Who has the working class dream... (1 Viewer)

[TastesGoodBut]

of unearned wealth from investment..

i know i do - i plan on making my money from real estate investment...

 

[mellyt]

my cousin was 19 when he bought a run down house... from a loan... he did it up and sold it... and bought another run down house... did that up and sold it... that continued for a few years...
At the moment he's 26 and has 900,000 in his account and 3 houses.. now thats a smart businessman

 

[MiuMiu]

eh the property boom isn't going to last for much longer, be wary. Interest rates went up today and I think they'll do it again in the near future.

 

[jm1234567890]

well.. property investment could be a carreer. However, it is hard work. You need to spend heaps of time analysing the market and going to open days etc.

 

[kimmeh]

u also need to pay alot of taxes and stamp duty

 

[freaking_out]

Originally posted by mellyt
my cousin was 19 when he bought a run down house... from a loan... he did it up and sold it... and bought another run down house... did that up and sold it... that continued for a few years...
At the moment he's 26 and has 900,000 in his account and 3 houses.. now thats a smart businessman

yeah, but u gotta know how to "do it up"....thats the hard bit.

 

[yenta]

Yes, I have dreams of purchasing property after property...probably mostly apartments or houses that I don't have to do up...coz can't be bothered

But I think I'll end up investing in the stock market, rather than property

 

[iambored]

it's a good way to earn money though