Dear all

I am confused. I am currently a Rick Otton student in one of his Go Direct groups. I personally own a block of land in Darwin and a house in South East Queensland. It is my intention to VF the sale of these using installment contracts. Can you please explain if I need to be licenced under the national legislation. Seems a bit extreme that I need to be practicing in this area for two years in order to be licensed, and how can I obtain this two years of experience if I already need to be licenced in order to practice in this area (catch 22)? I may or may not to want to continue with becoming a VF professional, and understand that if I do then I may be subject to some form of professional code of conduct etc in running a business, however, in this first instance I just want to sell my properties.

Thanks in anticipation of some clarity around this.

Stuart

Congrats JW on taking action that is something that the majority of the population never does and puts you ahead of the pack. Whilst Steve's books reflect a cash flow positive approach to investing, you really need to go to whoop whoop to achive good positive cash flow, which is obtained at the sacrifice of capital growth.  Most high cash flow posiitve properties are located in or near mining towns and whilst these were excellent investments during the boom times, they reuire extra ue diligence at the moment with the down turn.  Property is generally a get rich slow scheme and there is always a trade off between cash flow and capital growth. A balanced portfolio in my opinion should include a combination of both growth and income.