Whats the worse that could happen, you'd get drunk and fall asleep behind the bar. You might find owning it is easier than you think.
Sorry to be blunt, no offense intended, but what brings you to a forum where that topic is 85% of the discussion?
As an investor I base my decisions on the actual figures , not " sometimes more " . That makes sense to me . Rather than getting into a circular semantic arguement ( in which you will loose credibility in this situation ... ) why don't you address my previous reply . Cliff
None taken, I found the forum and had a look around. There was a commercial topic, but not much action, so time will tell.
Ditto . Having said that , there are many investors who are keen to explore alternative ways of investing . I'm not one of those l and that conservatism has worked for me . There have been several people here who have promoted faster ways to accelerate growth and one in particular caused significant financial stress to many forum members . Interested but sceptical . You need to convince us , and if you're not interested in spending time doing that , in particular as you seem to be leading up to promoting your business , and your not a business member , you'll find your stay maybe fairly short before the moderators ban you . Sim has put time and money into setting this forum up for the benefit of everyone , and I'm happy to support that by paying for a membership . Cliff
To be fair - we DO have a commercial property section and people are quite welcome to post there even if they don't believe that residential property is worth their time. Just so long as they don't "Do a Dazz" and start posting in threads about residential property about how bad residential property is and how good commercial property is. We could do with more discussion in the commercial section - especially from people who have experience with that sector!
I've seen the commercial section, it's just a little bit quiet. I'll slowly work my way through it and reply to a thread if it has merit.
Hi Burnett Group Thanks for trying - really. Some of us are actually interested in getting superior returns than those available from the garden variety RIP. But as is abundantly clear from this thread, most don't want to hear it, are happy in their niche and don't appreciate people pointing out that there is actually a big, wide world of investing out there... Unfortunately, on this forum and those which have gone before, pointing out the downsides of RIP investing will earn you a ban (as Sim has so eloquently described above), while pointing out the downsides of CIP investing earns you kudos and high fives all around. It's just the way it is. I have given up fighting it myself... among others who have similar success to that which you claim. In our own ways, we have learnt to concentrate our efforts elsewhere...
Tell us more about some of your acquisitions @BurnettGroup. Done many options for land subdivisions and development of house and land packages? I know there is plenty to be made from these kind of deals and minimal risk if you do your homework.
That's rather a misrepresentation of what happened. We're specifically referring to the user "Dazz" on Somersoft who was banned for abusing other members and for trolling posts with his constant negativity towards residential property investment. He was not banned for "pointing out the downsides" as you put it - it went way beyond that. I had hoped we could put all that behind us and move on like adults rather than sulking about stuff that happened several years ago. I welcome and encourage posts about commercial property investment here. If you feel anyone is being unreasonably aggressive in their negativity towards it - feel free to report them and I will take a look.
@HiEquity I think you will find that there are quite a few forum members who are quietly delving into CIPs, without necessarily posting a lot about them. Personally, I would love to see more CIP posts. I miss the constructive and informative side of Dazz's postings, although I could have done without the holier-than-thou attitude. Sadly, all I've seen from BurnettGroup so far is the attitude, but absolutely no substance (yet?). I do hope that changes.
I'm also interested in CIP. Its good to have options, and its a whole other world, quite different to RIP.
There are people that have done it for years (with great success) with house and land packages. Even developers use it to this day. Your correct, that if you do your homework, it will work. I have around 11 - 15 different contracts made up of various clauses to potentially get the deal across the line. But when it comes to choosing, what I think is the perfect contract, I still end up making changes and adding / deleting clauses.
Don't take this the wrong way, but "you need to get an attitude" if you want to survive in the property world. If you have one and it gets the deals done, then it's worked. It also helps when others come up against you in competition with purchasing. As for forums, as soon as a new member joins up, all so-called 9000 admins and mods come out of the woodwork putting their 5 cents worth in. 8000 of the 9000 make out they own the site.
All I can say is what Simon said to me, use the ignore button, I have about 15 at the moment, my aim is 20 for October. If you want to know about commercial, then I'm sure there are others besides myself that can answer a question. Forget about those who wish to concentrate on IP etc and focus on what you want, not what others tell you to focus on. I'm not an IP person, I have no interest in it, it's not that I don't like it, it's just not my cup of tea.
