G’day all, I,m starting out in the market and have seen some possibly good buys, however using the 11 second guide (and i know its only a guide) it appears that if you stayed with this you would never buy in todays market. I think its a great guide, is ther a modified version that would suit this boom period, if so, would i be able to get a hold of it. I have just received the Buyers Beware pack and i didn’t even think of some of the things on the check list when i was purchasing my own home, what a great package.
Thanks
JJHi JJ
I think you will find that whilst the 11 second solution is still applicable as a guide to positive cashflow properties in certain regional areas, that Steve is now advocating a range of Strategies such as Renovate and Sell and Subdivisions etc.Steve’s latest book is out in the shops this week and is a great read for more up to date info on how the market is going etc, how to find +ve Casflow properties and managing a property portfolio. The latest book title is “0-260+ properties in 7 years”, if you have limited time for reading there is also a bonus CD on the back jacket.
What you need to think about if starting out is what sort of goal are you looking to achieve and then find an appropriate strategy either Growth or Income to match your strategy.
You mention “this Boom” period. I am curious as to which State you are from as the only ones I know of that are booming right now are Perth, Darwin some parts of SE QLD and some mining towns. The rest of the country seems to be either flat or on a downturn.
And Yes I agree Buyer Beware is a great package as are the rest of Steve’s Products. I have most of them and find the constantly useful. I have also spent the last 12 months on Steve’s Premium RESULTS Mentor Program so have been priviledged to hear some of this stuff first hand.Warm Regards
SueMIT | Owen Real Estate
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