What’s The Best Strategy?

No matter what “strategy” people recommend, or how much money/time you have to invest/risk, in order to become successful you have to be passionate about real estate and have a desire to acquire knowledge – whether through books, school, or a mentor. I personally do not recommend seminars.

Once you have gained an understanding of this profession, and the diverse investment strategies it offers, then you must decide which is the most profitable and risk adverse strategy to implement.

“what is the best strategy that will make the most money and how!”

If your focus from day one is making the “most money”, you’re setting yourself up for failure.

— Michael

>>”what is the best strategy that will make the most money and how!”<<

I would like to add to the above the words ‘and which strategy would suit your particular circumstances’

Diverging ever so slightly, many people have bought the book titled ‘The One Minute Millionaire’, written jointly (?) by Mark Victor Hansen & Robert G. Allen.

I am just wondering how everyone does think about what is being said in the part that deals with the fifth AHA : ‘Givers get’. ?

That book by the way is in my opinion an excellent book to direct one and well worth buying.
It is cheap, as well.

BTW MIchael, ( I personally do not recommend seminars)
I am inclined to agree with you on that if it wasn’t for the fact that some (many ?) people can get a benefit out of a seminar because it may enthuse them to get started.

On another site I got a reprimand email from a zealous subscriber suggesting that I should attend a seminar.

I think they are between $ 10 K and $ 25 K or so + plus airtravel to the US. The amazing thing (to me) is the fact that people who are well on their way (having accumulated many properties already) ARE spending their money on these expensive seminars.

So it looks as if they are getting some stimulating hype out of the seminars for them too to spend that kind of money. (Though some admittedly get in free).

The people in charge of that website are so anxious to protect their bosses territory that they blank out any reference made in posts mentioning the competition.

BTW I think Rick Otten’s seminars also appear way overpriced.

Pisces

I think your best strategy is to firstly work out what you want. Get some financial and lifestyle goals. Work out what’s important.

Once you have that in place then you have something to aim for. What happens then is you begin a search of what strategies will enable you to achieve what it is you want. You might be thinking, “just give me the strategies”.
But seriously if you get clear on what you want you will begin to know what strategy is suitable when you see it as you continue your education. The reason people can’t give you them is because they are not you and they don’t know what you want.

I think if you asked, what’s a good strategy for capital gain, or to increase cash flow. You would probably get a good response.

Maybe not what you wanted to hear but I hope that helps,

Cheers

I agree with Chan …….NIKE

Regards Bear

Chan$,

There are a couple of reasons I do not attend seminars, primarily the fact that I do not deal in SFH’s.

I specialize in international equity-based investment funds and multi-use development – which has transpired over a number of years.

As noted, I do not disagree with seminars in their entirety, but I do stand by my belief that a profession in real estate [for someone starting out] requires a more structured and less “hyped” educational format.

— Michael

Wow, no-one has yet commented on Karan’s age.

It is good to see you taking such an interest in real estate Karan.

I would think that your best shot is to approach the manager of a nearby real estate and tell him that you are passionately interested in real estate and ask him whether he would mind for you to get some work experience for a few days. (during your school holidays ?).

Make sure you dress up and wear a nice shirt and tie and a coat.

Often schools organise this kind of thing as well. Ask your teacher or school principal whether they do and, if so, ask specifically whether they can place you in a real estate office.

Getting an after hours job to earn some money that you can save is a good idea as well. Provided of course that it doesn’t interfere too much with your school studies.

Have a nice day.

Pisces

Hi Karan

Do you want to retire by the age 25 on the income generated by the properties you are going to purchase between now and then?

If so that is your major goal. Have it in writing in large letters pinned to your wall.

Now how to do it?

Read and read and ask questions. There are a large number of books on property investing. Beg, buy, borrow and read.

These books and the ideas generated in them should help you develop the strategy or strategies that will help you in your major goal.

A new book very recently published in NZ can be accessed from this site.
http://www.goodreturns.co.nz/books/product_info.php?products_id=187&PHPSESSID=bfcab3314653ba4d9b4a341df4b5971b
This book is about how 10 NZers became millionaires investing in property.
They were all asked the same questions but they had different startegies getting to the same goal.

The author of this book also takes an active part on this forum. http://www.propertytalk.co.nz

He does own and run 58 rental properties in the Hawkes Bay area of NZ.

Hope this helps you

Regards