Sorry Samuroo, it should be $50/week in the example.

Regards
Tony

It is a good question that jstuart asks. I am not seeing a lot of posts on the subject of a debt reduction plan.

If we buy 10 homes @ $100,000 each at 80% lvr = $800,000 debt. If each house makes us $50/month = $2,000 cashflow/month.

Money should be kept aside for tax, say 30%. (if tax is not eligible then one is spending money on tax deductions…[Read more]

My experience with valuers is thay tend to be conservative. Possibly in-line with the financial institutions policy? (there is a history lesson here that I won’t go into) I would not say they roll-over to the lenders wishes but they do get work from them if you know what I mean.

So giving the valuer proof of the property next door selling for…[Read more]

Hi Westan,
As I said in my earlier post, I did not read the John Reed analaysis all the way through. There is two sides to every story and if it was all lies then I am sure Kiyosaki would have been sued by someone by now about something?

Just because he has made a point of view does not mean you or I will do it his way. At least we shoudn’t. Our…[Read more]

It is not whether Robert said or his Rich Dad said …. that is important because who said it won’t make you rich or send you broke.

Surely it is the information that we need to assess to see if we can use it to meet our financial goals or not?

If someone came to me and said they have 40 properties, it is not whether they say they do or their…[Read more]

I couldn’t make myself read the whole John Reed analysis, as I saw myself otherwise wasting as much time as he has.

Perhaps John Reed would be better off if he spent as much time sourcing a few more positively geared properties as the time he has taken to put forward his conspiracy theory?

If Rich Dad is not a real person, then more the clever…[Read more]

caz_in_perth

I can recommend a reputable non-bank financial institution that may be able to help you?

golfer

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