EngeloRumora wrote:

I will reply to this post as I feel it was directed my way but I refuse to get into any Argy Bargy with you.

I’m not trying to get into any Argy Bargy with you. It’s none of my business what you do. I am just pointing out something that people who are getting into investing should be aware of.

EngeloRumora wrote:

As for the time factor. If you “like” Trumps page on Facebook you will find the odd video even from him. In his book “The Art of the Deal” it outlines his daily schedule and its crazy busy yet he still has time to do a video.

Do you know how many times Trump has gone bankrupt? He has to do those video, write the books etc to build up and maintain his image so people can continue lending to him. That’s where his value lies: his image and name.

When he files for bankruptcy he doesn’t loose any of his wealth that is protected through his legal structures. But someone is losing in the process.

He said one time: “Many “great entrepreneurs” have used bankruptcy to restructure debt, free up capital and improve their businesses.” (Btw I wouldn’t call him an entrepreneur)

Sometimes the best option is to file for bankruptcy but making it part of your business model and using it as an exit strategy is a different thing.

This seems to be his business: Start a project, inflate it in value, file for bankruptcy, move to next project.

However people continue to do business with him because of the value of his name and brand.

EngeloRumora wrote:

Just as an FYI our group does not sell to Australian’s and I wish more would jump on board instead of buying overpriced Australian properties. Its sad as most did get heavily screwed over by shady US turnkey operators.

Why don’t you sell to Australians? Also why does it matter who you sell to?

EngeloRumora wrote:

There you have it. I am trying to prove to you that I am successful and still have time to do a video and post a blog hahaha

You have to do it mate. It’s part of your business. You need to market your business, your image and brand otherwise no one will know about you or trust you. Like you mentioned in your previous post. There is nothing wrong with that.

EngeloRumora wrote:

People who really really want to learn should go out and do it themselves lollol

That’s the best way to learn. Make mistakes and learn from them.

That is a good way to learn. The best way to learn is to learn from mistakes of others first then go out there and try not to repeat those mistakes at least.

FYI on your website you have this written:

“A successful property investor that quit school at the age of 14 and built a property portfolio valued at over $1,000.000 in 6 months.”

Is that supposed to be $1,000 or $1,000,000?

The exit strategy doesn’t need to involve selling. Personally I would never sell unless I had to.

Would need to know your financial situation in detail to comment. How do you operate as a contractor? Sole trader/company/trust?

It would be best to discuss this with an accountant. One that also knows about property. Most of them don’t.

Too many property gurus targeting everyday Australians who want to get into property investing.

Most of them don’t make money from investing but from “teaching” or selling their overpriced/turnkey investment properties. They spend too much time on their image and their brand.

I mentioned this on another forum.

Successful investors don’t have time to teach. They spend their time investing, buying, selling and managing their properties.

As the saying goes: Those who can do, those who can’t teach.

No offense to real teachers.

tom123 wrote:

Cheers, Andrew. so you don’t have to write your offer on the contract of sale?

No. You don’t have to. Once the offer/counter offer has been accepted you will sign the contract.

tom123 wrote:

Also if there was a scenario where i wanted a 12 month delayed settlement but there are tenants living in the property and i wanted to be able to have the rent paid to me instead of the home owner for the 12 months. how would i go about wording that?

would that just be me having equitable title on the property and the owner still having legal title?

I shouldn’t tell you exactly how “I” would word it. You should consult a lawyer about this.

Personally I would just negotiate on price instead of organizing this agreement.

Andrew

sciencesurf wrote:

I completely disagree. Do you honestly think people want to stare at white walls?? What makes property investing so interesting is the human component. Real people making real money. Nathan gets so many ‘likes’ because people find him engaging. Without him on the screen the true value would be lost – and no-one would bother watching. I can imagine how my students would react if I stood at the back of the classroom, while they looked forward, and I clicked away at a Powerpoint and spoke. Poor teaching. Learning occurs through connection. Engelo, I think you’ve done a great job at achieving that in the vid.

People who really want to learn want to see the progress.

The rest just want to be entertained and want to feel the speakers excitement and energy and immerse themselves emotionally. Which is fine too if that is what you want and that’s how you can learn.

Hi tom123

Maybe it might be too risky for you to purchase this property at this stage.

You will need to do some more learning about development before.

There are a lot of risks that can’t just be summed up with a %.

From the agents point of view they can because:

1. Agent wants to sell the property so they’ll throw anything that looks good in there

2. Agent doesn’t know anything about development

Andrew

Catinthehat wrote:

For Gods sake find a videographer who can teach you some basic video compilation skills because the ones you make suck! I absolutely hate the slit type view. They invented panorama for a reason!! Everything I and others view on these days is 16:9. Why oh why would I want to waste 2/3 of my screen view to blur and its ten times worse on a phone screen…doh!

I think he is using a phone to film it Catinthehat.

Andrew

Unfortunately you won’t be able to claim any of the expenses. If it was an investment property then you would have been able to claim some of them.

If you do purchase a new investment property in the future make sure that you claim your deductions in the year they occur.

Andrew

Hi Kateodon

Welcome to the forum.

This form is quite a good place to learn. Have you already read a few property investing/developing books?

If you’re serious about it then you could do a Master in Property Investment/Development at a university.

I ended up doing that a few years ago :)

Andrew