Hi all,
I’m new to the scene and would like to give pi a go. Can anyone recomment any beginner seminar/course in Sydney area? I’m keen to attend one. Not the NI one however – way too expensive for me.
Many thanks.
JWalker
hey mate, smart choice
start with some gear of this site and borrow a few books from the libary or something
Have a flip through ‘property investor’ magazine, it often has adverts for various seminars and ‘free’ info nights…
…Beware of the dreamtakers…
Hi JWalker,
Peter Spann is about to run another day course – captal growth/-ve gearing and shares, he is pretty good; and keep reading this forum it’s great!
CheersLet me tell you what I did. I found the LaTrobe Property Research CD and looked at the demo and it all made good sense. I then went to the Property Exhibition and got heaps of information, flyers etc.. on all offerings and spoke to the sale people on the booths. I attended the free seminars there. I then went to a few property meeting groups such as National Property Investors who gave a free seminar on how it can work. Oh I also walked out of one seminar could I refused to sign their non disclosure agreement. I think it was the Property Marketing Group in Melbourne. We had like 2 minutes to read this legal agreement and make some sense of the legal lingo. I bet most of those people had know idea what they were signing. Anyway as I was leaving the presenter said there’s one person who wont be a property investor. ( rude of him I thought )
Anyway I kept up my interest and started looking on the net. I did web searches on all things “property investment” and “Australia” I have found many web sites with heaps of free information and of course this forum. All sorts of sites like bank sites and other finance sites that give you property investment gearing calculators. Sites like Master Builders association, government bodies, quantity surveyors institute, property valuers sites, conveyancing web sites, property article sites, the tax office site, Bureau of Stats sites, landlords insurance sites, real-estate sites, the list goes on and on. There is just so much free information out there. It took me about 3 months of research ( about 5 hours per week ) to get a handle on things work and now I feel comfortable and confident enough to make it happen.
In fact I just bought my first investment property a few months ago $244K rented at $280 / week. I’m just about to purchase another. All this in the space of 6 months. I am gunning for two per year and possibly 3 depending on my capital growth.
Perhaps buy a book or two if you like reading books, but I simply scoured the net for information.
I do all my tax calculations manually and compare that with the gearing calculators as a cross reference. You need to get the income tax rates formulas. I find the key thing is to get independent professionals that you can trust, to help you make it happen. ( easy said, harder done ) Stay away from high rise and big property complexes. Go for typical mainstream type investments, brand new flats, town houses, units etc. Get your first property valued by an independant valuer. They give you a full report on the property and rent expectations, risk analysis etc… I’m starting with flats and units until I can build up enough equity to spend a bit more on a townhouse, and then move up to full house.
Dear All,
I like 007 What you said, But i like buy the books from store.I think there are no a college teaching you success.Cheers
Julian
Dear All,
I like 007 What you said, But i like buy the books from store.I think there are no a college teaching you success.Cheers
Julian
Dear All,
I like 007 What you said, But i like buy the books from store.I think there are no a college teaching you success.Cheers
Julian
Read the bible:
“More Wealth from Residential Property” by Jan Somers.
This is the book that started it all and has the best info around. Written by a Queenslander for Australian conditions, Jan tells you how to invest in property and retire from it.
It is particularly good for the newbie investor.
Also have a look at:
http://www.somersoft.com/forums/
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