Ep23: BUDGETING & CASH-FLOW MANAGEMENT

This week in Australian Real Estate for Thursday the 23rd of November 2023. BUDGETING & CASH-FLOW: The first part of any successful investment plan starts with how you handle your money. By understanding your income/expenses, putting your money to work, then automating the process, you're setting yourself for success. (INCOME - EXPENSES = INVESTMENT + FUN) Q&A: 1. How will I know when I can use the compound interest to buy my next property? (VALUE x80% - DEBT = USEABLE EQUITY) - No LMI (VALUE x88% - DEBT = USEABLE EQUITY) - LMI 2. You know how the new Submarine project is happening in Rockingham, WA - Surely prices are going to go up? 3. What area & price should I be looking at for my first home?