Yeah they definitely deleted their post and my quoting abilities aren’t very clear might have been a competitor trying to stir up trouble.

I have ips and ppor in Penrith area so probably bias but I would stick with Penrith or st Mary’s(if u can afford it). A lot of talk around town about the airport and I’ve never had a problem renting or had troublesome tenants. As for the street obviously closer to the station shops will provide better yield and growth. The area has dramatically improved the past few years so there are no ghettos like other suburbs but if you do find something put a link up and we might be able to help :)

Cheers Tony

My Fiancee and I just started our own carpet cleaning business and we do both but this article is probably the best to describe the pros and cons of each and the processes it takes :) http://www.cleaning-tips.com.au/cleaning/2013/steam-cleaning-vs-dry-cleaning-carpet/

• This reply was modified 10 years, 5 months ago by  Tony Fleming.

Who cares how much he invests of his own money? He isn’t forcing anyone to buy in USA he is providing his feedback from his situation on his particular style of investing.

So a 42k deposit to avoid lenders insurance [/quote] LMI can be very useful ally if you want to continue to build your portfolio.

Guest wrote:

Hi, After hours of writing a complain to ASIC I figured I should come on here and also share my story. I’ve been a repeat client of binvested since late 2012. I initially paid $7700 but my last few were $9900 per deal. As you all know their strategy is to buy under market value, reval and buy the next one. Which is how I assume most of his clients reach 10 properties in one year. I bought my first investment in cairns late 2012, early 2013 Nathan Birch approached me with a new property, having not saved enough deposit he referred me to his bank manager at westpac. I got a reval done, it came back at $200k which was $90k over the purchase price. I pulled that equity out and bought the next one/paid nathan his fee. The process went on and on.. Recently I was approached by a former client of Nathan’s who tells me his bank manager at westpac has the authority to approve a reval if a property in the surrounding streets has sold for the same amount. So my older 2 bedroom unit, got reval’d at the same price of a modern 2 bedroom unit. I found this a little difficult to believe. However better being safe than sorry. I went to CBA and ordered a reval on my initial purchase, it came back at only $145k rather than the $200k it came back at in early 2013. I followed by the rest of my investments and it was pretty much the same story. Not sure what to do from here, I have reported to ASIC, the other guy has too. Sitting here with more debt than assets and losing sleep. Has any other client of Daniel and Nathan had this issue.. What did you do? Also, I checked my buyers agency agreements and it mentions that they get commissions on every loan they send over to Westpac. [/quote

Sorry to hear about your situation. Are you cash flow positive though? What’s your portfolios LVR with the CBA valuations? You should probably report the Westpac guy as well.

EngeloRumora wrote:

((((((((

Not even 1 comment lollol

I am getting more hits from my Americans over my fellow Aussies hahaha

Thanks guys

To be honest Engelo you seem to be a really top bloke why worry about meeting/getting a photo with your favourite celebrity mentor? Yeah he is an amazing investor but at the end of the day he is just a normal bloke albeit a fair bit of money . I've never see the fascination with celebrity figures. I wish you luck with it all   

LOL i do this because i'll do anything to reach my financial goals early. If you have access to a efpos machine and the merchant will waive the merchant charges go right ahead. Just make sure you pay the credit card back before interest kicks in.