From time to time, I like to share a little parable from a fantastic book I’ve read, written by Jim Collins called Good to Great. I think it is a timely reminder for all of us to appreciate the mindset of those who are successful and those who are not. In his famous 1953 essay, “The Hedgehog and the Fox”, philosopher Isaiah Berlin divided the world into two distinct … [Read more...]
Why applying for finance is like a job interview
It’s becoming more and more apparent that investors don’t know how to apply for a loan. Now I understand if that sounds harsh, but most investors complain about the loan application process, they blame the bank, blame the broker, blame god but fail to take responsibility for the crappy financial position they in. And what I mean by that is, you may have a great job, a … [Read more...]
How to find your own hotspots
The Simple Strategy For Finding Infrastructure Hot Spots I was asked the question recently, “how do I go about finding hot spots” … and the ANSWER is… …by following the infrastructure spending of government. This is what I also teach my clients… to find potential hot spots around Australia based on where the government is spending the ‘big moula’. You see, … [Read more...]
The Single Most Important Question You Must Ask About Every Property You Own
Carly wanted to increase her portfolio from three properties to six in the next five years. One of her current properties, a small unit located in a regional NSW town, had a minimal mortgage of $90,000 and was returning $135 per week. As low figures were involved, Carly believed it was okay for the property to remain in her portfolio. “That property’s fine, it’s just … [Read more...]
