mustang66,
This is my second post only. I usually just read. I will try to offer some inspiration. I was a single mother with a 6 month old child when I began to build up a property portfolio. I have seven positively geared properties but I did, in fairness begin 7 years ago when property was taking off in Melbourne. Then I followed the wave to Queensland, sunshine coast, Adelaide and lastly Tasmania. I studied Diploma in Financial Markets at the securities institute and obtained it in the evenings. I studied and read while my daughter slept. I worked fulltime shift work and paid a great deal in childcare wages. I got no child support and never had the family support for child care. I renovated a three bedroom house from top to bottom so I could get a great return. I had never tiled or plastered before but I gave it all a go. I knew what not to do myself next time when I renovated a unit that made my best friend cry when I bought. I always bought only if the numbers stacked up.
Now I am just sitting on and watching a modest share portfolio that is upward trending and has done well, while I manage my properties accounts. I still read the finnie every day and am working more part time these days. I have worked hard over the years and made some sacrifices for the long term benefit.
Having a child and being a single mum meant I never had to wait for another persons opinion. I just went for it.
I am 34.
Good luck. Be smart. Assess the upside against the downside. Don’t do nothing!!!!!!!!!!! Read, Read Read…..
