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thanks for the info. i will check out montessori
thinking outside the square is definately a good start. both my husband and i spent 10 years at uni getting PhDs that led to jobs in research where we would spend 14 hours a day thinking of the next ground breaking medical breakthrough. although we are glad we have been there and done that, we are also gratefull to be out of it and making more money in property by working a fraction of the time.what i would love for my kids is to distinguish the difference between academic and financial education, during uni, we were not even aware that the latter even existed!!!
as for the rich dad board games, we have them
all (even the kids one), they are great fun especially if you have like-minded friends.thanks for your help once again [
]Hi Marco, my meeting is on the 24th too [
]hi fullout, congratulations on your first property and on getting the investing bug. my god it is a GREAT feeling isnt it [
] people often say how scared they are, i find that i have been over the moon with excitement with every deal i make.dont worry about the numbers, thats what bank managers and mortgage brockers are for [^] if the new purchase is rented already, that will add to your income, go back to your financiers and see what you can get, you cant loose anything by trying. although, i might get scolded for saying this here, i do nothing down deals using existing eqity all the time [
]good luck
xeniathanks for the advice everyone, as i said, im not new to investing but am new to these space age ideas that are coming up in recent investment seminars and books. seems like i may be on the right track. [
]but you can never know enough in PI [
]thanks for the advice guys, i actually went to a seminar about property investing given by Robert Kiyosaki, very motivational and highly promotional of his own products (cant blame the guy for trying) anyone else go?
anyway, i met up with a group of accountants/finance advisors from the mint group in adelaide and consequently will be meeting with an accountant called Hank Wamsteker from pierie executive services, im told he is a PI and dosent sound half bad. anyone know of him or had any expereince with this group?
i’ll let you know how the meeting goes and what advice he can give me (i already know what i want to hear [
][])thanks saskatoon, i will try your conveyensor on my next property deal [
]just curious, but i just spent 3 years in saskatoon, canada doing medical research, my son was also born there [
][] any resemblence to your alias [?][?][?]yes, i agree with what Stephanie said, beach-front property is highly inflated compared to equivalent property that is not beach-front, the % rental returns also seem to be lower due to paying for the view and not the property. another problem that i see with the more expensive suburbs of adelaide which include beach fronts and eastern suburbs is that the older houses are redeveloped before they are sold which also inflates the prices. ie if someone spent $1000 to take out old carpet and polish up floorboards, the value of the house will inflate to more than the $1000 spent. hence as an investor i have been looking for properties in ORIGINAL condition, not redeveloped or enhanced in any way, i want to do all that myself once i buy the property. Such original properties are very hard to find in high capital growth areas [
]. agents actually tell the vendors to redevelop before sale[
!]still if you want to invest for capital growth east and beach side is the way to go in adelaide, they will however be negatively geared so adequate finance to support them is a must. have done this before and given enough time and the right area negative geared properties will revert to positive geared, not sure if this is a great investment tool though
at the moment, we are looking at positive geared properties and like Stephanie and Andrew S, i think northern inland suburbs may be the way to go [
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] people often say how scared they are, i find that i have been over the moon with excitement with every deal i make.
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]. agents actually tell the vendors to redevelop before sale
