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I totally agree with clones all this crap about buing for the right price then turning it into positive cash flow is all bull. Everything out there is over priced to start with I have been looking for 9 months even have agents looking for me .I reckon Steve is laughing all the way to the bank from the book sales and seminars. He even wants to know how much we are prepared to pay in a year to be taught. LOL
Wow what a reply?? Must have hit a sore point LOL
May I ask were you got all the money from to do all that plus invest in property at such a young age? Not all 20 year olds can buy a house most of them are flat out buying a car Maybe you know something we all dont? What i meant by live life is simply this. Do all you want to do travel, spew your guts out if you want but dont be a tight ass and save every single cent just to invest in proepety you can do that later in life after all you are young once. Nothing wrong with kids but why have them so young (Live life first) Why get married young (live life first) Why buy a house and get tied down at a young age (Live life first) Travel the world (Live life first) You can be filthy rich if you start investing young by the time you retire but no amount of money can buy you youth. ( Live life first)
38 years old just started investing now own 6 properties People say should have started in my twenties and i would be worth millions today I say live life first I travelled the world twice spent an absolute fortune I love every minute of it single no commitments come back with nothing to show for it but memories. All my friends and family said settle down all my friends were married with children some with investment properties children etc. Half of them got married early some of them purchased property at a young age never travelled. Now half of them are divorced with nothing to show for it and have kids to support some of them are filty rich form IPS but can not afford to travel the world because they have families etc etc One of them died young in car accident he started investing young now were is he? LIVE LIFE FIRST I THINK
Hi grossrealisation,
Would you purchase land from Nazis or even Hitler himself because that is life??? Turks to me are no different they just get a way with it as Hitler did not. If Turkey took over all your assets that would justify me purchasing your house off a Turk because that is life? HelloFanagusta
Turkey lol. They take over countries then sell real estate that does not belong to them. Great example North Cyprus Turkey is the only country that recognises North Cyprus yet they sell realestate Personally I would not give them the time of day yet hard earned cash
Is your father a licenced builder? If so you could purchase a property then get more finance to renovate the place using your father as the builder with a fixed price contract. He could then employ you this way you have a cash flow to live on and an asset at the end.
Name your price Do you want to sell? How bad does the developer want it?
Builder standard fixed price contract. Loan has been aproved subject to strata title proof Development application has been aproved by council.Council has strata title application will not aprove it until the duplex is built. Catch 22 can not get funds to build it without the starta title aproval.
ANZ has letter from council stating councils positionI should have explained it better” The building is a 2 storey duplex with a common wall.ANZ will only lend 60% of contract price for a dual occupancy and up to 95% for if they are strata title. I can not afford the 60% lend hence my problem.
Thanks for the reply I plan on holding and purchasing more.
Can I ask how you found them and where they are??
Well if the majority of his properties are wrapped
It would give an indication that Steve can not find +CF properties and that he simply buys them then wraps them so they do become +CFI have not read his latest book. The 0-130 book is informative The reason I ask is that in todays market I think that +CF properties do not exist I have been looking for 6 months can not find one. Looked in country towns etc Contacted buyer agents there fees are way to much with no gaurantees. The only way I can see to make money Steves way is to wrap the properties that I purchase
NRMA now offer landlord insurance they are very competetive
