Hey All,
I was just writing in query of the ways to create wealth through property investing. I’ve heard of positive cashflow properties, negative geared properties where the price of the property increases anually so you are sitting on money. I was just wondering if there were any other ways to invest in property???Cheers
DamienDamien,
There are hundreds of different strategies & as you read more about the topic you’ll encounter a lot of them.
It’s not a cut & dried list that you can simply pick from it’s a process whereby you explore different strategies until you find the one that suits you.
I know people who specialise in wraps, flips, renos, options, developments, OTPs, combos of these and other approaches as well. Just keep reading & you’ll learn more.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
Acey,
What’s that saying??
The more you know, the more you know you don’t know… or something to that effect.
It’s a wonderful world of creativity, d_dry. The only limitations are the ones you put out there.
Read a lot and talk to as many people as you can. You’ll go a long way.
Regards,
Boyler RoomDuckling Business & Investment Network
http://www.duckling.com.au
Why Walk When You Can Fly?Hi guys
i love it when you can add strategies together
first you take Cash positive
then add capital growth (yes it can be done , just ask steve and the mappers)
then add reno to it.tie them all together in the one property and wammy it should be a beauty,
regards westan
I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database
The strategy I used so far:
1. Identify potential grow area that you willing to invest.
2. Look for good quality investment property which will provide capital grow in the future.
3. Buy one property ie. negative gearing property.
4. Identify potential area with positive cashflow opportunity.
5. Do your due diligence
6. Buy 2-3 positive cashflow properties
7. Step 3 (negative gearing) should equal to or less than step 6 (positive cash flow)
8. Repeat steps 1 to 7
9. Once step 3 have enough capital grow then sell it to take your profit and reinvest in a better area.
10. Retire Young, Retire RichKind regards
Jet Dollars
[Retire Young, Retire Rich]
Share Investing Forum: http://www.aussiestockforums.comBoyler_Room,
You’ve hit it on the head. Often we are sitting on a mount of knowledge and act and believe that’s all we are capable of doing. Then we look up and see a huge mount (knowledge) that we weren’t aware of. The moment we discover this (knowledge) we immediately become aware of how much we don’t know (our ignorance). I think Socrates put it better than I can but what you said is true.
Cheers,
Gatsby!Sometime knowing too much is not a good things, but action will take you forward. Too many people spending too much time searching for the perfect solutions. The problem is they don’t what is the perfect solutions because there aren’t any.
If you know it and don’t use it then you don’t know.
Kind regards
Jet Dollars
[Retire Young, Retire Rich]
Share Investing Forum: http://www.aussiestockforums.com
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