Forum Replies Created
Bluegrass I totally agree with you …
This government is getting into more debt by supporting and investing in such schemes …
Why doesn't the government teach people how to save from an early age instead of spending tax payers money to support people who can't save … this is housing commission gone wrong.
Wallace D'Wattles wrote a book in 1904 called "the science of getting rich" and in that book he said – the worse thing you can do is give money to poverty or poor people because it will keep them poor and the greatest thing you can do is teach poverty how to make money then they will believe it is possible … (the book is free in google search … )
Labor governments invest in poverty that is why we have gone from "credit" to 200 billion in debt …
aaaaaahhhhhhhhhhh
D
Hello Andrew u r an ASSET to this forum and what a wonderful company u r working for …
D
If it unique or spectacular in some way like ocean front or water views I would go for it BUT … put a shed on it and get some rental coming in … don't do what I did – by 5 acres in the whitsundays and no income for 20 years really really stupid !
D
Funny question, how long is a piece of string,
Suggest you employ and engineer and architect who is farmilar with the area … also go to the local council and get an opinion … this is why my husband and I now only develop flat lots … if u own a 1500 m/2 block on a 35 degree angle u will only get 700 m/2 of platform from it so I would rather buy an 800 m/2 in the same street and save a bucket lold of problems.
D good luck, been there done that aaahhhhhhh
Hello again Digger,
I have been investing for 25 years … how about you.
I learnt to trade the stock market years ago and my coach said all the statistics and rules I am teaching you will change when you start to invest with YOUR OWN money … GOD was he correct.
Walk to streets talk to 100 agents, talk to 100 accountants, talk to 100 solicitors, get a clear understanding not just from a few papers.
You are soooooooo correct there are tooooo many opinions that differ and thats because of a lack of true knowledge … look at the number of gurus who say OK we're on the bottom you can start buying … I have critized several on this site I even have all their old scpipt and it is a load of crap digger … I told one here to go back and read what he had written in his newsletters …
The deffinition of an economist is a person who can read the past … don't tell me what the stock market did last week or last month and how money I could have made … tell me about tomorrow and sign a person guarantee or buzz off …
Digger … things will get worse before they get better.
Are there bargins out there YOU BET.
Does what I say DON'T buy – NO … BUT now is the time to be EXTREEMLY fussy and pick the best then you will make millions …
D
Hi digger and oh dear i've done it again,
You read the papers yesterday and then today the story is different … so read more papers and not just Australian papers in the credit crisis.
Like him or not I tend to believe Harry Dents report that it is not over for Australia which is behind the world trends and his prediction is a drop between 35 – 55% … 55 I don't think so but 35 it can happen.
Inflation means higher interest rates and RISING prices and the lower end of the market cannot afford that – our own sub prime ? hhmmm is that probable I don't know but lets wait and see.
Ring McGrath real estate in Hunters Hill (top 5 best suburbs in Sydney) and go see the top end there around 4 – 7 million dollars now selling for around 40% off with no takers IT IS NOT rising it is still falling, the same as the Eastern side of pacific highway on the north shore and suburbs like Mosman – walk the streets and talk to real people not the papers who extract small amounts of news then rewrite their story a week later. One sells for a great price then all the news says that the recovery is back … c..p you need more than one to substantiate that prices are rising again.
Meriton, Australand, Stocklands, Mirvac and many more great companies are down on their figures why is that digger? … 20% of Australias population (baby boomers) start to retire in 2010 (5 million people digger) Banks are making it harder to get money, interest rates will rise fast over the next 18 months as said by our Mr Kevin Rudd who also said the worst is not over …. hhmmm what does he know that we don't … cost of living has gone through the roof go ask your mother how much she spends just to have a roof over your head and feed you each week … unemployment figures are getting worse hhmmm what does that mean to pricing and getting credit …. credit debt in Australia has hit 50 billion dollars the worst per head of population in the world … is this doom and gloom NO it's research and getting a true understanding to what is happening so I can make a better diecission about my future and giving advise to my clients which I am licensed to do.
