Company help you earn $50,000 ???? [Archive] - Somersoft Property Investment Forums

shayne

26-06-2003, 12:07 PM

Hi, I work for Superior Wealth Creation. Hopefully this may answer any queries that have been raised.

The comments regarding delays in finding properties under the banner of SFL were fair - since then we have put proper structures in place and now have about 200 clients Australia wide whom we have helped. Andrew Carr is the founder and the strategies that he used to create a net worth of $1.5m in 19 months when he was 24 are effectively the basis for the services we offer. We have been in operation for 6 years and only deal in Brisbane Property. Andrew is now 30 and his net worth is in 9 figures, based on his substantial property holdings.

In a nutshell we help clients build wealth through locating properties on their behalf that can have value added to them to create instant equity. This helps them create a property renovation business that is essentially passive and allows thme to enjopy the benfits of renovations etc without the hassle by leveraging our time and expertise.

Typically this is a cosmetic renovation (paint, render, new kitchen/bathroom, polish floors etc) and we can also facilitate the renovation on our clients behalf. As we have a number of projects on the go at any one time we get discounts on supplies etc which we pass on to our clients.

We charge a client joining fee of $5775 which includes finding the first property, on average about $3-4,000 to manage the renovation and for the next property we would charge a finders fee of $2750 and then the management fee. The projects we find make a net profit of $10-20k at the bottom end (net of all fees, costs including interest, legals etc) up to $50k or more.

As clients build wealth we help them with other strategies and some of them choose to work with Andrew in one on one basis.

As a guide we may take 6-8 weeks to find a suitable property for a client (sometimes a bit longer) but is now a lot better than the 6 montsh quoted in the earlier posts. We are typically getting properties in the $220- $350k range and the project cost is typically $30-50k depending on what is involved.

You can look at our web site www.superiorwealthcreation.com , email me at swhitehouse@superiorwealthcreation.com or call me on 07 3252 5500 if you would like to know more.

Aceyducey

26-06-2003, 06:45 PM

Paradox,

From reviewing their site & posts, I would say that their service is nothing that you cannot achieve yourself with a little effort.

It gets down to your confidence level and time :)

Personally I prefer to learn and do all that stuff myself as I get the value of the deep understanding and also get the margin that middlemen like Superior Wealth Creation charge in my pocket.

If you do work with them, make sure it is clear on paper what they are doing for you and that you have means of redress if they do not perform...same as any other business relationship really :)

Cheers,

Aceyducey

shayne

02-07-2003, 08:26 AM

Aceyducey,

Whilst I agree with your comments in general in every case there is the big question - do you have the time to do this yourself?

By building a team around you and using their services to leverage your time (the one thing we can't get more of) you can build a business that creates passive income from property renovations.

Yes we charge a fee for our services but if you could make $20k in 4 months without having to do a thing other than sign a few bits of paper would that be of interest? You could be renovating another property at the same time, working on your career, spending time with your family or practising your golf swing all whilst we are facilitating another project on your behalf.

Sure you may make more on your project by doing it yourself but for those who don't have the knowledge, expertise, inclination or time we provide a solution and $20-50k passive income per project (after all costs) is not a bad outcome. After all isn't the goal to make the money without the hassle?

Regards

Shayne Whitehouse

NigelW

02-07-2003, 08:56 AM

Originally posted by shayne
Aceyducey,

Whilst I agree with your comments in general in every case there is the big question - do you have the time to do this yourself?

By building a team around you and using their services to leverage your time (the one thing we can't get more of) you can build a business that creates passive income from property renovations.

Yes we charge a fee for our services but if you could make $20k in 4 months without having to do a thing other than sign a few bits of paper would that be of interest? You could be renovating another property at the same time, working on your career, spending time with your family or practising your golf swing all whilst we are facilitating another project on your behalf.

Sure you may make more on your project by doing it yourself but for those who don't have the knowledge, expertise, inclination or time we provide a solution and $20-50k passive income per project (after all costs) is not a bad outcome. After all isn't the goal to make the money without the hassle?

Regards

Shayne Whitehouse

Those are all fair comments Shayne. Ultimately it's a question of what the investor's preference is - hands on, hands off or somewhere in between. I pay for someone to iron my shirts...but I like to take a direct and active interest in my investments - but that's just my choice.

