I painted this picture years ago – You’ll never guess where I found it.

I once painted a picture to hang on the wall of the house I was living in. It was a bit of a blank wall and I was feeling artistic. For this painting, I wanted to convey the feeling of warm sunlight pouring through a window. Is not the only painting I’ve done over the years, from time to time I get a brush out and do something interesting with a canvas, … but this one is a little different… over the years this one …

Sex Drive and Success

When I was younger and had more energy than I do now, I did a lot of renovations. I’d work all day at my job then renovate at night and all weekend. I loved it and over the years I’ve done more renovations than I care to remember. I had ‘hustle’ You can get away with burning the candle on both ends when you’re younger. As I’ve got older I’ve found that I’ve still got tonnes of energy – I just need to consider how …

Success doesn’t fall in your lap

Y’know it’s funny. People hear that I retired to Byron Bay and they instantly assume that every day is sipping lattes at a cafe and eating smashed avocado on toast. They automatically make the assumption that I live a life of pure leisure, outsource everything and rarely lift a finger to do any work. I have to admit I am partially to blame for this misconception. The marketing that I put out there, the theme of my book, the story that is told about my …

Mongolian Commercial Property Wisdom… (Kind-of…)

  I’m writing this email on a laptop from the deck of a 45-foot motor boat in the middle of the Mediterranean. So if there are typos – blame the rocking of the boat, not my chunky fingers. What am I doing here? An old friend just bought the boat and needed help piloting it from Alicante in Spain to the Greek isle of Ithaca. So I volunteered. That’s pretty good of me, right? He didn’t have to bribe me or anything… Out of the …

The Impossible Approval

Just wanted to let you in on the latest developments with one of my properties. This is a property in Newcastle – you may have seen the picture of the shop at the end of the row before… But based on the success of my Bondi project where I got a 3 story apartment build by a modular company and then installed in a single day, I started looking at what I could do with this property. I looked at doing something like this years …

The Potential Silver Lining To Sacking Your Tenants

If there’s one thing that I hear more than any other when it comes to people not jumping into commercial investing with both feet it’s this: What if I lose a tenant? And it’s fair enough really. If you have a property that is a single tenancy and they don’t renew their lease or if they go bust and stop paying their rent then, sure, there is the potential of the property costing you some money for a while. There’s nothing worse than buying a …

Power Vs Force: Which are you using?

In any machine – no matter how big it is, there will be a spot in that machinery that is effetely a weak spot. The lightest touch can halt that part’s ability to do its job. When that piece performs a critical function, it means that the lightest touch will bring a halt to the entire machine. According to a guy called David Hawkins, this is what he calls the “point of power.” Hawkins did an exhaustive study of this (in a fascinating but very …

How Much Cash Flow Could I Get Using My House Equity?

“How much can I get in cash flow from the equity in my house if I invest in commercial property?” That’s the question that came up recently. It fits the age-old saying “How long is a piece of string” and it’s not far off “what is the sound of one hand clapping”. But, never afraid of a challenge, I’ve decided to try and quantify the length of string to help you get a handle on commercial returns. You might even be able to use that …

Focus on cash flow but don’t get obsessed

  Most people work for 40 years or more before they retire. That’s a long time to commit yourself to building your retirement nest egg. Not to mention taking 25 or 30 years of that to buy your home. Did you ever hear that Bill Gates quote – I think it’s Bill Gates – Might be Tony Robbins… “Most people overestimate what they can do in one year and underestimate what they can do in ten years.” ― Bill Gates or Tony Robbins… Maybe some …

Suddenly the rainbow ends in South Australia – will other follow?

South Australia is burdened with the highest unemployment rate out of all the Australian states. It also had a sluggish economy, and its property market drags its heels like a sulky kid who dropped his ice-cream. But a few years ago the South Australian government conceived of a plan to change all that. It’s been slowly phased in over the last year or so and sometime this year it will be in full effect. The SA govt has bravely gone where no other state government …