If u knew me you would say what a positive and optimistic person but when you read text it's a different picture digger, I have many battle scars some wins and some losses and thast equals experience … I appreciate your comments very much I really do and I will pick up my act and be more accurate …
I would say that more than 80% of the gurus are not real millionaires and have no formal qualifications to give financial advise that's why TDFT are going through sprookers web sites of people who are not licensed giving advise on INVESTMENTS.
Is my prediction of 80% too high in my property performance hhmmm possibly … how many people are losing their homes and how many have negative equity still – ha they said that would never happen as well digger but it did and it will happen again soon with the first home owners when interest rates rise and petrol hits $1.50 a litre
I know 3 valuation companies who refuse to value first home owners homes because they believe they are 20% over priced, is that true and and are they correct lets wait and see, thats why the banks want savings history digger to make sure when the s..t hits the fan their lenders are a higher class of person than the USA sub primer, did you know or understand that one?. Did you read the FREE copy of the conspiracy of the rich by Robert Kiyoski?
Digger when the FHG is over what will happen to the building industry … do you understand how many good developers are going to the wall because the banks won't lend them money unless they have 90% pre sales ?? … yes demand is high but at what cost … Castle Hill (good average) in Sydney is hot around 400 – 600k but everything else is struggling UNLESS it is really good and that is where the bargins are … me got money this my offer you take or me go.
I'm old fashioned digger I believe a good real estate ASSET (not a liability) comes with walk rail, train, bus, Westfield, hospital, schools, childcare, medical, etc etc not speculating in country towns that if the sole industry closes so will you … look at the effect of some of the towns in USA where GM has pulled out … been there done that and not again … not all real estate doubles every 10 years.
D gosh I feel good today living in Sunny Sydney with my office view of the harbour bridge, i'm grateful, have a wonderful day.
Hello again EH,
Yes its an old belief but its a solid belief to have … we have made some huge losses in real estate, part of the experience however I'm into quality and not quantity just like my men hahahah …
D
Hi SNM and EH
Years ago my husband owned a property in Proserpine which took 2.5 years to sell so no more country towns for us …
Robert Kiyosaki talks about cash flow and thats our strategy …
Even if the property does not go up one cent in the next 10 years I will pay it off using rent and tax and my offset account so i'm in front … yes not the sexiest area but beats Tasmania haha and it's on the rail line from the Blue Mountains so lets see how much money I will make over the next 10 years compared to yr strategy.
Danielle. oh rents in outer Sydney to rise by 20% … yahoo thank you.
PS … I just bought 180k worth of silver so not all property is my focus and no I won't discuss my mineral investing strategies.
OMG simple is this here again?
Thank you … I specialize in research analysis … gurus don't like me because their predictions are based on self egos and over opinionated self worth … oh please pay me for every time I read "we are at the bottom of the market" …
There is amazing opportunities to make massive amounts of money in todays market and more away from real estate …
80% of property is not a good investment you need to be smart and you need to know the difference between an ASSET and a future LIABILITY.
And yes last week I exchanged on another positive cash flow property in Sydney walk rail shops and school.
My prediction for the records is that top end properties will come back another 30% approximately over the next 6 months … OK gurus tell me your name and tell us your prediction haha … lets have some fun … Australand have written down their property portfolio by 235 million dollars hmm why is that I wonder??????
D … Thanks Simple
You cannot expect to get a different result if you apply the same thinking that got you into trouble in the first place – Albert Einstein
Michalel you are so funny very good come back,
Please read the Australian newspaper today regarding rising interest rates.
Kevin Rudd has got it wrong and they are running out of ideas.
Harry Dent has predicted Australian property to drop by 35%.
Unemployment and company restructuring is getting worse.
Read the news and prepare for the future.
D
Interesting,
Hi Scott the agents fee works out to be about 2.75% including GST and today there is a fight to get listings so most agents are dropping down to 2% to get the business – not 5% as you state.
Marketing companies some licensed and some not charge $30 – $50,000.00 selling property which is coming under investigation by TDFT.
The normal split is 60/40% depending on how good you are as an agent and a sales person.
A good agent has HIGH selling and negotiating skills and it's a 7 day a week job … you have to smell deals, walks the streets, lots of due diligence …
Go and talk to 20 agents who are various stages in the business to see if it's what you really want, it's bl..dy hard work and lots of sales fall over.
