Forum Replies Created
Thanks for the response – would you then suggest to keep researching the many strategies available and to keep building knowledge to help to break down the potential problems I might be likely to face?
Regards
NikkiHi,
I have been researching for the last 3 weeks the idea of positive cashflow and have to say I am one of those people who has fallen into the trap of buying negatively geared property and then not being able to expand the portfolio past two properties.
I am considering moving straight into the WRAP or Lease Option scenario but am not sure if I should try crawling before running? Anyone have any ideas?
In addition, how long should you research before getting started (patience is a virtue – I wish I had some).
Regards
NikkiApologies for the delay in response. I agree with all of the responses above. I also believe that if you have a criteria to select a property then it is a way to mitigate the risk that the emotions will take over. When a lot of people buy blue chip shares they do so in companies that they are familar with and can see eg. Woolworths, CBA, NAB, Coles Myer and even smaller stocks like Billabong. I really do not understand why you would not take the opportunity to prove the research right or wrong. Thanks for the searching tip.
Nikki
