@ Veronique – Fair enough. Thanks for trying to help

I really like this forum because everyone in it is trying to help everyone else. It is really selfless and a great place to gather ideas and information. Thanks to Steve McKnight for hosting it for us.

@ozimwassabi – Conspiracy…defiantely not. It is a well known fact in the real estate industry that a lot of people who put their property up for auction are actually hoping to sell before auction. A friend of mine recently did this on a block of land he owned. He put it up for auction but sold the property before the auction ever happened.

The lesson to learn is that you can make offers on places even before they go to auction.

No worries. Glad to be of help

My first investment property is costing me less than $18,000 to buy (including all costs) and I don’t have to afford the repayments because the property is positive cash flow.

My strategy (to begin with) is to buy cheap positive cash flow property. Do the property up, increase rents, making it even more positive cash flowed and then move onto the next one. Each time using the cash flow from each property to fund my lifestyle.

I am not a big fan of the “Live frugally, save money”. I think the smarter you are at investing the less money you need, so instead of waiting to have time and money, I have decided to make investing a little more difficult and have as much as both as possible in the beginning and throughout.

For $30,000 you could easily buy a positive cash flow property that could generate you upwards of $20-$30/week. Then if you love renovating you could renovate it and get $50+/week. Each year your income will go up (because rents go up) making your richer and richer.

I can’t tell you specifically where to buy. But I wish you luck. If you get desperate check out my site I can easily find properties for you if you can’t find them yourself.

I am so excited for you.

I agree that time is our number one asset. I decided early on (and I am still only 22) that time is my most important asset and that I wanted to spend that time with my family. It was because of this value that my wife and I have always worked part time. We manage to live really well off what most people would be scared of earning. We had loads of free time to spend with our new edition and I get to spend my free time learning about investing and actually investing.

I have a few strategies in place that should see us financially free in 5 years. I don’t think I would make a tree change myself, but I am definately looking forward to the days where money is not something you have to think about and constantly count so you don’t run out of it.

Interesting method of trying to find places for your clients. I have no objection to it, I am just intrigued.
Wouldn’t it just be easier to trawl RE and domain?

@ Wealth4Life – There is definate value in doing a mentorship program such as Steve’s RESULTS program. I believe people need to have a personalised strategy when it comes to investing if they are going to succeed. They need to know their goals and how to get there.

My site exists to help people who want to buy positive cash flow properties find them. My story is that I have always loved property investing ever since I was a kid. After reading Steve’s books and doing a lot of study I decided positive cash flow property was the way I wanted to invest. I spent years and hundreds of hours trawling the net for positive cash flow properties. In the end I got really good at finding them, but didn’t have the finance to buy them.
So I created my site to save people the hundreds of hours I spent searching the net. It is not for everyone, it is for people who know what they want…but need a little help finding it. It’s not just a flashy site with a catchy name, it exists to help people. I hope that explains things a bit more for everyone.

@ Byron – I would only recommend my site if you have an investment plan in place and know what you want and are ready to invest. Get preapproval from the banks, know your goal income, know the returns you want to achieve. Then if after all that you still think positive cash flow property is the way to go and need some help consider my site.

The vendor might be able to sell the property, but they will have to sell the property WITH the option attached to it. This means if the developer wants to exercise his option on the new owner then the new owner has no choice. The only problem will be trying to find a buyer who will buy a property with an option on it.

Most people don’t understand these things and will simply steer clear of them.

If they just want to sell their house now anyway, then why bother with the option at all. Will it add value or take value away? They could just sell the house and ignore the developers option. Or if they are going to go for the option, why not wait out 2 years and rent the property out while waiting to sell?

Just make sure you secure the option, so they that money is theirs (and they can use it for future investments), and that the developer has no way of bailing out and taking their option with them

No worries Scott,

It is good to get your foot in the door, but not in the wrong door…and yes in property investing there are wrong doors and right doors.

For example if you wanted to generate passive income from your property investments to fund your lifestyle then buying a negatively cash flowed property would be putting your foot in the wrong door. Yes you might get growth to invest with later, but if you plan was to get passive income you would be taking a huge risk buying a negative property.

So get clear about what you want