seminar on capital growth

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geo
Member
@geo
Join Date: 2003
Post Count: 1,194
March 25, 2004 - 11:35 am
Hi to all,
just came back from a seminar by ‘Navigator’ – for all you who have heard about it. I didn’t like what the presenter was saying – mostly on Capital growth. One guy asked,
“So what do you think on positive cashflow?”
He answered:
“The real money is Capital growth – you go and get a property that returns 10 or 20 dollars a week – see how that will help you.”
If only this presenter knew that there were properties out there returning 50 and 60 and 70+ positive cashflow per week.
I went upto the guy that asked the question on pos. cashflow and said to him,
“You’ve got the right idea mate – keep going with this pos. cashflow”
His response – take a guess,
“Hey, you’ve read Steve McKinight’s book?”
My point is this – go to many seminars but be careful – the presenter kept speaking about capital growth in the Brisbane area but wasn’t too keen on pos. cashflow investments. If your goal is pos. cashflow properties and you end up going to a seminar like this that is all hyped up on Capital growth, my suggestion is learn from it but don’t be despair about pos. cashflow – there are heaps out there – go for it!
Kind Regards,
George.
If You never never ask, you’ll never never know”
yack
Member
@yack
Join Date: 2003
Post Count: 1,206
March 25, 2004 - 11:42 am
There is a tradeoff between positive cash flow and capital growth.
In the long term capital growth is what you need for asset growth.
What type of asset do you want – rural or city/suburb?
geo
Member
@geo
Join Date: 2003
Post Count: 1,194
March 25, 2004 - 11:50 am
They all go up in value – just not the same rate (cost and timeframe that is).
It’s not so much the issue of the greatest money return in the future. It’s a metter of wanting passive income now or in 10 years time. For those happy with their job – maybe good capital in 10 years time is best for you…
kind regards,
George.
If You never never ask, you’ll never never know”
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
March 26, 2004 - 2:09 am
Hi
I agree, it is capital growth that will make you rich. Even getting $70pw cashflow from a property is not much if it doesn’t increase in value.
It would be great if you could get both, and sometimes you can.
And you may not have to wait 10 years for growth. I know a few people who’s properties have doubled in 12 months.
Terryw
Discover Home Loans
North Sydney
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Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au