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From: Andrew Brenchley
I have just joined this forum and have noticed the negative press that Henry Kaye has been given. I did Henrys course a few years ago when it was only about $1000. And it changed my life. He tought me the way to make passive income with investment properties. I have several rentals ( houses) around the country that are all cashflow positive by about $30 per week without the tax deductions. All of my properties consitently grow 10% per year with my best one growing 40% (and this was in adelaide)last year. Henry warns of the dangers of negative gearing and i do also wonder why a property would cost you $40 + per week out of your own pocket, when it can be turned around to be positive then you can buy a lot more. For instance if a property costs you $50 per week out of your own pocket and you buy 7 that means that it costs you $350 per week.As youi can see you can only do a few of these before it starts getting expensive, Any way i plan to purchase another 14 properties by 31/12/02 using this system.
These are just my thorts because it works for me.
Happy investing
AB
I have just joined this forum and have noticed the negative press that Henry Kaye has been given. I did Henrys course a few years ago when it was only about $1000. And it changed my life. He tought me the way to make passive income with investment properties. I have several rentals ( houses) around the country that are all cashflow positive by about $30 per week without the tax deductions. All of my properties consitently grow 10% per year with my best one growing 40% (and this was in adelaide)last year. Henry warns of the dangers of negative gearing and i do also wonder why a property would cost you $40 + per week out of your own pocket, when it can be turned around to be positive then you can buy a lot more. For instance if a property costs you $50 per week out of your own pocket and you buy 7 that means that it costs you $350 per week.As youi can see you can only do a few of these before it starts getting expensive, Any way i plan to purchase another 14 properties by 31/12/02 using this system.
These are just my thorts because it works for me.
Happy investing
AB
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