One query I would like to raise with you though is that you said:

Andrew is now 30 and his net worth is in 9 figures, based on his substantial property holdings

Now 9 figures is $100,000,000 ie one hundred million minimum net worth... :eek: phew! wouldn't that put Andrew into the BRW200 list (cut off was around $85m from memory...

sorry to be picky but I think you might have on too many zeroes there?!

N.

Aceyducey

02-07-2003, 09:35 AM

Replies below :)

Originally posted by shayne
do you have the time to do this yourself?

Yes I do. I have retired from the corporate world & do it full-time...

However you CAN do it part-time as well...particularly for one to one-and-a-half income families

By building a team around you and using their services to leverage your time (the one thing we can't get more of) you can build a business that creates passive income from property renovations.

True, but building a team CAN be taken too far...you have to remain in control of your own financial future, not hand it over to someone who has their own interests at heart.

Yes we charge a fee for our services but if you could make $20k in 4 months without having to do a thing other than sign a few bits of paper would that be of interest? You could be renovating another property at the same time, working on your career, spending time with your family or practising your golf swing all whilst we are facilitating another project on your behalf.

$20K in four months is a waste of time. I prefer to make $100K in four months by self-renovating one property.

Based on the time I spend actually renovating, it is quite feasible to have several projects running concurrently & still spend more time with my family than I would working (or playing golf) - I still don't see the value proposition.

Sure you may make more on your project by doing it yourself but for those who don't have the knowledge, expertise, inclination or time we provide a solution and $20-50k passive income per project (after all costs) is not a bad outcome. After all isn't the goal to make the money without the hassle?

Knowledge & expertise can be learnt....I've learnt everything I know! Every reno I do I learn more.

Going into a project without understanding the details makes you very vulnerable towards those who do, but have their own agendas.

If your inclination is not in renos, don't do them!!!
Go do what your inclination tells you to do - it is possible to make money in virtually anything, if you enjoy what you do you you are more likely to be successful at it.

'20-50K passive income' - don't you mean capital gain?
To transform this into passive income involves either selling the property (and facing tax implications plus loss of ongoing rental income and future CG) OR borrowing against the gain - 'eating' your equity.

If this is the advice you give clients I would be very cautious of ever dealing with your organisation...it is not well-thought out and is inaccurate.

BTW - the goal is NOT to make money without hassle....There are ALWAYS hassles (sometimes greater ones when you are relying on others to do the work on your behalf & you don't understand what they are doing, what it should cost or how long it should take).

The goal is to build a sustainable asset base that delivers an ongoing passive income.

Getting others to build your asset base for you is a very risky approach - you are relying on their financial considerations to match your own, and frequently this is not the case.

Cheers,

Aceyducey

paradox

02-07-2003, 11:30 AM

Thanks everybody for the responses to my post.

While I agree with Aceyducey's view that the ideal way for someone to do it would be to learn and do it all by him/herself, I can see the value of using a company like the SWC. Afterall, nobody can do it all by him/herself. As Nigel has posted: it probably comes down to a matter of preference for the investor. Some of the situations I can see where using a service like the SWC are when the investor:

-lives remotely away from the city
-just doesn't have the time or the inclination to do the renovation him/herself
-is new to renovation and use the SWC as a stepping stone to learn more
-can leaverage the effort and time by having more projects going at the same time
-want to concentrate on areas where he/she is good at and ultilize comparative advantage of someone else

I would love to be able to do it all myself to reap every bits of profit. But living 1000km away, working full time as well as studying in a course and heavily involved in trading, it just hasn't worked for me. It is not so much a question of making $20,000 through SWC or $100000 by myself but rather $20000 or nothing at all!

I guess then it does come down to the question of whether SWC can deliver what they have promised. As Aceyducey has said, one has to be careful as nobody else would ever have the same financial consideration as you do, and hence Caveat Emptor! But then again the same holds true for even just hiring a painter. I sometimes have to remind myself not to become overly cynical about everybody else.

