Hi MelbpropertyWe did the RESULTS program as a couple.Our mentor was Brendan, he was excellent.It was a success and delivered for us on it's promises.If you want a mentor, go ask them, assess it, get names of existingmembers and past ones. Ask them all, find others amongst members whohave similar goals, network with all those with similar…[Read more]

If some dog digs a hole, or rain makes a hole, or soil subsides or settles, whatever the natural cause, the tenant must be to some degree responsible for looking where they walk.The REA may have felt this settlement price was "in your best interest", but handling these matters takes insurance company expertise to draft indemnities and get them…[Read more]

Suggest you stipulate which tradesmen can be used if you know any in your property's area that keep it real.Otherwise use the REA's tradies but switch if they're overpricing work. You can also insist on quotes before work, unless it's in the urgent category, but the word "reasonable" still applies to costs.cheersthecrest

Watch the hotel managed accommodation carefully.If you think about it logically, why would the hotel give you a big share of the profits ? Coz if they were doing so well, they'd get finance from the bank for say 8%, so if that's all the financing costs, then why would they give you heaps more than the bank for you to finance it instead…[Read more]

Here's an update.The Passive Commercial Investment part of the motel sold.The leasehold looks like it's sold if the exchange takes place this week.Woo hoo, now we can continue with our plan to buy bigger motel leaseholds and run them under management.No thanks to snuff the tragic dragon who did a reverse of their LVR saying they now need 70%…[Read more]

Hi JaffasoftFrom what many brokers have told me, and for what it's worth, there are several ways of generating leads.Listings hard-earned by visiting every motel in the state, this works better than anything, many kms, raises profile.Can't sell or list motels unless you know the market and that's how you learn the market. The greats are great…[Read more]

How do we get a statesman who is a PATRIOT  –  fully dedicated to our country and Australians, who will put the short term and long term welfare of the nation ahead of his personal political future  ?How can politicians demand total Patriotism from service personnel without giving the same themselves ? Showing my naivety and idealism here, like…[Read more]

Hi DebskiCan you post an update of your progress here, let us know how you went looking for a motel ?Cheersthecrest

Hi  SstracheHave you made any progress on your leasehold motel search?Hi JaffasoftIs your family hotel / motel broking business in Mooney Ponds up and running ?cheersthecrest

It's not getting easier. Govt's don't take long to transform from saviors to predators.The questions as always – Who would do a better job ?And for how long ?Cheersthecrest

We've all got to contribute for the next 3 years to pay back the Govt debt so lunch is out guys,pay more tax, no eating during the day, think thin, lean, austere, be negative, shrink to fit the space under the boot you're under. I've switched from a lunchbox to a matchbox.    Not.BTW I've got an admin box too, it probably means watch this spac…

Hi James,welcome to the forum.Looking for a second hand copy, not a new one, as per my opening post.Thanks for the info anyway.cheersthecrest

Hi CasmitIf the $200K leasehold provides typical leasehold returns of 30-35%, you'll have to be careful you buy one that doesn't need much spent on it for a few years while you save, income of 30-35%  doesn't leave you too much to play with. However, disposable income is high compared to most people's situation because there are perks like a fr…[Read more]

It'll be a very long lineup at the " licence desk ".And the market place will be deserted.Stage will be empty.The one leaving town will be full. 

Would you please name some of these specialists ?St George dried up in very poor style this week, so we need to make a move.Any ideas would be appreciated.Cheersthecrest

If it means cutting out future trailing commissions, it should mean a proportionate increase in immediate commissions and consultation fees. Brokers have to live. I bet all the Brokers would like to have reciprocal rights to " adjust "   pollies' income so as to " clean up their industry. "Pollies are brazen hypocrites.  Canberra and…[Read more]

Hey JaffasoftThere's a good upbringing and education, hard work fresh air good values and knowing where the food really comes from.That'd be a buzz running a guesthouse farm with city kids, very rewarding.Knew a guy just past Dandenong in Vic who gave up slogging with the farming and turned his acres into a western style horse ranch for girls o…[Read more]

Great idea to get with someone who has good existing relationships with Council, my last experience with Council in this area didn't end well, with Council saying they had " no authority to approve any construction ex post facto" which I discovered in the dictionary as  meaning "after the fact", so they refused to approve anything already built…[Read more]

. . . . and when the Banker raises loan interest rates to 12%  and you're still in positive territory . . . . It's always good to know your Banker's IQ, depth of vision,  and creative investment limitations.  cheersthecrest

Asking a pacific islands based solicitor if you should become a client is like asking the barber if you need a shave, and you might get scalped either way. had 12 years in the south pacific, been there done that, lost everything, never again. well known as a graveyard of entrepreneurs and investors.         cheersthecrest