All Topics / Overseas Deals / The right way to do it ?

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  • Profile photo of Sparticus10Sparticus10
    Member
    @sparticus10
    Join Date: 2005
    Post Count: 10

    OK I’ve been doing what the first book said and buying +CF property (in NZ) and I’m up to 5 IP’s giving me a +CF of around $6,000 p.a.

    My concern is that I’ll need one hell of a lot of these to get financially free from working, maybe 50 or more of them !

    Am I going about it the right way or did I miss something?

    Profile photo of tassietassie
    Member
    @tassie
    Join Date: 2005
    Post Count: 3

    gday,having read the books just recently it sounds like you are going to plan what is the problem with 50+ properties as long as you can keep funding them.how are you funding the deposits??

    Profile photo of Sparticus10Sparticus10
    Member
    @sparticus10
    Join Date: 2005
    Post Count: 10

    Hi Tassie,

    Just from savings and I’m now borrowing against them for further acquisitions.

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