Hello Benny,
Thank you for the reply and also thank you for the link to the other threads. Had a read of Mini’s post and found that these are what we have looked at but lack knowledge as people would in the start. Lacking the typical: costs of areas, finding an area, knowing the cost of getting the project completed, etc.
Our plan is a little mixed at the moment, (residential options, commercial options, the strategies for each type as Mini outlined and Steve’s books) i think we really need to sit down and write it out instead of discussing it. I have been eyeing off the apprentice course, I think there were payment options available so i will look in to that soon. We have decided that we will probably need to invest interstate as our area is expensive (Darwin). Now it’s the old, where, when, what, how and who to trust.
Still have a few books left to read from Steve and a few other sources that have been recommended to read.
Structure wise, yes we are looking at running it for the long term and having it setup as future income for family members many years on i hope. An accountant and lawyer are on the cards. Have been reading a few of Terry’s posts and noting some questions to ask.
So far i have learnt a fair bit from here and the books. As always when you start something new, feels like you walk away with more questions that when you walked in…
Thanks again for the reply.
Kevin
