All Topics / Finance / How Do You Become A Money Magnet?

Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of JLtarraJLtarra
    Participant
    @jltarra
    Join Date: 2004
    Post Count: 90

    Hi there everyone,

    I'm after ideas your willing to share on becoming a money magnet.

    I am a developer.  I mainly do land sub-divisions and are getting frustrated with the limits of the banks lending system.

    It is time the I expand my business and use Money Partners and/or JVs?

    My question is how do you attract them?

    How do you sell your investment to investors as a safe one?

    Thanks in Advance

    John

    Profile photo of ducksterduckster
    Participant
    @duckster
    Join Date: 2004
    Post Count: 1,674

    Your problem is that you are not allowed to advertise for joint ventures because of ASIC. You are only allowed to approach 5 people a year I think was the rule unless you submit a propectus that is approved by ASIC.

    I have thought about this problem myself as I have limited income and realise I will have trouble affording property on my own.

    I have thought up this possible method.
    I would attend property investor meetings and get to know other investors.
    If you are in Melbourne see https://www.propertyinvesting.com/forums/property-investing/general-property/4324824

    Profile photo of JulzJulz
    Member
    @julz
    Join Date: 2006
    Post Count: 3

    You could do the Money Magnet course advertised in the best seller section on the right of screen. Alternatively you could ask people you know without any paid advertising anywhere – try word of mouth it works quite well.
    Julz

    Profile photo of ducksterduckster
    Participant
    @duckster
    Join Date: 2004
    Post Count: 1,674

    The Money Magnet is from Brendan Nichols

    I have witnessed Brendan Nichols speaking at the Melbourne Property Investor Meetings and was impressed with what he was presenting.

    Profile photo of JLtarraJLtarra
    Participant
    @jltarra
    Join Date: 2004
    Post Count: 90

    Julz & Duckster,

    Thanks for you replies.

    I actually have done Brendan's Entrepreneurs Boot Camp which was fantastic and highly recommend it.

    Like you mentioned i have to ask, and word of mouth.

    John

    Profile photo of SavSav
    Participant
    @sav
    Join Date: 2008
    Post Count: 32
    JLtarra wrote:

    Im interested in joint ventures into property. Email me your plans to [email protected]

Viewing 6 posts - 1 through 6 (of 6 total)

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