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Chat to different Banks and negotiate an upfront application fees and have them written it on a piece of paper. It protects your interest in future.
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JohnDreaming about financial freedom is all about taking some action TODAY. I am building my own successfully PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
Misty
Ditto to Derek’s comments regarding negative attitudes. Determine what would you like to do NOW, have a plan and then take baby steps to achieve your goals in the plan.
If you enjoy working in your field, do plenty of research regarding job opportunities and then talk to work colleagues?
If you want to start your own business, there are plenty of people in this forum that are willing to share their experience?
If you want to invest in real estate, read plenty of books, set goal, write a plan, find a mentor and enjoy the journey.
Hope that clarifies.
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JohnDreaming about financial freedom is all about taking some action TODAY. I am building my own successfully PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
I have 1 IPs in lower end of QLD market (Beenleigh) and there is always demand for rental properties. However, you do have to put up with issues but nothing that a good property manager cannot fix. Use a bit of creativity and property will put money in your pocket.
Going back to QLD property, I agree with g7 because I called a few real estate agents around to gauge interest in my property but the consenus is best to wait, if you are not in a hurry. It all comes down to what you level of comfort in the deal
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JohnDreaming about financial freedom is all about taking some action TODAY. I am building my own successfully PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
while we are in the front of monopoly, is anybody interested in Cashflow 101 in VIC?
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JohnDreaming about financial freedom is all about taking some action TODAY. I am building my own successfully PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
Rikky
Monopoly is also my favorite game, hence my decision to engage in property investment as vehicle to achieve financial freedom.
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JohnDreaming about financial freedom is all about taking some action TODAY. I am building my own successfully PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
Shelley
The most important thing is not to let your emotions over-run your investment property. It is important to have a HEART but property investment is a business (that’s more important). Give yourself time to go through the numbers and see whether this deal is losing money or making money.
Work out why you are investing in properties, then take out appropriate actions (not tomorrow, but TODAY). If still unsure, try the following:
* hand out $10/week to tenant (starting this week) and soon after, the correct answer will come to you.
Good Luck with your journey of property investments.
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JohnDreaming about financial freedom is all about taking some action TODAY. I am building my own successfully PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
I suppose part of the support group is also to hold each person accountable to the goals that they commited to. Challenges is going come one way or the other. When a support group is there to reinforce your commitment, it will makes the journey more fulfilling and possibly you can provide positive reinforcement to other people as well.
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JohnDreaming about financial freedom is all about taking some action TODAY. I am building my own successfully PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
yes, the realtor website contains a lot of info but what I find is that they tend to inflate the rent. The best way is to stay late and call the realtors themselves regarding the specific area/state that you want to focus on. OTherwise, your phone bill may blow out.
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JohnDreaming about financial freedom is all about taking some action TODAY. I am building my own successfully PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
As we are in this thread of mentors, I would love to start a session where like-minded persons (who want to achieve financial freedom) to get together to discuss strategies and hold each other accountable to their financial freedom goals.
Dreaming about financial freedom is all about taking some action TODAY. I am building my own successfully PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
Robin
there is plenty of info on this website but I believe “Investment Detector” is a good product that will give out a simple to understand summmary for all prospective properties that you are interested in.
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JohnDreaming about financial freedom is all about taking some action TODAY. I am building my own successfully PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
Ditto to the positive attitudes. The most important thing is to learn as much as possible. The most positive attitudes books are Steve’s two introductory books but if you want more info, then Rich Dad Series offer many options but books by Peter Spann also make good reads.
Happy Investing
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JohnWanting financial freedom is not enough. Take some action TODAY. I have successfully built my own PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
I was wondering whether there are interest parties out there in Melbourne that we can organize a similar thing (like get together to discuss plans, actions, strategies, success and failure stories (only if you want) but something to keep all participants informed.
Any takers for this weekend somewhere in North Melbourne, I know North Melbourne Library has a discussion rooom upstairs that maybe available. If there are interested parties, I will make some enquiries ASAP.
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JohnWanting financial freedom is not enough. Take some action TODAY. I have successfully built my own PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
Thanks for all your opinions but what I want to say is that the mentoring program does different things for different person. If I can get into the program (still hopeful), I want a mentor who will tell me my action plan is achievable in my situation and hold my absolutely accountable to it (regardless of my lame excuses that I may put up sometimes). That is what I want a mentor and fellow mentees to hold my acccountable to in the timeframe that is realistic. However, the program may be different for somebody else.
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JohnWanting financial freedom is not enough. Take some action TODAY. I have successfully built my own PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
I am in VIC and would love to get in contact with like minded people to keep the information going and also to keep each of us committed to our plan of action. I reckon the hardest bit for myself is to try to do this on your own (possibly due to my tendency to be lazy) and nobody to watch over you for your actions.
Keep me posted.
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JohnWanting financial freedom is not enough. Take some action TODAY. I have successfully built my own PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
if you are prepared, then you can always invest in real estate. My motto is whenever there is a down market, there is somewhere in the world that the market is on up trend. Its a matter of finding and taking risk that you are comfortable with. Surround yourself with plenty of educations.
Always enjoy the journey
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JohnWanting financial freedom is not enough. Take some action TODAY. I have successfully built my own PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
Robert Kiyosaki talks about the way to financial freedom is to build a business, reinvest in the business, invest in real estate from business income and then use assets to buy luxuries. This theory is in the book “The Business School For those who Like Helping People” by Robert Kiyosaki
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JohnWanting financial freedom is not enough. Take some action TODAY. I have successfully built my own PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
I am not sure whether I understand your situation is correctly but have you ever considered to go into a solicitor drawing up a small business consumer guarantee & Indemnity for a large amount (like $10Million?) to save on the legal costs??
This is my personal opinion but I strongly recommend you talking to a competeant lawyer (not conveyancer) who have lots of practical experiences dealing with big BANKS.
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JohnWanting financial freedom is not enough. Take some action TODAY. I have successfully built my own PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
My suggestion is to work out which property has better chance of being positive cashflow. From what is provided, you have $220k of equities. If you believe your $380k house can be rented out for each room and generate a cashflow, then do it and then if not, consider other options (like subdivide and sell the excess land, if any). Otherwise, I would sell it and free cashflow to purchase more +ve cashflow properties.
Any other suggestions are most welcome
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JohnWanting financial freedom is not enough. Take some action TODAY. I have successfully built my own PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
Yes, because I believe if the size of the apartment is less than 50 sqm, then, finance will be very difficult to secure. Nonetheless, check with all finance brokers on this website.
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JohnWanting financial freedom is not enough. Take some action TODAY. I have successfully built my own PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
Chevy
Ditto to all above responese. But what I reckon is to set a timeframe to take some actions. It is important to learn but attempting to achieve something without a solid game plan is a very risky undertaking.
All the best.
Cheers
JohnWanting financial freedom is not enough. Take some action TODAY. I have successfully built my own PART TIME business whilst still working in a Bank. If you want to know more, PM or email ME.
