I heartily agree that comfort zones are bad, if not
dangerous. The longer you spend in a comfort zone,
the harder it is to leave. It is easier to stay
in a rut then it is to climb out .
I think you might need to swap plan and purpose around
in the order of the three P’s … If you don’t first
have a goal/purpose .. how can you create a plan to
achieve that purpose ?
Either way, thankyou for writing the first book, it helped
kick me out of a comfort zone and I can’t wait to see
what the second book is like.
plastering plastering plastering …
am in the final stages of rennovating a unit ..
realestate websites looking for next purchase …
and the realestate section of sats and sundays
papers … all in all a typical weekend
I heartily agree with you on that one. Only a small
number of the available properties are actually on line.
you really have to be prepared to put in the legwork
once you’ve identified an area to locate properties through
directly contacting agents in the area.
Also I’ve noticed some rural areas you can’t find anywhere
on line, but they do actually have properties for sale. So
I guess if I relied only on online searching to find
properties it would be a really hit and miss affair.
heh … I’m happy I got two responses to my question,
thankyou for your feedback guys
Originally posted by Chan$:
So what happen if you don’t want to do anything, you just want to travel from one country to the other to see the world! is there such career? or is it so call career change?
Heh thats sort of what I’m aiming at – retirement
is being able to wander the world seeing the sites
I have heard about and have never seen … …
as for a date well ASAP is the unnofficial date …
the official one is 2008 …
my take on the “pay yourself first” from richest man in
babylon is that it means dedicating a set portion of
your paycheque to investments ( make your money work for
you ) and then the rest gets divvied up amongst your
bills and debts … wohay then I can get that new toy
with anything that is left over … if anything
is left over … the goal is to get to the point where
there is something left over …
heh I put off getting buyer beware until the new one came
out and I noticed the ad for the product said they were
going to raise the price from $99 that sorta scared me into
action I guess …
even with the *.pdf and *.html versions you should be able
to use the ideas to help you create your own templates
though … just need some word skills … or borrow
the time of someone who has those skills …
The copy of buyer beware I got came with two cd’s and a work book. One of the cds is a data cd that contains
pdf and MS word versions of the templates.
heh but which property market is at the upper extremes ?
3 bedroom houses in inner sydney, 1 bedroom units
in ballarat, or warehouse space in Longreach
or just the property market in general based on the
australia wide averages …
its always entertaining seeing how the media interprets
realestate … and watching how the crowd reacts to
the media’s interpretation …
The “experience” thing has prompted me to post
a question. Don’t know if it belongs here but
here goes.
Realestate experience, isn’t it more complex
than just how long you’ve been investing for ?
If I’ve only purchased properties in a single
location then I will have only experienced the
same property cycle. But as differing locations
(towns, cities, states, suburbs, countries, regions )
etc have their own property cycles isn’t it
possible to accumulate a wide variety of property
cycle knowledge in a short time frame through
investigating a large number of deals in a
number of locations ?
Especially as rural locations are more inclined
to have their local property cycle affected by
the surrounding industries than suburban locations
are. Though you can see suburbs in cities boom
and bust at differing times to the city’s own
property cycle.
Or is it more the experience of trying to successfully
invest in realestate when interest rates are high
that you can only come by if you’ve invested for
a long period of time ?
But you can get that experience by invested in
another country where interest rates are higher.