Forum Replies Created
I don't think Mark is doing Options anymore he is now doing splitter courses because Options are a sophisticated technique and I don't think one student has come forward to date – you can ring Mark direct and he should give you the names of at least 10 successful students who can prove their deals – I mean if he can't that would be saying all his courses are failures. so if he has taught at least 3000 people over the last 3 years at 5k per head that is 15million dollars you would think his success rate has to be better than 1% – or does that mean there are 99% of idiots out there and reading this forum.
I think the new course is only $6.000.00
Oh I believe that century 21 lost their financial services license you can check at asic.gov.au
http://www.propertyoptions.com.au/online_training/splitter_vid_ex5.html … link to marks new course, give him a call.
Disagree …
Find a $600k house in an old suburb and renovate it for sale do this 10 times … that's how we started and it is tax free …
Stay away from new suburbs … it is the great Australian dream !!!
You can do it the others are wrong trust me … or don't and look back 20 years.
Firstly are they licensed … ???
Ring TDFT in your state and get the details on the buyers agency guidelines …
Give the names of the sales people and the company details to the ASIC … ACCC … and the DFT and get these people checked out.
You can make money just as quickly as they can take it off you.
Good Luck … oh my FEE is 3% as a licensed buyers agent 1% non refundable, I don't work for FREE
Get proper legal advise I have a great contracts lawyer k2law.com.au but be prepared to spend between 3 – $6,500.00 in legal agreements which are required …
The greatest gift we can give our children is education and how to understand and clarify "information"
It is not a wise choice to walk into a raging fire with a positive attitude – chances are you will get burnt.
I tell my daughters to only deal with credible and honest people who can prove at least a 10 year track record and never trust anybody who has no formal qualifications in the investment advise field.
As a famous prophet once said "heed the roar of the distant drums".
My children are reading the law of attraction and the "Vortex" by Esther Hicks – money is not your god know thyself and be truthful to others there are many millionaires in the graveyard.
The asian term is called a "Dead Cat Bounce"!. haha
thanks for that RHS
Lucy the GOOSE wrote;
He mentions an investing technique where you for instance borrow an extra 50,000 when buying an IP so that you can meet the interest repayments on the property without being out of pocket. This sounds very attractive to me who doesn't have a lot of spare cash and would struggle to make the difference between the rental income and the loan repayment having my own mortgage already.
I rest my case … I am in control and I said as a warning to all — this is a high risk stupid strategy — it is dangerous to borrow (if u can) addition money IF your financial position is tight.
The GOOSE wrote:
This sounds very attractive to me who doesn't have a lot of spare cash and would struggle to make the difference between the rental income and the loan repayment having my own mortgage already.
aaahhhhh
I am saying:
If any intelligent person is reading this there is no short cut to getting rich in property unless you are an expert with years of experience – step one see a financial adviser or accountant to access your current financial position !!!!!!!!! know where you are before you can plan for where you want to be.
Henry Kaye is a nice bloke who sent many people broke because he got them into a frenzy of getting rich … his concepts and ideas were fantastic BUT BUT BUT — there is a major difference between "theory and practice" — what many people do not explain in these great theories is that you need to be in a certain financial position to actually do it.
Lucy darling I can be sweet to you or I can tell you the truth — the rest is up to u — and as a famous actor once said, quite frankly I really don't give a dam.
And Maverick the engineer — the correct saying goes like this and was said by non other than Einstein
you cannot expect to get a different result in life if you apply the same thinking that got you into trouble in the first place.Ever investor must read:
The science of getting rich (20 times)
The richest man in Babylon (20 times)
Think and grow rich (20 times)
Rich dad poor dad (20 times)Finally my ADVISE
do not invest in real estate to make money – make money then invest in real estate !!Thankyou for yr one honest or first post glaucus …
WARNING:
Any person dealing with an unlicensed company buying an investment product has no protection in a court of law and will not get their money back.
The ASIC – ACCC – TDFT will fine these people then tell you that you were stupid to deal with such people in fthe first place – thats after 2 years fighting them in court and they have started another company in a different name.
