Featured: Natalie Pilkinton

• Long-term wealth building is done through buy and holding. Add up a lot of +$200 passive income streams.

• As Kiyosaki says, have to leverage off other people's time, money and knowledge (in any work).

• When house standing and need to rent it out, first make sure that you know right price to rent it out at. Do comparables. Don't only rely on agent's comps, but do your own. Speak to neighbours and look at other lists that you can get hold of. Find out stuff on similar properties (e.g. pets allowed). 

• You're trying to achieve best product at best price. Price aggresively and make sure it's in tip-top shape (clean and functional). Make sure there are no safety issues for parents. Don't have to have everything new, but have to have it as a clean home.

• When setting price don't put it higher than others hoping somebody will negotiate you down. The good tenants won't pay more. Actually put it slightly less to be competitive. Get the positive cash flow and attract good tenants at the same time.

• You want to pick the tenant, you don't want the tenant to pick you.

• Natalie explains how to market and meetings with buyers yourself. I will be following another piece of advice that says use agents to find property and agents to sell property.

• Drop insurance to tenant insurance after tenant is in to cover structure and not contents.

• When seeking out a partner, must have a plan of what you're going to do. Must know what type of deals, what split with the partner, what role you need from the partner, your resume, etc. After the game plan is down (like when starting a business), then seek out a partner (can do this in secular work as well).

• Natalie says she will send the vendor list if we email her.

• Another reason to take about 70% equity out of house, besides making it work in other investments, is that if somebody is suing you, or wants to cease assets, that less equity is all they have access to.