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From: Lesley .
Dear Forumites. Over the past three months, I have been diligently reading most posts on this forum. I have also posted some questions regarding IPs, some of them quite basic. I notice that someone posted a message the other day asking for a mentor. I feel like I really need this as well. I have had some advice from some (Thanks, Tibor, Rolf and Ross S), but still I feel like I don't know what to do next. There are all of these things hanging over my head like strategy, strategy, strategy, loan structure, positive cash flow, reading, reading, reading. I have now clearly defined what my strategy is, and I have done substantial reading. However, what now?
Who do I get to help with loan structure?
Who do I get to help with the selection of the right property?
How do I find a good accountant, one who will work hard at getting as much tax back as possible?
Is finding a cash flow positive property as hard as it seems?
After reading some of the life stories posted recently, highlighting the sometimes "rags to riches" tales, I am beginning to think that I am never going to get there (all were very inspirational, BTW). The more I read, the more I seem to be going around in circles and the more questions I have. We really want to take the leap and buy an IP, but now we are a little cautious as we want to make entirely certain the property will be exactly what we want it to be. (Must add, nearly got bitten by a certain "club" which apparently was going to get us the deal of the century). There seem to be so many seminars and courses which we can attend, but it will be almost impossible to make it to all of them (let alone be able to afford the associated costs!). There are thousands of books available, but it will be almost impossible for me to buy and read all of them in this lifetime. I am beginning to feel that this is INFORMATION OVERLOAD and I am getting lost in the info. I attended a Freestylers meeting in Brisbane about 2 months ago, but was not overly impressed. I have plans to attend the next one though, to make sure that I didn't miss anything. Can anyone help by offering some advice?
Cheers,
Lesley
Dear Forumites. Over the past three months, I have been diligently reading most posts on this forum. I have also posted some questions regarding IPs, some of them quite basic. I notice that someone posted a message the other day asking for a mentor. I feel like I really need this as well. I have had some advice from some (Thanks, Tibor, Rolf and Ross S), but still I feel like I don't know what to do next. There are all of these things hanging over my head like strategy, strategy, strategy, loan structure, positive cash flow, reading, reading, reading. I have now clearly defined what my strategy is, and I have done substantial reading. However, what now?
Who do I get to help with loan structure?
Who do I get to help with the selection of the right property?
How do I find a good accountant, one who will work hard at getting as much tax back as possible?
Is finding a cash flow positive property as hard as it seems?
After reading some of the life stories posted recently, highlighting the sometimes "rags to riches" tales, I am beginning to think that I am never going to get there (all were very inspirational, BTW). The more I read, the more I seem to be going around in circles and the more questions I have. We really want to take the leap and buy an IP, but now we are a little cautious as we want to make entirely certain the property will be exactly what we want it to be. (Must add, nearly got bitten by a certain "club" which apparently was going to get us the deal of the century). There seem to be so many seminars and courses which we can attend, but it will be almost impossible to make it to all of them (let alone be able to afford the associated costs!). There are thousands of books available, but it will be almost impossible for me to buy and read all of them in this lifetime. I am beginning to feel that this is INFORMATION OVERLOAD and I am getting lost in the info. I attended a Freestylers meeting in Brisbane about 2 months ago, but was not overly impressed. I have plans to attend the next one though, to make sure that I didn't miss anything. Can anyone help by offering some advice?
Cheers,
Lesley
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