LINAR – you and I can never stop this from happening it is amasing how stupid some people are on this site – uneducated looking to get rich qiuck.
Today I got an emaqil from a finance company selling and advertising to sell investment properties – THIS IS ILLEGAL – please don't believe me ring TDFT
Any person standing on stage advising people how to "invest" "make money" "buy multipul properties" etc etc will soon be required to have an advisors licience because they are GIVING FINANCIL ADVISE.
IF you are being "sold" by a slick sales person ask for their license and watch them run – ask for an independant solicitor – get seperate advise – ring the DFT or LOSE YOUR MONEY
Ask yourself this one question
Am I stupid or intelligent
if you can't answer either or both you are in the wrong forum
hahahahahahah or splet differently aaaaaahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhWell I still don't believe you but I will answer your question –
You are retired engineer with little cash … you said you don't have a lot of spare cash and would struggle to make the difference … aaahhhhh
AND YOU think that borrowing (if u can get the money from the bank in this economy) an extra 50,000.00 which is a stupid high risk strategy in this market would even warrant a sensible comment.
In a hot rising market "possibly" depending on yr financial position !!!!!!!!! -0 see a financial adviser – stop reading books for a while, you have the time.
Are you a sophisticated or unsophisticated person (over 2.5 million in cash)
Did you follow the stragies of Henry Kaye – really really nice young bloke and very smart – but ah where is he today.
Finally – There is a major difference between "theory and practical" you are an engineer work it out.
aaaaaaaahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
It amazes me how new members come in to defend a new thread … who are you …
If you read the opening statement he talks clearly about $50,000.00.
Aus M … give me the details of yr amazing property and I will pull the records and post it on this forum.
It is amazing how GOOSEY and MAVERICK joined around the same time or are these people two of the same trying to get free advertising ONCE AGAIN !!!
Some people have a real sickness that can never be healed … very shallow post with no substance …
READ the question and stick to the content Maverick u are way off track and I don't believe you.
This forum is vastly deterating in quatlty where is Steve McKnight … BRING BACK DAVE this pace is falling apart.
Linear … Help
This is easily solved guys,
Ring the department of fair trading and give the names of the people in the sales process … every person !!!!!!!
Are they licensed to sell investment properties … are all the sales people LREAs … what is is their financial services number for giving financial advise … ring the ACCC … if they say they have PS 146 quote section 42 of the trade practices act … go straight to Gail …
If people are stupid and lose their money "caveat emptor" then stupid people will always lose money and they deserve not to have it.
Correct and you must also consider the tax credits associated to the investment as well …
If u buy a new property the first 5 years have the greatest tax benefits and then that diminishes down to 40 years …
If the property is second hand use Steves 11 second rule … search.
Borrowing extra money in yr circumstance is stupid in my view but if you had a business that is a different manor … get advise from licensed and qualified people … there are lots of books and lots of enticing strategies that lure people into a false seance of security … remember what caused the fall of Henry Kaye gone but never forgotten.
Stay away from people or companies who sell properties or the answers to yr dreams … there are millions of cheap opportunities on the internet and realestate.com.au do yr home work it is part of being a successful investor …
D
Yes I have seen this on units and houses …
So this is not a ballot it is based on your personal decision ??
Do you have a DFT registration number ??
As I know every person this site is totally honest and transparent … what make you to be such a good judge reading from a letter about people you don't know including me … very clever way to make money oh how many tickets are there ?? you must state that by law when you are advertising which you are doing right now.
First of all you have to borrow the $50,000 over and above the bank valuation or against other assets.
If you have other assets why do you need to borrow the extra $50,000.00
These strategies do not work in a credit crisis or low interest rate market.
If the property is valued at 400k how do you borrow 450k when the banks are asking for 80/90% lends not 100% like 2 years ago when the market was hot and banks were giving money to any tom d..k or harry.
You mention you don't have a lot of spare cash so will the bank consider you a good risk … remember money is created not made.
