The foolproof way to find the true property value

What’s a commercial property worth? Its value is as much as a piece of string is long. Defining the value of a property is the job of valuers, and I don’t envy them – it’s not an easy job. It’s full of guesswork and unquantifiable things. I was looking at a student deal the other day – (It’s not a done deal they are at the initial investigation stage) There was a retail space with a residential space above. The retail was leased – a …

Are Your Assets Wrecking Your Life?

Here’s a description of some investors that you’ve probably heard. It goes like this: “Asset rich… Cash-poor.” We’ve all heard that description, right? I get that having assets is great for a long-term strategy… When it’s time to retire at 65 or 70, you’ll be in a good place… But to me… I believe that it’s the biggest con ever perpetrated on the general populace. It’s like living in poverty in the vague hope that you will be living on easy-street later in life. Die …

The 5 things you must monitor (For Commercial Opportunities)

Any idea what zone your house is in? Most people have little idea… And if they do know the name of it, even fewer people know what that means, what you can build there and what the local council wants in that area. And I’ve got one more… An even tinier number of people are up to date with that information. The reason is that councils change the zones regularly and change what that actually means and what they want in that area even more …

Why ‘Thinking’ is Useless for Achieving Success

Where do we think from? Most people would say that it’s the head… Or the brain that does the heavy lifting in that area. Think about thinking for a second and point to where it’s happening and 98.7% of people will point to their head. A few new-agers will point to the heart. The rest will give you a blank stare. For me I can see that the brain does make a lot of noise. Whether that is actually thinking or not depends on whether …

This could be an untapped commercial goldmine

Chances are that you’ve heard news of Amazon coming to Australia and people claiming it’s “end days” for Australian retail. Manufacturing in Australia is also looking pretty shabby for the most part… the big car plants have all been outsourced to Asia… And of course china is flooding the market with products so cheap that no one here could ever compete… So where do we look for safe places to buy commercial in industries that are on an upswing, not a downswing? Well, a recent article …

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 …