Im a Newbie and i need Help!

I think you personally will be welcomed but your advertising nickname will not. The FAQ clearly states that advertising is not allowed here. Maybe you should take a look at the FAQ and play around with the site search engine before you want to post a question under your new non-advertising nickname.

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I know I can, I know I can

Your question is an open-ended one.

Where do u want to invest? Do you want +CF, Capital Growth or both? Do you wnat to invest in apartments, property (residential or commercial), duplex, townhouses, storage units, caravan parks etc.

How much capital do you have? Do you have any equity or security? Are you investing by yourself or with a partner? What are your financials? Do you know anything about investing? Do you have a Tax structure set up? Do you have a good property accountant and solicitor? Do you have a full-time job or are you self-employed, or part-time employed?

Be more specific please and don’t just say, “I want to invest”

Kind Regards,
Geo.

I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how

Hi Grant,

I was 52 when I realised I hadn’t been doing the best I could (this was 1999) – so, congratulations for starting off so young. Even at MY age though, I spent 9 months just reading, talking to people, going to seminars, etc. to start to understand just HOW to start out with property investing. I’d suggest you do something similar – i.e. don’t be too eager to spend money.

When I did start, I bought 2 properties right off the bat, as I’d determined that this was going to work better than just one. That plan suited me, my wage, my situation at that time. And it has been beneficial.

But even MORE beneficial has been the people I’ve met who have advised, encouraged, and mentored me – perticularly in those earlier years.

So, can I say, don’t be in a hurry to “leap in” – you have many years ahead of you, and several property cycles to build your wealth.

Today is FAR different than it was 5 years ago when I started – so, don’t be in a hurry. Use your $$ to educate your mind first – then your mind will fill your wallet. I’m sure there will be several threads that discuss worthwhile books to read. Go seek them out, spend a few dollars, and bring yourself “up to speed” quickly. Meanwhile, save up those first dollars as banks like to see a “savings history” for your first property (after that, it doesn’t matter so much – but we all must start somewhere). Good luck

Benny

Best thing to do is read the book cover to cover a few times. Then read the book with a note pad handy. Take notes of the parts that you consider important to your investment strategy. Make a set of checklists and templates for property valuation. Make a list of rules for filtering properties using Steves rules as a basis and adding a few rules that fit to your criteria. Once you have these tools in place learn them by heart. Look for property in the free papers available at the local estate agents and also the internet. Filter your list of possibilities and go on a trial run looking at properties. Once you have looked at a number of them and done your due dilligence on each, Come home do calculations and further refinement of your lists and rules. Ring banks and other lenders for rates and quotes on finance and add the information to viable properties. Like anything else a few dry runs are essential. If you have completed all of the above you may be lucky enough to find a property on your first few runs and start the investment building.

IT IS ALL IN THE PREPARATION.[biggrin]

Hi Grant,

Steve’s books are great, but you should definately also read some other books as well, as there are many different investment strategies that work. You should look at what a range of successful investors do (both in property and in other investment areas) and then make a decision on a strategy that suits you.

Regards
Alistair