I went to see Cheri Barber and she recommended 10%.
the take away might be ..................
you invested in yourself in terms of money and time, applied what you learnt and probably made some money AND had some fun at the same time
ta
rolf
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I went to see Cheri Barber and she recommended 10%.
I hit the land tax after 4 properties.
IP10 & IP11 were bought under the same trust. I have just setup another trust for the next purchase.
I feel very passionate about real estate but often times, feel like I am being misled by the nay-sayers. how do u keep motivated? how do u build ur contacts? do u just randomly reach out to people? are they open? I know that I have posed questions on Somersoft and people have private message me with valuable info
Great read Michael thanks for sharing.
You show how far dedication and enthusiasm can get you at such an early age.
I remember having that same fire burn strong. Wife, kid and another on the way suffocated that fire down to a candle but it is still lit.
I managed four properties by 28 and then halted. All of a sudden it was important to go on overseas trips every year, buy new cars and generally relax the policing on cashflow that's required for property investment.
Im 32 now.
Last property was a $590,000 display home which crippled my cashflow.
But with the recent interest rates drops and a few pay rises I'm excited again. Whats your advice on fixing? Bankwest have some mouth watering rates for 3 years.
I managed four properties by 28 and then halted. All of a sudden it was important to go on overseas trips every year, buy new cars and generally relax the policing on cashflow that's required for property investment.
Im 32 now.
But with the recent interest rates drops and a few pay rises I'm excited again. Whats your advice on fixing? Bankwest have some mouth watering rates for 3 years.
neK;1271761 I'd rather have some money and be happy rather than lots of money and be lonely.[/QUOTE said:Loneliness is a state of mind and all states of mind are impermanent, realising that your state of mind is impermanent is realising that there is no loneliness
Loneliness is a state of mind and all states of mind are impermanent, realising that your state of mind is impermanent is realising that there is no loneliness
The same can be said about how much money is actually required.
Hi I have bought 3 villas and 3 highset in Logan for the last 5 years no problems from tenants at all. They live messy but no damage and pay rent on time. In my case I have no problem. It looks price started to go up which is good.
Suraj
I remember when I purchased my 1st IP, family members and also my partner were telling me not to purchase the property due to having too much debt and renovation cost. Thank god I didn't listen to them!!!