Would Shayne be able to comment on how SWC can safeguard the interest of the investor? Can you provide us with a detail list of conditions of the agreement including the strength of your team(including the builders, trades people, purchase team...etc)?

shayne

02-07-2003, 12:30 PM

Originally posted by NigelW
One query I would like to raise with you though is that you said:

Now 9 figures is $100,000,000 ie one hundred million minimum net worth... :eek: phew! wouldn't that put Andrew into the BRW200 list (cut off was around $85m from memory...

sorry to be picky but I think you might have on too many zeroes there?!

N.

Nigel - No, right number of zeroes.

shayne

02-07-2003, 12:48 PM

Originally posted by paradox

Would Shayne be able to comment on how SWC can safeguard the interest of the investor? Can you provide us with a detail list of conditions of the agreement including the strength of your team(including the builders, trades people, purchase team...etc)? [/B]

Paradox

In short we don't guarantee anything but as we have grown through word of mouth referrals and people's experience with us as well as having done this for six years the proof of returns can be verified by looking at results on our web site or if you want to email me at swhitehouse@superiorwealthcreation.com I will let you talk to some of our clients.

All our team are property investors and most were clients of SWC before they joined as staff. On my own I made about $250k from property last year - this year I will use SWC's strategies and services to make about 3 times that with a lot less work. I have 3 kids under the age of 4 and I'd rather be spending time with them than scraping off old paint.

We can not guarantee anything as after all we can't predict the future. We can be realistically conservative but we don't determine the sales price - we can estimate it but the market and your psychology (ie whether you take the first offer or not) determine what a property will sell for.

We comply with all regulations etc and the builders and tradespeople we use are all licenced. Our renovations are of a high standard as strategies can change from trick and flick to trick and hold (as most of our clients are doing now ).

Aceyducey's commenst are all fair but in some ways doing it his way is that he's bought himself a job ie if he stops renovating himself he stops making $$. Our solution is passive income from what is essentially a "hands on" property strategy of adding value to properties and creating equity growth irrespective of market conditions.

If you or anyone else is interested in talking further call me on 07 3252 5500.

Regards

Shayne Whitehouse

shayne

02-07-2003, 01:14 PM

[QUOTE]Originally posted by Aceyducey
[
"However you CAN do it part-time as well...particularly for one to one-and-a-half income families"

Absolutely but not everyone can nor wants to

"True, but building a team CAN be taken too far...you have to remain in control of your own financial future, not hand it over to someone who has their own interests at heart"

Acey - fairs fair our interests are to help our clients - we have created well over 50 millionaires and our clients do have the ultimate say in what they say or do - we just offer advice.

"$20K in four months is a waste of time. I prefer to make $100K in four months by self-renovating one property."

$20k in four months is a waste of time? Want to run a poll on that? Some of our clients have made $100k in four months and not had to lift a finger - should they consider doing it your way a "waste of time"? I don't think so. Whether its $10k or $20k or $100k - its money they didn't have before!

If we were to renovate the same property the costs for us to manage the renovation on your behalf would be say somewhere between $3-7k so over 4 months... and if that allowed you to do another property making another $100k....Thats how some of our clients leverage their time.

"Based on the time I spend actually renovating, it is quite feasible to have several projects running concurrently & still spend more time with my family than I would working (or playing golf) - I still don't see the value proposition"

I have no problems with what you do - a lot of clients do it too but for those who can't or don't want to....

"Going into a project without understanding the details makes you very vulnerable towards those who do, but have their own agendas."

Of course clients need to be aware of all the risks involved - we don't do this in any secretive way

" '20-50K passive income' - don't you mean capital gain?
To transform this into passive income involves either selling the property (and facing tax implications plus loss of ongoing rental income and future CG) OR borrowing against the gain - 'eating' your equity."

Depending on your structure and what you do yes you could pay CGT, tax or any number of otther unfair and unjust impositions. I never said it was tax free.

"If this is the advice you give clients I would be very cautious of ever dealing with your organisation...it is not well-thought out and is inaccurate."

Acey - this is obviously not your cup of tea but since we are talking. You claim $20k is a "waste of time" as you make $100k in 4 months. You also say that you are running "several projects' at once. All in all thats pretty impressive - perhaps you could share your strategies with us all.

"BTW - the goal is NOT to make money without hassle....There are ALWAYS hassles (sometimes greater ones when you are relying on others to do the work on your behalf & you don't understand what they are doing, what it should cost or how long it should take)."

