Tuesday, August 23, 2005
Let's Push Things Forward
It may well be attributed to an overdose of Kiyosaki and similar stimulants, but I have finally got off my arse and established the whole company/trust/separate bank account trifecta as of today, with the impending purchase of my first investment property to take place this weekend.
The unit in question is in a refurbished hotel/apartment building in Broadbeach and should be able to give me a return well above most of the local property - in fact, it should work out about cash flow neutral - which is nice. Because I am technically buying for a trust that I have a controlling interest in, rather than for myself, I can also get paid a commission on the sale.
The tough part now? Finding a second property to meet my lofty standards - I know that they exist, the hard part is getting to them first...
The unit in question is in a refurbished hotel/apartment building in Broadbeach and should be able to give me a return well above most of the local property - in fact, it should work out about cash flow neutral - which is nice. Because I am technically buying for a trust that I have a controlling interest in, rather than for myself, I can also get paid a commission on the sale.
The tough part now? Finding a second property to meet my lofty standards - I know that they exist, the hard part is getting to them first...
# posted by Nils @ 8:40 PM 
