Forum Replies Created
10% and 90% physiology
You hit the nail on the head … once you break through the fear barrier you are on the way … 1 – 2 – 10 – 20 properties is not about buying properties it is about developing a positive mind set for success …
Anthony Robbins … good luck and that feeling is still the same when you buy number 20 or a new car or a new suite or a etc
Fly like an eagle and stay away from energy suckers
Both sign … "at law" … and must be minuted …
I think you answered your own question ie 20% deposit plus costs …
You need to tell us about the IP and also your PPOR so we can see your picture clearer and give some better guidance
… good postHow long have you been in the business
What are your qualifications
Are you licensed to give me advise … show me yr certificates.
Are you registered with TDFT … MIAA … etc
Are you qualified to give advise on investment properties … not PS 146 or RS 146 –
What is your dealers license number
If something goes wrong can I have a copy of your insurance certificate.
Will you personally guarantee the figures and projections you are quoting
Can I get a better deal by going direct to the bank.
Do a search they have been spoken about here many times …
Yes of course the costs will go up,
Essential services … council costs … labour costs … super contributions … food … everything will be effected except for wages.
Affordability … is related to age group and financial position.
18 – 28 year olds with 20% deposit and savings history.
28 – 35 year olds married starting a family
35 – 50 year olds buying investment properties for retirement income.
Plus 55 developments.
Aged care costs up.
Don't forget the cost of health care and medical … young people on this site don't care about super of health but it is Australias major problem and someone has to pay for it.
Banks now lending only 50% against commercial properties … that means no or little faith in businesses.
If you work for a boss you are going backwards so you had better become a entrepreneur like Steve to get out of the rat race … is that right Steve …
I believe the bargains are in all cities but old suburbs near rail lines "golden Oldies" we are building 4 project homes next year on the north shore in Sydney and 2 in Brisbane under JVs with friends.
I also like old one bedroom apartments for renovation, in Parramatta in Sydney you can buy them for under 200k
Low end market will rise and the top end rich market will drop another 30% IMHO above 2 million dollars.
Thanks MP, wow lots of new people on this site all of a sudden,
Agree with your responses to a point.
Reading some one else course notes is not as powerful as being in the room … the whole effect is not there. Try and get Henry Kayes old course notes and there is nothing in Henry's that is not in todays presenters … nothing is new only the age of the presenters … Do you remember the Paul and Danny Hanna show with the Ferrari's and all the toys about 2 years ago ??
95% of people fail because they are so preconceived with learning all the secrets that they never get started "Robert Kiyosaki" quote.
Steve and Dave bought 130 properties in 3.5 years which is 65 each or 22 properties each per year for 3 years … most people see the 130 but I see the 22 as being more realistic … learn to break things down.
The only secret IMHO is what Anthony Robbins calls the MIND SET = what is in your head and do you believe you can do it.
Gerry Harvey was once worth nothing … Mark Bouris used to do car finance for a living … Robert Kiyosaki was a broke who wrote rich dad poor dad … Donald Trump was once in debt for billions of dollars … and the list goes on.
IT DOES NOT MATTER ABOUT THE COURSE but it does matter what is in your head and whether you believe you can do it.
Steve and Dave started from ZERO but they started and that is my point … reading books and course notes does not do it IMHO you have to be willing to PAY and participate.
I took my girls to A Date With Destiny last November with Tony Robbins – if you dont get your head right or you don't believe you can do it – you know what I mean, I want my girls to believe in themselves first.
The secret with all these people "Carley" "Steve" "Mark" "whoever" is that they are doing something BUT you will learn nothing or do nothing if you don not start to APPLY
Now I don't know if this is true but I heard that out of 3000 students in one presenters course not one of those students has done a deal … inside information … and I won't tell you what course BUT read and understand this that the one secret within all these courses is to excite and entice you to attend for free then slam you on the work shop and look at the failure rate NOT from the course or the presenters but from the attendees WHY because 1 … laziness 2 … Fear 3 … Belief 4 …
The story goes that only 1% will apply the principles that means there is a failure rate of 99%
At Tony Robbins seminar there was 2,500 people there so that means that only 25 will apply every day what thy learnt … myself and my girls read our DREAM cards out every single day I AM outstanding, admired and passionate in every way every day.
My suggestion is do not attend any course and pay 4 – 10,000.00 – learn about your weaknesses first and how to concur the demon within.
Do you believe you can build a property portfolio ?? if I sad do you believe you can own 2 properties in the next year "what do you think" if I said you can own 10 properties in the next year what do you think … and that is the difference in the MIND SET.
Good luck to every person here on this site to become a better person and fire your boss – retire young because it's too late when you are old to travel the world first class.
Dear QP,
1 … Pick up the phone and ring every single lawyer in Victoria, this is what an entrepreneur would do.
2 … Do Mark Roltons Options course and find out the $6,000.00 course charge is a cheap price to pay for experience and knowledge not to mention the time you are wasting currently.
3 … You must be willing to pay to learn.
