Only recently joined and read Steve’s $1M I would appreciate comments
I am 65 with own business so can’t really look in long term. Second time married so have had to start from scratch but on the way again- 4 grown up kids are fine.
We have Sydney townhouse and IP house in Gold Coast and enough equity to do a few more deals
In trying to balance between Steve’s 11 second rule and Margaret Lomas’20 question rule with out a lot of luck. – the 11 second initial rule puts me into small towns in central Qld. With older timber houses.
Preference is SE Qld as we visit friends frequently and taking time out there is enjoyable
I feel we should be looking for positive cashflow with 110% financing with enough prospects for gain so that in our later years we would get some result from selling down if we had to. – Is this realistic?
Any pointers as to research strategy etc? – Thanks. .
Wally
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