I had the pleasure of meeting with Gary from Custodian last year, and he gave me a copy of John L. Fitzgerald’s book “7 Steps to wealth”
In all honestly, I had promised to read it on my flight to the national broker conference in Western Australia, but I knew deep down, I would read the first three pages and then settle in to an in flight movie with a glass of Qantas ‘house red’. After all, it’s not often I get an uninterrupted 5 hours!
Surprisingly, I did start the book, and I kept reading until I had finished the book (with just enough time to catch an episode of “How I meet your mother”) I couldn’t believe, not only had I read the book, but I had enjoyed every page and it really got me thinking…
I meet with Gary again after reading the book and I had one burning question. The book talks about investing and building your wealth in residential property, but I wanted to know specifically why did they recommend brand new properties and not existing properties. I knew brand new properties had the advantage of additional Tax benefits (such as depreciation) but other than that, what was the benefit?
The next hour was a massive learning curve, where Gary took me through the numbers, (the exact numbers) to show me a typical scenario for a Brand new property and the exact same scenario except for an existing property and it’s safe to say by the end of our chat I had no doubt.
If you are interested in chatting to Gary or you would like a FREE copy of the book to read for yourself, just contact me and I can help you out.
If you want a FREE property report to see what your home is worth then click here.