Search results

When did i say it is impossible? Its not impossible, more futile than anything. If you have the motivation to get out there and build a property portfolio great! Just dont neglect increasimg your income because that is what fuels it.

Skater, find me a positive cash flow property in liverpool or fairfield. Go on. Those properties he bought are now 400k plus in those areas. You cant do what he did today on a low income. If we assume a low income is 50k those properties are now more than 8 times that wage. Back then they were...

Low income multi millionaire. Hrrmmm

Elaborate.

I only know one person who became financially independant on a low income through property. Last I spoke to him 7 or 8 years ago he was living of rents and would be in a better position now even he purchased nothing further. He was a panel beater, started buying in the mid 80's around western...

Bayview, still doesnt change the fact that it isnt a great way to make money. Fluking some capital gains is good but can you replicate it over and over? The only way to reliably make money in re (even then not gaurantee) is to develop it. If you dont want to develop it then you either need to...

Because money makes money. If you are on 50k a year you still have eat and put a roof over your head while someone who is on 150k could live just like you but put away the bulk of their income. If you do that for even 5 years you are going to see a result. Another thing to take note of...