Building a Solid Foundation in Real Estate PART 2 by Graeme Fowler

Disclaimer: Nothing is this article is meant to constitute financial advice of any kind, and is the opinion of the author only. Seek professional advice before making any financial decision.
 
 
 
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Building a Solid Foundation in Real Estate (Part 2, 2015).
 
The first article I did on building a foundation was an outline of why it’s so important if you are serious about your investing, and want it to be one of if not your main source of wealth and income long term. If property investing is more of a hobby than a passion, then it is not so important.
 
So if you are wanting to be more actively involved and reliant on property investing for an income in the future, here are some things that will make your overall foundation stronger and also some things that will make your foundation weaker.
 
All these will make it stronger.
 
1) Buying any...
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Getting Started in Property Investment by Graeme Fowler (2015)

Disclaimer: Nothing is this article is meant to constitute financial advice of any kind, and is the opinion of the author only. Seek professional advice before making any financial decision.
 
It’s now over 25 years ago that I got started in property investing, and I knew virtually nothing about property – except that I wanted to get rich from it!
 
I ended up losing about $40,000 on my first property, but luckily I did learn a lot from it.
I made many mistakes along the way and it was really no wonder as I was pretty clueless when it came to all things regarding property investing.
 
Back then, there wasn’t a lot of information around, so it was more of a trial and error thing for me for a few years. There wasn’t anyone I knew who I could ask about property or get their opinion about something, and virtually nothing written by NZers on the subject.
 
I remember a friend of mine inviting me to go see an older guy who...
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