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  1. Peter_Tersteeg

    Any see the Nathan Birch interview with Kochie on Sunrise?

    I believe they need a real estate license.
  2. Peter_Tersteeg

    Any see the Nathan Birch interview with Kochie on Sunrise?

    Of course it's important to learn how to negotiate as a property investor. Still when you consider that a BA looks and negotiates on property all day every day, a BA is likely to be a better negotiator and have a better understanding of their local market that the average investor ever would...
  3. Peter_Tersteeg

    Any see the Nathan Birch interview with Kochie on Sunrise?

    Fair points but you're ignoring one major habit of successful people... They outsource various functions and pay others to do it for them. There's lots of things I can do just as well as my personal assistant, sometimes even better. I pay $27 per hour so I can concentrate on the things...
  4. Peter_Tersteeg

    Any see the Nathan Birch interview with Kochie on Sunrise?

    If you earn $50k a year then you probably would find the time. If you earn $200k a year you might not. What if you're not a very good negotiator and your understanding of the market you're purchasing in is limited? Would you prefer to pay fair market value at the cost of $10k in services...
  5. Peter_Tersteeg

    Any see the Nathan Birch interview with Kochie on Sunrise?

    It's fairly irrelevant what a BA or anyone else providing goods or services charges. What things cost depends on 2 things: 1. The actual cost to provide the goods or service. If it costs more to provide a good or service than you can charge, it's not profitable and you wouldn't do it. 2...
  6. Peter_Tersteeg

    Any see the Nathan Birch interview with Kochie on Sunrise?

    Generally agree, but there's definitely a 3rd category. 3. Clients who value the BAs time and effort. I used a BA for my most recent interstate purchase. I identified in broad terms where I wanted to buy based on various reasons why I saw value in that area. I still don't know the local market...
  7. Peter_Tersteeg

    Any see the Nathan Birch interview with Kochie on Sunrise?

    Just about every mining town. Doesn't get a look in for decades. An external event (the mine) brings people and money, the investors chasing yields follow, property increases faster than the valuers can drive out there. They then have a correction and prices stabilize for a long time because...
  8. Peter_Tersteeg

    Any see the Nathan Birch interview with Kochie on Sunrise?

    As a kid we I lived on a farm and my friends and I would burn off the highly flammable gorse bushes every winter (Dad wouldn't let us do it during summer). We had a blast trying to burn each other alive. One or two weekends every year we'd all turn into a complete bunch of savages. :p
  9. Peter_Tersteeg

    Any see the Nathan Birch interview with Kochie on Sunrise?

    As a very broad and general observation, I'd say that capital growth in regional or major cities is not dissimilar. One of the biggest differences tends to be the timing of the different markets. Capital cities tend to grow in value a bit more predictably. There's certainly market cycles...
  10. Peter_Tersteeg

    Any see the Nathan Birch interview with Kochie on Sunrise?

    Look at this from David Kosch's point of view... Kochie has a long history in financial services and has seen the Henry Kayes and other property sharks in the past. He's seen the groups flogging crap properties at inflated prices whilst claiming they're a bargain. He's seeing Nathan...
  11. Peter_Tersteeg

    Any see the Nathan Birch interview with Kochie on Sunrise?

    I've got to agree. Kochie is looking at this from a financial planning perspective which is all about risk management. Whilst many investors won't agree, there is a significant amount of risk in Nathan's strategies. Nathan is looking at the wealth creation strategies and that's great, but...
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