Forum Replies Created
There is a free on line (C) course at http://www.realestateedu.com.au …
Interest rates will not go up for a while IMHO … the RBA has stuffed up big time.
Rents will not go up a great deal because the average wage earner cannot afford to pay for them … rents in QLD are dropping folks.
In Mackay 12 moths ago new 4 bed houses were selling for $525K at Blacks beach now they are going for $450K — ah thats a drop ladies and gentleman …
Markets change … Bowen, Whitsunday and many other areas are falling apart … people can only afford what they can pay … water finds it's own level.
Melbourne is like QLD 2 years ago … all markets correct …
A friend bought a duplex in Mackay 2 years ago for $740K renting for $940.00 per week … today they can't get 700K for it and the rent has dropped to 300.00 each or 600.00 for 2 … but the commercial is going OK
Stay away from marketing companies and unlicensed sales people … they will lose your money.
Yes the bottom prices in the market under ONE million dollars is hot … but ask agents in affluent areas who they are going … ??
Does the same as Jan Somers PIA but with pictures …
If the average house price went up in Australia to ONE million dollars and wages stayed the same as it does who will the buyers be and who would be able to afford the rents
ROI = 0
Is this another plant for a free plug …
Admin why don't you fix this …
Why deal with a company who can't even put together a professional web site.
A web site is the front door of your business … if you walk into an empty shop with shelves hanging off the walls would you stay or go ??
It's very risky doing an option on a property that has a debt on it … I would pay for the mortgage payments on the deal if the option deal is profitable enough … as Matt said it is all about the option contract and how it is structured or worded …
We are doing an option for $850K on 87 acres and will sell it within a year for $2.5 million.
Sounds like you need an adviser or a good accountant …
How old is it …
Now where is that Rocho ??
Hello again rocho … I spoke with a colleague in Perth who agrees with me that he believes there is better buying closer into Perth than Carina in Queensland given the same numbers … most people like investing where they live and that is why I was asking the above question …
Why seek out Metropole when you can do better where you live, better growth closer to the CBD and higher yields ?? and save over $10,000.00 in fees
Hahahah u r sooooooooo funny wolfe
It is amazing how the market is changing every month and week when it comes to money … commercial 50% and development finance I am giving up on for 12 months and working on renos and knock downs of res A
Hi Surralist,
Have you read Robert Kiyosakis new book … Conspiracy … we are being sucked in by the government and the poor people have NO SAY in our lives … they SPEND and we PAY for it in our TAX money … then every thing goes up and we PAY again … AFG are down 1.4 billion in a month from loans
LOOK at the signs on the streets people AFG said that real estate is NOT performing as the news says it is that is the conspiracy we are suckers and are being controlled by politicians who couldn't run a corner store and make a profit.
aaaahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
Hello GP,
I am up to module 4 … presentation is full colour and I have printed it out into a nice display folder … yes it is free hope there is no catch or surprises but the info is first class and nothing to lose … how far have you got to GP.
Hello Matt007
Don't know if it is true but I believe that the Jamie McIntyre group of 21Century and Massland are now in partnership and Jamie is running the telemarketing from the Massland head quarters.
Usually when partnerships are formed it is because business is struggling …
Hello Rocho,
Carina is a good area … 728m/2 at $453,000.00 … can I ask what street, the reason is I am asking is purely from a research point of view … why second hand in an established area in another state when you can do the same where you live closer in to the Perth CBD
Is it within 300 meters from bus, train, schools, shopping center, commercial, other
The 2 hour FREE course is intended to get you totally excited to attend the full paying day event … how these presenters or promotions companies work is they get several people to talk on a variety of topics over a day and then you decide who you like and which program you want to pay for.
The company then gets a fee from each presenter … you will not learn the secrets in 2 hours … it is about the story of the carrot and the donkey.
In the old days you payed between $30.00 – $195.00 for an introduction seminar that upsold their course … then the numbers of people attending dropped and now they team together until the next strategy … it is a business like all others.
