I’ve recently read Steve’s book and found it very informative. Since i’m looking at starting down this path what items would you recommend that i purchase from this site “software templates, books etc “.
I would also like to know if the basic rules given in the book apply to units. Do you apply the 11 second rule and then add other expenses such as body corporates, management fees, insurance etc and then review the bottom line? I understand that units might not offer the same capital gains as houses over the long term!
Please inform me of the down side of investing in units if any !!! Thanks! I love this site !!![8D]
Well ms marie, I think it would be wise to invest in toys, especially the inflatable blowup type. There is excessive growth in this area of the market, and current and future trends suggest further explosion in the Frankston, Cairns and Warradale regions.
Gimp King
I’ve recently read Steve’s book and found it very informative. Since i’m looking at starting down this path what items would you recommend that i purchase from this site “software templates, books etc “.I would also like to know if the basic rules given in the book apply to units. Do you apply the 11 second rule and then add other expenses such as body corporates, management fees, insurance etc and then review the bottom line? I understand that units might not offer the same capital gains as houses over the long term!
Please inform me of the down side of investing in units if any !!! Thanks! I love this site !!![8D]
Well thanks for the advise Gimpking but I would prefer some real help !!!
Good Afternoon Makka
I am new to this site and have only ordered Steve’s book today so I am not familiar with the 11 second rule.
My feeling is that if you are going to invest in real estate then you should have total control over your investment and this is difficult if you have to rely on bodies corporate and as you have rightly pointed out, units may not attract as great a capital gain as houses. Understand though, that a good cash flow in the early stages may be more important than future capital growth, especially if you intend to buy more properties.
As well, re sale is more difficult in the unit market.
You certainly have to do your sums and your own circumstances will indicate whether units is the way to go for you.
Units will be cheaper to buy than houses and may be appropriate if finances are limited.
I apologise if I have totally confused you.Regards…….Kas
Thanks for the reply Kas !!!
You haven’t confused me, I was just wondering if units had a real downside compared to houses. It seems that there are a few units around which provide +cf and not too many houses.
Good luck with your future endeavours !!! Shane
Makka,
go to the resources part of the page and buy buyer beware. It is a set of templates that you can use to sus out a property. It has a good financial template which helps you figure out the expenses associated with the property. It owuld give you a better idea about the cost effectiveness of it.It $60 but well worth it.
Cheers
Steph.Success is 1% inspiration and 99% perspiration.
The topic ‘Urgent help nedded !!!! Please !!!!’ is closed to new replies.
