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So er um? people with different names post similar advice ?
Oh well thet's not to bad. Maybe that's just the advice that is the best advice as far as the general view of the forum is concerned.
I could handle that.
But.
Well they seem to have the same Sig. I leave it to the gentle reader to figure out what I am posting about.
I expect this post to be deleted. That will prove my point.
But if you do not know what I am talking about. I have some advice.
Run away, run away, run away, now.
If you do understand me there seems no drama in here so far (2 hours) the advice seems good.
But if you are not willing to do the work then forget it.
Hey the stuff Steve says are not lies. The advice is good. It's basically what I think as far as I can tell from what I have read so far.
I will look more into it and you can mail me at [email protected] anytime you like.
Stew
Well I got minus 300 and something saying I would survive until today. I did it twice in case I made a typo or something.
Which seems a bit silly realy. I owe about $100, 000 LESS on my flat than it is worth. I have about $20,000 just on redraw.
I have over $12,000 (after tax) in long service leave etc. So If I quit work today I would have about $32,000 CASH available without selling anything.
IHey I am me. I could do it. But they wouldn't even give me all the money that quickly. But well If I realy tried hard I could probably spend that money before midnight tonight ;0)
So the progam that works this out is just crap. I know about programming and I know a bit about money.
However that being said. I have read a bit of Steve's new book in a free sample I got in my mailbox.
What can I say except that it's good advice?
It's not rocket science though. Pretty much what I think and do anyway. Common sense.
There might be a point in using some of the equity in my flat to invest again. Rent it out etc. But I am at heart a bit lazy. I wouldn't mind the money. But I don't want to do the work at this time in my life. Maybe later when I have more equity and I won't have to work so hard to pay off the other flat. Yes I know I can rent it out for close to the bank payments on a mortgage. But then there is Body Corp, water rates, Council rates. The list goes on. $$$$$
Yes there are ways to make money in property investment. But be carefull please. People, it's not for those that think they can make EASY money. It's for those who want to work hard to reap the rewards. And make sure you can afford to make the payments. People with with solid jobs can get retrenched.
I quite like what Steve says about this stuff. But only you can do your thing, Beware. You risk your future.
Stew