I'll take less hassle any day - I do need to get value for money and I need a good team to help me but if those are in place why do you want any stress?

"The goal is to build a sustainable asset base that delivers an ongoing passive income."

Including paying taxes? (only kidding) I agree totally its about creating wealth - thats how we help our clients.

"Getting others to build your asset base for you is a very risky approach - you are relying on their financial considerations to match your own, and frequently this is not the case"

Of course there is some risk but what we do is different to some others - as an example we don't : buy off units off the plan, receive third party commissions for property transactions, take profits, do seminars to flog 3 day workshops etc.

I am sure what we do is not for everyone but for some it may be a way that they can build wealth as well as doing other important things and that can't be all that bad.

Cheers

Shayne Whitehouse

PS sorry about some of the formatting with my responses to Acey's comments

Les

02-07-2003, 04:56 PM

G'day Shayne,

First, Thank You for taking the time to answer a whole raft of questions. In CE, often the questions are challenging (for good reason) - you appear to have handled all of them well, and in good humour - all of which does you no harm at all.

And, to other posters, there is a wealth of different perspectives out there - and all put succinctly. Well done to those posters/questioners.

For other readers, it is encouraging to me to see such open-ness in the answers that have been provided by those that have posted.

Before continuing on, please note that I have no comment to make (either way) re this company - I don't know them, so cannot comment - but I believe that Shayne has done a sterling job in answering any/all questions.

From my perspective, the one major point that is addressed (and answered differently by different posters) is "How involved do YOU want to become?" For some, who might be challenged with making the move (especially in another city) could this be useful to you?

Also, we often hear the comment "Better 50% of something, than 100% of nothing" - does this also apply?

Could an operation like this be the catalyst that allows you to "have a go" at a distant city? Or is this just too risky? If the latter, what would you require to know to make it less risky (i.e. within your comfort level?) A reference from a friend? Would Shayne's offer to put you onto other customers carry some weight with you? An affirmative article in API??

This thread has me interested - and I'd like to hear other questions, responses, etc.

Regards,

CE Moderator

Aceyducey

02-07-2003, 05:02 PM

Originally posted by shayne
Aceyducey's comments are all fair but in some ways doing it his way is that he's bought himself a job ie if he stops renovating himself he stops making $$.

Shayne,

Good comments, but untrue about buying myself a job.

As currently it only takes me in real-terms around 4 months a year to do the amount of work I choose to do, this leaves lots of time for family & fun (and other business endeavours...including posting in this forum).

At any point in time I can choose to step out of renos and go and do anything else I please. There is no taxman or boss breathing down my neck, no strict deadlines to meet & no work or go bankrupt pressure.

At the time I step out of renos I would consider bringing in a project manager to finish off any current (and future projects).

But they would have to be providing returns of substantially more than the 20K for 3 months on a single property that you quoted earlier or I'd just buy & hold any potential reno properties and employ my own project manager full-time to develop them.

Be that as it may, following Les's comments I agree that these type of services are valuable for people who want an easy way in...it's just not a cheap or as profitable way to go.

Shayne, how committed is your organisation to knowledge transfer to clients who are using your service as a way to learn about the market & start out in development?

Cheers,

Aceyducey

shayne

03-07-2003, 06:38 AM

Originally posted by Aceyducey
Shayne,

Good comments, but untrue about buying myself a job.

As currently it only takes me in real-terms around 4 months a year to do the amount of work I choose to do, this leaves lots of time for family & fun (and other business endeavours...including posting in this forum).

At any point in time I can choose to step out of renos and go and do anything else I please. There is no taxman or boss breathing down my neck, no strict deadlines to meet & no work or go bankrupt pressure.

At the time I step out of renos I would consider bringing in a project manager to finish off any current (and future projects).

But they would have to be providing returns of substantially more than the 20K for 3 months on a single property that you quoted earlier or I'd just buy & hold any potential reno properties and employ my own project manager full-time to develop them.

Be that as it may, following Les's comments I agree that these type of services are valuable for people who want an easy way in...it's just not a cheap or as profitable way to go.

Shayne, how committed is your organisation to knowledge transfer to clients who are using your service as a way to learn about the market & start out in development?

