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Hi Beth
Firstly, thanks for the reply. I was a little apprehensive using the forum as I was wondering if I would receive a reply.
However, I personally am not in a financial position to start buying. Being a uni student, money is not easy to access, nor does it come in in lumps (pity). At the moment I am “TIME RICH, not MONEY RICH as I am currently on holidays from uni. I was using the break time to begin reading Steve’s books, hence my desire to start somewhere, especially as I would like to use this idea to start building some wealth for future purchases in real estate.
I was more looking into the idea in building some sort of financial strength by passing on some real estate opportunities that may interest someone looking to invest. I thought I would piggy-back on the idea in Steve’s book on the strategy of “Robbo” (a MAPPER) who not only built a substantial portfolio for himself, but also money from flicking properties to other investors.
What “Robbo” did is what I am looking at. However, I am not sure what he did. I would assume he did a lot of “foot work” in regards to the deal, (i.e. look at the rental figures; the ongoing costs; etc) than looking for an investor who may be intersted. Or, what other ways would he have gone about it?
This is unchartered ground for me so this may work, or it may fall on its face, however, I’m still going to be thinking of ways to start. Steve, suggests looking for someone opposite to yourself; I’m TIME RICH, but not MONEY RICH.
Let me say, my wife and I bought a great big Qlder when we married. My only apprehension in looking to buy another one is the cost to renovate. We did 60% of the renovations to the house ourselves, the remainder by professionals. Though at the time I wasn’t looking at real estate as a form of passive income. However, I feel this is may be the season to start, though money to start will be an issue for a couple of years as I have 2 yrs to go before I complete my degree.
Thanks again Beth
Exodus.