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    Hi Sis – tell me about your stock experiences of late, and how are you going mate??

    Phil[biggrin]

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    Yep things are really bad – I just bought a DA approved site in Redcliffe for four houses at $440k + 4 x 4 bed houses turn key at $135k each that will resell each for $325 – $350k each.

    Thats about a $100k profit each or $400k for the four if I decide to sell them all or keep two brand new ones that will be +ve geared.

    Come on guys – look out side the box because one day you are going to spend the rest of your life in one.

    I love bad times because the inexperienced panic, this is where you get the opportunities, resiwealth is about to be launched.

    How’s life Mike ??? regards to all … Phil[weird]

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    Interesting however I still believe that QLD will be strong for us in Aus. The Bris to Gold Hwy will house another 1 million people over the next 10 years which to me means growth.

    Is there such an area inthe UK where this growth is reported. Some one some where is always making money in real eastate, the rich follow the trend while the poor focus in the wrong areas IMHO.

    Qld is warm and sunny with beautiful beaches and a coast line to die for. Migration and immagration are also strong. So my opinion is throw away those wollen jumpers and head down to the best country (and safe) in the world.

    regards Phil …

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    In the next 12 mts I would bet on, Ipswich, Redbank, Goodna, Inala … Phil

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    I have a friend who has a great saying …

    Heed the roar of the distant drums

    Phil

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    Suggest you go to http://www.accc.gov.au and http://www.asic.gov.au and the department of fair trading. Ask for the names of the directors and punch them in as well, only if you want to find out who you are dealing with, other wise you are on your own.

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    Spot on Mike … Phil

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    Hi Toni,

    I am doing a mixture of houses and duplexs plus whole sale land under put&call options direct to the public.

    I’m what ever you want me to be … Phil

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    A few points from my studies over the last 15 years is that profits are made over time and not over night.

    After a market has settled we can see that the properties will establish a more stable value. It is difficult to guess the true value on a rising market.

    Experience of making money in real estate is added by the fact that some properties will perform better than others over a 10 year period.

    In 1994 a friend of mine purchased a waterfront in Hunters Hill for $860k, in 2004 it was valued at $4.3m and still rising. The increase was with out any improvements made to the property.

    My point is as I have said before, better quality properties will perform to a greater extent over time. What ever your strategy and opinion is about property investment will be determined by your bank balance.

    Now (or the next 6 months) is the time to pick the winners for the next cycle IMHO.

    Philip

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    I am about to launch (sooooon) resiwealth.com 5 x cd’s 1 x dvd 30 modules, one folder, on line coaching, and chat room, full back up support over 1500 pages of info from Financial Planners/ Accountants/Goals Books etc etc etc

    What about the price … stay tuned … regards Phil

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    Hi Mike,

    I am paying $850.00 sq/m inclusive and i am doing about 12 per month.

    Regards Phil

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    Does the back block have any views???

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    Price to build $850.00 per/sq/m

    regards Phil

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    I would like to see the rates up to 10%, bring it on tomorrow.

    Phil

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    If u sell the land only u will be doing your self out of about $40,000.00 profit ????? hello !!!

    [email protected]

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    Una….. you r only looking at it from your experience, which is limited.

    There r theories and there r realities and in practice there is a major difference. Poor people think of gearing in a different way to rich people (top 2%)

    To get to the next level u need to think out side the square …

    Phil

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    I have the DVD and presentation on this subject if u r interested …

    [email protected]

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    There are some good and bad points here on a great thread.

    Lets look at the strategy of paying cash for the site from a developers point of view. With out writing another book on this subject it simply makes sence.

    Investors get returns and developers get rich. You should always try to pay cash for the site to reduce exposure and over borrowings.

    I don’t think these guys are dumb because this article says that their parents are strong investors as well. Because of this I fail to see how some of you, other than a lack of experience,assume that they could loose every thing.

    Now is the time to start developing again, money is in land, just ask Harry from Meriton. The hottest area I believe is Queensland for developing, based on the research my property analayst department is producing.

    As to doing deals with family and friends, I have noticed that wealthy people stick close to each other. There are more arguements between unsophisticated relationships, because of greed and mistrust, than the other way.

    Phil

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    Be patient!!!!!!!!!!

    If the numbers don’t work don’t do it.

    See an architect.

    Pay for advise.

    Run it by an accountant.

    Be prepared to lose your house if you stuff up.

    Resiwealth … Phil

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    If these people are trying to entice you why not have some fun with them.

    I would ask them around for an interview, then get them to sign a letter that they guarantee they have a genuine buyer.

    If they say they don’t then tell them you are going to report them to the department of fair trading for “misleading and deceptive information”

    solution; no more box drops!!

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