All Topics / Help Needed! / Where to become educated?

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  • Profile photo of dragundragun
    Participant
    @dragun
    Join Date: 2008
    Post Count: 14

    Hi all

    First time poster, only signed up a few days ago!

    I have a general question regarding the best place to sign up for a course in property investing or a course that will provide a good foundation on which to build property investing knowledge. I've been browsing the TAFE website and general night school institutions and there seems to be quite a lot on offer however, much of it relates to a career in property development/management/real estate etc.

    As I'm already working full time in another professional field I'm not looking for a career, just the best place to become more educated before I start. I've already read quite a few books but feel I would benefit from some sort of course also. Currently living in Sydney.

    Thanks for any replies!

    Dragun

    Profile photo of ducksterduckster
    Participant
    @duckster
    Join Date: 2004
    Post Count: 1,674

    http://www.jornada.com.au/ – join up for newsletter – Seminars come up from time to time
    (at the moment their focus is on share investment but property investment is also done when the market is right for it)

    attend
    https://www.propertyinvesting.com/forums/property-investing/general-property/4325318

    http://renos.com.au/news/88/
    Queensland based but I think I will eventually go and do one of there workshops when I can afford to in cost and time.

    What you need to do is work out what strategy you want to do.
    Positively geared property or Negatively geared property or a mix of both
    If you do not understand the difference you may need to read some more books.

    As you have a career you would probably go for a buy and hold Strategy with minimum hands on via a property manager.
    Probably a place that doesn't need to much work done on it to rent it out.
    It is hard to find positive geared properties in the current market.

    This is more suited to your situation – the Tafe course in Queensland (have not seen a similar course in NSW)
    http://www.goldcoast.tafe.qld.gov.au/search/course_finder/coursedetails.php?courseid=2951

    Featured on Today tonight (Do not know how good the course is)
    http://www.thepropertyschool.com.au/
    http://au.todaytonight.yahoo.com/article/40585/money/tafe-millionaire-factory

    Similar question from the past
    https://www.propertyinvesting.com/forums/property-investing/help-needed/4323929

    http://www.apimagazine.com.au/index.php?id=27

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    I wouldn't bother doing any course at all. Everything you need to know is out there in this forum and on the internet. Save your money for investing.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://structuring.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of ducksterduckster
    Participant
    @duckster
    Join Date: 2004
    Post Count: 1,674

    for $20 bucks a month you could attend the property investor meetings in Sydney
    see
    https://www.propertyinvesting.com/forums/property-investing/general-property/4325318

    I attend from time to time a similar meeting in Melbourne.

    You will meet people who are investors and see and hear from guest speakers.

    Profile photo of options_mentoroptions_mentor
    Member
    @options_mentor
    Join Date: 2008
    Post Count: 6

    Knowledge is essential, but it means nothing without getting out and doing it. what often happens is people do courses go to seminars and then when we leave those seminars we fall back into our 9 to 5 routine. TAFE courses and seminars don't give you any structure for you once you finish.

    A structured program of support and mentoring is essential and thats what we have been doing with people who want to invest in property. It's especially good if the mentoring structure allows you to do it at the same time as your full time job.
    We also use options to buy and sell investment property and the good thing about that is that you don't need finance.

    Craig – Options Mentor
    http://propertyoptionsmentor.blogspot.com/

    Profile photo of InvestorMickInvestorMick
    Participant
    @investormick
    Join Date: 2008
    Post Count: 55

    I would strongly suggest you commence by buying Steve McKnight's book, From 0-260 Properties in 7 Years. You'll learn stack from it and I'm sure get some good direction for around $30-40. As others have said, you do need to get out there and start buying but beware, lots of people have bought dud deals so education is important. Not everyone is gifted with great wisdom in the area of property investing.

    Profile photo of dragundragun
    Participant
    @dragun
    Join Date: 2008
    Post Count: 14

    Thanks for all that info.

    Mick – Almost finished that book now. Great read! Went to a free seminar last night just to get a heads up on the other side of the coin (negative gearing). Their premise was basically that positively geared properties are great, but hard to find and generally only in regional areas where growth isn't as good.

    Trying to take it all in…seems the best way is just to pick a strategy and go for it. That's the problem though, picking the strategy.

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