solomonParticipant@solomonJoin Date: 2005Post Count: 43
Apparently Dolf De Roos never had a job. He just leapt into property investing at around 18 years of age. Does anyone know how he survived the first few years regarding cash flow?
If I can find the answer I can do the same.
SolomonFast LaneMember@fast-laneJoin Date: 2004Post Count: 527
While at uni studying for a phD in Electrical Engineering he got 3 student loans just for the deposit on his first property. When he’d reached his final year of studies he did a RE deal that netted him a $30 000 profit. This was the same amount he was offered as a first years salary as a graduate of Electrical Engineering, albeit with a phD to boot!
Needless to say he followed his passion for Real Estate Investing and upi ’til the current day has never worked a job.
This is his official website – http://www.dolfderoos.com/NewMoneyMember@newmoneyJoin Date: 2006Post Count: 39
If I remember rightly, he made enough money from his first deal to avoid having to go to uni and to begin his career..
Mark.solomonParticipant@solomonJoin Date: 2005Post Count: 43
So did he then just use that $30k as living expenses while he found more deals?
Apparently he has only ever sold 4 properties in his life so how did he access the cash to live on?
So to my situation, I have $100K of equity and $120K in cash & now no business/job/income as I just sold it. If Dolf was in this situation what would he do?bradjeParticipant@bradjeJoin Date: 2006Post Count: 39
From what I’ve read/listened to:
He’d spend $20K on each of five $100K properties, if he was a beginner. Or if more experienced, take a risk in puitting down 20% on a bigger deal (borrowing the rest). He only buys Commercial property these days (or so I heard on some tapes of his from 2003).
Seems like a genuine guy, with quite a bit of financial savvy.
Like Steve, he only buys CFpositive deals.
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