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  • Profile photo of k_sonterk_sonter
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    @k_sonter
    Join Date: 2003
    Post Count: 5
    October 27, 2003 - 10:39 am

    You may be right……He did have a very succesful marketing campaign. His colour scheme for his books is great. He is a very famous author, but his books do lack alot of substance.

    However, I am following his model for wealth an dit has not paid off yet. I have owned a business, completed a degree in finance, and now I am selling commercial real estate and i own one investment property. I can tell you now that I am far from rich….I am only 24 but I am very far from being financial indepenant.

    I have read so many books on wealth its not funny, it is true to build wealth you need financial literacy but the key ingredient is HARD WORK…….there are no secrets……you must be motivated and really want it!!!!![:)]

    Profile photo of k_sonterk_sonter
    Member
    @k_sonter
    Join Date: 2003
    Post Count: 5
    October 27, 2003 - 10:02 am

    Congratulations,

    I am finding it hard to find +ve CF properties in my area (Gold Coast – Coffs Harbour NSW, Aust). Where did you find that property?

    In my area there is a big boom property is doubling in value over a 6 – 12 month period.

    You say build repore with agents, very good idea? I am an Agent……still cant find +ve CF properties. All the properties I have looked have beed within 10 min drive to the beach, do you think I should go further inland?

    Profile photo of k_sonterk_sonter
    Member
    @k_sonter
    Join Date: 2003
    Post Count: 5
    October 27, 2003 - 9:48 am

    Hey Fudge,

    My name is Kris, I think your idea of only buying 4 is a good idea, if you want to take less risk. However, less risk less return. Thats all I have to say about your strategy every one to their own.

    I am very interested in your spreadsheet, because I too have made a PIA spreadsheet. We can compare and contrast to make an even better version???

    Good to see another young bloke keen on property? How old are you? I have just turned 24 but i only own one investment unit. But I am shopping at the moment but I cant find good positive cashflow property because of the boom?????

    email: [email protected]

    Profile photo of k_sonterk_sonter
    Member
    @k_sonter
    Join Date: 2003
    Post Count: 5
    October 27, 2003 - 1:48 am

    Hi Sophie,

    My name is Kris from LJ Hooker Commercial- Gold Coast, well done! finding a cashflow positive property in this market is not easy.

    If I was you I would go for a due dilegence period of 21 days. That is longer than the standard of 14 days and it should give you enough time to do all your inspections and calculations to see if you would like to proceed with the purchase.[:)]

Viewing 4 posts - 1 through 4 (of 4 total)