My partner and I travelled up to Mackay and all points in between a couple of months ago.
after reading Steve’s books.
Being an “old property trader” myself for many years but being out of the market for a long time, I came back to property trading in 2002.
Anyway after being on the road for 3 weeks and talking to so many agents we came back empty handed as I figured the market too hot for what I was looking for.
However I persisted and recently (1 month ago) purchased a block of six with a risk downside of over 40%. That means of course I would be very unlucky not to make this deal work having purchased about 40% under market value.
I also went to the Brisbane seminar yesterday and get continued enthusiasm from the whole Property Investing philosophy.
Have been doing this now again for nearly 3 years and am happy to say I do it full time with plenty of lifestyle as well.
Good work Steve and Company.
Cheers,
Byron SamByron Sam
Originally posted by Byron Sam:recently (1 month ago) purchased a block of six with a risk downside of over 40%.
Byron Sam
What does that mean, Sam?
kay henry
Hi Byron Sam. I’m new to this forum and admitted freely that I do not know all the jargon. Would please explain what is a “risk downside of over 40%”.
Regards Bofclark
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