I’m currently half way through Steve’s book, and not even on the first step of the investment ladder, but one question always sticks out.
How can I afford deposits for multiple properties?
To purchase a 100k property, you need to save 15-30K depending on deposit, to also cover stamp duty etc… How often can you save that money??
Steve, as far as I’ve read so far doesn’t go into how he achieved it. I understand Dave was winning the bread, but not that much he could support two families and invest in 130 properties…. someone please answer this naive question?Keep reading mate.
Remember there is more than one way to skin a cat!
Cheers,
Teylu“Has anything you’ve done, made your life Better?”
(American History X)Thomas,
Equity, equity, equity, plus the usage of the positive cashflow generation.
Regards, Phil
The topic ‘Obtaining the deposit’ is closed to new replies.
