… property investment.
Hi, my name is Sapna. My friend and I have decided to take up on this challenging field of property investment.
I’m an amateur as is He. This site seems like it could be of great help to us, so we hope.
We wanted to record our experience as amateurs so it could benefit others who might want to start out as well. We’ve written in detail, some of our experiences and it would be greatly appreciated, if y’all could maybe take a look and tell us if we’re on the right track?
http://www.propertyinvestmentproject.co.uk/
Please offer your honest opinions as we want to do this the right way and excell in our skills.
Why have the rest of you chosen to take up on property investment/?? and did you guys initially have a hard time?
this site is great, thanks so much for all assistance.[thumbsupanim]
I saw the website; quite good info.From what I’ve read you guys have learned quite a bit through some ‘tough experience’ already. I am interested to know how do you guys make money from your website?
I have a book soon to be published here in the U.S (not property related – it’s from my ‘real’ profession) and a guy I met suggested maybe a web-book to add extra income. I would love to swap a few ideas with you if you are interested.
As for me, I got started in property when I reached 40 and started to realise my mortality and all that.
I chose property as my main vehicle for investment as I like the relative safety of it compared to other investments like shares and super, which is linked closely to shares anyway. There are others on this forum who will disagree with me about that, but historically, a well selected property is the safest investment that offers good returns that you can have.
Having said that; I have shares, but this is my ‘play money’ at work, and I can afford to lose the money I have invested in shares.
I also have a superannuation policy, but to me this is really a forced saving and a bonus at the end when I retire. I also don’t like the apparent ease that the govt has in ‘tampering’ with it.
Mind you, the return for this year on my super fund was 17% which is great, but it is ‘unattainable’ money to a large degree until retirement.
Lastly, I have my own business, so all up I have 4 investment vehicles in action, but my main vehicle is property and it is where the bulk of my money goes.
I didn’t have a hard time at first investing in property as I had already bought and sold a few PPoR’s before I began. The hardest part was waiting until I had enough education to satisfy myself that I could start. I read and studied for about 18 months before looking for my first property.
I also obtained a Real Estate Representative’s Licence and worked in real estate sales for a time to get some insider knowledge on the agents and their games to help my negotiating skills.
That’s my ramble; somebody else’s turn now. Good luck boys!Cheers,
Marc.
[email protected]
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