With the election over, interest rates remaining unchanged are there any more excuses out there for inactivity? The number of people who told me they were holding off till after the election was amazing. Does this mean that there is going to be a busy couple of months ahead for real estate agents?
Hi All,
Spot on Yorker, get over it people! I believe, if your shy you starve.
Joe
Joseph
There was a lot of talk that if the election went the way it did, it would create a little surge and confidence in the market. We’ve noticed a slight increase in enquiry since at our office (real estate agency) but not enough to put it down to the election results I think.
Hi Yorker,
Anyone thinking now is not the right time to invest in property should read the Fred Johnson story – Fred has been investing since 1954 and regularly got advised to not invest in property – needless to say he ignored their advice and kept investing for the long haul.
Note – I am not advocating reckless decision making but thorough research, careful budget analysis and prudent decision making. A long term investor will still make money in that time frame – a short term investor may need to rethink their strategies.
Derek
[email protected]Property Investment Support Available. Ongoing and never stopping. PM welcome.
I’ve read that report. I honestly think there is never a right time to buy, just a time when you can buy.
After going to Steve’s mini-seminar and book launch and reading almost half the book so far I *finally* get how cashflow properties are created not bought.
joy to the world
Originally posted by Yorker:I’ve read that report. I honestly think there is never a right time to buy, just a time when you can buy.
WTF are you talking about Yorker??? [blink] You can ALWAYS buy, any time, day, month or year, if you are prepared to pay the asking price!!! You can buy in an up market, or a down market. You can buy overseas or locally; you can buy cheap, expensive, for growth, for cashflow, for better or for worse!!! BUT YOU CAN ALWAYS BUY!!! Making the right investment choice is not just about the property you choose, it’s also about timing, and those who say otherwise, are the ones who should not buying EVER!!!
Jo
“just a time when you can buy”
yes agree with monopoly, you can buy always. It’s just that you think you can’t all the other times for ‘reasons’….but all the reasons could be solved no matter what they are. i.e. no equity but serviceability, get vendor to leave some money in the deal
no time – get a time partner and supply the moneyno money – get a money partner and supply the time
or sell a de=problemed property (high) to get another one with problems (low) and add value etc
no knowledge of market – use a bird dog
no support – join a group
too young – partner with someone older
too old – partner with someone younger
no cashflow positive properties – create them a la Steve’s latest book
etc etc etcand I should be taking my own advice, um, well spotted
joy to the world
Another example of your wonderful attitute Jo…
Once again I’ll clarify: There are certain times in your life i.e babies etc when buying property is not the best wealth building strategy for the individual. My point in a nutshell was buy when the time and circumstances are right for you.You are welcome Yorker, thanks for the acknowledgement!!!
I am an investor Yorker, and a parent, and true, buying at certain time (ie. having a baby) is more difficult and perhaps not the most financially wise of moves, however, I am also concerned with my and my children’s future, hence I would make the sacrifice for their sakes. But yes, that “warm and fuzzy” stuff holds merit, but at the end of the day, it doesn’t build financial security, it builds “loving wealth” of which I also highly recommend.[biggrin]
Originally posted by Yorker:Once again I’ll clarify: There are certain times in your life i.e babies etc when buying property is not the best wealth building strategy for the individual. My point in a nutshell was buy when the time and circumstances are right for you.
Okay, I’ll play….
Excuses for inactivity (as per the title):
When you are thinking of leaving your current job because you don’t like the brand of coffee used
When you are having marriage problems and your partner is threatening taking you to the cleaners
When you just blew all your savings at the Casino
When you have just heard that your house has buried treasure in the back yard
When you’re having a bad hair day????!!!!
and the list goes on……………….
Did I answer it right now Yorker???? [blink] You are sooooo right; the excuses are many, but the validity in most are nonsensicle!!!! Go figure……..[blush2]
My excuses are endless im afraid,
*No time
*Not enough knowledge(yet)
*No support (well maybe only a little)
In short I am thoroughly confused about investing at the moment and so am doing my homework first, getting ideas and creating a network from whom I can gather help in my journey.
Hopefully soon I will be able to get into action.
“For the getting of knowledge is the beginning of wisdom, but only fools think they are wise”
Trisha
Yorker,
I don’t mind a down time in the market. Home lending is, according to the RB, still at unsustainably high levels- with first home buyers buying up big. This still puts pressure on IR’s increasing- which I don’t want- not for me, not for anyone else. If we don’t want IR’s to rise- then we might hope that activity dampens down a bit.
Yorker, I am currently not actively buying- I’m paying off. It’s boring, but that’s the way it is.
kay henry
Originally posted by trisha007:*No time
Maybe a “buyer’s agent” can help?? Just a thought.*Not enough knowledge(yet)
Ah but you’re working on maximising this; excellent move; keep up the good work!!*No support (well maybe only a little)
From whom?? If it is from those within the industry, there are many here who will give you bucketloads, all you have to do is ask. But if you are referring to family; well that’s a different ball game.In short I am thoroughly confused about investing at the moment and so am doing my homework first, getting ideas and creating a network from whom I can gather help in my journey. BINGO….the number of seasoned investors I have met in my life who don’t have half the insight to understand the value in these two components as being an integral part of successful investing is astounding!!!!
YOU SHOULD BE EXTREMELY PROUD OF YOURSELF TRISH….recognition of this fact is a vital step toward achieving your goals!!! Bravo!!!“For the getting of knowledge is the beginning of wisdom, but only fools think they are wise”
Love the signature Trish, sooooooo true. I have been investing for 23 years and although I (at times) have a “heads up” on a few people, I am the un-wisest person you will ever meet!!! [biggrin]I’m sure you’ll do well, and long surpass my efforts with that kind of foresight Trish!!![biggrin]
Kay,
I don’t ever see the need for anyone to try and justify “paying off debt” as it is always a worthwhile exercise IMO. Sure, you may not be actively buying right now, but paying down debts you are alleviating the pressure; which will help in months to come when IRs move upwards.
People forget this, and think “I can buy cheap” and overcommitt to more debt, which can have catastrophic consequences down the track!!!
Cheers, [biggrin]
Jo
97% of people will fail to reach a stable and happy life of financial freedom because of one thing, FEAR ! however you call it.
eg; prices too high, interest rates, wars, no guts, poor little me syndrome, too hard, shares are better, youre lucky i’m not, chicken little … FEAR … FEAR … FEAR
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