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Hi Steve, Thanks for the news letter. You have asked that I share some hints with others less experienced Well lets try, I’ve just started my investing since reading one of your books and have just purchased my first positive cash flow property so less experienced others may be hard to find. Steve the best advice I can give is to research & research I believed I understood the property market-having been in real estate/building trade and finance for the past 20 yrs but I could never get my head around negative gearing- just didn’t suit me then I read your book and anything else I could get my hands on. It was like a light had been turned on.
What I do have to offer those that are just beginning is that at first the prospect of positive cash flow property seems almoat impossible but look! and look again- they are there, use the ideas that Steve suggests with regard to value adding
Be patient-when you find a good deal it makes up for all the hours of wild goose chasing that you have probally done.Until next time. regards Laurel.laurel proposch
Hi Steve
A topic I would be interested in and I believe others as well is the subject of self employed borrowers funding properties that do not fall in the mortgage insurers post code areas. the prospect of using up all the equity in the first couple of purchases I believe must be a problem for many of us. I know there is a solution I have just not discovered it yet.laurel proposch