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General Property Investment Mistakes That Can Cost You Your Financial Freedom

Monday, 08 February 2010 15:26 Hannes Dreyer

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Have you also made these mistakes? – Now is the time to learn, from those mistakes so that you will not fall in the same trap next time you invest in property.

Comments

+1 #1 Leon Nel 2010-02-08 19:05

Would like to have a personal anlysis by Hanes of my current situation to select shortest route to becoming financially free. Is this vailable and at what cost. Currently doing advanced build-a-web course and want to do internat business course after that, so do not want to do property pro course now. My wife and I see property as our route to financial freedom so would love some help in this area.

+5 #2 Will Theron 2010-02-08 19:07

Hi Hannes
Ek het 'n eiendom wat ver onder gemiddeld presteer. Ek het al van hulle probeer verkoop maar sonder sukses. Daar is nog R600 000 uistaande en die eiendom wil nie eens verkoop teen daardie prys nie.Ons is 'n QuickSale opsie aangebied deur FNB. Worse case scenario gaan die eiendom verkoop vir 80% van sy waarde en ek gaan sit met ongeveer R100 000 skuld by FNB. Dit gaan my cashflow na die eiendom halveer as ek dit spry oor 20jaar, maar ek sien dit as 'n exit strategy. Andersins gaan ek kontant bloei vir nog ongeveer 6 jaar voordat dit gelykbreek as die rentekoers dieselfde bly.

Wat sou jy doen?

Dankie.
Will

+1 #3 Leon Nel 2010-02-08 19:08

I would like to have a personal analysis by Hannes of how to get to be financially free - currently doing advanced build - a - web course and want to do internat business course after so do not want to do property pro course now, but would like to take action! Is personal evaluation available and at what cost?

-1 #4 Justus Hattingh 2010-02-08 22:26

Dr, Ek sal graag u web netwerk wou adverteer by my mense wat kom vir hulp en wat ook na my web kom kyk. Maar hoe gemaak, ek weet nie of ek u web as 'n link mag op sit nie. Ook adverteer ek ander se websites se links. Dit help darm met die koste, as ek mag sou dit 'n eer wees. Dankie.
Justus Hattingh

0 #5 David Mosimane 2010-02-09 08:49

Hi Mr Dryer

i would like to thank for all your work and information you have provided. Sir i am worried about the way forward for me after i buy my Formula for Riches Book, because of financial constraints,wil l i be given training on how to apply the formula for riches even if i cannot be able to attend the workshops that you have , because they don,t come cheap and are not fro free pls advice.

Your,s Wanting to Change
David Mosimane

0 #6 David Mosimane 2010-02-09 09:09

Hi Sir

I have been your student for almost a year through JHB University Initiative backed by BHB BILLITON, thats where i met Leon and to be honest with , i am still poor and not making more money.

I need to change my Life and you are the person who can help me do that, or i might be doing something wrong .Pls help me to use this book.

Regards
David mosimane

0 #7 Dr Hannes 2010-02-09 17:20

Quoting Leon Nel:

Would like to have a personal anlysis by Hanes of my current situation to select shortest route to becoming financially free. Is this vailable and at what cost. Currently doing advanced build-a-web course and want to do internat business course after that, so do not want to do property pro course now. My wife and I see property as our route to financial freedom so would love some help in this area.

Quoting Leon Nel:

Would like to have a personal anlysis by Hanes of my current situation to select shortest route to becoming financially free. Is this vailable and at what cost. Currently doing advanced build-a-web course and want to do internat business course after that, so do not want to do property pro course now. My wife and I see property as our route to financial freedom so would love some help in this area.

