I agree with Kiwi and Robert.

It seems that you have the deposit and only saw one property.

I certainly will not buy the first one I see. Falling in love is cost in this game.

There are books in the ecconomics section in your local library, go there and read some. They are free. And then you will understand what Kiwi and Rob are talking…[Read more]

Peter Spann said that Knowledge applied is wealth.

We always have students who just finish university knocking on our door, and said they want to apply for a job as system design. I am sure they are knowledgeable, but we never offer them a job. Why? If you can answer the question, you sure know what to do next, right?

Some people rank seeing the bank manager is second to public speaking.

I would suggest that you go to see a few banks, and tell them what you want to do. They will treat you well.

Your equity is a very good security to them, and you are going to buy positive cash flow. They are more than happy to lend to it. I can see them knocking your door already.

I do not disagree with Robert.

Everyone one needs something to start with.

I do think Pat V will learn a lot as he/she progresses. E.G how to inspect the property, how to negotiate with the vendor or REA, what clauses to put in, how much the property is really worth etc.

Making offers on 10 does not lose your credibility. I know some old dogs…[Read more]

I personally think that you can borrow some books from you local library, and then learn it by doing it.

I started with the 100:10:3:1 rule. That is simple enough to follow. Go to see 100 properties, make offer on 10, arrange finance on three, and you will buy one.

If you can afford $25 per week, make it work for you.

Books are just books, you…[Read more]

The first lesson that I learned was to be patient, be prepared to walk away from a deal.

Everything goes in cycles. The same applies to property. A newbie always thinks today is the best day. There will no be another deal if I miss this one.

This is not necessary the best one. If you don’t buy this one, you miss out only this one. The mark…[Read more]

Oh, you were not prepared to walk away at the begining. This is what got you sign the contract.

The REA always has some story to tell. Hell with it. They don’t get paid if they don’t sell.

I saw a property last weekend. The REA told me that the vendors’ father passed died. They need to money to buy a unit for the mother to live in. I said to the…[Read more]