is it a good idea to subscirbe to Steves method and only read books that follow his ideas? cos most of my family think im stupid in trying to create positive cashflow properties, but im still trying to work my head around doing it to prove them wrong! haha enuf about me, what u fellas think?
being a student i find it hard to attend those seminars even though i know i should….i try to read one book a month although it is hard to balance every aspect of uni life with get rich books!
hey gabmar im a beginner like you and im looking for my first property as well, atm my strategy is to read as much information as i can and get insight into investing over the next 12 months before i knuckle down to try to secure my first deal…altho u may not have the time resources i suggest learning as much as possible first before jumping in the deep end to buy a first property
as luck would have it, today i just finished reading chapter 16 of steves second book and learned the valuable saying “Problem + Solution = Profit” as choir just told me….learning everyday
so does that mean it is impossible to find properties that deliver positive cashflow in todays market? therefore, is it necessary to negatively gear our investments?
Yeh i agree with rikky, footscray has got a bright future, particularly with Victoria University nearby….students arent that bad as tenants (i would know I am one of them) but reading Steve’s books they do rpovide for a risky tenant situation…If you going to invest in footscray do it close to the university as you will have plenty of demand from the students
Orite sounds like Frankston is a no go, where is the wrong side of the tracks in St Kilda, maybe I can find a cheap apartment that will receive CG’s in the years to come?
Being an astute teen apprentice investor i would suggest watching “get rich or die tryin” that just came out in cinemas this week, it tells the tale of someone who is time poor, money poor and upgrades to a time poor money rich individual.
I would expect that running costs would be low, but as shake said, unless the volvo ocean race dropped into town, there would most likely be an oversupply of berths available it seems.
