Cash Positive Should Bring in More than it Costs You Part 2 Many hardened and seasoned investors will tell you that positive cash flow property does not exist. These types of properties certainly DO exist and I will give examples of properties I have bought (or...
Cash Positive Should Bring in More than it Costs You Let’s face it, that’s what an investment is all about, isn’t it? Anything less is a gamble. You are gambling on the fact that the property you are purchasing will go up in value, either due...
Wealth Characteristics Burning desire Specialised knowledge Entrepreneurial thinker Decisive nature Team to assist you along the way Successful Investor’s Checklist Know what you want Learn all the strategies Learn all the tools Take action Be consistent and determined We always recommend that you seek professional advice as...
14 Success Team Members Part 7 12. Hardware and Supply Stores You will eventually need to know where to source your materials and supplies from. You will need to know who is prepared to look after you while you are still starting out and continue to look...
14 Success Team Members Part 6 10. Insurance Agent At this time, you will also need to find a good Insurance Agent. Find someone who will make sure that all your bases are covered and that you are protected against those unforeseen things that may be hiding...
14 Success Team Members Part 5 6. Building Inspector and Pest Inspector When you have gone to contract on a property, you will need to find a Building Inspector and a Pest Inspector. Ask questions and find out who is reliable and thorough. Make it your business...
14 Success Team Members Part 4 5. Real Estate Agents You will build up a team of Real Estate Agents as you research properties for sale in your target areas. Talk to Real Estate Agents, tell them what you are doing and ask them about their town...
14 Success Team Members Part 3 3. Solicitors / Accountant / Insurance Broker I group the team members 3, 4 and 5 together as they fall into the same category. Of course, from here it takes time to build a strong network with your very own success team....
14 Success Team Members Part 2 1. Your own office space Before you even begin, I believe it is extremely important to organise your home office space. Once you get involved in property investing, rentals, tenants, renovations etc., the paperwork will multiply, and record keeping is a...
14 Success Team Members Here is a list that is a good place to start: Your own office space Family / close friends / likeminded people Solicitor/s Accountant Finance broker Real estate agents Property managers Valuers Building inspector / pest inspector Building industry consultants, g. town...