Cheers,

Aceyducey

Aceyducey

Firstly $20k is closer to the bottom than the top end of returns but I will not say everyone makes $50k+ on a deal but some people do. Depending on how much equity a client has to play with, what LVR they are comfortable with will determine what value of property they buy ($230 - $340k is a guide and these are mid ranged priced houses in Brisbane) and returns can be up to $100k but we tell clients to expect a return of say $20k at bottom and say $50k plus at the higher end.

We also have clients who have renovated other propertries and made $200k in 4 months and one of our team in here made $180k on a block units which he only spent $10k on.

As for passing on knowledge - our clients have access to a team of 22 specialists who are all property investors as well as being able to access the strategies of someone who has a level of success in property investment in six years that most of us can only dream about. They can learn as much as they want or be completely hands off - its whatever they choose to do. the reason I choose to work here was that I now get to work with a team of like minded people and headed up by the wealthiest person I know and boy have I learnt a lot!

I appreciate what we do is not for everyone and some people are at a level where renovations of houses is not the most suitable type of investment but other strategies (such as unit block reno's or development strategies) are employed that give better returns for the capital they have available. Its all about wealth creation and what strategies you need to use at the beginning are different to what you will use to get from $1m of net worth to $2m or from $2m to $5m etc.

Using you as an example Acey, we would not neccessarily talk to you about reno's but other strategies such as mentoring with Andrew. Its not for everyone but for those who choose it it make a huge difference both in terms of their wealth and also psychology...and the latter is probably the most important factor in wealth creation.

For you and for all those who have read this thread I hope that i have answered all the general queries - any specifics it is probably easier to email me or call.

Regards

Shayne Whitehouse

Aceyducey

03-07-2003, 07:27 AM

Shayne,

Again good comments - I'm not sorry to give you and your organisation a hard time as it can be hard to distinguish which services are dairy (milkers) & which are wheat (growers).

When we begin playing in QLD I'll probably give you a call to chat further and explore those other opportunities.

Cheers,

Aceyducey

shayne

03-07-2003, 07:37 AM

Originally posted by Aceyducey
Shayne,

Again good comments - I'm not sorry to give you and your organisation a hard time as it can be hard to distinguish which services are dairy (milkers) & which are wheat (growers).

When we begin playing in QLD I'll probably give you a call to chat further and explore those other opportunities.

Cheers,

Aceyducey

Aceyducey,

I'm not sorry either - after all this is the forum for it. But if you are up in Brisbane I'd be glad to catch up coffee at our offices in the Valley or maybe a steak at Brekkie Creek.

Regards

Shayne Whitehouse

Iggy_Type_R

22-07-2003, 04:53 AM

Hi everyone (again) :), been a bit flat out, but am certainly happy to see that this thread has turned a lot more lively! ;)

Ok here is my 5 cents worth of comments:

As I said previously, the concept is great. I was living in Melbourne at the time when I found out about SFL. So I was 2000kms away from Brissy and wanting to invest there. If the execution has improved (which Shayne strongly says it has) it could be a good thing to "try on for size".

However, from my experience with SFL I learnt a lot (even tho it was a negative one!). I have since bought several properites 3000kms from Melbourne, and without ever seeing them. They are fantastic investments with +ve cashflow and excellent equity all via telephone/internet.

Anyway paradox, my point is, is DISTANCE really the ONLY thing standing between you and your success?

Cheers,

Iggy

paradox

22-07-2003, 05:35 PM

Hi Iggy!

Good to see you again! Yes, it sure was great to have the many responses from the likes of Aceducey and Shayne. I have been most impressed.

Of course there are many paths to success. Been trying my hands in share investing and trading(a dangerous mix), to just buying and holding properties; yet adding value to properties by renovating is an area that I have been most keen to get into yet greatly impeded by TIME and yes...DISTRANCE. I must say I do not feel experienced nor comfortable enough to buy just through the internet and phone, especially in the current climate where nobody really know where the property market would be heading. Would definitely love to hear and learn about what you have been doing though.

