I urge you to pay attention and notice.
Critical events that are happening right now and will be common-place in 2009.
Here's what I'm talking about…
Paul Leroy (no mate of mine), a barrister/trustee from Hall & Chadwick just released some shocking news that is a clear indication of what's about to unfold.
Australians are going broke at a record rate… 3,000 people are being swamped by debt and hitting the skids fast.
9,000 Aussies went broke in September's quarter – that's an increase of 12.5% on the same quarter last year.
And all states across the country are seeing double-digit increases in bankruptcies and insolvencies.
The pressure is on, that's for sure.
Why am I telling you this?
I don't want you to be one of those statistics. I want you to prepare and insulate yourself from the income crisis that has already started and will take this country by storm next year.
There's going to be a new phenomenon, it's going to be called…
…This is where more people than ever before will become critically dependent upon next week's pay than in any time in the last 20 years.
Don't allow yourself to be in this position.
You need to take steps right now and put things in place that will make you money rather than take it away from you.
You have to be on the front foot and not have your back to the wall.
That's what I'm doing… I don't just talk about it, I do it.
Recently I bought 4 units in an up-market suburb of Melbourne. I bought them off-market from a vendor who was under pressure to sell because he had purchased elsewhere.
Because of his pressure, I was able to save $240,000 off the purchase price. That's a HUGE head-start, don't you think?
OK, this transaction was a million-dollar deal, but you don't have to start there – that's just where I'm at.
However, you can do this with a $300,000 – $400,000 property and get a head start of maybe $50,000 of instant equity.
It's actually easier at this price point of the market.
The deals are out there and there's more and more coming on the market every day. You just have to know where to look and how to uncover them.
…But I know what you're thinking… That's an equity play, not a cash-flow strategy.
What I mean by that is that I bought property at a discount, but that's only good if I can put it back on the market and sell it at the true-valuation price.
Here's what I learnt the hard way… Never sell property.
…But here's how I'm going to be able to return a crazy 74% on my money…
I'm renovating the properties at the moment, and I'll be spending $4,200 on each. I'm doing two things… Polishing the floor-boards and a paint-job.
The current rent is at $230 per week. After I've cleaned them up, the agent tells me I can get $320.
Let's just say the agents are lying and I end up with $290… I'm conservative by nature.
That gives me an extra $60 per week x 52 weeks = $3,120.
OK, so let's look at the sums…
$4,200 reno x 4 units = $16,800 invested.
$3,120 rental increase x 4 units = $12,480 income.
So… I've spent $16,800 and my ROI in the next 12 months is going to be $12,480.
That's a 74% return on my money… No bank, no stock broker, no financial planner will ever give you those sorts of returns, period.
Don't forget I'm also ahead of the curve because I bought well and have insulated myself from any down-turn in price.
I'm telling you all of this because now is not the time to put your head in the sand. Now is the time to start building your knowledge and education, and taking advantage of opportunities out there.
I'm willing to do what others aren't and have what others will never have… Wealth and cash flow.
I'd like you to join me.
Signed with Success,
P.S. The greatest leverage you'll get is education. You have an opportunity now to get valuable information for free.