Comments on: What Tom Hanks & The Terminator Can Teach Us About Property Investing

By: Brett

Brett — Thu, 06 Jul 2017 02:36:32 +0000

Arnold also had a brick laying business on the side, as bodybuilding payed very poorly in the 70s. He did this to accelerate his income to purchase real estate which I find fascinating.

By: Pat & Jen. Southern Battlers.

Pat & Jen. Southern Battlers. — Wed, 05 Jul 2017 11:49:49 +0000

Hi Martin,
I also did a similar thing when I was young (20yo & just out of my apprenticeship), bought a cheap house in a southern district of Adelaide during a recession. Had saved about $3000 up while working in the mid North of SA, this with another $2000 borrowed from my parents made my deposit. I had moved out of home about 18months before to complete my trade as a Diesel Mechanic, so had the skills to run a home & fend for myself. I took on a job at the local bus depot as shift mechanic & took borders on in the 2 spare rooms. During the next 4 years I had 12 different borders, became a Christian, met my wife & married her. We paid the house off in 3.5yrs & then sold it 2yrs later when there was a boom in real-estate for 2 & a half times what I paid for it. Ah the 80s, in Adelaide, you had to be there to appreciate it. Yes it can be done, just be realistic.

By: Martin

Martin — Wed, 05 Jul 2017 09:08:54 +0000

I use the own home ( no capital gain when selling ) model i.e. buy a big house in a posh suburb – live in it and rent 4 rooms out and use the income to pay extra for the repayment of the mortgage. Sure you pay taxes on the extra income but ‘hey’. After 12 years the house is mortgage free ( 1.5 Mio ).
Anyone can do this.

By: Steve McKnight

Steve McKnight — Wed, 05 Jul 2017 08:01:11 +0000

I’m not sure either. What I have learned though is that astute investors change with the market.

– Steve

By: Steve McKnight

Steve McKnight — Wed, 05 Jul 2017 07:59:49 +0000

Not specifically Peter. I am working on a due diligence product (final stages) that applies to residential and commercial property though.

– Steve

By: Peter Murray

Peter Murray — Wed, 05 Jul 2017 05:59:31 +0000

Hi Steve do you have a course around commercial property investment.
Thanks Peter

By: Khytheria24

Khytheria24 — Wed, 05 Jul 2017 05:58:34 +0000

Hi Steve,

Yes I agree with your thoughts. Arnie is an astute business man – he bought a lot of run down properties in Santa Monica which he bought in blocks of 6 to start then used the rental from 5 apartments to fund the 6th apartment. Interesting strategy but not sure if you can use it in this day and age?