Stephen Caltabiano, February 2016

Stephen Caltabiano

I started the real wealth education program a little over 12 Stephen Caltabianomonths ago. At the time we had one investment property and were looking to purchase further properties, with a view to establishing a passive income base eventually.

However we lacked direction in many areas of property investment. We found it difficult to decide which properties were right for us to buy. What type of properties (houses or units), what areas would be liable to bring better returns, whether to buy newer or older properties and the resulting tax implications. We also found it very difficult to understand the importance of different buying entities and their long term implications. Consequently, we found ourselves wasting a lot of time and not really getting to the stage of really making any decisions.

Involvement in the real wealth program has allowed us to move forward with a greater level of confidence. We have now purchased a set of 3 units on one title in a trust, which has been set up for the purpose. This property is a positive cash flow arrangement, and has allowed us to move forward to purchase a second set of 4 units on separate titles, which are also cash flow positive, and with some work could actually generate a reasonable capital return also.

The plan is to now look to areas to purchase one or two new or very new houses this year with good capital growth potential, although with negative cash flow. (with tax benefits these should still be close to positively geared) This will be possible because of the cash flow generated by the other properties.

Although we have been involved in property for a long time, many of the concepts we have come to understand through our involvement with Real Wealth are still relatively new to us. However, the access to information which allows us to make intelligent decisions on property purchases, rather than just what we think might be a good idea, and the help of Real Wealth mentors along the way has given us the confidence to actually move forward. Thanks for your help!

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