HI I HAVE READING STEVES NEWSLETTERS SINCE THE START AND HAVE NEVER EVEN ENTERED THE FORUM AREA ALWAYS NOT KNOWING IF ITS FOR ME OR NOT. I’LL GIVE A BRIEF OUTLINE OF WHAT I HAVE AND WOULD LOVE SOME ADVICE ON WHERE TO START:-
I AM 50 MY HUSBAND IS A BUILDER AND I DO ALL THE BOOKWORK (WHICH HAS NEVER BEEN MY FAVOURITE THING JUST WHAT I DO) WE OWN 2 FACTORIES & 2 UNITS OUTRIGHT AND ANOTHER FACTORY HAS A LOAN OF $40,000. BUILDING HAS BECOME SUCH A TRIAL TO GET AHEAD IN NOWDAYS WITH GST, RED TAPE, UNAVAILABITITY OF GOOD TRADESMEN ETC. HAVE WANTED TO DO SOMETHING DIFFERENT TO MAKE A LIVING FOR YEARS BUT WE TRIED TO GET INTO SOMETHING ELSE AND GOT RIPPED OFF FOR A LOT OF MONEY SO IT WAS BACK TO BUILDING. WE HAVE A LOT OF BUILDING KNOWLEDGE WHICH IS A GOOD THING BUT NOT SURE WHERE TO GO FROM HERE, IF WE DONT BUILD HOW DO WE GET AN INCOME TO LIVE ON. I WOULD LOVE TO BECOME THE BREADWINNER AND GIVE MY HUBBY A LESS STRESSFUL LIFE.I suspect you have already started.
Few people come here asking how to start that already own 5 properties!
Why not build on what you have? Factories get high yields, you know how to create, tenant and manage them so why not create some more?
How many would you need to cut your husbands work down to a level where he just needs to do as much or as little work as he chooses?
Wish I owned the factories that you do …..
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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