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I admit I've done the wrong way. I need help to GET OUT. Any advice?NNAJ [1 Posts] This site and Steve, Dave's book are Godsent. I realised I'm no different than probably 99% of other blokes who does it by hearing and listening to someone who knows nothing about making money through property. Now for the hard facts. I wanna get out of this wrong tactics, advice or "smart move" before I can start afresh using Steve & Dave's awesome advice in the book. The problem is I don't know how to and where do I start? I'm totally stucked in a negative cashflow property situation and with the current rates, it's already bad enough and gets worst later on in the year with few rates rises. Hmmm What should and can I do to start afresh? Xenia [1228 Posts] Hi Get to know who's who in Real Estate Investing: Join our Adelaide Network Group Julz [2 Posts] Without knowing anything about your portfolio or your situation I can only provide general hints (note not advice). You may need to Bite the bullet and sell that way you will have some cash to invest in the type of properties you are now looking for. This will be an incredibly hard decision and most people resist and come up with every excuse under the sun but are unable to move forward until they take this step. I think you need to work out if this is the correct decision for you. CD [12 Posts] I also believe that the only wrong way is doing nothing. I suggest that you look into exactly what you would do if you sold your current property before you think about selling. You may find that the alternatives make your current situation look quite good after all...! |
User loginIn The NewsHOT: Super Starter Seminar Brand new full 1-day Steve McKnight seminar for investors wanting to buy their 1st investment property in the next 90 days Rudd Policy Inflation Danger Experts warn workplace policy changes will increase inflation and cause interest rate rises. Today's TipConsider the worst case scenario before you buy <more> Active forum topicsWho's Online |
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