Forum Replies Created
O.K I admit the hard sell was a bit to take, but if you take the basic principles Ed was trying to teach everyone I don’t think you could go wrong. I believe he is sincere in his quest to instruct the ordinary investor on how to maximise their assets to propel their wealth creation faster. Sometimes you need that motivation to keep going. It has only been 3 weeks since I attended the Sydney seminar and already I have purchased a property in QLD that would satisfy even Steve’s criteria of positive cashflow but with the added bonus of fantastic growth as well, since I signed up for the silver membership (only $38 amonth, not $480 as previously said) and that gave me access to the residex report on the fastest growing postcodes in the country. I think perhaps you have thrown the baby out with the bath water in your quest to be more intelligent than the rest. Remember that there are a lot of people out there who are trying to help average people to achieve in this area because they believe we all should have access to this information and put your own ego in your back pocket when someone who has actually done what we are trying to do is sharing his insights with you.
Hi Soleil
Does it matter if it’s ugly as long as someone wants to rent it? What are the vacancy rates for the area? If they are low and you think you can get an occupant who will pay the rent you require then go for it. That is, if you don’t need to spend too much on maintenance or even upgrading. I wouldn’t live in my investment property but I have a tenant that is very happy to live there. If the figures stack up and your manager can find a suitable occupant, who cares?
Good Luck!
Dear Linda3
ING bank lends 95% on investment loans but the mortgage insurance is high. Ring a broker, they’ll be able to tell you. Good luck![8D]
Hi Sunnigirl
I’m from N.S.W. and was advised to invest in the Beenleigh area in QLD. On a recent holiday to the Gold Coast I spent time in the area and was taken around by an agent. I found it fantastic and cashflow psitive. I have purchased two properties in a block of twelve for $69000 each, returning $120 a week each and hoping to return more in the near future. I am also a single mother with limited equity in my home but I know this is achievable. Best of luck to you, you can do it.
Thankyou for your replies. I am going to do it, I am researching alternatives right now. Your positive feedback helps!