So, 7 months has passed since I outlaid a “massive” (so my wife said) $600 to find out more secrets of investing. I would really like to get feedback from other attendees as to what they have achieved since.
I havent yet bought that first investment property, but I have taken some action , made offers, told agents what I want etc. Its amazing how agents can show you properties before they are officially for sale, when they believe you are serious. Maybe this is what they mean when they say, get on the inside. Or i could just look in the R/E windows and hope for a bargain.
I havent bought yet, but the $600 has probably prevented me losing $50000, as its easy to buy property, but harder to buy and make some money. There’s people getting 3% gross return ,saying that they’re making a killing!Any thoughts ?
thomas
I’m surprised that after 7 Months you haven’t found anything yet?
I purchased about 7 Months ago, get about a 6.7% return after letting it as a fully furnished poperty and have had about $70k Capital Growth on the IP, the rent is due to go up in 4-5 Months as well.
I think it costs me about $9.26 per week to hold after all cash, tax, depreciation etc is taken into account
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculators
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