Gems and other inspirational ideas

[kincella]

I thought there are some brilliant things one should think about, when climbing the ladder of life...appropriate for all of your lifestyle...its not just about a house, career or money....it includes your interaction with your family and community
this is a copy of my post on another site....

many years ago...when I was about to change my life quite dramatically...
which I did...
I read the book...'the power of positive thinking' by Norman Vincent Peale.....

I often read parts, highlighted, on a regular basis, to keep my spirits high...I have used it as one of the greatest tools to help inspire others.....

this morning on glancing over highlights...I came across some bits that seemed appropriate to the arguments we have on this thread......

words from the book by - Norman Vincent Peale

attitudes are more important than facts...any fact, however difficult, or seemingly hopeless...is not so important as our attitude to that fact...facts may defeat you before you do anything about it

and this piece....
lack of self confidence, people become content with something less than that of which they are capable....and so they go crawling their way through life...defeated and afraid...
__________________
Property Investor in Commercial and Residential. I hold for 10 years or the mv reaches my sell figure

[bluelabel]

Totaly agree kincella 100%. It is all about your physical mindset. If your head isnt in the right place you can just about forget about it.

About twelve years ago, I read Think and Grow Rich by Napolean Hill. It always kept repeating that the answer you seek is written on every page of this book, even the cover. I was in my teens then and not that into cryptic clues, so i dismissed the notion. About 2-3 years ago, i was reading another book , The Richest Man in Babylon, when it suddenly dawned on me what Napolean was on about. Think and grow rich. Keep your mind fresh and healthy and thinking and you will get through anything. Keep your attitude in the right place and you will succeed.

lack of self confidence, people become content with something less than that of which they are capable....and so they go crawling their way through life...defeated and afraid...

This is so true, people feel that once you are dealt your hand in life then that is it. I do not believe so. Any one can overcome just about anything, and once again it is all about your mental resolve.

Also you mut be reasonable about this and not just have your head in the sand and think that just because you think positivly things will happen for you and go away. Not gonna happen. Actions speak louder than words. Having your head in the right place is half the battle, all it does is makes the physical battle much easier. :2twocents:

:bier:

blue

[kincella]

blue.....I have a 'can do' attitude...I thank my parents for teaching me how to get the right attitude....they were both high achievers....and they taught us the same..
just listening to what the young ones are saying in their posts...they sound defeated by the facts...or the talk.....
and agree so many feel like dealt them a hand and they are stuck with it....

I have a healthy attitude to most things...do not play ostrich.....
have you read his book...written in 1953....
seems as appropriate today..with all the depression


and the other thing he says....ask god to hold your hand or walk beside you if you are not up to it by yourself....thats a compelling notion for the weak moments we all have at times...
I have a little card called 'footprints'...given to me when my brother was dying....
google it,
to save writing myself here is a copy......

The text describes a dream, in which the person is walking on a beach with God (in some versions, specifically identified as Jesus). They leave two sets of footprints in the sand behind them. Looking back, the tracks are stated to represent various stages of this person's life. At some points the two trails dwindle to one, especially at the lowest and most hopeless moments of the character's life. When the person questions God about this, believing that God must have abandoned his follower during those times, God gives the explanation: 'During your times of trial and suffering, when you see only one set of footprints, it was then that I carried you'.

[sarahJohn]

when you hear about successful investors making BIG money in property deals while paying little or nothing to the taxman?

[kincella]

sarah, investing in property has little to do with the tax...its more about the capital growth, and since our govt have not spent any money on increasing public housing for the poor...the govt have relied on IP people to take up the slack...
its not all roses either...
and most of us believe the private investor is a more efficient providor...either the govt spends a load of money providing a never ending supply of property...tax dollars at work...or they give a little tax break to those who do...
miles and miles of little boxes stacked on top of one another... see them here in Prahran....no capital growth on those ugly things...:D:sheep::D

[bluelabel]

Iv'e been wndering this a while Kincella. and this is the most appropriate thread i think. The best way to become a millionaire is to borrow a million dollars and have your renters pay it off...
So how does that work exactly??

