Shaelley

I understand your problem – its the same one I have. You need to have enough equity to purchase, but then you also need to be able to service the laon, so you need cash flow. I think that is why I am so confused!!!!!!!!!

I read these posts all the time but I feel very inexpereinced compared to others. I also feel like I am missing…[Read more]

What is bird dogging? I am interested in knowing whether that means you will find undervalued property and then ‘sell’ the info to others for a price. Am I right?

Also – how do you know when a property is under-valued or even good value? I think it is about location, what other comparable and close property has recently sold for, and…[Read more]

Crashy

You did well to find a property in Brisbane that fits with Steve’s definitions – or am I doing the sums wrong?

Can some clever wizard help me on this?? Home value $750,000 mortgage $350,000. Inv P No 1 value $350,000 mortgage $169,000. Half of another Invet P value $175,000 mortgage $70,000. Our gross income – $190,000.

Would I be…[Read more]

Hi I read Steve’s book over a year ago, and read the electronic stuff all the time. But I haven’t done anything about it .. we still have a mortgage and 2 neg grd properties. Also I have started working for myself (left the corporate world).

Am scared of positive cash flow – even though I know the rationale behind it. Also am not sure how to…[Read more]