Dear Pieta,
If you are after a very good solicitor to do options contracts, JV agreements, simultaneous agreements, splitter contracts, delayed contracts, etc then Peter Kumnick of k2Law is the man …
I appreciate that many people who are on this forum are after FREE stuff however remember that these agreements are copyright at law to that solicitor in question so act with integrity and be prepared to pay … no professional person will give these away for free as it is their intellectual property … Peters number is 07 5538 8300 … remember you are talking to a solicitor not a plumber, no disrespect intended.
I have been reading with interest about Massland … if a person or company representing to the public they are worth 500 million dollars either on stage or on a web site then you have a right at law to contact the ACCC and they will take the issue up with that person or company under section 52 "misleading and deceptive information" you can also contact the ASIC … you must be very careful what you put on your web site and what you say on stage …
I really don't know why people pay $6,000.00 to attend a seminar to learn about optioning real estate … an OPTION is a derivative of an "agreement" same as JV partnerships – tennants in common – simullaneous – etc … an OPTION is an agreement granting time … you may as well call it a "Time" contract it is the same thing.
One hour with Peter Kumnick solicitor at $500.00 is better spent IMHO … it does not matter what you call the agreement at the end of the day it is a discussion in writing between two parties … An understanding.
Mark says he used to clean windows for a living and Carly left home and traveled the world before 20 … to me it is a story of the porper done good … I am sure both of these current flavours of the month are full of integrity and are willing to disclose their real deals in the interest of the public.What I enjoy from this forum is that there are several people here that are doing better than the spruikers and possibly have more knowledge … get to know the people on this forum who are real and have a clean history and learn from them IMHO …
If you understand clearly what a contract is then all other names given to a contract are a "derivative" … folks it is just that simple … there is no SECRET and it doesn't matter what you call the contract … it is an agreement to buy real estate in "one form or another" the only difference is "who wrote it" ie; what solicuitor.
Good luck to you all … one month gone and 11 to go before Christmas
Hi Steve …
There are LOTS of people who do these courses but has there been one person who reads this blog that has done the course and has actually done one deal or put a deal through Massland with success.
If you read the web site he eludes that he has done over 500 million in projects that are listed on his site … are these his or is this misleading.
I think it should be law set by TDFT or ACCC that any presenter "Proves" their wealth to be a wealth coach … Steve and Dave bought 130 properties in 3.5 years and can prove it so why don't the others … a millionaire today is worth about 10 million dollars so if these people profess to be self made millionaires then show us the money … ??
Steve do you think your 5k was well invested or was it more like a Tony Robbins seminar with property content mixed in ??
Thank you rocho for your great response and positive feed back,
So you bought a second hand property ?? and all they got was the 2% buyers agency fee ?? and they arranged it to be painted and cleaned and then got the tenant ?? (how bad a condition was it when you saw it??)
Sounds like a lot of work for 2% commission … did they find it on realestate.com.au or was it an onsale or optioned property …land size and distance from CBD is very good … what suburb ??
"On the advise of the agent" did the agent hold an advisers certificate or just a LREA …
Very good 8
Make sure that the "buyers agent" is in fact a licensed real estate agent as well and not working as a scout under an agents license …
Make sure that the buyers agent can PROVE that they personally own multiple properties and are well versed with at least 5 years experience in real estate.
Make sure the buyers agent is not a mortgage broker working as a buyers agent selling "specific" stock for a marketing group.
Ring up the local DTF and give the details of the license to get a history check on that person …
Remember a buyers agent does not mean they are "IPA investment property accredited" or LREA … it simply means they 90% are working under someones elses license selling that persons listings and they are not permitted to give advise unless they have further qualifications.
Caveat empthor …
Thank you "simple" my old friend and we are still here …
Yes it has been an interesting 3 years since I started this post …
I think the RBA made the correct the decision and I backed it that they wouldn't …
Next challenge is LVR coming down to 80% away from the 110% loans 3 years ago and the rising cost of first homes and lack of confidence of valuers … remember a property cycle can be flat for 8 years so maybe we have 5 years of no boom like 2003 – 2007
Time will tell.
