Salena: Thank you very much for letting me interview you Dave, I really appreciate your time. Just wondering what was it that made you seek out property in this disaster in the first place.
Dave: Well we’ve ventured into investing on our own in the past and it didn’t go perfectly. So we made some mistakes and that really stifled us for a few years. We didn’t have a lot of money to invest. So it was tied up. And then when we eventually cut our losses and got out we were pretty stunned. So having decided to do a development on our property which would get rid of our personal debt we wanted to start investing and yeah we knew we shouldn’t do that on our own without good advice. We were looking for someone like yourself. And we came across you via empower your program that our son went to say through Brent event. Yeah that’s how we got started.
Salena: You obviously you mentioned you have experience in investing in the past but it has to change you for money to invest in property. Why property. What you do see is the main benefits in investing in property?
Dave: Oh well property I mean there’s no better way to live. You know you can gain a lot more because you can leverage so much money you have and with the equity that you have in your house so. You know I will have a property that will have pretty much 100 percent equity and we’ll have a line of credit there that we’re allowed to use. You know we’re borrowing the banks money with very little of our own money in it and we’re converting that into a good profit. You know as long as we can find properties that will grow in value. And you know we get good we’re actual return on. We can be pretty short of good growth a good profit and some of than we can get in any other investment vehicle.
Salena: And obviously you’ve been through the process with me now. How has this advice really helped you in terms of moving forward?
Dave: I look primarily confidence. I mean with where you’ve built some trust here with by basically capturing all our numbers and giving us these spreadsheets we can see you know what the starting points and what we need to do to ensure success. And you are bringing us opportunities that are that look good and you’ve done that research that we haven’t got time to do, we don’t have the skills for. So yeah but that’s pretty much it.
Salena: Well thank you so much for the feedback.
Dave: Did I answer the question.
Salena: Great. I think you’re certainly creating great wealth in a gradual part of that journey.
Salena: Thank you.
(+61) 2 6100 3688
7 MacPherson St O'Connor ACT 2602 Australia
PO Box 6049 O'Connor ACT 2602
Monday - Friday 9:00 AM - 5:00 PM
GET IN TOUCH