An old saying from business school.

The large goal confuses, the small goal excites.

In other words .. the large goal seems so huge that you hesitate at its ability to happen .. stumping yourself in the process.

The small goal .. tiddlywinks ! Can be done easily .. so it gets done. And you feel good for having achieved something.

So instead of…[Read more]

Incentivise !

Make the guys actually work for you and incorporate that into the commission structure !

You want it sold quicker and for that you are able to be more flexible on your allocation towards the agent.

So make him work for it .. extra incentives and commission bonuses if sold within a certain period !!!

It will get the agent to work…[Read more]

I agree with Nigel.

You alone know what your strengths and weaknesses are, and a mentor is only worth even approaching once you've decided what your first set of achievable goals are.

Its like a fitness class, some people want bigger biceps .. some want a six pack .. and others just want to look at fit women in the gymnasium while they exercise.…[Read more]

Freckle wrote:
Silver in US$ terms is up nearly 400% in the last 4 years.

Silver is up over the last 4 years for a good reason. People are nervous about investing in anything else .. especially with a president who successfully CONFISCATED Chrysler and flogged it to the Unions. That still doesnt make it a sound commodity.

Freckle wrote:
In…[Read more]

The price of rubber nose dongles is up.

Seriously .. with the price of rubber being pushed up by a lack of supply .. the price of rubber nose dongles .. has gone through the roof !

INVEST IN RUBBER NOSE DONGLES .. THE NEW TRADABLE CURRENCY OF THE 21st CENTURY !

sounds kinda ridiculous huh?

now substitute silver for the words RUBBER NOSE…[Read more]

People are still living with the idea that a trust is the mechanism it was pre 1990.

It really hasnt been a good mechanism for tax concession for about 25 years.

Thats not to rule out its overall purpose and OTHER reasons for having a trust over and above property in your name .. or a company name. But most of the real benefits have gradually…[Read more]

The answer is the same for any business you would go into.

Surround yourself with people who are knowledgable in their field, who are competant at what they do, who are willing to be challenged by circumstances and outcomes .. and who will work with you consistantly.

Property ownership, maintenance and renovations from your side of the equation…[Read more]

Jimsbomber,

The correct way to renovate is moving the category of the property you choose from, from its existing category .. to a category of greater value. And doing the most you can … and limiting your cost component.

I have turned away deals because the paper component meant too much to get a nice end result.

You are assuming here that by…[Read more]

Hello Kristina1980,

The answer is ANYONE can find properties that arent advertised.

Often when I have purchased into a project where the site value overrides the existing construction value, I will use a position of entry into the property and the body corp (in other words .. ownership of one or more of the properties onsite) to get an idea of…[Read more]

Aussie properties is way too broad an area to be that specific.

There are separate markets in every suburb. Some will progress quite nicely and others will remain stagnant. I have invested well at a 60% return in a single year where the margin of growth on the suburb was listed by the newspaper at close enough to 4% for the year.  So it still…[Read more]

Catalyst wrote:

Do you see any CG prospects there or are you happy with just the cash flow?

Albury remains a country town exposed to the rural elements .. however .. it has managed to substitute in a large sector from the Australian Tax Office .. which now headquarters there and is just expanding its premises at the moment.

It has a…[Read more]

Hello Waz,

Here is where your assessment of the market comes into play !

Take a look at the whole realestate.com.au (or similar) list of properties out on display in Griffith.

Notice anything?

No? Missed it?

Griffith is a regional RURAL based economy. (well .. sounds obvious .. ya?)

And there are a heck of a lot of farms up on the market at…[Read more]

I can tell you where i've been purchasing in the last year and a half .. simply because I get the returns i want.

Albury and its surrounding suburbs.

The returns range from 6.5%-8.2% depending on the property and position.

But considering you can get property there (rental property) under 100k with a 7% return .. its been good buying for…[Read more]

Ok quick calc on your current situation is .. 200k @ 5.25% you are getting about 10.5k gross on your current invested amount.

Be aware that this remains gross .. the income you receive from this is liable to bank account taxes .. government taxes and is finally treated once received by you .. as additional income.

So you may think you are…[Read more]

In answering thecrest,

To be honest .. I dont know where this property is precisely. As a general rule .. its three times easier for the landlord to approach a half-difficult tenancy with kid gloves, than the whole process of eviction .. loss of rent and even the possibility of damage due to ingratiated non-paying tenancies.

I've got one thing…[Read more]

This is where your art of negotiation comes into play. (remember me saying in previous posts it was important?)

First .. there is no reason for the owner to stick his head in at any time in the sequence. If you try to either throw your weight around .. talk tough or threaten .. well first of all thats bad negotiation .. second .. they have…[Read more]

Dumbest way to finance property.

No .. seriously .. its as dumb as they come.

One of the reasons that Germany has a low rate at the moment is because it is inherantly stable and cannot find lending partners due to the current EU crisis. One of the reasons we have a significantly higher rate at the moment is because we are not so badly affected…[Read more]

Some of the best places I have ever renovated upwards in value were 2 bedroom houses in good suburbs with large long blocks of land to work with.

The answer is yes .. you need not only to just plop extra bedrooms on .. but for each 2 extra bedrooms you need to add one toilet and possibly another bathroom (sub in a walk thru ensuite).

However if…[Read more]

AdisKay,

From having read your comment #15 i think you are missing the point.

What you are asking is how to do things to get to a certain point of finance.

And here is what i'm saying. By the time you get to that point of finance (unless you do it EXTREMELY quickly) your point of reference will be irrelevant. The money you would have wanted ..…[Read more]

Make sure your first car is a Ferrari.

Thats one way to learn how to handle a car and find out how expensive it is to crash.

Seriously .. if you think you are going to rip straight into a set of properties returning x% and make your first ludicrous amount of lucre (money) you are …. tasking yourself to the extreme.

Put yourself in the novice…[Read more]