Do you know any Big Hat no Cattle types?

I know a mate who kept hinting to his girlfriend who he'd be seeing for 6 months to maybe see a surgeon. She eventually started hinting back the same to him for a different body part lol.

 

Yep....some on here.

 

I actually meet Mark as he was standing down the back with some of Steve Navra,s team during a seminar Steve held at the Stanford in Brisbane many years ago..
He was not wearing a big hat or cowboy's boots seemed like a decent person ..
Thinking back I'm glad I walked out on that one ,as Steve said too me I can't help you just keep doing what your doing ,bought him a 10 dollar cigar and walked out..

 

Consider.... yourself ducking a bullet.

I went to Navra one on one consultation.....something did not gel and like you walked......back then I was easily influenced...now no way....lucky I guess.

 

Navra came to Perth, cant remember the year, went to his seminar. Charismatic guy

Sitting on a table with people who were retired and followed his investment model. Going on cruises, LOE my take on it? Shame, they have probably lost their shirt

Navra told my partner at the time we can retire, I disagreed with this assumption. We just walked away.

Also Some sort of scheme to reduce tax, dodgy???

Anyway the rest is history


Dodged a bullet

 

I think from memory sash on that day the first 4 rows of people could not sign up fast enough as the presentation was impressive
and as there was a very short question time near the end ,the few question's I asked during the sales pitch went unanswered ..
I had a one on one with Steve and one of his minders in the front bar of the Stanford as the team were signing the new investors..
Only went for a few minutes and the only question I asked was ..
What happens when it blows up and the way he answered that question finished it there and then..

 

I didn't realise that a lobotomy was elective surgery

 

@Piston_Broke is on to this….

 

Yep lemmings to the chop house.

Lot of BAs promoting their wares now are like this also..... I laugh at all the people getting to Commercial places.... we are overdue for a major business downturn. What happens then?

People are also not looking at the demographics impact of the Baby Boomers retiring...this is huge...yet people keep doing the same thing over and over...

 

Yes, the flavour of the month yet few mention risk. Not many understand commercial either. Been there, seen dat - single assets can sit vacant for 12 months + regardless of retail, commercial or industrial.

One saving grace has been the removal of many suburban CBD offices and conversion to residential reducing the pool of space with no replacement. Then you add WFH, further reducing demand. When real demand reduces, how are they going to be placed?

 

Yep...und I think I can recall are you in the Commercial leasing game?

 

Yes it is LoL

I'm not allowed to comment on weird cash bonds, rental realities and dollar costing watevas...

For my next commercial project I'm building an international airport out in the boondocks western suburbs.
It will also house a SpaceX launchpad and a 2500MW underground battery.
I like to give back and help others so I'm thinking of selling some shares in it maybe soon.

 

Moreso as a PM & asset manager amongst other things.

 

If you are saying this then people should stop listening to spruikers.....a lot of people are going to be in a world of hurt..I see a major downturn coming. I plan to have cash to take opportunities when this eventuates.

 

I'm another that had a one on one with him & walked, should I say RAN, away.

 

Geez too many bullets missed....

Was that in his North Sydney offices on the Pacific Highway from memory?

 

People will be burnt, 3rd degree & full depth. About 8 - 10 years ago, I traded off a 3 yr option for a 10% rent reduction & an extra year on a lease so that the owner could gain a favourable review on their commercial loan. If we'd settled for our original offer of 1+1+1, the bank wouldn't agree to continue to extend finance. It was better for the lessor to keep it leased with a 2 yr lease than for us to walk. The rent reduction was a sweetener

 

Yep...lots of people falling for the commercial angle by certain buyers agents a lot are first time CIP owners...they do not understand the pitfalls like loans being called in .....

 

In the words of Kenny Rogers & "The Gambler"...

You've gotta know when to hold 'em.
Know when to fold 'em.
Know when to walk away.
Know when to run.

 

100%...... ...I hope people have found an ACE they can keep.... most people count at the table there is time enough for counting when the dealing is done.