D … Oh for all the information you need ring TDFT in yr state.
Hello all I don't this scheme at all,
The investor has to offer the property at a discounted price off a valued rent and then "negative gear" the short fall for the year then HOPEFULLY the government will pay the $8,000.00 quickly so lots of cash flow issues here.
This smells like housing commission to me because you are renting the properties to people who are desperate and probably will not look after the property … no thanks.
The properties are located in crap areas with terrible growth and toooooooo far away from bus, train, westfield, hospitals, schools etc … once again no thanks.
This will end up being another sub prime mess … HELLO where is the $8,000.00 coming from TAX PAYERS yes u and me … once again no thanks.
If it looks to good and sounds too good it's no bl..dy good in my books … so keep this on record and lets see where this goes … oh and as stated above what happens if you HAVE TO sell it before the 10 year period.
D
www.fahcsia.gov.au/sa/housing/progserv/…/nras/…/default.aspx
Yes agreed, what I did was spend quite a lot of time at the Westfield shopping center to judge the type of people that lived there, and I liked what I saw at Mt Druitt the best but agree still some rough areas to me country town population v's city town population.
D
Hi Tony,
Why Robina simply because of the new hospital and medical centers being pushed by the government.
D
Where ever you live there are dozens of great accountants in your local shopping centers I am sure …
MY advise go and meet/interview about 10 in your local area then chose one you like … we live in the 21st century and the majority of accountants today male and female are smart intelligent people trained to do their job well … today 98% is done on line so the ATO and the OSR will detect any cheats very quickly … I have 3 accountants in the building where I work and would gladly pick any one of them to do my books … good luck …
D
How can this idiot advise you to transfer money from a business account when he or she has no knowledge of how your accountant has structured your cash flows …
THIS IS WHY brokers must be licensed to give FINANCIAL advise sue the idiot
Get some good advise for gods sake I am sick of reading about basic stuff like this on this site … or are you plugging yourself as this is yr second post I am amusing this is yet another self plug … if it is it's about time admin sorted out the member criteria once and for all.
Why not give us the name of the broker or their email address or his business name and which bank they are representing then I will ring the bank and tell them how they are advising clients to get loan business aaahhhhhhhhh
D
Yes great post thankyou … definitely the future is away from shop fronts and agents windows as the future is with savvy intelligent information …
D
Yes people including myself are eager to buy good cash flow investments i agree.
I don't believe the market is getting better but I do agree it is a buyers market for building and creating assets for the next ten year cycle.
Queensland is have some terrible press lately and my advise is stay away from investment companies and construction loans but there are some desperate sellers and cheap buys in Southport and Robina which would be my two best choices.
My gut feel tells me Sydney within 200 meters of a train station and shopping centre because of the lack in supply and construction because of the credit crisis in development funding.
D
My other qualifications allow me to attain this already …
Hello PP,
Many people here will not respond to this as they believe they are above the law … there have been many threads regarding "advise" and qualifications … for more clarity call the department of fair trading in your state.
Also Tony Rizk at http://www.smartacademy.gov.au who is a licensed trainer call him
It is illegal for a real estate agent to give advise on investment property – that's why John McGrath doesn't do it because he abides by the law.
It is illegal for a mortgage broker or a finance company to sell real estate to their clients.
It is illegal for a person or company acting as a buyers group to sell investment property or source investment property without the proper authority.
It is elligal for a person standing on stage to give advise on investments without the proper qualifications.
"caveat emptor" look it up
The net is closing and I have as others have spoken of this in others areas of this forum … get a brain and get qualified so that you will have credibility and stand out in the pack.
I admire people like Peter Spann who began from humble beginnings and now is fully liciensed and compliant – if he can do it why not others, however most people are not up to Peters standards so chose your team carefully.
Also IPA investment property accreditation is coming in … TDFT have a huge list of people and companies POSING as "experts" giving advise …
News laws will be advised in August, and November this year … it's your choice who you align with and who you get advise from … ring the propery authorities and talk directly to them for the truth … good luck … yes I am qualified and I have been studing for over 13 years and hold several certificates.
Danielle.
