large deposit into negative geared properties and then turning them positive.
Cheers,
sisHi Marsden,
sorry i dont get your 10 day rule… is it a caculation…?
Cheers,
sisHi Guys,
Margaret Lomas books are great… though i dont think she is that great all all, she may own quite a few properties and all, but her system and strategy to me, seems a little complex, when everything is negative geared, but using, ATO rulings, tax breaks, depreciation… just to turn her properties +ve geared… (still though if she ever sells, she will be liable for the phantom dollars (depreciation claims and expenses)
IMHO i liked her books to read, for motivation and ideas.. but her strategy, a little complex, though it will hurt in the pocket at a later time, i guess…
though shes not, or anywhere near a Jan Somers, who has lived through several property booms and recoveries.. and who has been through whole complete cycles…
though interesting to see how Margaret Lomas will go, if there is a interest rate hike….
but anyways… good luck to her as well, as she has achieved quite well and done well…
Cheers,
sisHi Resiwealth
How much are you worth today
not quite sure…How much do you want
multi-millions of net assets worth (truly multi-millionaire or close to billionaire, eventually one dayWhat is the difference
about a 5 years from my personal targets, larger targets, be listed on the ASX, with several or many companies at age 40How are you going to get there
consistenly, trade, invest, compound, velocity of money, and work the assets hard… but just repeat my current systems that are in place, but force them to grow, at daily, weekly, monthly and yearly targets. (and doing other small projects on the side)
Cheers,
sisHi Redwing,
lol… thats correct [strum] i’m very passionate about my intrady trading activity…
Cheers,
sisHi Yack,
i dont believe the market will fall, where im buying in the current moment, the reasons being are –
* extensive research is always done into areas that im looking to buy in
* the area in which im currently buying is a growing and growth area
* the property is under market value
* and each deposit that i save up, from trading, is then put in to an offset a/c against particular properties due to; (being negative geared or increasing cashflow due to higher interest rate)once this property is, bought, i will put an emergency fund of $5k against it in a offset a/c to begin with, and start building up another deposit (in which im currently doing)
though another reason being is, i like Peter Spann, idea of buying negative geared growth properties – turning them into netural geared and then into positve geared, and getting that both capital growth + cashflow… that will eventually come.
*** the other thing that i find is, that because im a private option/share trader… i have liquid assets, which can be liquidate quickly, and able to resolve or fix problems quickly…
but overall, im in both a strong property and share capital position.
Cheers,
sisHi Spanky,
great to see you in progress and heading in the right direction, wish you best of luck in both your property and share portfolio. [strum]
Cheers,
sisOriginally posted by waz11:– can you borrow money to put into a commercial trust (ie: will a bank give you a secured loan against the units you have in the trust?)
– I have read of average returns being anywhere from 8% – 15% per year. Is there anything else that needs to be payed into the trust? IE: any group bills or anything – any other hidden costs?
– if there are no other costs that are involved then you basically are making a percentage return based on how much you are paying on interest for the loan to buy into the trust ( assuming you can get a loan for this) ie: interest on loan = 7% return = 12% – therefore actually profit = 12%-7% = 5%. does this seem corerct ?
any help would be appreciated..
Waz11
Hi Waz11,
you can do a margin lend, when purchasing shares, though it will depend on the margin LVR, that is willing to be lent out.
i dont really like property trust, as they are slow moving stocks, and to be honest, you can earn more from solid blue chips stocks and have margin lend on them.
though those returns are true… that is on a very few selected small amount of stocks, that can consistenly grow at 15% for a few years, before the stock hits an acceptable peak… and just sits at that price.
my real main concern is, if you investing into property and into the share market (but also buying property trust – LPT), your not diversifying your self..
and to me personally this is a little bit of extra risk you are carrying on…
Cheers,
sisOriginally posted by resiwealth:Personally i think that commersial is better at the moment or buying land and building in South east QLD as i have just bought 15 lots in Ipswitch and stand to make 55k profit on each one, so you don’t have to buy and hold to me its about making money (profits!!!!!!) and moving on.
