Hi Captain of the Enterprise and other contributors,
I'd like to point out as single sentence in Dolf de Roos's book
in the Preface where he writes
I have never had a job.
Very interesting reading. For those who have not been acquanted
to him, strongly recommended.
I guess you have 2 options,
1. Feel hopeless and lost and whatever and do NOTHING. My best guess in 10 years time it will be more or less the same.
2. Look at as an opportunity. Your assignment is (to use your brain more than the average punter) to find a property where you can negotiate a long term settlement and access to the property during that period of time, renovate it on a very low budget and get it appraised so it will be cash-flow positive, under 75% LVR (no cash reqd), good broker for a low doc loan.
By the time you've achieved this, you'll be more of an expert than several people who already own (maybe even multiple properties). You just learned how to make money out of alost nothing! Having lost of equity and reasonable job / salary makes it much easier, but not smarter.
Should you be willing to take up the challenge it will take you where no (t many) man (woman, who cares about the sex) went before.
Awaiting your response eagerly,
Tibor
I'd like to point out as single sentence in Dolf de Roos's book
in the Preface where he writes
I have never had a job.
Very interesting reading. For those who have not been acquanted
to him, strongly recommended.
I guess you have 2 options,
1. Feel hopeless and lost and whatever and do NOTHING. My best guess in 10 years time it will be more or less the same.
2. Look at as an opportunity. Your assignment is (to use your brain more than the average punter) to find a property where you can negotiate a long term settlement and access to the property during that period of time, renovate it on a very low budget and get it appraised so it will be cash-flow positive, under 75% LVR (no cash reqd), good broker for a low doc loan.
By the time you've achieved this, you'll be more of an expert than several people who already own (maybe even multiple properties). You just learned how to make money out of alost nothing! Having lost of equity and reasonable job / salary makes it much easier, but not smarter.
Should you be willing to take up the challenge it will take you where no (t many) man (woman, who cares about the sex) went before.
Awaiting your response eagerly,
Tibor