Congrats on joining this great forum, I am sure like myslef and others that you will learn alot here, a tip for using this site is to use the search feature at the top of your screen, often you will find that we have discussed your topic or question in the past (eg book discussions)and you will find a wealth of information.
Also, don’t go rushing out to buy books, work out which authors interest you (as maybe recommended here) then go to your local library and borrow them. If they turn out to be the best book ever then buy it for your collection.
I was a newbie a couple of months ago and now feel like that was another life away. So good luck with your new future.
It has confirmed out expected line of attack. Just as an outline we do already have a -geared IP in hubbies name and will be putting +IP’s in my name, however after reading the Wealth Guardian that Steve sent us, we are doing more research with an accountant, into family trusts.
I finsihed reading the Wealth Guardian yesterday and listened to the CD for the second time, today.
I wanted to thank you so much, for this brilliant tool. You have an amazing way of presenting information no matter how complexed. The Wealth Guardian is truely an essential resource/assest for anyone starting out in property investment.
I don’t know how you plan to sell this resource apart from us lucky few that are attending APIM, but I highly recommend that when it is available every person serious about buying property should buy this first.
I had given no thought at all to how I was going to protect my assests/wealth only how I was going to build them up. Thew! thank god for Steve McNight & Paul Harpers Wealth Guardian.
Cheers
Leigh K
“If you will take on your self-doubt and laziness, you will find the door to your freedom.”
-Robert Kiyosaki
I think it would be useful to be able to direct message a PI member by clicking upon their username. Either sending a messge to their registered email address or to a PI.com mailbox created for the member.
Cheers
Leigh K[]
“If you will take on your self-doubt and laziness, you will find the door to your freedom.”
-Robert Kiyosaki
For these positive cashflow properties that have no/low capital growth. Why would an investor purchase it if vacancy and bad tenants can be an issue. Eventhough theoretically you do get a good return, but you still need to consider if you don’t get rent or damage occurs. Also, if the property is too old, there is no depreciation you can claim.
It is only my opinion as each to their own strategy, but … I will be happiest to have investment properties pay for themselves and give me a pay check too rather than go to work to give my pay check to the bank!
Leigh K[]
“If you will take on your self-doubt and laziness, you will find the door to your freedom.”
-Robert Kiyosaki
I have read and listened to everything you have put out so far with the exception of the wraps library.
I find your material interesting, useful and most importantly easy to understand. So I thank you for the opportunity to contribute to your upcoming works.
I do agree with Brett
quote:
Firstly, as an introduction to the book, when you ask “Should I buy this book” I would just naturally assume that if a person was reading the intro, then they had already purchased the book (though I understand completely what your approach is – for those who take a quick look inside first)
that the intro should assume that the person reading it has already purchased the book, and be used to build them up for their purchase choice. I really feel that in many cases the back cover is your 3 second chance of getting them to open the cover.
However, if you disagree with me (I’ll never read your book[:0)]) I would suggest that you highlight this parragraph
quote:
Contained in the upcoming pages is detailed, specific, challenging, honest and thought-provoking information about how to use positive cashflow property investing to build enough passive income so you can gradually work less and then, finally, no longer need to work at all.
As this is a hot button phrase and you would be wanting to ensure that people don’t miss it as they skim the page.
And one last thing, watch out for typo’s!(And ignore mine[])
Best of luck I look forward to a read, and look forward to meeting you at the APIM.
Cheers
Leigh K[]
“If you will take on your self-doubt and laziness, you will find the door to your freedom.”
-Robert Kiyosaki
This is a sketchy responce because the events happened about 4 years ago, but we looked at a place in the Bulleen area of Melb, for our PPOR it was incomplete and really only needed finishing internally (kitchen, bathrooms etc) and we thought it would instantly earn us 200k upon completion.
After contacting the council we found out the mortar mix was wrong and the entire house needed to have the brick work replaced [xx(]
So we said no thanks.
We still went to the auction and the owner was there and was mad as hell because they had no say in the outcome, as the builder decided to go belly up and left the owner unable to finish it. So they were not very motivated to help anyone.
Hope this gives you somthing to think about.
Leigh K
“If you will take on your self-doubt and laziness, you will find the door to your freedom.”
-Robert Kiyosaki
I received mine today, and haven’t read it properly but of the bits I did read, I cant agree more that it is well and truely worth every penny. Amazing!
I hope it will be made available to others after the APIM that couldnt attend it.
Well done Steve & Paul and the others involved in bringing this to the market.
Cheers
Leigh K
“If you will take on your self-doubt and laziness, you will find the door to your freedom.”
-Robert Kiyosaki
By the way, also use the search engine on this forum to find possible locations, I do remember finding a discussion that was compiled listing areas people thought were going really well. It was about Victoria regions though.
LK
“If you will take on your self-doubt and laziness, you will find the door to your freedom.”
-Robert Kiyosaki
I just wanted to add that when people dont anwser this type of question with a location for you, they arent trying to keep all the good stuff to themselves. It is truely to help you find them for yourself.
I was an instant expert after I found my first one, well for about a minute. And I was really proud that I did without help. I am also not talking about buying the first one, just finding it which was also on realestate.com
My hint is to pick your state, then pick a price range (start low) and see what comes up. Also learn about the 11 second rule!
jg1234,
You need to do your due diligence on the area as well as the property to ensure that you are confident the deal is good. This includes assessing the risk of rental vacany. And yes there are other strategies to consider.
Cheers & Good luck
Leigh K
“If you will take on your self-doubt and laziness, you will find the door to your freedom.”
-Robert Kiyosaki
I would like to thank you for the advice you give, I have read much of your advice in the past month and it is always, real, honest thoughful and practical, you know no bullshit![]
With regards to this immediate advice above, I think from a newbie point of view that it has probably given me the greatest insite into what could lay ahead.
I had heard around here … no money down … OPM … get creative … but they were just words. You really just painted a picture – in your crazy way[:0)].(LOL)
So thank you this was a defining moment, everyone is about ready to vomit, but thank you for expanding my investment strategy outlook.
I was also wondering if there are other books you’d reccomend that are similar to nothing down in the 90’s.
Cheers
Leigh K[]
“If you will take on your self-doubt and laziness, you will find the door to your freedom.”
-Robert Kiyosaki