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13th December [biggrin]
and it’ll be my 20th b’day this year YAY
Try getting your hands on the Robert Kiyosaki board game “Cashflow 202” the advanced version of cashflow 101
excellent way of mastering options while getting hands on experience without losing any real money while u learn the process
[biggrin]hey a few books, here’s a few i recommend…
Property Smart by terry ryder…. (he used to work as a real estate agent, and exposes a lot of secrets behind real estates and agents… I think the book is meant to turn u off buying property as an investment vehicle but by reading that book it gets u more aware of buying property and helps u understand the real estate industry. Personally after reading a lot of investment books before this, it’s just tought me a lot of things to make sure I don’t make mistakes that a lot of people have… and I think its important to learn a lot from your mistakes, however I think it’s smarter to learn from other people’s mistakes) [wink]
There’s a few books my Margaret loams, eg “how to maximize your property portfolio” and “how to create an income for life” (these are good because she’s also an Australian writer, and like steve she buys real estate properties out of major suburbs, all positive cashflow)
John R. Burley is excellent too, try his book “Australia’s money secrets of the rich- Learn the 7 steps to financial freedom” he’s great with teaching you how to manage your money, eg. Get you out of debt and teach you smarter shopping, e.g buying cars etc…
Dolf de Roos – “real estate riches”
This guy is amazing with real estate…. he made me want to get a job as a receptionist working for a real estate company so I can learn more about real estate.Last but not least… actually he’s my favorite author.
Robert Kiyosaki
I’ve read a lot of his books
– Rich Dad Poor Dad
– cashflow quadrant
– guide to investing
– retire young retire richthis guy is a fan of positive gearing too… you’ll be hooked after reading rich dad poor dad…. Start of with that one…
he’s also coming to australia reall soon YAY
[thumbsup2]hey
i’m not much of an investor yet…
but i’ve been thinking about this question for a while….
and i much prefer positive cashflow myself…
but i guess with negative gearing, i suppose its not bad if u get a negative gearing property when the economy is experiencing a rapid boom….what do u guys think?
its important for tenants to pay rent on time, i would find a new property manager ASAP.
perhaps with your next tenants and properties, as part of the agreement with the tenants you could try this….
say for example the property is worth $100, and that’s what u want to rent it out for, $100…
you should advertise the property on rent for $100… but in the contract specify that the price of the property is to be rented for $110 (tenant subject to a 10% discount if rent paid ahead of time)so technically its for $100…
and if the tenant says “why is it advertised for $100, but here it says its for $110”
you can just say “it is $100, you are planning to pay on time aren’t you”and if they say no. then u know well in advance that they are not going to be paying rent on time
good luck