Hi Resiwealth,
Congratulations… [strum] and well done too see that you are making money… in a market that is unsettled…
what i like about Resiwealth post, is that, its showing you that money can be made in all sorts of markets, but can also be done from all sorts of property transaction deals….
Cheers,
sisKeep up the good work!
Hi Spanky,
im a negative gearer, but i do own quite alot of negative geared properties and i can tell you honestly, over time and bit of rental increase and turning them positive… they have really out preformed my +ve cashflow properties, even after 1 year of holding my +ve cashflow properties, havent had much property gain, yet a few minor problems plus… the cashflow vs the capital gain, hasnt been too great…
in all honestly i own about 8-9 negative geared properties, yet… im able to offset them, and really make them work the dollar hard…
but they have been the biggest attribute to my property portfolio…
in all honesty today, i purchased another negative geared property that soon to settle, but this property which is undervalued and all, i know with in a few months time, i will be able to take a nice 60k appreciation, or equity revaluation….
but… these are the properties that have really allowed me to kill the market, but also fast track my property portfolio…
Cheers,
sisHi Spanky,
great to hear, the motivation and drive you have, though ive learnt there are a few ways to get a loan, and that can be either showing employment details, or buying assets, as a transaction, were they look at the money coming in + appreciation, as a transaction, instead of a property that is geared, by you being the leverage.
Cheers,
sisHi Guys,
actually i have been doing the total opposite, right now im buying up big again, and today, just signed a contract for another property, but im honestly just buying property at there market values, im not worrying about negotiating, but taking profits from the share market and putting those profits down as cash deposits…
it might seem a bit strange to do this, but its also knocking out other buyers bids, but the share market is crazy at the moment, and profits being made from the market can quickly and easily fund property purchases.
in the area, of which i live, ive noticed a mixed reaction, between buyers and a sellers market…
good deals, arent being negotiated, but instead being bought at market… and knocking out buyers/bidders buyers… are trying to chase properties that are being snatched up for a song.
Cheers,
sisHi Resiwealth,
i can relate your question, not in that way i think… (im a very positive person – with lots of energy.)
though, my best mate since high school… anyone he sees with a nice car, or has something nice, first thing… that he always says is…
his dad, bought him that car, or his dad help him get the finance, never has he said, they worked hard for it.
though he isnt, negative about investing, he is negative about seeing someone, having nice amenties or luxuries…
Cheers,
sisHi Guys,
honestly, i believe we have just seen one of the biggest property booms ever… yet were about to see the biggest bull share market ever… (not as in quick at the tech boom)
but the biggest crash in both the real estate and share market ever… in about 2011…
Cheers,
sis… some books… thats might be great to read…
* Robert Kiyosake Books (its about investing, but also the psychology, motivation and drive)
* Anthony Robbins (again psychology, drive, and lots of energy)
* Blakes Go Guides (there the very short books, like 40 pgs or so, but all different books in all different topics (busniess, shares, property, mortgage, tax, corporate law – trust, company, managment, communication, negotiating) very cheap books like $7.95 each)… but definetly straight to the pointthere are many many books on property, shares and business… but usually they all say the same thing… (you honestly just need 2 books of each, to get pleny to start off with)
Cheers,
sisOriginally posted by Pepper:At 16 your already stress free. If you wanna make money go to school study hard & then get a job!!
Hi Nehal,
im very biased, and im gonna say the total opposite…
studying hard, get good grades, get a secure job, honestly if this is what most people are doing, and they are only getting the results, which i would call average and small…
… then you can expect the same…
first 2 things, and even Robert Kiyosaki, will say this,
The bank, has never asked for his report card… in real life your report card is your bank balance…
2ndly to get ahead, get professional education, this is what you would call self development subjects and courses in the field of finance, investing, economics and so on…
though if you want to make money, really learn to invest, trade, and leverage people… (business and management) this is the key to success, but also compounding, the velocity of money and OPM (other peoples money.) and build up your risk tolerance…
Cheers,
sis
