All Topics / The Treasure Chest / 2 jump or not 2 jump

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  • Profile photo of sonarsonar
    Member
    @sonar
    Join Date: 2003
    Post Count: 2
    May 20, 2003 - 6:27 am

    Hi everyone,

    First of all I just want to say that the attitude and experience of all the people on these forums is fantastic to see. This is an excellent example of what a forum should be. [;)]

    As some of you might have noticed with the posts I have placed I am looking closely at lease options as a form of property investment.

    My reasoning being, my initial capital expenditure and debt liability would be minimal however, I can see how wrapping would be an easier process as it eliminates one side of the L/O equation.

    Given I have almost 200K in equity with my primary residence and my weekly income is in no way secure how would you guys go about investing in your first +IP – L/O or wrap[?]

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763
    May 20, 2003 - 6:50 am

    Hi,

    What does this mean:

    quote:

    and my weekly income is in no way secure

    I suggest starting by researching an area that you feel comfortable with, although opportunity exists everywhere when you can find a problem and match it with a solution.

    Bye,

    Steve McKnight

    **********
    Remember that success comes from doing things differently.
    **********

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of sonarsonar
    Member
    @sonar
    Join Date: 2003
    Post Count: 2
    May 20, 2003 - 7:22 am

    Thanks Steve for your response. [:)]

    I’m very comfortable with Property as I am a commercial architect. My reason for looking into property investment is because I would like to be on the side of the fence my clients are on.

    An architects income isn’t as secure or luxurious as many might think. But I have eaquity in my home. Obviously it is better sitting in an investment earning money. Property is an obvious vehicle for me. Whether it is thu’ wrapping or L/O is fine by me. I am not afraid of working if the time spent isn’t in vein.

    I was hoping to get someones perspective on what my options might be to begin my career in property investment given what I have. All of the people on this forum are obviously realists and I respect that as I am a black or white answer guy. [:)]

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