3.
100% loans when starting out are frought with danger.

why do you say thay?

Congratulations! Youshould purchase thelatest issue of Australian Property Investor Mag for a very inspirational story about a lady who did just as you are doing now.
Best Of Luck!

I to am interested in buying my first deal through a bird-dog, can I ask does anyonw know if their fee’s are tx deductuble? Do you think this is a good way to start out? I do have plently of time and a bit of money but not sure exacaly what to look for in a deal so I feel it would be good to get me on my feet. I would to prefer to start out investing in Australia and prehaps make my way up to NZ.

regarding first post. I think from reading Steve’s 2nd book he didn’t actually have 130 properties but had purchased that many and sold many to buy bigger investments, I could be wrong, try asking Steve??
I’m sure banks take inconsideration the rental you’ll get from your properties and they’re cash posative then you should be ok to buy more properties. Sounds like a question for mortage adviser!

In regards to starting your own business,in the ‘rich dad, poor dad’ series he writes ”always think : “how can I serve more people, do less work and make more money” We to are hopeing to set up a cabnit making firm in Port Lincoln and put it toghether in a way where it could easily we run by someone else.

It is really nice to here people’s stories! I’m 20 (hence the username!) Me and my now Husband brought our first home when I was 17, since then we have used our money and skills to reno the house and after expences ($20,000 on reno) we’ve made about $60,000 in unrealised gains. Our goals now are to move closer the sea and the city where we’re hopeing that property opertunaty’s will open up or us.
OLDTIMER- fantastic story, I hope we to will achieve as you have.
At present I’m busy bringing up our 2 boys (under 5) and feeding my addiction to reading all about PI.

A suggestion if you haven’t read my other post “subscribe to Australian Property Investor Magazine” each one they’ll tell you a great story of average people making it bigin PI.

Bring on the success stories we could all do with a dose o motivation!

Alsomay I add…..kids are only young once, make the most o! it

We to are on the verge of going out of our comfort zone also, we are moving out of our home which we have put allot of money, heart and hard work into. We are of to SA for a sea change. Anyway can I ask would it be worth renting your house out and then renting yourself? This way you keep your home and can later sell if need be and by renting yourself you should save a few $$$ (no water bills, rates, maintaince). Have you done the figures on your place? does it end up posative, neutral or negativly gearded? remembering you’ll be paying the bills that you wont be paying on the place your renting yourself + agents fee’s, perhaps get an accountant to do the figures for you and work out your tax benifits in doing this. Worth reading “Rental Properties 2003-4” phamlet availible at tax office. We figure that we can’t regret renting our home out as we can sell later but could regret selling our home and there’s not much turning back there.
Also have you considered going to Steve’s seminar? $200 discount at the back of his second book. We are due to go in March (can’t wait) we are hopeing this’ll help us map out our path to financial freedom.
Just a thought
WISHING YOU LUCK!!

let me ask… how do you make money providing a 3% interest rate and selling the property at purchase price??? you’ve got me!