Hi Daniel,
I too am just starting out in the journey of investing.
I bought a block on land in a new estate towards the end of the boom period. Since then I have seen a number of other new estates go up around the area and realise that the value of the land will not increase anymore. I am now stuck with the land and repayments, so have made the decision to put it on the market. Hopefully I won’t make too much of a loss after costs and I can continue to deals after the block is sold.
So lessons learnt:
Don’t jump into a deal too fast, at least not until more research is done.
Have a back up plan if things don’t go the way you expect them to.

Since starting the mentoring program, I am starting to realise some of the areas of investing I can improve on and taking action.
I see mistakes like the block and some of my other investments as learning experiences to help you become a better investor.