Sorry Leon I do not do any personal consultations. I am a mentor (teacher) not a consultant or advisor. I teach people how to think for themselves and how to evaluate their own financial position. Well done on your decision to do the advance web course - Why don’t you get the free DVD seminar on property investments in uncertain times at www.propertyschool.co.za

0 #8 Dr Hannes 2010-02-09 17:24

Quoting Justus Hattingh:

Dr, Ek sal graag u web netwerk wou adverteer by my mense wat kom vir hulp en wat ook na my web kom kyk. Maar hoe gemaak, ek weet nie of ek u web as 'n link mag op sit nie. Ook adverteer ek ander se websites se links. Dit help darm met die koste, as ek mag sou dit 'n eer wees. Dankie.
Justus Hattingh

Justus jy mag maar - met www.TheFormulaForRiches.com is daar selfs affiliate kommissies wat ons betaal - gaan kyk onder affiliates op FFR

0 #9 Dr Hannes 2010-02-09 17:27

Quoting Will Theron:

Hi Hannes
Ek het 'n eiendom wat ver onder gemiddeld presteer. Ek het al van hulle probeer verkoop maar sonder sukses. Daar is nog R600 000 uistaande en die eiendom wil nie eens verkoop teen daardie prys nie.Ons is 'n QuickSale opsie aangebied deur FNB. Worse case scenario gaan die eiendom verkoop vir 80% van sy waarde en ek gaan sit met ongeveer R100 000 skuld by FNB. Dit gaan my cashflow na die eiendom halveer as ek dit spry oor 20jaar, maar ek sien dit as 'n exit strategy. Andersins gaan ek kontant bloei vir nog ongeveer 6 jaar voordat dit gelykbreek as die rentekoers dieselfde bly.

Wat sou jy doen?

Dankie.
Will

Gaan kyk my gratis Video oor Property Investments in Uncertain times - die antwoord is daar. Jy kan by die videos uitkom as jy 'n member word by www.propertyschool.co.za - membership is gratis

0 #10 Dr Hannes 2010-02-09 17:33

Quoting David Mosimane:

Hi Mr Dryer

i would like to thank for all your work and information you have provided. Sir i am worried about the way forward for me after i buy my Formula for Riches Book, because of financial constraints,wil l i be given training on how to apply the formula for riches even if i cannot be able to attend the workshops that you have , because they don,t come cheap and are not fro free pls advice.

Your,s Wanting to Change
David Mosimane

David you do not have to do any course to become rich. Simply apply what you have learned in the book - you know the Formula now go and APPLY it.

0 #11 Dr Hannes 2010-02-09 17:38

Quoting David Mosimane:

Hi Sir

I have been your student for almost a year through JHB University Initiative backed by BHB BILLITON, thats where i met Leon and to be honest with , i am still poor and not making more money.

I need to change my Life and you are the person who can help me do that, or i might be doing something wrong .Pls help me to use this book.

Regards
David mosimane

You can be a student for 50 years but unless you do what I tell you to do you will stay POOR. Go and apply what you know. I'm not going to help you - you must learn to help yourself - this is why I give you the Formulas and systems to become a wealth creator. But YOU HAVE TO DO IT YOURSELF. NO ONE BUT YOU can help you - the sooner you learn this lesson the better - you can thank me when you made your first million for this bit of free advice

+1 #12 Leon 2010-02-09 23:06

Quoting Dr Hannes:

You can be a student for 50 years but unless you do what I tell you to do you will stay POOR. Go and apply what you know. I'm not going to help you - you must learn to help yourself - this is why I give you the Formulas and systems to become a wealth creator. But YOU HAVE TO DO IT YOURSELF. NO ONE BUT YOU can help you - the sooner you learn this lesson the better - you can thank me when you made your first million for this bit of free advice

I have experienced this first hand. About three years ago, I have read the book for the first time. I have read it now for the third time. Each time I learn something new.

Things only started to change when I changed my modus operandi of working with money, in line with the formula.

But there is no quick fix either!

I have started to take Responsibility by educating myself, and then by unlearning some of the consumerism behaviors and other bad habits, and learned how to think differently - Like a wealth creator.

I must also confess, going against the opinion of the masses, was not easy, as I had to explain to friends and family why I am doing what I was doing.

So we need to challenge our current beliefs about money which are keeping us poor - I am under the impression that the evidence of the result of our belief system are our bank accounts.

For most people it is not easy to change. For me the changes within myself accelerated when I did the 49 day kaizen-wealth.com personal challenge. It was not easy to keep up, but I did it.

Not long after this challenge I was able to get rid of my car debt, and I was back on the track of the Formula For Riches. A lot of positive things happened after that.

I still have a lot to learn and improve in my life, but don't we all?

