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cheers mate,
(you can now change your screen name
)call me completely naive…but is there not a big risk in engaging someone who charges a % of the sale price to 'negotiate the price down' for you????
thanks mate that is helpful
Gday Mate,
I think being a plumber is an excellent career choice, i would suggest doing what you enjoy and what makes you happy. The reality is that if you are going to be rich it wont be from a wage or a salary, it will have to come from how you create money through businesses and investments. Don't just limit yourself to property there's heaps of options out there, shares for instance have lower transaction costs, you can buy and sell in quantities you chose and you can buy sell instantly…might be a good starting point.
Read as much as you can, the Robert Kiyosaki books are a great start if you haven't learnt much about managing your money…you can grab them cheap off ebay. Learn as much as you can, read, dable in the share market, keep your eyes on the guys who have finished their apprenticeships and have gone out on their own, keep their details for when you consider going out on your own, ask if they need help on the weekends learn how they get new business in the door.
Start small and early – I was the only 16 year old kid in school with money in a managed fund and the only kid in my uni course that bought shares…all off a McDonald's wage.
Remember its not how much you earn, its how much you keep.
Cheers,
AndrewQuestion – Hypotheticcaly speaking.
To find a positive geared property from purchase everyone says 'research research research' but this is where i get confused…(assuming i am getting a loan equal to the market value) if the market is working correctly a given property for sale that has a high future rent return…shouldnt that future income potential of the property then be factored into 'todays' sale price? and hence the seller can bump up the asking price and at a minimum bring it down to a neutrally geared property? From your experience are positively geared property from sale either:
– have a lower capital gains potential?– selling for reasons out of the ordinary?…deceased estates or divorces..
also, alot of books (i.e. robert kiyosaki) recomend buying foreclosures..etc has anyone actually done this?
Hi Guys,
Thanks for the tips, i first heard about the st george 100% at a seminar and one of their major selling points was st george is one of the few (if only) bank left offering 100% lvr.
Kuade – thanks for teh RpData tip, it is a wealth of information. I first heard of it when a guy sat down next to me in a lecture at uni, he had just started working for a real estate ageny (which means they get free access to the reports), he asked me my last name and typed it into his laptop then pulled up a picture of my house, how much my parents paid for it, ….details, details…etc i was a bit taken back at first didnt realise all that info was so widley available!
Cheers
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