https://www.propertyinvesting.com/forums/property-investing/help-needed/4336176
Here is my Original thread.
While I know that a Mentor might not be able to help out in the Canadian Market I'm very interested in talking to someone who's ' been there, done that ' and has a fair sized property port folio.
If anyone would be interested in some light mentoring i'd love to set up a time and talk via skype. I'm considering coming back to Australia and dominating the Sydney Market if I can gain some momentum and find a mentor.
Much love
– Paul
Sorry if I'm sounding rude but why would anyone want to mentor someone who isn't in a financial position to begin investing in property.
As stated in your other thread, you need to focus on an income that can secure the investment future you desire.
You do not need income to invest in Property.
Every book i've read has suggested you can borrow everything and just do it via foreclosure homes.
Borrow from who? Zaul
Zaul sorry old mate i hate to say i think you might have been out in the Canadian sun too long.
Here is Oz finance is harder to obtain now than ever before and the new NCCP regulations mean supportive income is paramount.
I have a reasonable sized portfolio (Well i guess if 40 properties is reasonable sized) but certainly couldnt replicate what i have over time without a decent income.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi
Investing in the Australian market is proving to be a very viable option for people looking for capital growth, tax benifits.
I have been in the industry for 5 years now and have worked in all areas.
Property research is vital to any investor along with knowledge of local builders.
Should you want further information please let me know/Zaul wrote:You do not need income to invest in Property.Every book i've read has suggested you can borrow everything and just do it via foreclosure homes.
Zaul,
I’m so sorry to day this is absolutely, positively not possible in Australia.
However, if you come back to Australia, I’m happy to become your mentor. I promise that if you get a good job (above minimum wage), become a permanent full-time employee, save $5,000 and keep a good name (no listed default). I can help you buy your first IP.
Promise. you don’t need a lot of money but you must have a little something.
Right, let’s be clear about this, honey. You can’y buy with nothing.
See you soon, hopefully.
Angel
Hi Zaul
Preserve that energy drive n enthusiasm, and use it to build a plan and some capital.
You have opportunity, need to build on that.
Good luck, go for it.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
I cant believe some of the replies that Zaul is getting. He just wants to get pointed in the right direction.
@ angelinsydney, You really are an angel for willing to help the kid out, I am not experienced enough to be a mentor otherwise I would have put my hand up first.
@ Zaul, Hey mate make a passion an obsession and you will succeed
All the best.
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Hi Zaul
Sounds like you don't have much cash to pitch into your first deal… so try looking at towns that you can buy into relatively cheaply and quickly add value to beef up the value of your asset. Then you'll be away. For the purpose of the exercise, start looking at Blacktown, NSW. For example, you could buy a house on a large block, add a granny flat or unit out in the backyard, and rent them separately. This is one example of how to increase the rental return to a higher yield, and also of course increasing the value of the property itself.
JacM
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
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