strategies
hi everyone...
just thought i'd put a forward an idea for some opinions...
in about 12 months myself, my parnter, mother and brother will be ready to begin investing in property - we have a combined income of about 100k a year. My thoughts are to invest through a company, and to start out by buying two properties - one to rent out, and the other to renovate for profit, which will then go towards paying off the other property. The plan, then, will be to buy another renovator, and repeat the process till the initial property is completely paid for, then start all over again.
Anyone got any thoughts on the practicalities or technicalities of investing with this strategy?
hi everyone...
just thought i'd put a forward an idea for some opinions...
in about 12 months myself, my parnter, mother and brother will be ready to begin investing in property - we have a combined income of about 100k a year. My thoughts are to invest through a company, and to start out by buying two properties - one to rent out, and the other to renovate for profit, which will then go towards paying off the other property. The plan, then, will be to buy another renovator, and repeat the process till the initial property is completely paid for, then start all over again.
Anyone got any thoughts on the practicalities or technicalities of investing with this strategy?