Overwhelmed

Hey Sushi ,
Well done for asking the question…..your journey has just begun.
As Harryson says you must get a plan. There is a lot of info here and I would suggest sitting down one night ( or a few) and reading back as far as you can on the forum. That will give you a lot of info and a lot more questions which you can then ask here again. There are also a lot of good books to read depending where you are on the journey. Books by such Authors as Robert allen, Napoleon hill, John Burley also check out Steve’s post at

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=316

Gotta sit down soon and write out all the books I have read lately some good ones too.

Hope this helps and don;t stop learning.

Enjoy
AD [:0)]

“Don’t dwell on reality; it will only keep you from greatness.”
-Rev. Randall R. McBride, Jr.

hey sushi,

Its fine to ask questions, that way we both learn!! i know u can in some situations but i would ask your accountant or solicitor b4 buying all your material on the assumption u can.

I would be keen to c how u go!!

Cheers

Alex

“Everyone wants to go to heaven but nobody wants to go to die”

Do you have any investmnent properties Sushi ??
If so would this not derive you an income….even if it is a loss ??
Enjoy
AD

Enjoy
AD [:0)]

“Don’t dwell on reality; it will only keep you from greatness.”
-Rev. Randall R. McBride, Jr.

Hi Sushi

good on you for starting !!

It is a fun and sometimes bumpy ride, but actually taking control of the financial part of your life is a huge experience. (hugely good that is)

I agree with Harryson & AD,
1) research research research,
2) build the team (business partner, solicitor, accountant)
3) research the market
4) do a deal (i.e. buy something that wont send you broke if it “goes pear shaped”)
5) learn from the experience and do it again
6) embrace your mistakes; they are the best teachers (apart from your children) that you will ever meet

As everyone else said, there is some great reading material here, so this is a good place to start. Make sure you look at the links section of the site maintained by the ever groovy sooshie.

cheers

the Bruce

ps WELCOME !! []

Hey there again Alex,

All i can say is; “If you get in debt make sure it is small if it big then make sure u get someone else to pay for it”
Robert Kiyosaki

There are people out there that have millions in liabilities but they don’t pay for it!!

If u only take in half the information on this website u will do alright!!

Cheers

“Everyone wants to go to heaven but only a few are willing to die”

8>)

Hi,

There have been some excellent quality posts in reply to your request.

My thoughts are that you need to determine what your outcome is that you are trying to achieve from investing (ie. capital gains or cashflow).

Deciding this will enable you to focus on particualr types of property investments.

Then it’s a matter of finding them, which will require some effort.

If you haven’t already done so then I recommend the Fast Track tape that I recently completed with David (my business partner). In it we outline what we did when making a start, so you should find the information relevant.

Re: books, do you earn interest? If so then maybe you could argue you already invest and as such books etc. are just extrapolations of maximising your investing dollar. Don’t rely on this though… see your accountant.

Bye

Steve McKnight

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Remember that success comes from doing things differently.
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