Originally posted by speights boy
View Post
Assuming 30% of income used to service the mortgage, an income of $18646 per month, or $223,760 per year - quite a lot for a traditional family with mum at home looking after the kids, but quite acheivable for a professional, double income, family.
Originally posted by RHF
Back when he appeared in 2004, Ron's mantra was 'buy well, renovate, rent, repeat' supported by the cash flow from the Tofu shops. Now, in 2012, the mantra seems to be 'buy well, renovate, rent, repeat' supported by the cash flow from mentoring - keeping to the same basic formula and not branching out in to jungle juice, sections in fiji, developments or any other number of distracations (Distraction Lane, anyone!) is, I think, the secret of his longevity in the property world.
Comment