Peter Spann Strategy, anyone made it? | Thread profile

Hi Friends, This is Peter Spanns '7 years to retirement' stratergie in a nutshell. 1/ Buy IP with basic renotation potential. 2/ Renovate property 3/ Draw down 'new instant equity' 4/ use as deposit on next IP 5/ Do it all again 6/ At some point, wait a year, draw down new equity and invest into '7 power performing selection critera shares' or now he pushes quality ...

I've read a few of his books. I did mine in reverse a bit. Made money on the stock market for IP deposit, then did the buy and hold, take equity, buy and hold....etc

Thats my strategy. But after 10-12 yrs - i have paid of the PPOR. Got 4 additional properties but am still working 9-5. But i have increased equity and can draw upon that for a number of purposes eg. holidays, school fees etc. The key to this strategy is having control over say $2m worth of property. If it goes up by 8% - you have made $160,000 by sitting on your Ar#%. ...

Quote: Originally Posted by crc_error Hi Friends, This is Peter Spanns '7 years to retirement' stratergie in a nutshell. 1/ Buy IP with basic renotation potential. 2/ Renovate property 3/ Draw down 'new instant equity' 4/ use as deposit on next IP 5/ Do it all again 6/ At some point, wait a year, draw down new ...

When I read Pete Spann back in about 2000, there was no mention of shares and what not. It was all property, and the process was buy, renovate, rent out, draw down equity, go again ra, ra. Interesting read, but I remember thinking at the time that there was a smidge of BS about the whole deal. He got from broke check-out-chic to financial freedom far too soon for mine. My first ...

Quote: Originally Posted by L.AAussie He kept rattling on about his "beautiful friend" at different stages which got annoying. The guy looked like Michelin Man with "geek" glasses on his bonce at the time; let's be fair dinkum. In his book he keeps talking about his "mentor" and his "beautiful friend". From ...

When i read his book, i found that his strategy seemed to hinge on having IPs with almost neutral cashflow. I sat there wondering how his strategy could work in a market that rarely sees a property that's cashflow neutral. I decided to put my own spin on it, by extending the time period, buying with a 90% LVR instead of 80%, and using some of the CG to capitalise the interest, instead of ...

Quote: Originally Posted by L.AAussie I seriously doubt his original theory would work too well currently, so the shares angle slips in. IMHO,I would the time and study the way the prices have gone on these two..FXI,CCP, make up your own mind ..willair.. http://www.investordaily.com.au/cps/...79BCD-21E2E 0E3...

now he isn't promoting the property side of things, but wonderful macquarie 100% finance capital protected products. 2 years ago he said 'mortguage the kitties' on this product http://www.macquarie.com.au/retail/a...es1_report. pdf and its paid out a 0.2% PA return since Jan 06.. when your paying out 8% PA for the loan, it doesn't make a good mix!

Quote: Originally Posted by Witzl It's worth noting that he's from brisbane, and based his book on his experience in the brisbane property market, which has in the past usually had pretty high rental yields... AFAIK actually I believe most of his property was purchased in Sydney.