thanks guys,
I have read the book and a few others but wanted to learn the steps in reseaching properties.thought there may be a course one could do at home in their spare time.
phil
Thanks everyone
sure am confused,But I will stay focused on property for now.
but still leave my options open as u dont know whats around the corner hey!
phil
Wow am I the only one in Adelaide?!!
Or did I miss one?
I live approx 10km from CBD, own investment property down south by the coast in fleurieu pennisula which is where I spend a lot of my weekends with friends and family.
Tanya [8D]
HI Tanya
That makes 2 of us! Im in Adelaide too.
phil
“There is a solution to every problem. You just have to find it”
Hi all
Im new to the game.I live in Adelaide and have been told by a buyers advocate that we shouldnt buy in Adelaide.1/the property prices are over inflated at the moment 2/the pop growth here is going no where.What do u all think of this.
We have flown to cairns and bought 2 investment properties there which after reading steve’s excellent book are not cashflow possitive like we thought they were. They fall under the c income negative/cashflow positive.WE own our home outright and have used the equity to buy the properties.So if you factor this in as well Im probably worse off.So if anyone has any ideas how I can turn these around please tell me.I use a buyers advocate as Im not ready to do the deals yet but can afford to get into investing.Our next purchase may be in New Zealand as I am told they are about three years behind us but unlike our last 2 I wont be making the same mistake.Does anyone have any thoughts on this (buying in New Zealand)?
Thanks Risky I have downloaded the program and will check it out.Thanks also brownrabbit this is pretty much what we are doing but I should use the direct debit to pay our bills only thing is I was worried about the records when it come’s to tax time.We have all the rents paid into one loan (line of credit) and then the other interest only loans draw their repayments from the line of credit.If there is a better way to do it then Id love to hear about it.