Where on the US East coast?

[mickthepropertyguru]

Olly,
people come here to share information on the pros and the cons of investing abroad. This is not a place to pick up leads (increase your database) or to 'qualify people' (first step of box and close).
Why don't you give us an idea as to how the investment you are hinting at works and then let people make up their own mind without having to prove to you that they are a valid customer ! investment and return, risk etc
If you are not prepared to do this then don't issue posts looking for leads.

[Olly]

Originally Posted by Investy

Olly, why did master of the iniverse heavy weight investors bother putting money into sub prime mortgages which returned on average about a 6% yield despite heavy risks, when all along all they needed to do was contact someone like you with a portal to easy big profits?

Why do you want to share these easy profits with me a total stranger? Richard Branson doesnt come on here wanting others to get his inside secrets!!

Dear Investy...

LOL!!! I was attempting to rise to one half of your challenge..."In other words, no agent I've ever met has a portal into profits - he would be too busy milking those profits rather than sharing with me."

Here I've laid myself open to your challenge - at least the first half statement - and provided access to the profit portal. As for the second half of your statement; leaving aside the reference to 'milking' those profits, I am indeed offering you a crack sharing. Why? Well, simple reason is that the more HNW individuals I interact with and prove the 'value' of my services, not surprisingly, they then tend to trust my judgement further. In most cases for years forward.

That's my experience and if you think about it, good practical experience & services people tend to boast about. Often they reward the individual by referring others. Any salesman will confirm the best business they ever deal with is personal recommendation.

So, no 'smoke & mirrors' it was a genuine offer...and still is. The only qualifier is proof of funds, else you'll not be able to reap the rewards. Just like the wealthy people who make truly enormous profits this way, you'll need your personal stake.

And, before the skeptics run riot, at no time do I handle anyone's cash. All funds are handled through highly recognised organisations such as the top 25 world banks.

Hope this puts everything back in perspective Investy?

Whatever, wish you every good fortune...

Olly

[oregon woodsmoke]

I've heard from a couple of guys who are doing well in New Orleans. They are doing fix and flip, but think the town has stablized and is starting to come back. That's not east coast, but it's close to it.

Fix and flip would be very difficult for anyone not living in the area, but maybe it is time to start looking at New Orleans for long term hold, again. Tourists are apparently starting to come back and I take that as a good sign.

[Olly]

Originally Posted by mickthepropertyguru

Olly,
people come here to share information on the pros and the cons of investing abroad. This is not a place to pick up leads (increase your database) or to 'qualify people' (first step of box and close).
Why don't you give us an idea as to how the investment you are hinting at works and then let people make up their own mind without having to prove to you that they are a valid customer ! investment and return, risk etc
If you are not prepared to do this then don't issue posts looking for leads.

Dear Mick

Please be very clear; read all and any of my previous statements on this board and you'll see I've never tried to recruit any member into investing in any of the properties I and my team sell & promote. Not even declared the name of the organisations of which I am affiliated.

The public is generally wise to most of the disguises and tricks employed by those seeking to add to their database, as you put it.

Please read my 'public' response to Investy (just posted) before placing me into the unsavoury crowd. My main purpose of entering any blog site is to note what's feeding people's tastes and read the various viewpoints. As a professionally qualified person in this business and a proven track-record, I am often able to differentiate between what's fantasy, fact and a terrific opportunity. In other words, I learn lots of very interesting pointers from these kinds of sites, while others certainly seek to influence and attract new customers. Not that I blame them, all they're trying to do is earn a living.

However, the rich interaction of thought and experiences displayed is both a wonderful leveller and extraodinary stimulant.

This one occasion I answered someone's stand alone request to prove a point the rainbow can exist if you know where and how to find it. That said, he's already proven he can't enjoy the benefits of this profit portal because he probably lacks the funds. (Else no doubt he would have written to me and I would have explained to him in great detail. No disrespect intended Investy)

Mick; this is a friendly site and while I applaud your intervention, I am not in any way conducting a database trawl as I hope you begin to better understand.

Wishing you welll along with all members...

Olly

[Creative Source]

To be fair to Olly,

he did say he is happy to provide a service if you qualify. Of course he will make a commision from it which is why he is offering it so he is not doing it to get to heaven.

CS

[Olly]

Originally Posted by Creative Source

To be fair to Olly,

he did say he is happy to provide a service if you qualify. Of course he will make a commision from it which is why he is offering it so he is not doing it to get to heaven.

CS

Thanks Creative...