:bier:

blue

[kincella]

Hi Bluelabel, sorry for the delay...(telstra's wireless bb died, long story but I am back on the adsl modem again...they can stick the wireless fiasco)

that quote is from a RE guy....but you buy say 3 props for 350k each over a period of time...borrow most of the money...
the rent should cover a fair [/U[U]]% of the costs....
if you are out of pocket....or a loss created at tax time...then you receive a credit or refund....depreciation and building allowances may apply...creating a loss on paper....

hence the saying the renters are paying off your mortgages for you...
if you buy right...you can expect the property value to at least double within 10 years....

[nicole]

I have been an investor as well as a real estate agent and my husband owns an agency which sells all over Queensland - www.happeningrealestate.com.au - and I can tell you that you can make money if you have the income on paper for the last few years or you have a good income at present.

We bought around 12 properties in one year and a half, and started with about 80,000$. Here are some of the tips on how to buy well:

- try to buy properties in suburbs that are next to a booming suburb (you can find the suburbs that are booming by signing up with an investment newsletter or going to real estate conferences, etc) - because usually the boom has a ripple effect on the neighbouring suburbs. Inner city in Brisbane is doing well at the moment from what we are seeing.

- look for properties where the vendor is desperate to sell, where there is a mortagee in possession, where there is an urgent sale, for whatever reason; we do not recommend buying at auction, as there are many risks involved (have a read about it at http://www.happeningrealestate.com.au/auctions-and-why-we-don039t-do-them-unless-you-insist )

- look for renovators delight properties, but which have a good layout of the house - esthetics you can change, but the structure of the house cannot be changed. There are many trades people out of work, so you should be able to get someone to do some good cosmetic renovations for a reasonable price. If you are a good handyman, you do some of the work yourself.

Usually light colour walls, off-white or other pastel colours go well. Bright houses sell better, so brighten it up with a few modern things - like modern blinds, lights, maybe fans, fresh paint, etc. Focus on the kitchen and the bathroom as they are definite decision makers in the eyes of a buyer. You don't have to rip it all apart, you can actually re-surface the kitchen to look modern and put some stylish handles. For the bathroom, buy another vanity, if it is old, you can get them second-hand and there are demolition markets who sell them cheap.

- if there are walls that are not needed for structure support and make the house appear more open-plan, go ahead and remove, it will improve the value of the house

- put a few shrubs in the garden that do not need watering and landscape a bit just to look good. If need be, put some grass seeds in the ground or turf to improve the lawn.

- look for houses that have bigger land and can potentially subdivide - the land value speaks more than the house value; ask the counsel about potential subdivision before you buy it

- look at the infrastructure of the area: are there good facilities like schools, transport, hospital, university, shopping centres, parklands, etc. People want to buy in areas where they have everything in close range.

- try to view the properties during the week, not on the weekend. This way you have an advantage on those who go to open for inspections if there is a bargain out there, you can snap it before they do and you do not have the competition of others trying to put a contract down as well

- be prepared to act quickly when you find a good one, I mean the same day if possible, as they will not last!!!

- once you bought it, renovate it, or improve it a bit, but don't overspend - like putting a pool, other big items, just make the property look fresh and more modern without major additions

- rent it out yourself if you have time to manage it (make sure you get people who have referrals from a real estate agent whom you can call) or give it to a property manager.

- fix your mortgage at a low rate if you can for 5 years or so

- try to save on commission when you sell - if you are at home, you could even sell it yourself. You are the expert on the features of your property. Advertise your property on good traffic websites like www.realestate.com.au by listing with an agent who will put it there for a small fee till sold, like the 'List on realestate.com.au' deal on http://www.happeningrealestate.com.au/ . There are other such deals in other states as well. Even if you work, you can show the property after hours or on weekends only. The more people come at once to view the property, the better it is for you, as it creates a feeling of competition and buyers might bid against each other to get it and thus raise the offer.

Hope this is useful and can help some people.