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  1. #21
    Join Date
    Jun 2004
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    10,415

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    Quote Originally Posted by lewyh View Post
    However, I'd love any advice seasoned investors can offer - mistakes they've made, how you think the markets move, strategies or resources you use, etc...
    This is a property forum - I think you want a share trading forum.

  2. #22

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    Can anyone give some feedback on how this went last night. Really wanted to make it but couldn't get down from Auckland. Some of the Apia evens are filmed and put online, hoping this one was too...

  3. #23
    Join Date
    Dec 2003
    Location
    Hawkes Bay
    Posts
    1,738

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    Quote Originally Posted by jimO View Post
    easy to get money when you already have money
    Jim O, that's a poor persons perspective - it takes money to make money.

    The more financial intelligence you have, the less money you need to make money. But with low financial intelligence, it takes a lot if money to make a little bit and often end up losing it. Has nothing to do with having it in order to make it.

  4. #24
    Join Date
    Dec 2003
    Location
    Hawkes Bay
    Posts
    1,738

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    Quote Originally Posted by Damap View Post
    Yes to call that retired is quite funny. He works harder than most people you can be sure of that!
    Hi Damap

    Maybe in the earlier days, but definitely not these days. I talked about that last night actually, the 21 buy and holds took a lot less than 100 hours in total over the year to organise and set up. That will in turn create $3 million (in todays values) worth of freehold property and approx. $19k cash flow a month in 20 years time.

    A lot of people (like Jim O) want to get there now without doing all the learning and hard work at the beginning. Making all the good connections and building a team of people around you to help you achieve what you are wanting. It's a bit like a plane taking off on the run-way. It needs a lot of power and energy to get it moving and get off the ground, and it's not until it reaches altitude that the throttle can be pulled back and then it is easy. Most people want to be at altitude by short cutting it all, without doing any of the work required in the beginning.

    This year I'm taking it easy, doing some travelling in NZ and overseas and also helping other local investors with what they want to achieve. A group of 80 HB people I've been working with for about 8 months now for free, has been very rewarding.

  5. #25
    Join Date
    May 2007
    Location
    Hamilton
    Posts
    3,613

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    Quote Originally Posted by jrad View Post
    Can anyone give some feedback on how this went last night. Really wanted to make it but couldn't get down from Auckland. Some of the Apia evens are filmed and put online, hoping this one was too...
    Hi jrad,

    Yes went really well and I really enjoyed it. The two best points for me
    1) hearing Graeme's rules on buying over the last year
    2) a negotiation strategy that he uses

    If you give me an email or a PM with your email address, I might be nice and email you my notes from the night. They are pretty simple notes, but you should still pick up some good points from them.

    Ross
    More Profit from Property? TEACH ME MORE
    Ross Barnett - Coombe Smith Property Accountants
    Proud to give the best property advice for over 13 years.

  6. #26
    Join Date
    Dec 2003
    Location
    Hawkes Bay
    Posts
    1,738

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    Thanks Ross

    Was a really good evening, with lots of questions which I always welcome as it gives a lot more interaction with the audience.

    You have a great PIA there Ross, lots of interesting people out there doing it and wanting to learn.

    Graeme

  7. #27
    Join Date
    Sep 2011
    Location
    Dunedin
    Posts
    1,683

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    Quote Originally Posted by orion View Post
    A lot of people (like Jim O) want to get there now without doing all the learning and hard work at the beginning.
    dont bring me into it im happy to work till i die, i have had a rental for over 10 years with a elderly tenant that pays no rent and has never paid, and never will and this week im spending several thousand on a new bathroom im not in it for the money...........my point about being easy to get money if you have money was if you were johhnny no name just a regular [email protected]$tkikker there is no way the bank or whoever was lending the cash would let you do what you did, but they all know your some big shot landlord with millions behind you
    Last edited by donna; 13-03-2015 at 03:26 PM.

  8. #28
    Join Date
    Sep 2008
    Posts
    7,581

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    the forum now blessed

    with 2

    snide boys

    snide
    snʌɪd/
    adjective




    noun informal


    • 1.
      an unpleasant or underhand person.
      "he's not a snide, he's better than most"


    Last edited by eri; 12-03-2015 at 06:43 PM.
    have you defeated them?
    your demons

  9. #29
    Join Date
    Dec 2003
    Location
    Hawkes Bay
    Posts
    1,738

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    Quote Originally Posted by jimO View Post
    my point about being easy to get money if you have money was if you were johhnny no name just a regular [email protected]$kikker there is no way the bank or whoever was lending the cash would let you do what you did, but they all know your some big shot landlord with millions behind you
    That may be the case now, but wasn't that way in the beginning. I had no money, then lost $40k on my 1st deal which I sold 7 years later, leaving me with nothing again.
    I learnt a lot from it, but even a few years later could not get finance for 2 years from 1998 - 2000 when I didn't have a job or any income. Was persistence and determination for those two years that did it, not giving up or being a victim about it.
    Last edited by donna; 13-03-2015 at 03:26 PM.

  10. #30
    Join Date
    Jun 2004
    Posts
    10,415

    Default

    Orion started as a johhnny no name regular shitkikker and worked to get where he is now - others can do the same.
    They may not do it as fast but they can get there.

    It really annoys me when people say 'you're lucky to have xxx' - luck had nothing to do with it.
    I have what I have because I made decisions and choises along the way.

    Good on you, though, jimO for knowing what you want and being comfortable with what you have.
    It's wanting what others have (envy) that causes a lot of the issues around today.
    Is the elderly tenant a relative or just some very lucky recipient of your generosity?
    Giving back is a great pleasure.


 

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