Olly

[mickthepropertyguru]

Originally Posted by Olly

Dear Mick

Please be very clear; read all and any of my previous statements on this board and you'll see I've never tried to recruit any member into investing in any of the properties I and my team sell & promote. Not even declared the name of the organisations of which I am affiliated.

The public is generally wise to most of the disguises and tricks employed by those seeking to add to their database, as you put it.

Please read my 'public' response to Investy (just posted) before placing me into the unsavoury crowd. My main purpose of entering any blog site is to note what's feeding people's tastes and read the various viewpoints. As a professionally qualified person in this business and a proven track-record, I am often able to differentiate between what's fantasy, fact and a terrific opportunity. In other words, I learn lots of very interesting pointers from these kinds of sites, while others certainly seek to influence and attract new customers. Not that I blame them, all they're trying to do is earn a living.

However, the rich interaction of thought and experiences displayed is both a wonderful leveller and extraodinary stimulant.

This one occasion I answered someone's stand alone request to prove a point the rainbow can exist if you know where and how to find it. That said, he's already proven he can't enjoy the benefits of this profit portal because he probably lacks the funds. (Else no doubt he would have written to me and I would have explained to him in great detail. No disrespect intended Investy)

Mick; this is a friendly site and while I applaud your intervention, I am not in any way conducting a database trawl as I hope you begin to better understand.

Wishing you welll along with all members...

Olly

I have no doubt that you are excellent at what you do and i sure you do know portals to profit. All your posts prove it and yes of course there should be a fee/commission for your knowledge and service. No of these things are called into question at all. I still give you 10 out of 10

But i and probably some others would like a flavor of what you propose purely out of curiosity but i do understand giving knowledge away is giving power away.
I guess i have a thirst for information and i want to hear more without having to qualify it. Hopefully somebody will take your challenge and report back and see how they got on.

[Olly]

Thanks Mick...

A few more words about profit portals since they are of common interest. By their very nature they are selective. Typically the background to someone entering these high end performance sectors includes an existing portfolio of say, 10-15 properties. Within just a few short years using the methodolgy recognised and 'available' to HNW individuals, their portfolio will likely stand at between 50-80 properties.

Simply having a level of wealth which can be leveraged intelligently, a return of exactly 100% of capital employed is achieved within a specified and guaranteed period. (The guarantee is outside of the property valuation.) Meanwhile, the real cost to the investor is only debt servicing based uopn a current rate of 3.5% (simple, not compound - interest only) per annum. And, no, this is not a mortgage product. Why? Because existing mortgage programmes are moribund when compared to other banking instruments available to HNW people intent upon raising their game plan.

Hope this stimulates members to open their minds to new methods to finance outside the box. Equally, please ensure you find an advisor who is not only sympathetic to your goals, but creative too. Please understand you need to ensure your capital is safe while exploiting fully the use of your capital. Of course, once you've reached a protfolio of 10-15, I'd be delighted to help you realise a 'highly successful' portfolio beyond. (There Mick...even managed to get a short ad for myself in there!!!)

Have fun everyone and please remember, holding property should be both fun, and rewarding, in every sense of the word. So, as the Americans say...'Enjoy'!!!

Olly

[mickthepropertyguru]

Thanks olly, that is very interesting. I think that there is so much risk these days in off plan, renting and selling that there has to be other avenues of investment.

[Olly]

Originally Posted by mickthepropertyguru

Thanks olly, that is very interesting. I think that there is so much risk these days in off plan, renting and selling that there has to be other avenues of investment.

Hi Again Mick

You are absolutely correct. The public has been robbed by the unscruplous, or sadly misled through ignorant and untrained agents often unwittingly selling products about which they know next to nothing.

Thankfully, the tide is definitely turning toward a far better informed public capable of expanding their horizons and discarding verbal & printed horse-manure to its proper recepticle.

Most of the top developers are also using the type of funding I previously referred to as 'profit portals' but with a different slant. Using Bank Instruments cleverly translates into full funding for their project and, thereby, providing full protection to their buyers. Of course they still collect a deposit, but this goes directly into an Escrow Account which is managed through an independent law firm.

Effectively this allows the Buyers funds to remain in tact until the closing. If the developer should go bankrupt in between, the buyer receives a full refund plus interest. However, if the Buyer defaults, only a percentage of their deposit (previously agreeed between buyer & seller) is forfeit.

This, plus developer/buyer partnerships, making use of these 'profit portals' will become common-place begining later this year. A few I know are already underway and many more are at the planning stage.

Best of investing everyone and watch this space to read more about these structured finance options as they appear for buyers...

Olly