Have been in touch with one of the consultants at AFL, will keep you posted on how it is going. Hopefully it would be a positive experience. :D

Iggy_Type_R

23-07-2003, 07:15 AM

The way that I originally started buying in Townsville was through a friend in Brisbane. He said "have a look at this block of flats." and I did... and within one hour signed the contract! ;) The numbers worked. And slowly I built a good r'ship with the RE agent there, and then solicitor, town planner... now looking for renovators, etc to get a good r/ship with. So as shayne said, you are building a team around you.

It was a "scary" experience at first... but then I get more scared thinking aobut what will happen if I DON'T buy more property.

Anyway, I am moving up to Brisbane in just over a month to do property full time.

I've made an average of $120,000 per deal or so on each buy, reno, revalue and hold. Just need to do two a year really to keep a comfy lifestyle. Of course I am after a hell of a lot more! ;)

willair

26-07-2003, 07:19 PM

very good posts,just one question where in brisbane are u doing the renos?
thanks
willair

Aceyducey

26-07-2003, 07:56 PM

Iggy,

Sounds like you're doing a good job following your strategy.

Good luck (as if you need it!) on going full-time.

Do you mind telling your average spend per reno?

Cheers,

Aceyducey

Iggy_Type_R

27-07-2003, 07:30 PM

Originally posted by Aceyducey
Iggy,

Sounds like you're doing a good job following your strategy.

Good luck (as if you need it!) on going full-time.

Do you mind telling your average spend per reno?

Cheers,

Aceyducey

When I tell you ... you will laugh :)

Here is a breakdown of recent and also how much value it generated:

Exapmples 1-3 is in Melb. 4 in townsville.

1. 6k - 130k value
2. 8k - 90k value
3. 3.5k - 80k value
4. 4k - 150k value

:D Damn it I LOVE real estate!!!!!!!!! :)

Iggy

Aceyducey

28-07-2003, 11:06 AM

Iggy,

I'm not laughing - I'm impressed :)

Do you mind going into detail on what you did to some of these places & the time between purchase & revaluation.

Cheers,

Aceyducey

Iggy_Type_R

28-07-2003, 11:51 AM

Originally posted by Aceyducey
Iggy,

I'm not laughing - I'm impressed :)

Do you mind going into detail on what you did to some of these places & the time between purchase & revaluation.

Cheers,

Aceyducey

Thanks :D

1. Floor (polished), paint inside, clean up garden.
2. Outside paint, gutters, landscaping
3. Floor, Paint, bathroom clean up (ie new shower screen and new vanity thingy)
4. Strata title.

All revalued within 3-6 months of purchase/previous revalue

Hehe, just realised it took me 21.5k to increase the value of my portfolio by 450k!!!!! :eek: :D

Have I told you how much I LOVE REAL ESTATE!!?!!?!?! :D

shayne

28-07-2003, 12:28 PM

Iggy - what great results!! Congratulations.. How could you not love real estate?

Shayne

paradox

30-07-2003, 05:01 PM

Completely in awe and speechless. Is this actually possible?!

Shayne! If you can recruit Iggy when he gets to Brisbane, I will join up with AFL immediately!!!!!!

Iggy_Type_R

31-07-2003, 07:02 AM

Originally posted by paradox
Completely in awe and speechless. Is this actually possible?!

Shayne! If you can recruit Iggy when he gets to Brisbane, I will join up with AFL immediately!!!!!!

Hehe, thanks paradox! :)

Fortunately no is ever going to recruit me again tho! I am out of the E quadrant. :D

The other great thing is that I learnt what works... well I am yet to learn what doesn't work... but that's why I read a lot and talk to as many people as I can so I can FIND OUT what doesn't work and not make the same mistakes.

And to answer your question if this is actually possible? If I did it, why can't you do it? I wasn't the first to do it either. :)

Happy hunting! :)

Iggy

Property Invest

08-08-2003, 06:37 PM

Hi Iggy,

Congratulations and well done!
We spoke one time on the phone.
I'm contemplating doing what you are doing, but I wish I had someone like you to show me some pointers.

Now getting back to the original post.
I must say there are several quotes that don't equate with me.

"Andrew Carr is now worth 9 figures 100,000,000".
His name is definately not in the BRW's top 200 Rich List.
He is not even in BRW's named five up-and-coming business people as potentially future members of the Rich 200.

