Forum Replies Created
Hi Peterp,
Almost but very similar to the way you have noted,
The main issue was how quickly you can identify a risk and minimise it, avoid it and mitigate risk.
Similar issues discussed were, internal, external and overperiod risks.
Issues that were talked about and explained were how to understand, control and monitor a risk and then how to manage and follow the risk.
This was excellent cause it was an eye opener on how to respond to unidentified and unplanned risks/issues and how to quickly resolve the risk/issue. It would also identified how much a risk could cause impact, but also what ways the risk could be minimised, controlled and prevented.
quote:
But I could see that too much reliance on this could close one’s mind to innovation and force one to accept lower returns than others less constrained might.To me this is an important eye opener, not only does it mean you should purchase just +ve cashflow properties, but look at each property, not just as if it is a +ve cashflow.
From my experience i can say, that my +ve cashflow properties dont make the real money, its my neutral geared and -ve geared properties that do, the +ve cashflow properties have only been great benefit to opposed as offsetting my costs.
cheers and hope this helps many others on here,
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
Hi happytrace,
where abouts are you studying? by any chance is your degree in Health Information Management?
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”Hi Huey,
just a short note, to let you know that i have sent you my contact details to your email. please find them there.
Good luck and happy reading with the book
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”Hi Huey,
im just 2 mins or less from parramatta, i live just by there, oh well theres always a next time. In the mean time a good book i suggest you read, its Rich Kid, Smart Kid – Give your Child A Financial Headstart by Robert T. Kiyosaki. Ive read this book and taken great notes from it. I might not be a parent, but i have a 15 year old brother whom i now teach about investing, the book is great it will help you teach your kids or people, you want to teach, who know nothing about investing but how to get a financial headstart at any age.
This book is a great insider, not only will it teach your kids, but yourself too.
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”and for another reason, due to Steve’s book, it has definetly made it harder now, but give it time, there are still +ve cp, there just harder to find now.
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”A good course i suggest you learn is “Risk Management”, many of my friends who i went to college with up in Brisbane, during our studies, we had to do this course, and what i can tell you is, that nearly every single one of my class mates who im good friends with and are also in the age bracket of 19 to 22, we have never been exposed to such a different way of learning, that has helped many of them and myself to obtain IP or PPOR with the ease and comfort from that learning.
If you are interested in that course, call up your local tafe and ask if they offer that subject. I would say its a must learn if you want to be able to analysis risk and to have more confidence than being worried or stress or unsure.
hope this helps
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”quote:
SIS,just wondering, when u do that signing and sending it back, i would assume that you have ur solicitor looked at it beforehand?
Kev
Hi Motivstorm,
to be honest i dont bother getting my solicitor to have a look, its just lucky in my experience that in my young age, i have had the opportunity to be exposed to many contracts and agreement forms, well before property investing and being able to learn quickly and identify any changes that need to be made. But if there are any changes that are needed, and i have already signed the contact, i will tell my solicitor to make the changes and put them forward to the other party and their solicitor. But there is a thing also in the contract that is a cooling off period anywhere between 2-7 days ususal, so if any case, i can always terminate the contract in that time.
hope this helps
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
Hi Redwing,
i cant answer your question directly, but the more property you have the easier it is to obtain equity, though still it can depend on many factors, ask the people, how they did it. They may be happy to answer your question and tell you how they were able to obtain that many properties.
but some people are asset rich, others are cashed up, or some people have creative financial ideals, it really depends on how and what investing strategies they are using. hope this helps
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”quote:
And do us all a favour, lose the tough guy wannabe attitude will you ?? If you want swear and hurl abuse go to the pub with your mates – it sounds like you could use a beer or three… [
]cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
Hi itsamoorey,
no major dramas, mainly what will happen is, a contract will be drawn up and either emailed or faxed to you, from this point you do, your normal quick check over the contract and if satisfied signed and dated, fax it back to your agent, and he will get the vendor to sign it. Doing this will not quite close the deal, but the property will be under contract.
The orginals of the contract, must be signed in the same way as the faxed copies are. Simply as pie, just make sure when you do the contract, you specific subjectives in their for your own protection.
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”Hi Monika,
I much prefer to use a principle interest loan, i rather pay the loan down, but at the same time, be one day able to own the property rather that just have payed interest, though if you are just doing a buy and hold, then quick sell. Then interest only maybe a better choice.
Though a prinicple interest loan, your repayments are much higher than an interest only loan. Its a decision you have to make yourself in the end.
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”not only the St George Bank, but i can see many other lenders increasing their rates to in favour before the nexts rate rise by the RBA in February. Not sayin the RBA will but, im betting on they will.
Cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”Hi Namaste,
Email this person ([email protected].)and tell them, you were talking to me still_in_school, this person knows who i am, and just mention to them is it ok if they can pass on your details to Otto Dargan.
Or if you want are you based in Sydney, we are holding a meeting this Thursday coming and Otto Dargan will be there, if you want to talk to him and meet him, i can post you details on here.
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”Hi Rubbachook,
those dam water inspectors, i cant even complain about the rain any more….lol… but in this weather are you kidding its too cold to get a tan, im inside and not even outside and im freezing…im about to tell work that im not coming in. I went out early this morning for a quick stroll to the shops to get some milk, instead of just getting some milk, i got drenched.
lol… well its one of those days i guess, but for everyone out there, think of us poor sydney siders, who are suffering another cold, rainy day. lol….
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”Hi team,
Its funny, how you guys are mentioning alot of units and apartments in specific parts of Brisbane, ive had the great opportunity to see many of them and have a quick tour of them, to be honest, many of the people i know that are snapping up these types of properties are overseas students, whos parents by them the property say that they dont have to pay rent. Once they complete there studies, many of the students who bought these properties will go back to their home country.
In hence they will sell their property, make profit and the profit proceeds go back to their family to cover there cost of education, whislt studying in Australia.
Though this is one of the many reasons why Cathedral place could be selling so quick. Hope this gives a bit more insider.
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”Hi itsamoorey,
I have purchased a few properties and never seen them directly, only by pictures and reports, though i wouldnt just be too startled some deals you have to make immediatly, there just so straight forward.
eg. a property goes on the market, owner must sell up, urgent trip to overseas, desceased estate, bankrupcty, even a couples divorcing want there money back quickly.
Though it depends how comfortable you feel, i have an agent that i can trust quite well, and he gives me honest opinions like, no dont touch this one or that one, but will tell me which one is best. It depends on what type of relationship you have with your agent as well. Another thing too is, if you deal with one agent directly who knows what you purchase or has a very good idea, they will keep those properties aside for your, before even releasing it to the publics view.
In the end its up to you, but if plan carefully and know your stuff. If you have the confidence, then feel free too.
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”Thanks guys for the response,
im going to go ahead with “TPG” if you have seen their offer in the money magazine, it is one of the best offers out on the market, though i did come across a few better ones, but trying to understand there pricing methods, i gave up.
thanks for your responses.
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”quote:
Just because you guys can’t find them on the internet doesn’t mean they don’t exist.Take note, of what ENJOLady says, very true though.
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
dam i knew carol was up to no good
lol…
Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”Hi Westan,
thats alot of people but nice to know, how accurate is the data that approximatly 1 million people will purchase property, i mean thats 1 in 20 people, im wondering do you know the stats for this year, it be interesting to know if those figures are higher or much the same as the amount of people who have purchased property this year.
Well looks like another good year.
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
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