My hubby and I have 3 kids under 5. As i am a stay-at-home-mum, i can't study full time and don't want to leave my kids with anyone/anywhere. We have 5 investments already (country town though but all types like big land, small unit, close to main st, good houses in good streets) plus we own our home in a good area of Melbourne.
I am getting itchy feet to start learning more. I guess i am after any advice or info on courses i can do that are legitimate, informative and give me something i can use once my kids are all at kinder/school (so 4yrs away). I want long term study, not weekend courses. some sort of qualification might be nice to have also.
The way i would like to get into more property (depending on the economy/market conditions) is to buy, renovate (as we are pretty good at that) and either rent/keep or sell at a profit. (i don't want to work for anyone else and need to be flexible in my hours)
Any helpful hints or course ideas are much appreciated. Maybe you can recommend some books i can read instead. (and yes i have read steves books and done an 'untold wealth course'. and i subscribe to some investment mags and read these forums everyday. I JUST FEEL LIKE STUDYING
thanks in advance,
Hi. I am in a similar situation except that I am a house dad with twin daughters and my wife works. With a limited amount of income I have moved into the realm of positive geared property investments. I did have another property that was costing me about $400 a month to keep so when I became a house dad I sold it and used the $40,000 profit to pay down the loan on my other investment property. So now I will have a 100 % fully owned property in two months time. Name a book and I have most likely read it.
books I did like
Unlimited cashflow see http://www.businessmall.com.au/store/viewItem.shop?idProduct=53
From Broke to Millionaire in just 7 Years see http://www.businessmall.com.au/store/viewItem.shop?idProduct=3
How to Build a $10 Million Property Portfolio see http://www.businessmall.com.au/store/viewItem.shop?idProduct=2
It’s Easy To Be A Property Millionaire see http://www.businessmall.com.au/store/viewItem.shop?idProduct=26
Grow Rich with the Property Cycle see http://www.businessmall.com.au/store/viewItem.shop?idProduct=18books for inspiration
Ordinary Millionaires see http://www.businessmall.com.au/store/viewItem.shop?idProduct=143
Building Wealth – Story by Story see http://www.businessmall.com.au/store/viewItem.shop?idProduct=10another book I have read
Anyone can be a millionaire by Sean O'ReillyHaving been stuffed around by prospective employers for the last 4.5 years I have decided to not participate in the current job market and have started up my own business. This allows me to work around my kids rather than having some employer dictating to me when I have to work. As far as having qualifications I have a degree in commerce, a licence to drive an eight tonne truck, Microsoft qualification and am a qualified electronics technician.
What I have found with the current job market that they expect you to have experience but no one wants to train or give a non experienced person a fair go or a start in a new field of employment. So I have fallen back to my previous expertise in information technology which I am also qualified in and that is what I have based my business around.One of my biggest problems has been getting finance once I stopped working and dealing with Centrelink as they deem negative income as positive income when working out your parenting payment and family benefit payments hence this is why I do not do negative gearing anymore.
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