Hello from Australia

[Russell Joseph]

Hi, my name is Russell from Melbourne Australia and as a builder I have been interested in Real Estate for my entire working life.

We own 10 buy and holds, with little negative cashflow and are looking to pick up another 4 positive cashflow properties. As the game goes -"4 green houses buys one red hotel!". When we have them, then we go for another negative geared property in a sought after high growth area.

Currently we are negotiating vendor (seller) finance deals where we can assist distressed sellers, of which there are heaps of (thanks to the U.S. sub prime meltdown!) and then assist unqualified buyers into their first time. This strategy gives us both positive cashflow with an up front as well as a back end profit when the deal is complete.

We believe in the Covey principle of Win/Win or no deal. Pretty simple and keeps us happy!

I am really looking forward to posting on this forum!!