4 … You could also ring Mark Rolton direct on his mobile, I have it but you will have to pay me to get it because I did his course and I learnt one thing from it that has earnt me over $40,000.00 and it wasn't doing property options, but the course sent me in a new direction so I am grateful for spending over $xxxx (got it for half price)
5 … try http://www.realestateedu.com.au they have some options stuff there as well.
6 … Have you rung Steve McKnight he must have access to good Vic lawyers to help you.
7 … It is not a task it is part of becoming educated, pick up the phone or try google there is nothing secret aboput options they have been around since the Roman days – an option gives you time – the options contract is an agreement in writing "at law" between two parties … it is just that simple.
Remember real estate is only made up of two parts "the land" and "what's on it"
Oh dear you need me again,
Firstly I suggest you get a good lawyer to talk to as part of your wealth team … what about trying a simultaneous settlement.
Or you can do Mark Roltons course and he will tell you how to do it all round Australia … probably get the agreements thrown in for doing the course.
Hi John good and interesting comments …
It is good to have the experience to look back and I was born in the 60s which is another generation again …
Yes prices going up because of civil works and labor costs not to mention materials for housing …
The only change over time in the last 10 – 20 -3- 40 – years is "times earning ratios"
In 1984 a friend of mines husband bought a waterfront property in Hunters Hill (5 Woolwich road) for $425,000.00 – oh his accountant told him he was a fool haha … his yearly wage then was about $70,000.00
Today the property is worth 8.5 million (has a new house on it now) and his salary is $170,000.00 ???
1 … what suburb
2 … why this choice …
3 … deposit stays in your solicitors account not theirs (in case they go broke)
4 … can u use a deposit bond …
5 …sign it and or nominee
6 … good luckThe only properties going up are the first home owners that 80% of valuers don't want to value … top end real estate in all cities are down 40% … yest some big prices are still coming in but only one or two …
In Hedges ave in the Gold Coast a 60 million dollar house just sold for 17 million …
Valuers are fire sailing properties at 80% true value to the banks … why is that?
H&L in Mackay that 12 months ago was selling for $520,000.00 by Choice Homes are now struggling to get $465,000.00 rents have dropped from 550.00 per week to 420 per week for a 4 bed DLUG
Black Beach and Plantation Palms on the North side are struggling …
Harvey Bay in QLD is in the s..t with heaps of mortgagee sales …
I can give you more if you want … ?????????? yep tims are good … ask a finance broker how their business is going today …
Yes those analyst are pretty stupid people …
The US market crashed because of "Derivatives" read the conspiracy of the rich …
IMHO I believe the problem today has nothing to do with supply and demand … it has nothing to do whether u r black or white or what part of the world you come from … IT HAS everything to do with idiots in government and big business raping and pillaging tax payers money (that is you and me)
The problem is the banks have a LACK of funds to borrow …
Yep i've got shares in LNG thank you very much … next 2 years will be interesting !!!
And the reason for that is you have no brain …
Quinn I gave you the name of a good contracts solicitor did you call him … ???
Why don't you try a new post darling ????? ddaaaahhhhhhh
Is this another self promotion or have I missed something … Caveat Emptor … Buyer beware.
Believe it or not I am an optimist …
But we need to hear all the truth and what the governments have done to us average people …
China and India are in a GOLD buying frenzy …the USD is dropping and their debt is in the trillions and they want to pass in senate to obtain more CREDIT …
Banks in Australia have tightened their belts beyond reason … McBank has stopped all commercial lending …
St Leonard's in Sydney vacancy rate is over 40% … take a brive and look at the signs …
Sydney builders are not producing stock …
6 Real Estate agents in Bowen, Mission Beach, Proserpine, Airlie Beach have gone to the wall and more to come …
Every business is watching their money and cutting costs …
Credit Card debt is over 50 billion dollars in Aus …
At the end of the day I want to make money for my future retirement and to help my children and I personally hate all this doom and gloom however with all of these signs you would have to be an idiot to say we are on the bottom or guess where the bottom is …
I know that Kiyosakis new book the conspiracy opens to a lot of questions … today i read a storey about the Roman empire in 215ad when they devalued silver … that was the end of the run foir them and many are saying that the USA is not far behind … invest in USA ?? you tell me because i'm stumped …
I can help you with the options contract but they are not free.
There are several types of options contracts – the names of these are irrelevant as they are derivatives of an agreement in one form or another.
Call contracts – put and call contracts – options contracts – yes the best Lawyer in my opinion is a guy on the Gold Coast at k2law called Peter Kumnick – use the code name Lemon cello and you will get a discount 07 5538 8300
In yesterdays paper REIN real estate investors network Jim Downes (a licensed agent) has been made to compensate one client 4,000.00 a month for making promises to figures that did not come true …
No body can predict the future … a real estate agent cannot give advise unless they have a special license.
Glen McGrath the x cricketer was the promoter "Spruker" for the company and has now left
How many people have said "the boom is over" or "we are officially on the bottom" or "now is definitely the time to buy.
