Another Newbie to this site and like others only found out about this site after having read Steve’s Book. This site is great and look forward to further discussions.
I personally have 8 properties, soon to be 12 (design phase of development underway). All residential properties located in Melbourne < 15km from CBD. Most positive cash flowed but the ones that are negative were purchased as bargains and have huge capital growth (ie instant equity). After having read Steve’s book, he has reminded me of my initial intent to become an investor. I am happy with my progress to date, financial freedom by 35 (and I’m not even 30 yet).
Its great too see so many enthusiastic people!! Good luck to all!!!! [][][]
Sceptics are always going to come along. Take a good look at the person and ask yourself whether you want to be in the financial position that sceptic is in and I guarantee you wont so you will have to do something different to be different from them. The hardest part is the start but once you have proven yourself you will have people falling over you asking for advice.
Hard work always pays off!!! Don’t give up! Good Luck!