Great blog! If you had your trackback and ping available I could have sent you some traffic from my site http://www.themoneygym.com but I couldn’t find the trackback URL.

I have some friends that are really big property investors (bought 250 in the last five years) and they always work by the numbers. If your condo wouldn’t stack up to buy now, while using a management company, they would either not buy it or they would seek a way to make it work. There are only a few ways to do that; buy cheaper, get a better interest rate, or get more rent.

But they would always pay a management company to manage it. The money saved on fees could more than be made back in the time saved and used to find another deal.

Having said that, if it was a choice between cashflowing it for around $50-$100 a month (something Robert Kiyosaki is never keen on) but it being forecast to appreciate faster than a cheaper property – due to the area or redevelopment or a new mall going in for example – or another one where the rent, proportionally speaking, was higher, then they would simply do the sums.

If you would make more in say five years, by financing the first property for a nominal sum for a while, than you would for the second that you don’t have to finance, then it becomes a “no brainer” if, and ONLY IF, you can easily afford to subsidise it.

That’s why one investment strategy works for one person in property investment, but wouldn’t work for another. You have to work out a strategy that suits your circumstances and stick to it.

Keep at it, you are on the right tracks. In my Feedreader now but have a look for your “trackback” option and turn it on, eh?

Cheers
Nicola