Forum Replies Created
Let me now if you in brisbane
[email protected]Hi guys, Is any one doing optios at the moment. can any one tell me that they actually did the option and executed the deal . and have made money. I hear too many people selling seminars and DVDs but i yet to hear that some one made money out of it.
Please let me nowThank you for your reply,
After the first property, then i am not first home owner, so i wont get the grant, and i have to pay the stamp duty. so how do i manage the second deposit, and third or forth.
Let say, i want 5 properties in a year, to follow Steve’s formula. my first property hasn’t grown enough equity to use, and i don’t have enough money saved up .So how to raise money for the deposit?
Hi Every one,
This is my first post here, and i need a bit of help to understand a basic math. Yes call me Dumb. but help me. I just finished the book Steve wrote about 130 properties. By far this is the most interesting and valuable book that i read. But like every other book, i couldn’t find a simple step one process. It is a great tool to use after buying the property. but for me the only real challenge always been the deposit. and i am disappointed that this book doesn’t mention anything about deposit.lets say, for 20%deposit, you need at least 50,60 —100K. Now if you can save that much money, then you can buy the property. Now for equity to increase you need 3-5 years. and working in a job or business and after living expenses, how many 60,000S or 100,000S can you save to keep going on to buy the property. Even that property is cashflow positive and giving you $50-$60 per week but that is still over 2400 per year,The other option could be to borrow money from other investors, but then Steve wouldn’t show all the positive cash flow to himself .
So you get it I am confused, tell me how to come up with 200,000 to 300,000 every year to put deposit in to property. still that would be 4-5 properties a year, how to come up with 130, I don’t KNOW?
HELP ME
