Real Estate Property

Real Estate Property

We think in terms of «How can I do it?»

Saying you can’t do something closes you into a box and shuts down creativity. I use my creativity to find answers and solve problems. Often times, solving problems requires creativity. Creativity is often the solution to not having enough money, or time, or resources.

Creativity is one of the most under-utilized resources people possess.

My first place was a 3-bedroom for $120k that I got into with only $10,800 out of pocket thanks to the loan program and my decent credit. A couple of years later I sold it and bought a four-bedroom house in a prime location.

This was in 2008, the market was very strong, and the house appreciated in value rapidly.

Five years later, I refinanced the house, took out 52k in equity and used that as the down payment for my first rental property in New Zealand.

Then over the years as the values continued increasing, I took out equity from that property to buy more properties. I refinanced our first home in Perth and bought my first two new units in Brunswick West during the pandemic.

This was conservative leverage, less growth, but better cashflow to help if the market bust again after Covid-19.

At the point now where buying more rental houses won’t do much good. My next step will be to sell off the houses and start investing in commercial properties. There are many laws in place that protect buyers of residential properties.

I have 4 rentals that have created millions in net worth and cost me very little money. Made a significant amount of money at my job, which as a health professional in the hospital. Saved as much money as I could. When I started to make good money as a nurse I did not become a millionaire. But it was a stepping stone…

Advantages of buying rentals.
It was not until I bought rentals that my net worth and stability took off. It only took a couple of years to get the first million after I starting stockpiling real estate. You have to get amazing deals to make your money go farther. You have to know how to finance the properties so that you maximize your money.

One of the great advantages of real estate is the ability to finance it. You can get long-term loans with low rates on most real estate deals. I have good brokers that help me with finances.

Should you Pay Cash or Get a Loan on a Rental Property?

Can you buy real estate below market value? Yes, you can!

You can easily buy a house that is worth $150,000 for $100,000.

A Great Deal on an Investment Property should be making money every month on your rentals. I make $12,000 after paying taxes, insurance, a mortgage, vacancies, maintenance, property managers, and more.

Sure you should know market values.

How to determine what A House is Worth?

Invest in Three, Four or Five.

You have to be able to find a good deal.

You make your money when you buy, not when selling.

How to Find a Great Deal on an Investment Property has to have good contractors to do the work.

How to Find a Great Contractor to Fix Your Home.

Get a real estate agent to sell the house for you. They will get you more money and save you time over trying to sell yourself.

You can do it!

I’ll introduce you to real teachers who do the real thing.

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