Starting My Portfolio

Viewing 4 posts - 1 through 4 (of 4 total)

spapas06
Member
@spapas06
Join Date: 2007
Post Count: 1
February 25, 2007 - 4:10 am
I currently run a cafe bar in the heart of the city in Melbourne. I am looking to exit this as it is not a long term business that will give me the lifestlye i am after. As i will be seeling the business very soon, me and my business partner will have between $80,000 and $150,000 to invest.
My query and help that i need is where to start. I have read all of Steve’s book and it has been the greatest help so far but im also looking for some advice that will help me in starting my portfolio.
For instance what strategy to use in making profit. Where to start investing. And how i can quickly acquire cash flow properties in a short period of time. If anyone can please help it would be of great appreciation.
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
February 25, 2007 - 4:38 am
Hi spapas06,
I am also based in Melbourne CBD. I can’t give financial advice, but I have been involved in the property game for a long time and I’m always happy to chat about the subject. I’m also always looking for an excuse to get out of the office.
Regards
Alistair
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
February 25, 2007 - 11:24 am
Alistair is a regular contributor to the forum so if you need someone in the immediate area take him up on offer for a chat.
Cheers
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
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The Contrarian
Member
@the-contrarian
Join Date: 2005
Post Count: 97
February 26, 2007 - 7:28 am
Have you considered keeping the cafe for the interim…?
It sounds like you already have a prime location…
Can you work your bottom line a bit more perhaps…?
For eg. Say:
Current turnover $5000
Current costs $3000
Profit $2000 p/w
If you could reduce the overheads to $2500 per week and
increase sales by just 5% to $5250. That’s an extra $750 profit each week.
New turnover $ 5250
New costs $ 2500
New profit $ 2750
By lowering your bottom line… and increasing turnover by just 5 %…
You could be making 38% more profit each week.
Increase profits by 10% (to $3000)…
That’s a 50% increase in profits each week.
Know your bottom line.
Perhaps once you’ve done this… you could train someone to manage it for you… Give them a commission of business for incentive… work elsewhere and keep the cash flow coming in.
Just a thought.
cheers,
Anthony.