There is now two people in this thread trying to pick me to pieces.
I am an investor.
I invest in property for capital growth.
Putting $250,000 into a deal is not investing if your trying to make a property neutral. And if it is to make it positive, then yur not getting great return on capital are you?
It is not all about positive cash-flow and not all my properties are. I make money from all my properties and they have their crucial points. The point is treat your investing as a business and not get caught by sales people in suits trying to sell you a property for a commission.
I don't care what you think of me, I put some light humour into a serious topic and some over opinionated, "people" took it to heart because they have got these type of deals. I don't really care what YOUR opinion is of me, its YOUR opinion and you are entitled to it.
What am I trying to sell? A new property? An old property? any property? Education? What???
Sure I have products and services so what?? Do I make my $$ from that? NO. I make it from investing.
Your not an investor or a business person obviously Felixter because if you were you would understand simple numbers....
Seriously, who would put $250,000 cash down on a property to get $0 back on it? $250,000 deposit could build a neutral portfolio of 10 properties. Go back to your TV and keep watching infomercials pal
I must say, I haven't had a good little challenge online for a while its a really nice feeling.
Good night all!
p.s. I don't have time or energy to reply to all those little comments throughout this thread about how you can't do this and that or extreme views.
The reality of it is that deals can be made or properties can be purchased. Point of the video is know your numbers and don't get sold to. Have a solid plan, a starting point, end goal and work out whats best to get you there. Not just buy stuff willy nilly that gets sold by the project marketing company.