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  • Profile photo of springfieldspringfield
    Member
    @springfield
    Join Date: 2007
    Post Count: 5
    May 8, 2007 - 12:02 am

    well done J, I have just confirmed my spot at the Melbourne seminar in 2 weeks so here goes nothing, all the best with the reno

    regards,

    Springfield

    Profile photo of springfieldspringfield
    Member
    @springfield
    Join Date: 2007
    Post Count: 5
    May 4, 2007 - 11:02 pm

    Hi J

    I am just at the start of my journey with Steve so my comments are only my opinion but mainly from Steve's last book. To me the first property, you should sell as it is not a positive outcome, that ones easy. You are in a great position here so you hold the cards. If you are doing this full time then I would sell your place and get into a reno, how awesome would that be, if I could convince my wife I would do the same :-)

    You could either rent and buy and renovate or just buy and renovate depending on your cashflow and situation. It sounds to me like you are a fairly causious investor or yes maybe passive, which I think 95% of people would be until they adapt Steve's formulas, so after doing the seminar you should be in the right frame of mind to get out there and kick some butt.

    How was the seminar by the way?

    Regards,

    Springfielsd

    Profile photo of springfieldspringfield
    Member
    @springfield
    Join Date: 2007
    Post Count: 5
    May 2, 2007 - 9:45 am

    yes are are spot on, they have vacated but are still paying for 4 more months, so it has to be advertised at their current price unless I cut them lose and start fresh

    Profile photo of springfieldspringfield
    Member
    @springfield
    Join Date: 2007
    Post Count: 5
    May 1, 2007 - 11:55 pm

    Hi Marc

    Yes I am thinking along the same lines, I am a little green on this but the REA told me that when a tennant moves out proir to the agreement ending (still paying of coarse)  that by law it has to be re-let at the price that they were paying so I would have found myself in the same predicament.  Now the new tennants want a 12 month agreement and they have already seen the place and are not under any assumption that I will be doing any work so I think that your comments are spot on, thanks again

    Regards,

    Springfield

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