In regards to Aceyducey's question to you which I don't believe was answered.

Aceyducey
"20-50K passive income' - don't you mean capital gain?
To transform this into passive income involves either selling the property (and facing tax implications plus loss of ongoing rental income and future CG) OR borrowing against the gain - 'eating' your equity."

Shayne
"Depending on your structure and what you do yes you could pay CGT, tax or any number of otther unfair and unjust impositions. I never said it was tax free".

You said 20 -50k passive income, the increase obtained from the renovations is not passive income, it is capital growth.

Another thing that I find hard to believe is that this company has been trading now for 5 1/2 years, how on earth have they been able to make 50 of their investors "Millionaires" (assuming they began from scratch)?

If all of this is all true, why havent we heard of this guy and or his company. Why isn't there any articles or write up's on them?

Regards,
Mannie.

Rolf Latham

08-08-2003, 06:53 PM

Hi Mannie

I know zip about these people.

In my short business life what I have learnt is this,.......... often what we as individuals think is achievable is governed by our own experiences and perceptions.

Often those experiences and perceptions are a looooooooong way from what we can others can achieve.

Ta

rolf

Iggy_Type_R

09-08-2003, 05:03 AM

Hi Mannie! Yes I remember talking to you! :) It has been a while tho hasn't it? :)

I'd really like to point out that I am not a Guru, or a seasoned investor. I am just at the beginning of my journey (2 years since I read Rich Dad Poor Dad). The main difference between me and a lot of other people I've met over those 2 years (most of whom read the books a lot earlier than myself) is that I went out there and bought that first property. And then renovated. and then revalued it. And then proved to myself that **** stuff REALLY WORKS! And then the 2nd came and the 3rd, etc etc etc.

Sure it wont be all smooth sailing... I've lived thru a nightmare 2 months due to a bad strata titling experience and everyone who came near this deal screwing me around... I lost a block of flats that I couldn't settle on, etc etc.

But I learnt SO MUCH over that time... it will help me for life!

So when you say "I'm contemplating doing what you are doing, but I wish I had someone like you to show me some pointers." ... you don't need me or anyone else to give you pointers. My ONLY pointer is go and BUY SOMETHING :) Enjoy the process ... don't fall into paralysis of analysis.

There was an article in the late 90's on Andrew and how he made a housewife a millionaire thru property. He cerainly picked a winner when he went for Redcliffe 2/3 years ago.

PS. feel free to give me a call or email me any time... I am always more than happy to help :D

shayne

11-08-2003, 10:40 AM

Mannie

Re your queries about Andrew Carr, what he has achieved and how he has helped others...

I don't think he will lose any sleep over not being listed in the BRW 200 - after all part of true wealth is asset protection and controlling assets not neccessarily owning them. Yes we have kept a fairly low profile but we are in the seminar game and so we don't need to have the profile some of the other organisations ahve. There has been a couple of interviews on TV, press articles etc and as an example Andrew has been profiled in the Opportunity International Charity magazine as well as sponsoring the Queensland PCYC Gala Ball.

As for creating 50 millionaires - there is probably close to double that but in the same way its not something you neccessarily go bragging about (unless of course you want to run a seminar).

In the same way with income some people will make $50k selling a house and pay lots of tax and yet people like Kerry Packer would pay a lot less tax on the same deal.

What we do is, as I have said here before, not everyone's cup of tea but for those people who want to find out more they can always call me on 07 3252 5500 or email me at swhitehouse@superiorwealthcreation.com.

Regards

Shayne Whitehouse

Property Invest

11-08-2003, 09:28 PM

Hi Iggy,

I have never fallen into the paralysis analysis mode. I'm always investing and/or looking for the next purchase. The only thing is I have thought about renovating some of my future properties. To renovate I feel would be easy - easy in the sense that anyone can make a property look prettier, however over capitalisation and return on investment is something you could really go wrong in. These are the sort of pointers I was looking for.

Hi Rolf,

Totally agree with you, but I like to see before I believe.

Hi Shayne,

Do you have any links to any of these articles or tv interviews, etc on Andrew or his company?
I'm not challenging you here, just trying to find out a bit more without having to depend just on the websites information.
I have run a search and not found anything.

Regards,
Mannie.

