Me 5! 
or just post it to the general public
or just post it to the general public
Thoughts On My Strategy
- Thread starter WigansAFC
- Start date
If the experience was positive I am sure the BA wont object to their name being posted.
Well done for starting Wiggans. There is a wealth of knowledge here if you take to time to read. Check the lists of books on here as well but some of the staples like those written by the somers (builders of this forum) clearly show that a range of strategies can work including the ever debated units vs houses and cashflow vs cap growth.
The main thing is to have a strategy, to get very good at it, and not to stop. If you focus on units in certain towns, that may or may not be my cup of tea. But whether they suit me or not is irrelevant. I recognise that there can be profit in them if bought well. If you keep doing what you are doing and focus on making yourself the very best at what you are doing, you will make profits. Keep making profits for long enough and you will build wealth.
Good on you for starting young
Well done for starting Wiggans. There is a wealth of knowledge here if you take to time to read. Check the lists of books on here as well but some of the staples like those written by the somers (builders of this forum) clearly show that a range of strategies can work including the ever debated units vs houses and cashflow vs cap growth.
The main thing is to have a strategy, to get very good at it, and not to stop. If you focus on units in certain towns, that may or may not be my cup of tea. But whether they suit me or not is irrelevant. I recognise that there can be profit in them if bought well. If you keep doing what you are doing and focus on making yourself the very best at what you are doing, you will make profits. Keep making profits for long enough and you will build wealth.
Good on you for starting young
Another strategy. Leverage lots. Buy an undervalued asset (obviously requires very good market sense, timing etc). When the uptick comes (as it may come soon), you make $1-2m. Sell
Put $1-2m in Telstra. Collect $80k-$160k tax free per annum. Done in 2 years. You'll be 28.
Put $1-2m in Telstra. Collect $80k-$160k tax free per annum. Done in 2 years. You'll be 28.
It's a good strategy. You reminded me of this guy:
http://www.yourinvestmentpropertyma...ed-runner-up-investor-of-the-year-148041.aspx
Just make you sure you won't get stuck in a position where you will be either running out of a deposit or cash flow for your next purchase =)
Would also like a PM regarding BA Wigans.
I'd also like to mention something about valuing your time vs. $$, while you may be spending significantly more time searching for a property, your knowledge and understanding also grows in this area... I think it's always good to mix it up ie. find some yourself, engage in BA for areas which you are not familiar with.
I'd also like to mention something about valuing your time vs. $$, while you may be spending significantly more time searching for a property, your knowledge and understanding also grows in this area... I think it's always good to mix it up ie. find some yourself, engage in BA for areas which you are not familiar with.
