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What did you do with all the money you have made so far in your life?
First thing you have to learn is how to hold onto your money first, save.
Once you stop going backwards, then you can think about strategies to move forwards.We started a business from scratch 5 years ago, rather than purchasing a business (no money) to create more cashflow to invest in property.
So yes, currently running a business to support property investing.Pros – Cashflow makes investing very easy now, could pay off an ave Syd house in less than 1 year.
Cons – Work longish hours.Good luck with your plans Luke.
Nice deposit.
How's your cashflow?
As mentioned by another, I'd be doing developments, especially if you have good cashflow.Thanks Richard,
It's not that I'm unhappy with my current broker.
Just that my friend seems to need more clients and I may try to give him some business.
Although, I don't want to cause problems for myself either.Is there any test or questions I could give my friend to be sure he is skilled in getting the best result for me?
Will be purchasing through a trust, no broker should have problems with this, right?Or, how do I tell him that I just don't want to use him because I don't think he is experienced enough with sophisticated investors and structuring, which is where I am trying to be.
I don't want to offend him, but I don't know what he doesn't know.
Maybe he can do a good job for me, but do I take the risk?Thanks
Hi MSN,
Sounds like you have a plan.
I'm a little confused about how much each person is investing to reach your target of 4 mil net profit after 6 years.
Is it 25k each initially and 96 k each PA?
So total amount invested by all 4 partners would be around 2.4 mil (not all in the first year though) ,if not continuing in the 7 year?Is that what you're saying?
Thank you Matt.
PM sent.
Many thanks Trent.
I have contacted Barry and advised I was referred by you.
ten_burner wrote:I have been using this crowd for the last 2 yrs and they have been greatYeah, we just started using Nick as well.
Got us structured right so we can build a big portfolio.
Also, set up right for asset protection and maximising business cashflow.Can't they assess you via email,phone, video conference, etc without you having to travel?'
If they are not willing to do this, I'd say forget about it.
Seems like they want you financially committed from the start.
Face to Face meetings are just not neccesary for this kind of situation.Ask them what they think about this.