Iggy_Type_R

12-08-2003, 04:49 AM

Originally posted by Property Invest
Hi Iggy,

I have never fallen into the paralysis analysis mode. I'm always investing and/or looking for the next purchase. The only thing is I have thought about renovating some of my future properties. To renovate I feel would be easy - easy in the sense that anyone can make a property look prettier, however over capitalisation and return on investment is something you could really go wrong in. These are the sort of pointers I was looking for.

Right, sorry misunderstood you :)

I got all my "tips and tricks" from
"Buy It, Fix It, Sell It...PROFIT! : A Comprehensive Guide to No-Sweat Money-Making Home Rehab
by Kevin Myers (Author) "

As for getting the most in terms of value? Well that's easy... it's a bargaining process with the bank. They want to give you the lowest possible value and you want to get the best possible. So you give them a stupid number and they give you somethign reasonable in return. Has worked for me every time.

Recently I went and asked for 480k (I actually wanted 380-390) and the bank gave me 390k!!! (That's after spending 4k on a 240k property ;) )

On another one I asked for 650k, got 580. I wanted 600. Does that help at all? As I said, I am just a beginner, so I am not even 100% sure what it is that I do to get these valuations ;)

shayne

12-08-2003, 04:54 AM

Originally posted by Property Invest
Hi Shayne,

Do you have any links to any of these articles or tv interviews, etc on Andrew or his company?
I'm not challenging you here, just trying to find out a bit more without having to depend just on the websites information.
I have run a search and not found anything.

Regards,
Mannie.

Mannie

Nothing I can really send but if you want I am happy to give you some names of clients who have been with us for a while and you could talk to them about what we have done to help them.

Regards

Shayne

Iggy_Type_R

12-08-2003, 04:58 AM

Originally posted by shayne
Mannie

Nothing I can really send but if you want I am happy to give you some names of clients who have been with us for a while and you could talk to them about what we have done to help them.

Regards

Shayne

Hehe, I always love that approach. :) Of course all the clients are going to say positive things, otherwise you wouldn't give their names, like me or a few friends of mine who were not happy happy clients. :)

shayne

12-08-2003, 05:14 AM

Originally posted by Iggy_Type_R
Hehe, I always love that approach. :) Of course all the clients are going to say positive things, otherwise you wouldn't give their names, like me or a few friends of mine who were not happy happy clients. :)

Iggy, fair enough but I would put that down as part of the neccessary due diligence investors should consider. I am happy to go over things with people over the phone or if someone wants to have a nice winter break come up to Brisbane , check us out and go from there.

We offer a service that will appeal to some people and not to others but the key thing is that people take action and control in building wealth. We have a team to help people with that. Others already have a team or like you, are happy to do it themselves. The main thing is that they, like our clients, are doing it.

Regards

Shayne

Property Invest

12-08-2003, 08:15 PM

Hi Iggy,

Thanks for the book tip!
Damn another claimable expense! ;)

Shayne,

Thanks for the reply.
I will not require the names of existing clients.

Next time something is written or said in regards to the company or its clients, please post on here for our perusal.

Thanks,
Mannie.

Ross Sondergeld

06-02-2004, 11:01 AM

Hi...

Are you guys licensed financial advisors ?????????

Are you guys licensed real estate agents ?????????

Ross

shayne

06-02-2004, 12:13 PM

Ross

We are not financial planners as we only deal in property and I suppose the best way to consider us is a company that focuses on helping clients build wealth creation through adding value to real estate and equity growth and helping them devcelop the mindset that allows them to become what they need to be.

Real estate is simply the vehicle they use to get the wealth - the midset is the keythat allows them to keep it and grow more wealthy. As an example I personally have added about $500k to my net worth through two deals that the team at SWC sourced for me in the time that this thread has been running and all up I would have personally spent about 3 hours of my time on it. If you look at this creating a fully managed property investment business that comes with all the staff fully trained as well as a mentor then you get an idea of how it works.

The staff that deal with the sourcing of properties etc are licenced but we do not receive any commissions for finding properties and do not any formal or financial relationships with any real estate agents.

Hope this helps

Shayne Whitehouse
Superior Wealth Creation www.superiorwealthcreation.com.au
Tel 07 3252 5500