Just wondering whether anyone has had any experience with this particular financial advice/accounting company. I have an appointment set up with Chris White (the property investing specialist) and am interested in what others may have thought of him and his advice. I don’t want to waste my $330 per hour!!!
Hints, tips, all advice welcome for this newbie wannabe investor.
A tip for all – wait for your live update to complete the process before you open up your email programs. This way you have a greater chance of being fully protected before you open any emails.
I was just passing though and thought I might give you a couple of things to think about.
3) The point of having 4 houses instead of one big one as you used as an example is that it minimizes your chances of losing. Say for example you had a vacancy rate of 5% for your sort of houses. With one house your chance of having NO income is 5%. But with 4 small houses, assuming same total cashflow overall, you have .05*.05*.05*.05 (0.000625%) chance of having NO income. Also another thing to think about is you’d expect maintenance on 50k properties to be a lot smaller than that on a 200k property, so at least you’re not hit with a big bill all at once [:0].
One thing you need to understand is that good property deals come around all the time. Looking for 30 mins is great. however, you may not be looking in the right place, or looking hard enough. The 30 second rule may be fine but deals are structured using your imagination not what “rule” says. Sure the 30 sec rule can find you awesome deals… But it is only one of many ways of finding great deals. Try playing with the numbers a bit more.
Dolf De Roos’ method of finding property is the 100-10-3-1 rule… You look at 100 properties, place offers on 10 (the most promising), more than likely you will have 3+- accepted and you chose the one to purchase. (That’s a basic run down, read his books to find out more.)
Maybe you haven’t looked at enough property yet. Sometimes you have to be looking for months upon months before you find deals. Main reason for this is, you need to become aquainted with, and gain a feel for what the value etc of property really is. You look for ages and then after months of looking and inspecting etc, you begin to understand why the 3brm house for sale at 210k is a better deal than the 4brm house 3 doors down for 190k.
I may not have explained it clearly enough, but basically don’t lose heart, keep looking and looking and looking. Great deals can be found anywhere, anytime, they just need to be found and that may take more than just abiding by one rule.
Can you have two anti-virus softwares running at the same time? iE: Nortins and AVG? I currenlty have Nortin’s and it has been picking up 3 to4 virus each day, have no reason to think it’s missed anything, however reading above makes me wonder….so can you have two running or do you have to delete one to run the other?
as far as I know I don’t think you can, but I could be wrong.
Warm Regards
ChanDollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
I download teh AVG version 6 .0 free edition It seemly it dosen’t work !
I already have ZoneAlarm Firewall & updated Pc-cillin there,
[xx(]
Any ideas?[]
Thanks Pisces,[:o)]
Thank your for your advice, Since this is my fisrt project, i don’t have any experience, and he need my buisness experience, that is the reason why we come together.
Thanks Elysium-M,[:o)]
Most ot the accountant is the bad guy who just give you some general advice, and he is not busienss man or Professional investor, so he can’t tell us more than he knows!
As we are the Practical Investor here, we may know the other’s needs.[:p]
i hope more big brother/ sister give me some insight !