The three Ps - Place, Properties, People
Nigel Kibel said:
As I research I will happily pass the information on. It will take a little time as I am here to set up and yes run a business. If I can get information on th right structures and potential deals and esach information I will post it here.
I'm surprised you haven't taken up the opportunity offered and addressed some of the serious questions posed.
These are more fundamental than structures and 'esach information'.
Eg real basic stuff eg 'Is this a good place to invest', 'for whom?' and 'what are the opportunities?'.
Any buyers advocate worth his salt will have thoroughly researched the area
before deciding that it's worth promoting. Anyone whose done their homework on an area will be able to reel the attributes and demographics straight off the top of their head.
Every area has a little story (good or bad) that you can flesh out with research and stats to paint a picture.
Eg a few years ago you could say that Geraldton was a major centre with the cheapest coastal land in Australia, steady population growth, reasonable rental yields and substantial infrastructure being built. Ditto for Bunbury, which for several years was cheaper than Busselton. People who bought in these places did well.
Rockingham/Mandurah was much the same, but for years it was 20-30% cheaper than most other Perth suburbs. Population growth was exceptional as Perth's development switched from north to south, while big educational and transport projects are making it more accessible. This area has also made many investors very happy.
Kalgoorlie hasn't done so well with capital growth, but rents are high, and it, like Mt Isa, was probably the last city where CF+ was readily available. So a case could have been made for this area as well (though it will still not suit all investing styles).
Then there are suburbs in Melbourne which people leave as soon as they can afford to. These are suburbs of last resort. Population inflows into these areas are disproportionately drawn from low socio-economic groups and unemployment remains high. If buy & hold/capital growth is your thing and like Peter Spann you want to 'follow the money' then you might be better off buying elsewhere.
On the other hand, there are other cheapish suburbs where the socio-economic profile is more even (middle income earners as well as bottom) and the demographics are more stable. These areas might turn out quite well long-term and be good investments (some have mentioned Frankston).
For all we know you might have done this sort of research on US cities and their suburbs.
But none of us know since such information is conspicuously absent from your posts.
Yet such information is
essential before a decision is made on whether to invest at all, let alone think about structures and legal stuff. The best structure won't help if the underlying asset is a lemon.
You've been asked about 'places', but there hasn't been much substance despite repeated requests and even suggestions as to what topics could be discussed.
As it seems futile persisting I'll move onto the next one, which is 'Properties'. We'll have to skip that too as we don't know about places yet.
So now we get to people. In this case, you.
If you're dealing with someone on a professional financial basis you need to make sure that they're honest and not a con. So one looks up things like ASIC websites and even Google.
This has disclosed that you're politically active.
http://www.propertyinvesting.com/forum/topic/17726.html
That's healthy; it's highly commendable to have people constructively involved in public affairs and there should be more of it.
'The Australian' colunmist Glenn Milne has an opinion piece about moves within the Liberal Party to oust Petro Gergiou.
Someone with your name (president of the Auburn Branch) was apparently behind this push. As we now know this move was not successful. Again, there is no shame in not winning. There will always be people with different views and democratic competition within a political party. It was always thus and will always be.
But what was interesting was that Milne alleges that your branch of the Liberal Party is unconstitutional. The 'Australian' column appears as item 4 here:
http://lists.perthimc.asn.au/pipermail/safecom-announce/2006-April/000102.html
Now there can be several explanations.
1. There is someone else of your namesake involved and you are not
2. The article was wrong (note it was only an opinion piece and not a hard report)
3. The article was correct and it is you involved
4. Some mixture of the above (the media sometimes gets complex stories wrong or ignores critical nuances)
It is to be hoped that either 1 and 2 is correct. If so, this post ends right here.
However anyone searching might have been led to believe that 3 was correct if they didn't question it further. Anyone doing due diligence on you would be entitled to ask a question about publicly available material about you, so I do so here.
Personal questions are often the hardest of all to answer. But they must be asked if (and especially if) answers to the others are unsatisfactory or aren't forthcoming, as in this case.
Even links to relevant articles or a commitment to get back to us later to address the issues raised would have been the least you could have done if time was short. And this might have redeemed your image in the eyes of those who suspect you're big in spruiking and small on substance.
Peter
