Forum Replies Created
Hi Damien
I have a couple more questions for you. Is this a single uint itn a small block? If so why not buy the whole block? If it is in a large block I personally would be shying away unless you can get a serious reduction in price. What price do the vendors need to move on, is this the best price they can offer you. Also don’t forget land appreciated and buildings depreciate, to my way of thinkning, bigger land content more opportunities for growth /increase in price.
Just my 2c worth
Good Luck
regards
Sue OwenMIT | Owen Real Estate
Email MeHi Markus
I think I met you at the Brisbane Masterclass I and we swapped details. Wanna do a JV. I’m interested in student accom too <lol>Mja I have been reding your posts, is the 5 bedrooms for your PPOR in which case I guess it is a personal preference thing
Sue OwenMIT | Owen Real Estate
Email MeHi Markus
I think I met you at the Brisbane Masterclass I and we swapped details. Wanna do a JV. I’m interested in student accom too <lol>
Sue OwenMIT | Owen Real Estate
Email MeWell as I understand it you have loads of options. Another might be to sell your home, either downgrade or rent and use that extra cash to invest in a bigger way. This is the path I chose with a view to buying another home later with CASH once I’ve achieved other investment goals including divesting myself of my JOB. One of the problems with equity in your own home as I see it is that you can only then borrow 80% without penalty. But if you have the cash you can use the whole lot. It helps if you have a business that can rent most of the house you live in and that helps to pay most of the rent. But hey I’m no investment advisor so this is just my own opinion. You need to do what best fits your needs
Good luckMIT | Owen Real Estate
Email MeHappy Birthday Steve and thanks for bucket loads of info at the Brisbane Masterclass yesterday
Have a Great Day
Regards
Sue OwenMIT | Owen Real Estate
Email MeThis is understandably a very difficult issue to tackle. When married, my husband was very risk averse and preferred to buy a Harley using JOB funds rather than buy another investment property. This is the same man who now is struggling with selling this one that is losing money DOH!!. Anyway I recall an investment audio tape telling me once that if the partner is disinterested, don’t talk to them about money, instead go and make the money and put it in your own bank account, then see how long they stay disinterested [biggrin]. Good Luck
MIT | Owen Real Estate
Email MeHaving attended the Bris Masterclass today, I cannot recommend it hightly enough [biggrin][biggrin]. I too am booked into the Profits Power workshop in Melbourne. So I hope to catch up with you there Buzzwells. Oh by the way ENJOY the Melb trip. Victoria along with the rest of this great country has so much to offer!!1
Regards
Sue OwenMIT | Owen Real Estate
Email MeHello Everyone
Well I went to a 3-day Business School for Investors, Kiyosaki School last June and found it amazing despite the cost. What price learning?[biggrin]. This combined with the book One Minute Millionaire given to me by an amazing man has given me a much needed shove onto this journey.
I have also read Steve’s books and attended the masterclass in Bribane today. Wow what an amazing day. I think I have a better appreciation of “running the numbers” setting up deals for win-win and more confidence as to how to handle my JOB throughout all this.
Having been to the Masterclass, I’m not sure I would say that Steve is “using” Kiyosaki’s model, I tend to shy away from those sorts of comparisons rather see each of the “Teachers / Educators” I come accross as offering something quite different. ie thiet interpretations of the others and how they have implemented certain strategies etc.
Keep up the learning it’s all good
regards
Sue OwenMIT | Owen Real Estate
Email MeHello Everyone
I just attended the Brisbane Masterclass today. Sorry I didn’t meet up with you all. Wow what an amazing day!!!!.
I have been wanting to make the “leap of faith” but have lacked the confidence till now despite owning two homes and building one of them from scatch several years ago and currently having one “Dreaded Negatively Geared Property” that is currently on the market.
So what did you all learn today, I’m interested in sharing experiences.
My learnings for the day? Well I talked to Steve this morning about my lack of confidence and wanting to eventually leave my J.O.B. (Just Over Broke). Having attended the class I now have more confidence in my bability to research and put together deals that are not only win-win but also profitable. The session explaining the “11 sec” solution was just fantastic. Thank you Steve.
Regards
Sue Owen[biggrin]MIT | Owen Real Estate
Email Me
