Read a thread a few days ago, with the link http://knowledgesource.com.au/sackthebanks/
I could not find the thread anywhere ;-(
Anyone can explain how it works?
I could not find the thread anywhere ;-(
Anyone can explain how it works?
Sack the Banks - could not find the thread
- Thread starter Aulyna
- Start date
Hi
With this sort of thing its best for you to find someone SPECIFICALLY that has become successful using their model or system.
I can tell you what I think the system is or might be or what the pros and cons are.
I have always been amused by us as humans that
1. We will offer advice on specific things that we actually know little about. We honestly think we do and our intentions are most honourable, however our knowledge tends to be very third hand and not from personal or detail experience at all.
2. That others will act in reliance of such "flawed " information and either do something stupid, OR worse, not follow their dreams and goals.
It is this phenomenon that prevents many people from even having a go at reaching their greatness
.
I have only recently become aware that again I too have been in this very space, every day. One of my mentor groups pulled me up on my thought process and really floored me with the potential consequences of my "well meaning " communications.
ta
rolf
With this sort of thing its best for you to find someone SPECIFICALLY that has become successful using their model or system.
I can tell you what I think the system is or might be or what the pros and cons are.
I have always been amused by us as humans that
1. We will offer advice on specific things that we actually know little about. We honestly think we do and our intentions are most honourable, however our knowledge tends to be very third hand and not from personal or detail experience at all.
2. That others will act in reliance of such "flawed " information and either do something stupid, OR worse, not follow their dreams and goals.
It is this phenomenon that prevents many people from even having a go at reaching their greatness
.I have only recently become aware that again I too have been in this very space, every day. One of my mentor groups pulled me up on my thought process and really floored me with the potential consequences of my "well meaning " communications.
ta
rolf
i did ramble a little
In short form
Go and find someone that has used Davids education and system, and has had some result, good or bad.
Dont rely on advice from people that dont have the first hand experience
ta
rolf
Sorry not for me. Have a look at that web page copy very very salesy...doesn't pass my sniff test.
Vendor Finance?
BE the bank?
Try these threads
David and Julie Siacci Mentoring Program
David and Julie Siacci
PS: On what Rolf said..never trust anyone who speaks well of everyone and never trust someone with your finances who wears velcro shoes, rather than lace-ups
Hi Aulyna
As it looks like you may be interested vendor finance (VF), I'd suggest your first move should be to research and then do some more research ;-) A few web resources that may help in your search for information about vendor finance are:
http://www.propertyinvesting.com/strategies/wraps
http://www.propertyinvesting.com/str.../lease-options
http://www.jvpropertypartners.com.au...d=50&Itemid=75
http://www.vendorfinancelawyer.com.au/
http://www.vendorfinance.asn.au/ The Vendor Finance Association of Australia
Once you have researched and read as much as you can, it's worth considering how to get more detailed information/education. Possibly with one of the educators out there or via some hands on learning with an experienced VF'er.
If you then decide to enter the VF industry, planning how you are going to ensure you do not run foul of the National Consumer Credit Protection Act and how to operate with traditional lenders should be an important part of your due diligence.
Cheers, Paul
As it looks like you may be interested vendor finance (VF), I'd suggest your first move should be to research and then do some more research ;-) A few web resources that may help in your search for information about vendor finance are:
http://www.propertyinvesting.com/strategies/wraps
http://www.propertyinvesting.com/str.../lease-options
http://www.jvpropertypartners.com.au...d=50&Itemid=75
http://www.vendorfinancelawyer.com.au/
http://www.vendorfinance.asn.au/ The Vendor Finance Association of Australia
Once you have researched and read as much as you can, it's worth considering how to get more detailed information/education. Possibly with one of the educators out there or via some hands on learning with an experienced VF'er.
If you then decide to enter the VF industry, planning how you are going to ensure you do not run foul of the National Consumer Credit Protection Act and how to operate with traditional lenders should be an important part of your due diligence.
Cheers, Paul
Hi Aulyna
Like pretty much everything we attempt to learn, it's only worthwhile if we really apply ourselves in a very focused way and persist, i.e. stick with it in the ups and downs.
We discovered vendor finance (VF) in 2002, did our first VF transaction in 2003 and now work in our VF business full time. Our business supports our lifestyle and our buy and hold portfolio so we're definitely happy with the result.
Cheers, Paul
Like pretty much everything we attempt to learn, it's only worthwhile if we really apply ourselves in a very focused way and persist, i.e. stick with it in the ups and downs.
We discovered vendor finance (VF) in 2002, did our first VF transaction in 2003 and now work in our VF business full time. Our business supports our lifestyle and our buy and hold portfolio so we're definitely happy with the result.
Cheers, Paul
