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Margaret Lomas hates positive cash flow propertyMargaret Lomas hates positive cash flow propertyby FITZROY on 2005-01-17 14:48:06 http://theage.com.au/articles/2005/01/16/1105810772993.htmlI am not saying that that this is not sensible advice, I have seen worse, but why is it that I cant read it without reaching for the bucket ? Is it the 'nouveau riche' ostentatiousness ? A certain lack of class and humility ? I dont know.... Margaret Lomas hates positive cash flow propertyby GREGORY TOOMEY on 2005-01-18 10:05:12 Fitzroy wrote:> http://theage.com.au/articles/2005/01/16/1105810772993.html > > > I am not saying that that this is not sensible advice, > I have seen worse, but why is it that I cant read it > without reaching for the bucket ? > > Is it the 'nouveau riche' ostentatiousness ? > A certain lack of class and humility ? > I dont know.... I've got a great cash flow property plan too - commercial real estate at a 9% yield where tenants pay outgoing expenses. Anyone recommending buying lots of individual cottages or a credit card for mortgage reduction has rocks in their head. gtoomey Margaret Lomas hates positive cash flow propertyby CHRIS P on 2005-01-17 22:01:43Gregory Toomey wrote: > Fitzroy wrote: > > > http://theage.com.au/articles/2005/01/16/1105810772993.html > > > > > > I am not saying that that this is not sensible advice, > > I have seen worse, but why is it that I cant read it > > without reaching for the bucket ? > > > > Is it the 'nouveau riche' ostentatiousness ? > > A certain lack of class and humility ? > > I dont know.... > > I've got a great cash flow property plan too - commercial real estate > 9% yield where tenants pay outgoing expenses. > > Anyone recommending buying lots of individual cottages or a credit > mortgage reduction has rocks in their head. > > gtoomey anyone recieving monies for giving advice should have to be licensed and i cant see any asic number on her website, would love to see how many cashflow positive residential properties are floating around at the moment for her to buy. anyway just got back from 3 weeks in vietnam and can highly recommend a visit there to anyone. Chris P Margaret Lomas hates positive cash flow propertyby GREGORY TOOMEY on 2005-01-18 17:05:51 Chris p wrote:> > Gregory Toomey wrote: >> Fitzroy wrote: >> >> > http://theage.com.au/articles/2005/01/16/1105810772993.html >> > >> > >> > I am not saying that that this is not sensible advice, >> > I have seen worse, but why is it that I cant read it >> > without reaching for the bucket ? >> > >> > Is it the 'nouveau riche' ostentatiousness ? >> > A certain lack of class and humility ? >> > I dont know.... >> >> I've got a great cash flow property plan too - commercial real estate > at a >> 9% yield where tenants pay outgoing expenses. >> >> Anyone recommending buying lots of individual cottages or a credit > card for >> mortgage reduction has rocks in their head. >> >> gtoomey > > anyone recieving monies for giving advice should have to be licensed > and i cant see any asic number on her website, would love to see how > many cashflow positive residential properties are floating around at > the moment for her to buy. anyway just got back from 3 weeks in vietnam > and can highly recommend a visit there to anyone. > Chris P Maybe, but then again maybe not. The Investors Club & Henry Kaye seemed to get away with it. I don't think your need to be licensed to write mortgages, and certainly not to give seminars. But http://www.edestiny.com.au/ has all the "classics" signs - offering mortgages (and probably selling properties), seminars, courses, etc. gtoomey Margaret Lomas hates positive cash flow propertyby TOM N on 2005-01-18 13:27:50 Fitzroy wrote:> http://theage.com.au/articles/2005/01/16/1105810772993.html > > I am not saying that that this is not sensible advice, > I have seen worse, but why is it that I cant read it > without reaching for the bucket ? > > Is it the 'nouveau riche' ostentatiousness ? > A certain lack of class and humility ? > I dont know.... This extract is rather telling: "What was your first investment? A two-bedroom unit in Cairns in 1997 " First book published and reviewed in Your Mortgage magazine, Oct 2001 (allowing for printing schedules, the review would probably have to have been written a month earlier). Let's say she took a year to write the book, get it published, printed and reviewed (probably much longer than that in reality). She must have started writing books no later than Sep 2000. At that time, she had between 2.75 and 3.75 years of experience as a property investor. Kind of looks like she became a property investor so that she could start a "guru" business flogging related services. Margaret Lomas hates positive cash flow propertyby TRAVIS MORIEN on 2005-01-18 06:12:00Chris p wrote: > anyone recieving monies for giving advice should have to be licensed > and i cant see any asic number on her website, would love to see how > many cashflow positive residential properties are floating around at > the moment for her to buy. anyway just got back from 3 weeks in > and can highly recommend a visit there to anyone. > Chris P The real estate industry has lobbied hard to retain its exemption from licensing requirements. Anyone recommending a financial product, like a $50 investment in a term deposit, needs to be licensed or authorised by a licensee, but no license is required to recommend someone invest in a million dollar "off the plan" development. Travis www.travismorien.com Margaret Lomas hates positive cash flow propertyby TRAVIS MORIEN on 2005-01-18 08:10:06Tom N wrote: > She must have started writing books no later than Sep 2000. At that > years of experience as a property investor. > > Kind of looks like she became a property investor so that she could > services. While a plan to become a guru is a possibility, one should not overlook the possibility that she simply looked at the returns on her property and began to confuse brains with a bull market. Travis www.travismorien.com
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