Here’s a very interesting video on residential property investing, Jason McGuiness from mCorp talks about capital growth and the importance of price fluctuation and the use of median price.
Jason also talks about how capital growth actually works and when it actually occurs when it comes to residential property investing. Hope you enjoy the video and if you want to get yourself a copy of the full video (3hrs worth) just click here, “Make Money in Real Estate”
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Hopefully your property manager has already informed you about this, but if they haven’t you’ll want to read this (especially if you’re in Western Australia)… The government has decided to change the rental property laws and it will affect all property investors in Western Australia.
There’s a new government regulation, it appears to be on the state level at the moment… and it requires all property to be fitted with RCD (Residual Current Device) – in layman’s term, safety switches, or trip circuit.
This regulation started on the 9th August 2009, but doesn’t take full effect until 2011. Note that this will affect you when you change tenants or buying/selling a property. The new law says that you have to install TWO RCDs to protect your power points and your lighting otherwise its technically against the regulation to change tenant or buy/sell a property.
anyways to find out more about this new this particular rental property law affects you, please go to Department of Commerce – Energy Safety
Ramit Sethi and Tim Ferriss on the topic of Self Publishing and Traditional Publishing
In the early days when I didn’t know how to generate all the leads I wanted, the temptation was to hire a marketing company. In fact, I hired not one but six marketing companies in total. It seems that their expertise was in squandering my money rather then being accountable for the results that I wanted them to generate.
Each time, they would promise the earth and then make feeble excuses as to why they hadn’t achieved results. Two that stick in my mind, “I can’t believe it, this has never happened to us before…”, and the other was, “well there are no guarantees in marketing!”
I realise now that this is complete rubbish. If you follow a tried, tested and proven strategy that works for others, it will work for you too. That’s why for example, in our Profit Booster Kit, we are prepared to put our money where our mouth is. If you are going to use a marketing company, make sure that they give you a guarantee
- Keith Banfield
Alain de Botton examines our ideas of success and failure — and questions the assumptions underlying these two judgments. Is success always earned? Is failure? He makes an eloquent, witty case to move beyond snobbery to find true pleasure in our work.
This is probably the most entertaining TED talk I’ve hears so far, definitely worth the watch =)
Notes:
Ramit Sethi and Tim Ferriss on the topic of How To Meet Famous People
Here’s a few interesting points on spotting property spruikers, taken from the August issue of Australian Property Investor
Watch out for property spruikers who: