2nd book question

Viewing 4 posts - 1 through 4 (of 4 total)

BillyT
Participant
@billyt
Join Date: 2004
Post Count: 24
October 10, 2004 - 3:00 am
Have read steves 2nd book and am once again inspired.
The question i have is , where it refers to e.g robbos passive income as being gross 153,660
does this mean his income without taking holding expenses into account
thanks darren
Steve McKnight
Keymaster
@stevemcknight
Join Date: 2001
Post Count: 1,763
October 10, 2004 - 3:35 am
Hi Darren,
Glad you enjoyed the book [evo]
Can you pls give me a page ref re: Robbo?
Ta,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********
Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.com
Success comes from doing things differently
peterp
Member
@peterp
Join Date: 2003
Post Count: 307
October 10, 2004 - 11:52 am
pe
Originally posted by SteveMcKnight
Can you pls give me a page ref re: Robbo?
Page 265. As it’s gross, I’d interpret it as being before interest, holding costs, etc.
Though if I’m wrong (and it’s after costs) then it turns a good achievement into a great achievement.
Peter
BillyT
Participant
@billyt
Join Date: 2004
Post Count: 24
October 10, 2004 - 12:58 pm
thanks guys, youre right it is page 265, i also think i just learnt my 1st investment lesson. Dont read steves books from back to front.
If i had started from the front i would have realised that on page 218 it states that the gross positive cashflow is in fact before expenses are taken into account.i read this 10 minutes after posting my question
sorry to waste your time guys