All Topics / The Treasure Chest / Disabled Pensioner needs good mentors

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  • Profile photo of deauziedeauzie
    Member
    @deauzie
    Join Date: 2003
    Post Count: 5
    August 8, 2003 - 11:34 am

    Hello Everyone

    My name is Paul , I’m a 31 yrs old guy in Sydney
    I’m trying to live on a disablity support pension
    of $200 per week , I was attacked 8 yrs ago by 2 men who threw me over a 12ft wall onto concrete and broke my neck.
    I own a $ 330,000 home in Sydney , I was wondering if you guys think this is a venture for me as I don’t have a full-time job with a good income and the phycical ability to do any running around or work on any properties .
    But I need to create a larger income to live a decent life , I just got my learners permit on Tuesday and hope to start on my way back to driving again.
    A modified vehicle costs around $85,000 so I need to increase my cash flow !
    I have have spoken to my family and they are worried I could loss my home .
    They have said , What if :
    * Interest rates go up
    * people destroy the houses
    * who will repair the buildings
    and many other questions I can’t answer
    I have just ordered the book and audio tape , I can’t afford the other material.
    I hope some of you people could give me some good advice , I really could have benefited if I was one of the lucky 10 people the guys are taking under there wing for 12 months

    thanks

    Profile photo of entelechyentelechy
    Member
    @entelechy
    Join Date: 2003
    Post Count: 10
    August 8, 2003 - 12:04 pm

    Hi Paul,
    Yes, all those concerns you listed are a risk. If property investing wasn’t a risk everyone would be at it.( every one seems to be at it)I suggest you keep learning and increasing your knowledge and evaluating what fits with your goals and motivation. You’ve already invested in yourself with study material. Well use it and then, look for more.
    Eventually you will have to take action.You will find ways to do things and adapt the ideas you learn to your situation.
    I don’t know what you are reading or listening to but there is so much good information out there for you to devour.
    hope this adds to your search.

    Profile photo of ajwansajwans
    Participant
    @ajwans
    Join Date: 2002
    Post Count: 45
    August 8, 2003 - 12:19 pm

    Don’t listen to the people who say it can’t be
    done, it’s up to you to make it work.

    You can fix interest rates avoid the risk of a
    rate rise.

    You can get landlords insurance which will pay
    if you’ve got bad tenants and they wreck the
    joint or skip town without paying.

    A property manager can organise tradies to repair
    any damage.

    People have been succeeding at this game for
    hundreds of years, being one of the chosen 10
    wasn’t a prerequisite then, and it’s not now.

    andy

Viewing 3 posts - 1 through 3 (of 3 total)

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