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 …

You Only See What you Want To See (and the precious gem hidden in that)

I live in Byron Bay – the place has got a reputation. You ask anyone who doesn’t live here about Byron and they’ll tell you it’s all new-age and full of hippies. What I’m about to discuss is going to make me sound like a Byron, Bay hippy… I call coincidence! I want to discuss the notion of people only seeing what they want to see. That we see reality based on our beliefs and only our beliefs. And I want to present some evidence …

Forget Sorry Forget No – Get The deal

It’s interesting how there are some things that get passed down through the generations. Maybe it runs through the culture. In the states, you get hardcore right wing bible bashers and there’s something in the fact that America was colonised by first, Spanish Iberian Catholics, then by Portuguese and French missionaries, then by the puritan Calvinists… It’s no wonder religion, god and the bible still form such a strong part of their culture. Whether everyone believes in god or not, you only have to hear …

The Universal Cost Of Inaction

I was on a sales call once… By that I mean that there was a guy on the phone trying to sell me something, and he said something that, at the time I wrote off as sales trickery. He said “you’ve got two choices, you can either keep going the way you’ve been going or you can choose something new and get results you’ve never got before”. You’ve probably heard something akin to this before if you’ve been in any kind of wealth or success …

New rules for developers – but who cares?

I’ve noticed that some councils have started to allow people to build much more on house blocks. It used to be that a 350 sqm block used to be the smallest house block you could build on… And you could build one house, and that’s all. Architects, small developers and a population increasingly worried about affordability have been pushing for smaller options. There’s already a “small house movement” where people are building homes on the back of large trailers… But now some councils are dipping …