I have recently found out about Steve and his books and within 20 days i will be $100,000 cashed up with NO debts except normal living expences wich i am bringing back to a minimal.
So My question is Where do i start?
Now i realise that research is important and i am going hard at it although i do work 5 days a week but i would like to make the transition to finacial independance starting now!
i was just wondering if anyone would like to help me by giving me a little direction.
Owe did i mention i HATE my job!
Regards
DaveDave
problem + solution = profit
money follows management
buy property that pays for itself from day one.There you go – its easy to start your journey.
I am still going. But I dont like the present climate for investing in property. I am consolidating.
But I’m very hungry and each day i learn more is each day that my realised passion grows. To Take control of doing something that i enjoy.
Thank you for your reply.
I want more!!!
Dave
Dave
Dave,
How about this one.
‘Patience is a virtue’ [cigar]. Don’t spoil your hard work by rushing into things.
Good Luck,
Ian
I really want to get started too.
And the more I find out makes me more hungry for CF+Properties.
BUT it’s the Patience that you will need to learn, it will happen.
Don’t jump to quick.
Research and more research is the key I think.
Lots of good info on this site to help.Good Luck [cap]
Snowy | Cre8tiv Home Styling
http://cre8tivhomestyling.com.auHi Dave,
As the others have said the hastier you get the bigger risks you take.
I would also recommend you do some more reading – there is a list of recommended readings in the ‘Heads Up’ forum that will round off your education.
There are many ways to invest in property and extending your existing knowledge will improve you chances of success in the long term.
Derek
[email protected]Property Investment Support Available.
Davcaz
Go and do it the longer you wait time will pass quick and it takes time to get there . Steves book is the best that I have read on investing in property , only beacause I like to turn property over as soon as i realize that in the current market for that property there is nothing else I can do to it (with in reason) to make more money on it. So there for I sell it and re invest some were else that I think has got potential to make money.
But if you have only read Steves book, go read one of Jan somers books this is for more of an investor that likes the sit relax wait, but keep buying property. It is a very good tactic that will give good results. Also anther book that was writen thousands of years ago in stone , but re published in recent time it is called The Richest Man In Babylon this book will teach you how to save money so that you never have to be a slave to money I recon that every body should read this book if they have ever been in a situation were money has been a problem to them . This book is briliant and I try to live by its rule so to speak . Another book is Rich Dad Poor Dad this is a good book how ever very few people that read it could achive the sort of wealth he talks about . But there are some good points.Good Luck
Cheers Rick[drummer]
Thanks for the sound advice everybody!
I think i get it….
Good research with small steps starting now so i don’t miss to much!
Thanks for the book titles Rick I’m on to it.Dave
Dave, I expect to be in the same situation as you in about 12 months, currently am doing the research and reading but would like to know how things go.
good luckPaul
When it comes to investing I think you pick up something from every book you read – knowledge is power[biggrin]!
I like different books for different reasons, obviously Steve’s books 1 and 2 whet your appetite, then there is Peter Spann’s book and I have just finished the Reno Kings book-Real Property Real People unReal Profits. Like Steves last book (in particular) it deals with real situations and how people worked their way through problems. It goes on to cover no cash deposits, and niche markets such as boarding houses, duplexes etc.
I recommend all of the above to broaden your outlook.
Happy hunting
Jenny1
Jenny I agree and thanks for the tip on the reno kings book , I have bought it since I read one of your posts
Cheers Rick[drummer]
No problem whats so ever Rick, we all help each other out and learn along the way.
Seen a few of your posts replies and you too help alot on the forum.[biggrin]
Happy investing
Jenny
Jenny1
Thanks Jenny
100k cash to me would mean 4 x $100k properties plus costs. This would mean that with 80K debts and rents of $150 achievable then I’m a happy man.
Just a thought.
DD
PS146 Certified Financial Planner
Don’t sweat the small stuff,and it’s all small stuff!!I would be too, DD
Broome,
Do you want to be paid when people pay their telephone bills.
http://www.homebizleaders.com/4537I Suppose the trick then DD is to find 100K propeties that rent for $150…..
Not an easy task no doudt but……
Thanks for the heads up
Any more tips, I’m always listening!Dave
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