Finally the property cycle has shifted the banks are nervous and credit is hard to obtain for individuals and developers alike – maybe you need to read a few more books on fiancial structuring before you attempt that risky one in this market … good luck … by the way how many properties do you own today, ??
P
Yes a great idea that a lot of people are getting into including education, you can buy a digital camera on Amazon and upload to youtube … even real estate agents are getting into this because there are buyers in other states or countries that will buy over the internet and the real life video makes it that much mre real and down to earth.
http://www.youtube.com/user/RealEstateEdu#p/a/u/1/gBJRWIDZVWc
Daniel thank you for this video,
This is an example of a real estate company with a brain and who understand how to look after a rich client.
This video is slick, professionally produced, and can be viewed from anywhere around the world.
A real estate (licensed IPA) company I do some work for has been doing this for 3 years … youtube videos … it is the future in selling real estate … especially if you live in Perth and are buying in say Hamilton Island as an example ….
21st century advertising … any real estate agent NOT doing this has rocks in thier heads, leave the desk and buy a digital camera and learn how to up load it into youtube.
D
Hi Crest I tend to agree with you,
I talk every single day to real estate agents and finance companies especially in my job.
Property management companies appear to be doing fine but in outer locations the commercial vacancies are increasing and in particular one well branded name I deal with has a 48% vacancy rate on their current book. This tells me that business is struggling to survive in many but not all sectors.
The fact is we are becoming a poorer nation 1, because our governments arounfd the world are spending tax dollars in an unintelligent way that our future young people will be paying off for the rest of our lives.
I am concerned that the RUDD government is considering applying a tax on homes over the value of $2 million dollars. You cannot keep stealing from the rich, it's the rich people who employ people and have the are the builders of our societies. This tells me that they are struggling to get money in because the ATO is not collecting as much this year because the financial positions of business has changed and companies can't afford to pay provisional tax.
Domani and many other news sectors are saying that interest rates will not rise sharply HELLO CBA and ANZ are already up .6 and my broker is giving me the new sheet tomorrow of all the rate rises across the board.
The big problem is stock availibility – lots of small builders have been unable to invest in spec building because of the credit crises and lack of funds from the banks, over 70% of FHO loans are rejected so that in itself is an opportunity to find a way to finance the 70% who FAILED to qualify for a loan.
As a sophisticated investor I have to look at all the facts, I personally don't like country towns but I do like low cost housing and knock down and rebuilds in upper areas.
I'm currently paying 5.29% rates and am considering fixing at 5.99% for one year – I don't know why but my gut feeling is not good and I would love some feed back on this from my finance friends here.
D
Why are there more than 2 posts on this can't admin join topics together this is so dumb … use yr search …
D 21st century technology?????????
Ipswich yes but look for 2/3 year old stuff on realestate.com.au
Stay away from Collingwood park it will be impossible to sell in the future, go talk to Herron Todd White valuers. Ask for a black soil report and think of resale when buying in this area.
Deal with local real estate agents and not property marketing companies.
Doral is a great spot with 4000 m/2 land allotments and strong rental.
Stay away from the Whitsunday's it has gone backwards, Proserpins, cannonvale, airlie and shute harbour are all ten year punts … no international airport is the down turn point..
Bowen be careful of location but near the new marina could be a LONG term shot.
D
OK so here's the go from inside my mind.
I don't think about growth I think about cash flow.
I do my calculations on the property not going up in price at all.
If I own a 200k investment and the cash flow is paying out all the debt and not me then in effect some one is paying me 200k over time.
If the property goes up in price then this is a bonus, and if it doesn't I'm still in front because I'm not paying for it.
They are predicting that rents in outer west Sydney especially will rise by 20% due to a lack of stock and the coming downturn from TFHG … if it does my cash will be faster and I am getting rich quicker.
2 years ago properties in this block sold for $315,000.00 so I figure 180 is rock bottom … lets see … but I'm looking at another as I write this, I'm buying cheap stock with over 9.5% + ROI
D