0 #13 Estelle 2010-02-11 08:52

Hallo Hannes

Ons volg reeds geruime tyd jou beginsels van eiendomme aankoop. Ons het reeds heelwat eiendomme aangekoop en het maandeliks 'n R5000 surplus op ons eiendomme. Ons laaste eiendom is aangekoop in 2006 voor die groot opswaai begin het. Nou wil ons weer eiendom aankoop - wat voldoen aan jou beginsels maar sukkel nou om finansiering by die banke te kry.
Enige advies oor hoe ons by die banke kan regkom? Die eienaar soek die geld en wil nie aan ons 'n verband gee nie.

0 #14 Dr Hannes 2010-02-12 05:46

Quoting Estelle:

Hallo Hannes

Ons volg reeds geruime tyd jou beginsels van eiendomme aankoop. Ons het reeds heelwat eiendomme aangekoop en het maandeliks 'n R5000 surplus op ons eiendomme. Ons laaste eiendom is aangekoop in 2006 voor die groot opswaai begin het. Nou wil ons weer eiendom aankoop - wat voldoen aan jou beginsels maar sukkel nou om finansiering by die banke te kry.
Enige advies oor hoe ons by die banke kan regkom? Die eienaar soek die geld en wil nie aan ons 'n verband gee nie.

Eerstens baie geluk - dis altyd lekker om sulke nuus te kry - veral in die tye waarin die meeste mense hulle bevind - maar ek dink nie julle volg my beginsels nie - kyk weer na die MERCEDES PRINCIPLE ek kyk of julle dit volg.
Indien wel - gaan sien 'n ander bank - daar is meer as een ingeval jy dit nie weet nie.
Gaan kyk ook dalk weer na my gratis video oor Property The Road To Riches - in uncertain times jy sal 'n paar tips daar optel en doen dan weer die DVD Property Investment Kursus voor julle weer koop

0 #15 Anna Maureen 2010-02-13 14:52

Beste Hannes,
5-6 jaar gelede het ons 'n huis in Hatfield gekoop wat uiteindelik ons huwelik laat disintegreer het omdat ons nie on saamstem/saamstaan nie. Die volgende jaar het ons saam 'n "duur" kursus deur jou bygewoon. Ek het daaruit verstaan dat ons 'n baie goeie kopie gedoen het. Vandag wag ek op 'n 3e aanbod van die universiteit om hierdie huis te koop en ek byt vas en sal nog vasbyt vir solank as wat nodig is, om my prys te kry. Ek het elke jaar 'n goeie inkomste uit die huis gegenereer. Hierdie jaar dek ek ook my uitgawes, maar dis op die oomblik maerder as ander jare. Ek hoop om egter uiteindelik oor die volgende 10 maande beter te doen - huisvesting in Hatfield teenaan die sportvelde is 'n bonus. Sal egter graag na internet bemarking wil kyk. Het 5 kamers beskikbaar vir bed en ontbyt /sokker 2010 Groete, Maureen EloffQuoting Leon Nel:

Would like to have a personal anlysis by Hanes of my current situation to select shortest route to becoming financially free. Is this vailable and at what cost. Currently doing advanced build-a-web course and want to do internat business course after that, so do not want to do property pro course now. My wife and I see property as our route to financial freedom so would love some help in this area.

+1 #16 Emil 2010-02-13 22:12

Hallo Hannes, I am a student of yours for almost 4 years and bought my first property using your Property Pro System and FFR in November 2008. It was a great learning experience and in October 2009 I bought an even better Property after doing the calculations you tought us. This last Property has an infinite return and I can't wait to find the next Property to purchase. It took almost 4 years to get to this stage in my life and like you taught me - if there is nothing to do (the calculations don't work) then you do nothing. Also quoting Leon above: For most people it is not easy to change. For me the changes within myself accelerated when I did the 49 day kaizen-wealth.com personal challenge. It was not easy to keep up, but I did it. I still do my best to improve everyday in all 7 aspects of my life...

0 #17 GR 2010-03-10 09:39

Hi Hannes, do you have any articles on buying very undervalued properties that need serious TLC, renovating them and selling them on? I am particularly interested in the CGT and transfer costs that need to be taken into consideration when calculating the renovation and running costs(bond).

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