Nathan Birch

Nathan has done well, that is a fact, no matter @ what facts and figures you wish to believe.
The media can write whatever they like to write, it's their right and their job

Now, what you choose to read, interpret, and communicate your own opinion is also up to you.

My humble opinion; don't be a hater

 

Maybe add a few more dots,because at 30k turn the key on it would not take many months too get the 30k back..

 

What is wrong with such a property ?

 

Because the 7.5% otp already factors in negative gearing, depreciation, but excludes strata and other ongoing costs

 

LW, that is so right.

The negativity comes across as "the ugly green monster" rearing its head.

MTR

 

I agree he has most likely done a good result however when the sums don't add up and the advice of buy 4x 250k properties instead of 1M property as the 250k properties wont go down by 200k, these are direct words from his video he isn't comparing apples with apples.

I can put amazing spins on things to however my integrity wouldn't allow it.

 

Short term maybe nothing,but long term it does not matter what's sitting above the ground it's the sqm's you control below the building a lot of people think these days property investing is just another episode of little house on the prairie,ten year time your still sitting with all the other title holders.

 

Jealousy and skepticism are two very different things.

 

Absolutely Dave agree with you, and sometimes the scepticism is driven by underlying jealousy.

If he has achieved half of what has been reported I think we are looking at a success story, we can analyse it till the cows come home and as they say, there are two sides to the story and somewhere in the middle is the truth.

MTR

 

He has clearly done well and good on him.

I have always felt though that SS and now PC is mostly made up straight shooters who call it like they see it. There are a lot of people who have posted over the years about feeling his Map sessions are a waste of time, the deals he provided were garbage, his management agency is underwhelming etc. I'm in business and personally I couldn't treat people like chumps just to make money from them. If it means he has more "success" and money then me so be it but I sleep on a soft pillow at night knowing I got where I am and didn't leave a trail of mess behind me. To be fair to him from a business perspective I think you need to be a bit like how he plays it to really excel sometimes.

 

Don't know the guy other than what he posted on SS and what I've seen in the media either as provided by him, or written by them

He's done well in what he's achieved to date

Agree with MTR on the below

 

This thread makes me sad So much negativity and I also feel underline jealous tones in some of the posts. My opinion is that Nathan has been exceptionally successful, might not be 100% truthful, but that does not change the fact that he has done better than many of us combined.

I would hope that we could differentiate topics of his personal investment successes and forumites' opinions and experiences with his property related businesses and also respect everyone

 

Absolutely no jealousy here. I'd rather be poor and a good person than be a Nathan.

 

Normally I would agree Tillie but the difference with this particular person is that he has no compunction in having or allowing others to have a swipe at other people's success

When you open yourself up to public scrutiny and court the media attention for your own personal gains then you should not be surprised that people will delve into your claims.

 

Sorry, it's a bit hard to understand your replies without correct punctuation. After 10 years, assuming the market is alright, the value of the unit would have increased. And then you can do what one usually does with investment property. One would also have been able to utilize the cash flow during those 10 years. I don't see why such an investment is a bad idea. @Biz hasn't replied as to why he thinks its a bad idea so am guessing he just made that comment lightly.

I don't know if your comment was directed at me, but, I wish I could care a little about a TV show whose last episode aired before I was born. Do you have any recent references ?

 

Have to respectfully disagree......the real issue is integrity.

There is a old saying if you court the limelight...you also draw attention ...sometime good sometime bad. Please read the comments on the thread of the article on the new site. Some people are not happy with the services provided.

Great that he got out there and did something....but there is a line in business you DO NOT cross. When you do...you either get bad publicity or worse still maybe a jail sentence. I see this all the time....the temptation is always there...but in the end it is up to the individual.

 

No doubt he has been extremely successful, I don't think the comments have much to do with jealousy. Have you read the thread on SS regarding his PM business? If not have a read, I'm more concerned how fellow investors are treated rather than how many $$$ someone has made.

 

Yep, but what's weird, if someone post on another guru like S MCKnight for example we don't get a million posts about his integrity, and we know some of his products are dodgy at best

If an investor Makes a wrong decision who should they blame?



MTR

 

Yes....very interesting.....indeed.....I'll let you figure that one out...

 

The thread was started over a news.com.au advertorial for Binvested. If it was Steve McKnight or someone equally high profile was posting the same thing on a news.com.au advertorial we would be having the same analysis and picking apart of the numbers.

SS/PC are generally a financially educated lot and can smell spruiking and number BS from a mile away. This time it was Nathan, next time it will probably be someone else.