Hi ya,
I’ve just finished reading Steves NEW book 0 – 260, which for me has been the missing link…since 3 yrs ago when I read his first book. Then I watched the book launch vid…..and now I’m confused.[wacko]So, experienced ppl’s I would appreciate an opinion pleeease!
My friend has found a niche market (fishing and camping) at Dundee Beach N.T. and believes it would be a good area to buy and hold. And later develop. All as a partnership.[grad]
I earn an average wage 30K(can earn exceptional once I’m healed) $1500 debt to go, and they (friend and wife) have combined income of 90K with a mortgage of 190K with equity round 70-80K if house was to be revalued.[grad]
The block of land is vacant is a 1 acre cliff top block for 340K on the water.[whistle]
From the book I gather its a time of protecting what you already have and get rid of any LAZY money, and not to load up on debt.[glum]
But now I have learnt what I needed to know and want to get into the market…..it seems like a bad idea.[weird]
And if we were to go ahead,[medieval]
Now…how do we determine the best structure for a type of trust or partnership, and what ppl do I see first as far as finance, accountants, lawyers council and so on.[whistle]
Corey Corby
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