Dark Knight, i found the post here. Since reading that i’m fairly concerned, my parents are actually doing a MAP session next week.
Thanks so much for your advice Daniel, I really appreciate being able to hear from a variety of different people that are involved in investing/development.
No worries mate
Thanks Crest, I am trying to make the most of the enormous amount of spare time I have learning about investment and…[Read more]
As others have said, University is a personal choice, definitely not essential. I know in my university degree (civil engineering) I did not learn too much about how to be a good engineer, I learnt everything as soon as I stepped into the workforce, in the end I feel like the only reason I did the course to…[Read more]
I really love hearing stories like this about kids motivated to invest so early and don't follow the normal route to the rat race. I've just completed my hsc and will be completing a bachelor of commerce/law but my main focus is to get into property ASAP just like you.
Seeing as i'm in a similar position to you, i'd recommend you read as many…[Read more]
Daniel_95 replied to the topic The best way to create a passive income from my situation. in the forum Help Needed! 6 years, 7 months ago
sell the family home
buy another house for 500k
go buy a commercial property for 1.5 mil yielding at least 10 percent
ensure you get insurance
I'm not exactly a genus but wouldn't it be highly risky to put all your cash into one asset? Especially it being a commercial property?
I would have thought it would be better to…[Read more]
I am 17 myself so i certainly know how you feel.
My advice would be to try and learn as much as possible in the next few years whilst we can do little else, make use of all this spare time you have now as when you get older it will be limited. Try to start networking people who invest, this forum is great to learn about new strategies and ask…[Read more]
Just my opinion but the key is to learn and grow – it is great to follow as long as you don't find yourself becoming a disciple of any particular person. Personally, I have paid for and read many books and attended many courses and no one idea is any better than the other.
This is my mentality. I am young and in no way ready to…[Read more]
I'm an accountant, one of my favourite stories is from a colleague.
back in the early part of last decade when everyone was buying, and property was going to double every 7 years, one of his clients, bit the bullet and bought up big. (never asked the accountant first, but that is pretty usual).
At the end of the…[Read more]
I am not lying about the price! I registered interest on the website, they emailed me back with the cost outlining everything that is on offer. I called them and spoke to someone at the office who verified it whilst discussing some of the finer details.
If you don't believe me, register yourselves and you will get the same…[Read more]
Just a small introduction i am 17 and have been reading about property and very interested.
I wanted a bit of knowledge on the topic of loans and borrowing for the buy and sell strategy.
I understand there is some kind of insurance if your loan is under a certain percentage but how do you go with a buy, renovate…[Read more]
Yeah, distressed developers with high discount, anyone can do this mate. Be aware that not all properties are the same, if the project that the guy named Nathan Birch bought is really a good investment then he is bloody lucky. You don't get that good luck so often, mate. What I am talking about is an every day business, when normal…[Read more]
I have to say studying Finance at Uni will do you absolutely no good if you think that is the answer to deciding on which lender suits your needs.
Criteria changes by the day and unless you are working in the field have a Uni degree is just another piece of paper.
I did Economics at Uni in the UK many years ago and have never…[Read more]
At the moment i am thinking of doing B Commerce – Property. I actual just started reading it like first few pages, i just finished my exams so i will finish reading it soon and will get back to you!
They have a property major for Commerce? The only property related uni courses I have seen is B property Economics…[Read more]
I'm 17 as well completing my last year at school, its good to see someone with similar interests. I was planning to do a B Commerce majoring in Accounting/Finance as I'm work in one of these fields, good pay and should give me a good knowledge of my own finances which is a bonus to my investing interests.
I think doing a course even if you didn't…[Read more]
I've had an email come through after registering interest in the property apprenticeship and the price is now $7995. The link mentioned above has not been updated. I have to admit I registered interest off of the price I saw in the link. The new price is now double that. Ouch!!
I'm more than positive the content is…[Read more]
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