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  1. P

    Australia Meetups (2019/2020)

    MEETUPS 
    Well I'm in for this week too if that works for everyone who is trying to make it. Suggest a time and place and I will try to be there.
  2. P

    Australia Meetups (2019/2020)

    MEETUPS 
    Where: How about somewhere in Brisbane CBD? When: Sunday 23rd Dec or Monday 24 Dec Time: Depends on folk who are joining want coffee or beer I'm open to suggestions of other dates and venue though
  3. P

    Australia Meetups (2019/2020)

    MEETUPS 
    I'm in too if it's in Brisbane and the date suits. I've already had a catch up with @Magneto C, hope you can make it too mate.
  4. P

    Essential supplements: Which ones do you take?

    HOT! HEALTH 
    I pick a coupe of different supplements every few months and complete a course of each to give me a boost every now and then. Below are the ones I use Gelatin (its like having the good old bone broth, helps repair damaged cartilage with the added advantage of growing hair, you may be trimming...
  5. P

    Which phones do you own?

    OFF-TOPIC 
    I second that. I was an Apple fan too. Recently moved to Android and can't be happier. iOS is too restrictive. Years back I put up with this for the stability and reliability that it offered as opposed to an android. No longer the case.
  6. P

    Should I Buy a Business? Is it Cheating?

    HOT! 
    Sure, the buyer can guess or hope that that's the case. But guess and hope are not plans or actions that you can take if things turned sour. Everyone, well mostly, want a fair transaction, but unfortunately bad apples do exist. Hence the question. Apart from due diligence, building...
  7. P

    Should I Buy a Business? Is it Cheating?

    HOT! 
    Yes it would be hard to figure out who is behind such a sabotage, let alone do anything in such a situation, hence my musing. But its a good thing you have a good rapport with the seller and know that he is moving onto something else, that's always a good sign.
  8. P

    Should I Buy a Business? Is it Cheating?

    HOT! 
    By the way, I imagine that you would have got the seller to sign a non compete. But I just wonder what level of protection you do get from a non compete agreement in a scenario where the seller is unscrupulous and goes about setting up a new business in direct competition, particularly as he...
  9. P

    Should I Buy a Business? Is it Cheating?

    HOT! 
    Dealing with a lender can be annoying, with having to provide financials and other documents etc not to mention the delays, like you are experiencing, but they do add an extra layer of security in terms of due diligence. I bet you can't wait to get your hands on the steering wheel and drive...
  10. P

    Should I Buy a Business? Is it Cheating?

    HOT! 
    Thanks for the update. Congratulations on reaching this far. Purchasing a business can be a drawn out process as you have a experienced. Did you use a 3rd party to perform the due diligence or did you do it yourself? Which broker site did you end up purchasing from? (only if you are...
  11. P

    How to note ideas during date?

    IDEA LANDFILL 
    Take a toilet break :)
  12. P

    Anyone here from Australia who's investing in RE in US?

    To add to @Mckenzie , and then there is negative gearing, where losses can be claimed against tax paid to offset losses etc on investment properties. But the opposition party is looking at tearing this down or at least limiting it. Anyhow, it would be good to gain the knowledge in investing in...
  13. P

    Anyone here from Australia who's investing in RE in US?

    Not a bad suggestion, but it seems like there are investments in the US that are still a fraction of the cost of buying even in the less expensive cities in Australia. And the other issue of investing in the less expensive cities in Australia is capital growth can be extremely low, obviously...
  14. P

    Anyone here from Australia who's investing in RE in US?

    I've salivated at this too, as the property prices in the US seem a fraction of what they are in Aus. But I've heard the percentage of tenants at the lower end of the market can end up being horror tenants, more so than in Aus making it extremely difficult managing it remotely. But this is only...
  15. P

    5 Years on the Fastlane Forum

    Great story! Very inspiring!! It's amazing how when you look back some of those tough months or years we tend to describe in a sentence or two, when the pain at that moment looked insurmountable. So imporant to plough through it. Well done man!
  16. P

    Owning a portfolio of websites (flippa/empireflippers/etc)

    Thanks @Pesh Do you look for a particular sort of business, like FBA or Dropshipping or Saas? For instance if its a Dropshipping business that uses mostly paid advertising, it would probably be less valuable in my eyes as the advertising will need to be kept up to keep consistent sales. The...
  17. P

    Owning a portfolio of websites (flippa/empireflippers/etc)

    @ay47 Have you bought on Empire Flippers or any such site and made it work? Or anyone else for that matter. Would be interesting to hear everyones thoughts on this.
  18. P

    Owning a portfolio of websites (flippa/empireflippers/etc)

    If you are not going forward in business, it means you are going backwards. There is no holding ground or whatever other phrase exists to imply doing sweet f* all. If the service or offering is not constantly improved, the competition is going to savage you. Of course there may be a few months...
  19. P

    Business Growth VS Time Freedom. How to choose?

    MINDSET RANT 
    Personally, I would grow the business, especially because you have opportunity right at your doorstep and then when you have had enough, sell it. Then invest the proceeds into another 90-95% passive income earner like real estate or something along those lines. The reason being, needs can...
  20. P

    A guide to validating your business idea in a weekend or less

    IDEA 
    Very comprehensive post, thank you! Looking forward to part 2.
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