what do i learn after attend $100k seminar

@Lacrim - oops, I thought that you were after sweet spots in the swest.

 

lol.....you must be a comedian....did you even bother to look at the post date....

PS 1 on 1 meetings at a pre agreed amount.

 

Hahaha obviously not Thought the sw was done and dusted lol.

 

Yeah, it is now....not on the nose completely, but I see nothing stopping these drops continuing for quite some time.

I was looking around at some things yesterday online, and come across a few mortgagee in possession ads, so, buckle up I reckon, ride could get rough...

 

@thomas8888 - great post, thanks for sharing your thoughts.

So as per your recommended strategy to buy and hold properties in Sydney - if I had a budget of approx. $1.5m, and wanted to buy within the next 12-18 months (no rush), where in Sydney would you recommend I buy?

Also would you say 2 IPs worth $750K each / or IP #1 for $1m and IP #2 for $500K?

 

Pick your poison.....should all have similar result IMO. Before any gain you must learn about pain.......or so it seems

 

Wonderful and comprehensive post with most of the good, the bad and the ugly spruikers (should that read educators?) from the wonderful world of property seminars mentioned. With the exception of say Dymphna Boholt, Rick Otten and Steve McKnight you have done the seminar junkie thing and given yourself exposure to a wide variety of education in real estate without finding real estate Nivarna. Thanks for sharing your experience with us. It never ceases to amaze me how lucrative this circuit is. There is a endless stream of willing attendees and seemingly close relationships between some of the participants in the circuit. My problem is being too much of a tightarse to splash the cash.

 

$100k seminar? Lol no wonder guys who write book stuff like rich Dad o or Dad get rich

 

I meet Anthony Robbins once and attended one of his seminars in Sydney. It was either in 1991 or 92 and I was in my very early twenties.
I cannot say I took a great deal from it at the time or that my life would be any different today. But I enjoyed it, listened carefully and remember there was a very large audience on the day.

Could these people charging 100k offer you any more than I could ?

 

If we're talking AR, I'm certain he offers more than you could.

 

Hello Sackie, are you as certain as most experts are ?

I often see that many of these so called experts seem to get it wrong time and again. From the banks to the RBA, the ratings agency and everything in between. Many seem able to tell us all after the event but not so many can tell us before.

I do not know who you are referring to by AR, but I would be interested to know and will look at some of their work when I get a chance.

 

I actually learnt a lot just from this post, thanks to the original poster!!!

 

What those 1970 prices illustrate to me, that in the longggggggg term wherever you bought and held onto, even if you overpaid initially, you would be ahead today.

 

Wow, lots of money spent!
I am curious, did you at least invest into property at all since then?

 

Can we expect to achieve the same levels of growth going forward or if that is even possible ?

Prices from 1970 have risen 250 times. From say 5k in 1970, to 1.25 mil for the same property today. Wage growth has been quite large over this time, but can we expect wages to grow like they have since 1970 with so much cheap foreign labour today ?

Many things have changed since 1970, when all the Chinese did was grow rice and cattle and fish.

 

get your fact right, Chinese did first nuclear weapon test‎: ‎in 1964, launch first Satellite in 1970, during this time Australian john smith was making holdens in Adelaide

 

when I read all the post one by one, it amaze me what 100k mean to lot of people, I have no doubt if some of them lose 100k on

property investment is not equally to wealth creation, for me wealth creation is combination of business, property, Tax planning and asset protection, you can't became rich just by keep buying property, you need business give you cashflow and borrowing power, you need property to persevere your wealth, you need plan your tax to avoid wealth been transfer to government and you need right structure to protect your self from law suit

property alone can't make you rich, don't try to find a property give you good cashflow, excellent capital growth and cheap entry price, you will fall into regional town hot spot trap and stay F poor forever.

 

While most grew rice and cattle and fished.

There was a question there reguarding growth going forward in my post. Do you think this is possible as you did not even touch on that ?

 

you are right about wage growth's contribution toward to the growth of property price , but there are lot countries where people earning much less than Aussie, still have very high property price, in fact there are many factors can cause price to rise

1. Cheap credit

2. population growth

3. inflation

3. supply of land

4. oversea investment

if wage was main factor toward property growth, luxembourg should be having the most expensive property price in the world, it got highest average wage earning, but hong kong has the highest property price in the world

 

That does not answer the question as to whether we can achieve the same levels of growth going forward.