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From: Mike .
cashflow the game
From: adam
Date: 8/22/00
Time: 8:40:10 PM
hello I am intending to buy the cashflow game this week, and after finding out how much it is (nearly the same price as the playstation I just bought), thought I'd better get someones opinion on whether it is worth it. Is it just an expensive monopoly game that relies on luck, or does it really teach some important lessons? Also is each game different, or does it become repetative fairly fast? I love monopoly however it is a little bit too easy, as well as the luck component is too great.
I have just read Rich Dad Poor Dad, it was a pretty good book. If anything its taught me to keep my eyes open for possible money making schemes (within real estate). I own 3 IPs, and when you take into account the tax return they would probably break even. I quite like the idea of actually having a positive cashflow, and the book and certain people on this forum have demonstrated that it is possible.
I would be interested to hear from anyone that has been able to negotiate a settlement period longer than 6 months (with vacant possession).
Every day I see beautiful houses (victorian type) close to town (within 15 mins of Adelaide) that are vacant, and are being left in a total state of disrepair. The owners of these properties if they were interested in selling would have nothing to lose on a long settlement period. I am determined that my next IP will be done this way. If I can get an 18 month settlement period with vacant possession then I could give myself 6 months to make the house presentable, then use the other 12 months to rent it out, this would be money towards the deposit. Anyway its only an idea what do other people think?
Regards Adam
cashflow the game
From: adam
Date: 8/22/00
Time: 8:40:10 PM
hello I am intending to buy the cashflow game this week, and after finding out how much it is (nearly the same price as the playstation I just bought), thought I'd better get someones opinion on whether it is worth it. Is it just an expensive monopoly game that relies on luck, or does it really teach some important lessons? Also is each game different, or does it become repetative fairly fast? I love monopoly however it is a little bit too easy, as well as the luck component is too great.
I have just read Rich Dad Poor Dad, it was a pretty good book. If anything its taught me to keep my eyes open for possible money making schemes (within real estate). I own 3 IPs, and when you take into account the tax return they would probably break even. I quite like the idea of actually having a positive cashflow, and the book and certain people on this forum have demonstrated that it is possible.
I would be interested to hear from anyone that has been able to negotiate a settlement period longer than 6 months (with vacant possession).
Every day I see beautiful houses (victorian type) close to town (within 15 mins of Adelaide) that are vacant, and are being left in a total state of disrepair. The owners of these properties if they were interested in selling would have nothing to lose on a long settlement period. I am determined that my next IP will be done this way. If I can get an 18 month settlement period with vacant possession then I could give myself 6 months to make the house presentable, then use the other 12 months to rent it out, this would be money towards the deposit. Anyway its only an idea what do other people think?
Regards Adam
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