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Good point:) She has people paying her $100 a pop for her psychic powers, these include coffee readings, takes about 30 minutes, not a bad little earner. Then there is the marriage counsellor not sure what she charges for that one. She has never been married as all her relationships have been...

Yeah right, I have a g/friend who is psychic, well that is what she believes, always ask her for the lotto numbers, but that one she can not do:p

Blair, kudos to you, I get some young investors PM me asking for advice, I tell them to view some of your posts because you are doing some great stuff. I don't many your age developing/building 4 unit site in Melb:) Good for you

E, Can't wait for this one, spinner come in:) Perhaps someone won lotto and that's the secret, who knows, all I can say is its getting bigger than Ben Hur:eek:

Oscar I agree with this totally, no point trying to get finance for $2M when the bank will only give you $500K.... bummer, its a no go, know your limitations and use a good broker they come in handy:)

Hi WM, no offence taken..:) My comments are simply to provide a guide/tip to fellow investors the rest is up to the individual, DD etc is without saying and always a must when looking at any strategy and I would have thought this is just common sense/logical. To go in blindly would be foolish...

Hi LW This is the tip and I have mentioned it a few times now, search and follow strategies that the successful investors have implemented, by this I mean those who have retired from day jobs and investing full time as they have created income streams which is what everyone on this forum is...

I trade (buy and sell) property all the time to reduce debt and to ensure I have plenty of cash for developments and holding stock (deve sites) and also to provide another income stream. My deals not necessarily all developments continue to provide greater income than my rentals. When I...

Amen:) This is a great thread, lets keep it informative and on the right track.

Hobo j I keep reading this stuff by a number of posters, find it really weird, if this is what you believe then that will be your reality. I say this because there have and are booming markets now, have been making some silly money over the last 2years in a short time frame, I call it a boom...

But you still grew your wealth during this period because you had a choice. You also recognised that the market crashed and you were sitting on the sidelines waiting. I guess I am really talking about investors who suddenly for whatever reason do not have a choice, lost opportunities etc.

Luck I think something common with all successful investors is the ability to be able to consistently invest. Sometimes this is not possible and years can be lost, or go backwards..... life happens - divorce, health issues, business goes belly up, losing job, losing a child etc. Life...

I also think that KathrynD is playing in a different market Canada,/US?? where perhaps the houses are worth a fraction of what we pay in Australia. Credit to Kathryn and Bob on their success, but I am just putting it in perspective in terms of portfolio value. For example I spent $500K cash (8...

Thanks for this, fascinating, so did this person actually retire from property, wonder what they are doing today.... just very curious.:)

I would be walking in the dark if I did not have a very savy MB on board, absolutely key.

Whatever works is great. I really am not a stats person, never have been. From my experience some of the stats I read can confuse and contradict and then you get the stats that at best are rubbery, confuses the hell out of me. What I mentioned is very simple, but that is it, buying...

Its so tough... not...:) Contact Council in metro areas of interest, find out what their zoning plans are for the future, speak to Planners they will give you this information and view their maps outlining precincts for rezoning. Once you have identified suitable areas then get onto...

never heard of this poster, will have a look at this. thanks Rixter

knight That sounds good, I like the low stock and high demand for an area, its got to be a winner, it can only go one way. My recent strategy has been to identify areas with good infrastructure that is currently earmarked for rezoning, if rezoning is a few years off I just buy and flip after...

May seem a bit like this......but I don't believe this is the intension of this thread. Some members are providing lots of information on their strategies, many gems, good to share and learn. Rixter shared his secret.. though I don't like to call it a "secret" because it conjures up a...