This was my first property deal and it wasn’t done within a limited company as the others were. There is many a tale to tell about this property, but here are the financial details.
Property Deal Breakdown #2
Property Deal Breakdown #1
Here is the deal breakdown on the financials of a property I’ve just completed on. I will do this with all the properties I purchase.
Don’t let fear stop you investing in property
If you spend any time online reading blogs and forums on investing, you will no doubt read about why investing in property is a bad idea. However, there are many benefits and we should take the emotion out of the decision. If you have concluded that property investing is a good idea but you are still not taking the plunge, it maybe that fear is stopping you from investing in property.
Continue reading “Don’t let fear stop you investing in property”
Record your dreams
“The person with dreams is more powerful than the one with all the facts” – Albert Einstein.
I’m sure Einstein was talking about those dreams which are our hopes and aspirations, rather than what goes on when we are asleep. I would like to posit that those movies we play when we are unconscious are important. Therefore, you should record your dreams so that you may benefit from them.
The Importance of Sleep
The older I get the more I realise the importance of sleep. When you are younger you can afford to burn the candle at both ends, but eventually there comes a point where you must take sleep seriously.
What I learned from reading Churchill’s Books
As with all history, we are not just reading about dates and events, but we can also learn from the characters. We can take their virtues and avoid their vices. Here are some of the things I learned whilst reading Churchill’s books.
Continue reading “What I learned from reading Churchill’s Books”
Don’t stop working
In my Financial Independence journey, I started by wanting to get to a position, so that I didn’t have to work again. As time went on this changed so that Financial Independence, to me is the state where I only work on the things I want to. A subtle difference but the distinction is that now I say don’t stop working.
What to do with windfall money
Have you or are you about to come into some windfall money? Do you know what you are going to do with it? Here is a guide of what to do with windfall money.
The 10 best personal finance books
Out of all the personal finance books I’ve read, here the ten which I believe are the best to start you on your quest to financial independence. If you are like me, you didn’t learn about personal finance at school. Your parents hopefully gave you a few nuggets of good advice around living below your means and saving for a rainy day. Everything else you, may have learned about money will have been picked up from society and the media.
As you are reading this blog, you are obviously searching for answers to life’s questions as I was – and still am. Books remain the best source of advice along with trusted mentors. Over the years I’ve read thousands of books on personal development, finance, sales and business.
How to get a tenant to rent your property
Investing in property is a fantastic way of building your wealth and providing a sound base for financial independence. Unless you are planning to flip the property, that is buying and reselling for immediate profits, you will need to find a tenant to rent your property for regular rental income.
In this post I describe the steps to successfully get a tenant in your rental property. All this assumes that you have completed the purchase and you own the property legally.
Continue reading “How to get a tenant to rent your property”