INVESTMENT PLANS

Viewing 6 posts - 1 through 6 (of 6 total)

dpowter16672
Member
@dpowter16672
Join Date: 2003
Post Count: 1
April 8, 2004 - 8:50 pm
I AM TRYING TO DEVELOPED A INVESTMENT PLAN AND AM LOOKING FOR ADVICE ON SAME.IE EXAMPLES, TIME FRAME ETC
Derek
Member
@derek
Join Date: 2004
Post Count: 3,544
April 8, 2004 - 11:39 pm
Hi Powter,
Hmmmmmm – an investment plan. Buy lots of property and then retire.
In all seriousness a plan is something that gets you from ‘A’ to ‘B’ and until you know what ‘B’ is you won’t have direction. And until you clearly understand your current situation ‘A’ you will not know where to start.
At this stage the forum knows nothing of your ‘A’ nor your ‘B’ and needs more detail before it can provide you with any real comment.
Derek
[email protected]
Read my comments? Think I can help you? PM or email me.
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
April 10, 2004 - 7:15 pm
Powter
Agree with Derek’s post
A very broad statement and Not much information about yourself, your goals your objectives etc..
cant *get* to point B without knowing where your point A is my friend..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Ibuycashflow
Participant
@ibuycashflow
Join Date: 2004
Post Count: 274
May 11, 2004 - 1:07 am
Three questions you should ask yourself in the following order – and put it all in writing.
1. Where are you now? – present situation
2. Where do you want to go? – goals and objectives
3. How do you get there? – the plan
Remember that when you set your goals they must be achievable, quantitative and include time constraints (eg I want to own 4 investment properties to a value of $800k by May 2006). By setting goals in this way you have something to measure against to see if your plan is working.
Good luck
Jeff
Roxana
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@roxana
Join Date: 2004
Post Count: 2
May 11, 2004 - 7:20 am
so do i
rlackner
DD
Member
@dd
Join Date: 2004
Post Count: 508
May 13, 2004 - 5:53 pm
those who fail to plan plan to fail!!
wife and I change our property plan weekly. Now taking two off the market if 3rd sells. Upping vals on other property to release greatest cash.
Paying down PPOR in big chunks is gooooood!!!
Too much debt = sad investors.
Cashflow rules. So rent yourself and invest might be a solution for some. $50k is 2 houses worth $100k each plus costs as investment. Or $50k on 1 house for you with no tax benifits. So status quo is you stay where you are comfortable now and any surplus goes into investments. In 6-12 months go again and buy 2 more off equity in first 2. Then it perpetuates itself onward and upward.
This to me is a plan.
Go buy houses and have fun.
DD
Don’t sweat the small stuff,and it’s all small stuff!!