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A mate of mine who has done reno’s and the like is now out on his own looking for some work. His name is James 0412936606. Lives in Ringwood.
Cheers,
Ben.Hi Daniel,
I too am just starting out in the journey of investing.
I bought a block on land in a new estate towards the end of the boom period. Since then I have seen a number of other new estates go up around the area and realise that the value of the land will not increase anymore. I am now stuck with the land and repayments, so have made the decision to put it on the market. Hopefully I won’t make too much of a loss after costs and I can continue to deals after the block is sold.
So lessons learnt:
Don’t jump into a deal too fast, at least not until more research is done.
Have a back up plan if things don’t go the way you expect them to.Since starting the mentoring program, I am starting to realise some of the areas of investing I can improve on and taking action.
I see mistakes like the block and some of my other investments as learning experiences to help you become a better investor.
