Im young and wanna make some money

Hi Reg

First tip, do some research, you can’t expect to come here and find easy answers. We all want to make money on properties, and there is no easy way, if there was, everyone would do it.

Go and read some books… spend some time reading back through the threads… I’m sorry, but it’s not going to be handed to you on a platter.

Good luck
r

I’d have to disagree with RICHMOND. The role of this forum should be to share ideas, not to give p/maternalistic advice. there a lot of ways to learn about property. If your finances are low, then look at your library network. If your finances are moderate, then visit your bookshop, and buy up! And if your finances are really good, then visit seminars. And you may well ask if the info quality is different at the 3 levels – you may find what youre looking for at the library!!!!!!

Yes, Richmonk, you are right!!

I agree with Richo. The purpose of the forum is to share ideas, but you can’t simply log on and expect to find a step-by-step how to guide on investing in properties. Books several hundred pages long are written about that topic. It’s a bit simplistic to think that you could meaningfully condense all that into a handful of postings.

Regi – read up on some good property investment books. Some of my recommendations are: Rich Dad’s Guide to Property Investing (Dolf De Roos), 0-130 Properties in 3.5 years (Steve McKnight) and that Neil Jenman book (I think it’s called Don’t Sign Anything). They all give you different perspectives on property investment, from people who seem to be very successful property investors. I think the one key thing to remember is that there are many different ways to do well in property. It really depends on what you want – quick capital gain, gradual capital gain, positive cashflow, negative gearing (yes I know many people say this is bad), etc. And it also depends on your temperament and personality.

You need to go out there and do the research yourself, then work out which method is the “best and easiest way” for you. Spend a few hundred bucks of that $25,000 working out how to do it properly, rather than just relying on what someone tells you, and risking blowing the entire lot on the basis of bad or inadequate advice.

Cheers
M

P.S. Hey Richo – congratulations on becoming a moderator! Does that mean you have to do shifts with Sooshie and AD?

Please refer to my reply to JasonA re “A Newbie Question...”

Regards – Johnny [] [] [] []