Forum Replies Created
Yak
Would you mind giving us a little insight into your investing experience, just to support your position on seminars. I certainly would like to know what you have learnt and how you have addressed any issues that came up while you were learning.
Cheers
Leigh K[
]Investment unit for sale – includes a rental guarentee.
I am very happy for those of you who could not have made your way in life without Steve’s help.Pay him to tell what you already mostly know if it makes it all easier for you.James has got it right, that it is likely that we would “mostly” already know what is needed to invest in property after all it’s not rocket science!
However, our plan is to be successful at it and to own more than the average 2 or 3 properties, so learning the part that we didn’t already know will differentiate us from those that think they know all about property investing … and don’t!
The interesting thing about this forum is not knowing the true experience of those with strong opinions to support or expose their positions made here … we can all be men of mystery.
Cheers
Leigh K[]Investment unit for sale – includes a rental guarentee.
OK I’ll have a stab at this:
1. Investment books – yeah I got a few books at first from the library. This was when I wan’t sure we would really do anything. Our first real endeavour was internet research particularly here.
2. Hmm the Accountant – well this in my opinion can be dangerous. Our first account said we needed a negative geared unit to reduce our tax burden. We now have a good accountant, that could only be chosen when we had determined our plan for investing the account only plays a small part especially if they aren’t into cashflow positive property.
3. Bank/broker – having a good relationship with your financier is important, like your accountant they are a crutial part of your team. But as to providing investing advise I still don’t think this is your best adviser.
4. Estate Agents – this is crutial at any stage of property investing but we still had to have our plan and goals ready.
5. Solicitor – another important member of your team but as a property adviser he wasn’t top of our list.
6. Forums – well as stated above we rank this step higher on our list of first things to do. (from a newbie point of view)
7. Sure why not!By doing the above – you will learn more than a one day course regardless of who gives the course.I don’t believe that our plan for how we invest, how we protect our assets, and how we finance our purchases would have been thought out in the early stages until we hit a snag, without the advice of professional property investors that have done it before us such as those that we met at 2 of Steve’s seminars.
The networking aspect of these seminars is as valuable as the seminars themselves.
Cheers
Leigh K[]Investment unit for sale – includes a rental guarentee.
Tony
Interesting situation, it reminds me of a Robert K story of a property he looked at, agent told him it had been on the market for a number of years because the well was insufficient for the property and hence all other interested parties in the past had backed right off when the agent “sold them out of it” but RK thought to ask a local well digger how much it would cost to fix the propblem and as an approx cost of about $3000 he could buy a bargain.
Moral of the story is … ask how can you make this situation work for you. And like Yak said work out terms that are favourable to you, but always leave the vendor happy too.
Good luck please tell us your result.
Cheers
Leigh K[]Investment unit for sale – includes a rental guarentee.
DOINIT
It would seem to me that you are making grand ass umptions about people that you don’t even know. I also attribute my success to what I learnt at Steve live. Had it not been for the $2000 investment that hubby and I made, hubby would never have agreed to invest.
Being that you have never been it is very small minded to cast such aspertions.
As Mini said if $1200 is too much money for knowledge then property is out of your league also.
I have seen first hand the growth of other forumites that scraped their last buck together and have worked their buns off to attend these seminars and begin their PI careers.
Good luck with your future investing.
Cheers
Leigh K[]Investment unit for sale – includes a rental guarentee.
Hi Mini Mogi
I was just wondering if that is your miss world speach or are you just getting philisophical on us[
].Cheers
Leigh K[]Investment unit for sale – includes a rental guarentee.
I still use the 11 sec rule as my minimum criteria for a property as I invest for cashflow so less is not acceptable … but it is up to each individual as to what their own minimum is if a lower return is acceptable to you then find a way of working out your own rule that helps to guide you.
Cheers
LEigh K[]Carve your own path and lead the way …
…you mean you don’t know yet!
Hmm[
]Cheers
Leighk[]Carve your own path and lead the way …
Hi rodneybrian
I think the old adage teach a man to fish … you know the one, it really applies now more than ever and Steve has been trying to do that for a few years now, that is teach investors to find their deals. They aren’t being handed out anymore so now we need to fish.
My friend Del told about a great deal they just bought and I was most impressed as I always am when ever I speak to her, but it is out of the ordinary just as many people hear have started to say they are looking at other types of property and business to invest in.
While you can’t see them yet means the rest of us can get there first. rodneybrian it is time for you to have some fishing lessons.
Good luck my friend
CHeers
Leigh K[]Carve your own path and lead the way …
Hardly Yack!
Seminars give so much more than just the information that is imparted.
Cheers
Leigh K[]Carve your own path and lead the way …
YES
Cheers
LK[]Carve your own path and lead the way …
Del
A huge congratulations, it was always going to be the asparagus farmers from Kooweerup that were going to be the first to 1mil.
Well done to you and Wil and the girls.
And thanks for sharing the details, it is always interesting to hear what people have done.
Cheers
Leigh K[]Carve your own path and lead the way …
Richo
Maybe if you post here you might find yourself a great mentor. LMOA [
]Cheers
Leigh K[:p]Carve your own path and lead the way …
It is my understanding that the MAP is well on track and everyone has really up-ed the anti to start producing some really great results.
The MAP was always started as the working project of Steve’s potential next book and hence you can’t expect to have the results plastered all over the forum.
As for updates in TT well maybe they don’t think a positive property update will fit in with their programming at this point.
My 2 cents! Along with my accronym R1 URAB!
Cheers
Leigh K[]Carve your own path and lead the way …
Pinky
The thing with mailout or web based selling is that people still have to be told about it and hence you have higher costs for advertising. High cost of paying rent for a shop is partially an advertising cost also as it generates walk by sales/traffic.
The web/mailorder gives you a much wider target market.
You have to think about how wil you distribute and warehouse your goods. How will people pay for them (or how do you get your money)and what are the costs associated with that.
Good luck I hope you are on to something.
CHeers
LEigh K[]Carve your own path and lead the way …
Hang on Kay is really Bill, dun nun nun nah![
]Carve your own path and lead the way …
Hi Diclem
Select yes and if it loads a virus, then call Mel and she can post to the rest of us that it was a virus … what do you reckon?
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Leigh K[]Carve your own path and lead the way …
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