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  • Profile photo of more freedommore freedom
    Member
    @more-freedom
    Join Date: 2006
    Post Count: 3
    August 2, 2006 - 3:37 am

    Daniel,

    You bought rich dad poor dad? That is a great book.

    I think you might considering first get your personal finance sorted before you start investing.

    Free financial education movie

    Profile photo of more freedommore freedom
    Member
    @more-freedom
    Join Date: 2006
    Post Count: 3
    August 2, 2006 - 3:32 am

    Hi Pirijat,

    I think Dianne has said it well.

    If you can find a better deal then you can sell your current property and end this negative cash flow deal. You might end up some profits from this transaction.

    If you have a better than they why not go ahead and cut your loss now?

    The key point here might be just trying to find a better deal ASAP.

    Just my humble opinion and I am not real estate expert
    [biggrin]

    Free financial education movie

    Profile photo of more freedommore freedom
    Member
    @more-freedom
    Join Date: 2006
    Post Count: 3
    August 1, 2006 - 9:12 pm

    I think it really depends on your situation.

    1. Does your wife have the money, time, and knowledge to invest in real estate full time?

    Can you find that many opportunities to keep your wife busy for several hours a day?

    2. It seems your wife wants to put all her eggs in one basket, which is the real estate market. That is good, but what happens of the real estate market crashes?

    Do you have a plan B from there?

    Free financial education movie

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