Real estate is different because it has sleek operators and marketers who specialise in hiding the truth, manipulating people’s emotions and painting a false picture. They do it with a degree of sophistication not seen in car yards.
If you haven’t seen any of them in action, go to a ‘free’ investment property seminar.
It’s easy to say “It’s all their fault, they should have done their own independent research” when you have been investing in property for a long time.
There are lots of people out there who don’t know anything any the property investment scene, and who assume that the people they are dealing are decent and honest like them.
A program like this at least warns them that they need be very careful when dealing with property investment companies.
In regards to using a trust or not, this is still an area where I am a bit unsure.
Has anyone come across any websites that provide useful information in regards to trusts? What is the best way to find out more to understand the advantages and disadvantages of trusts?
Being an inexperienced investor, I’m not sure why I would need an accountant at this stage. Is there accountants that specialise in investing? Where can they be found? How can their expertise be assessed? What value would they add to the process?
I have been to an Henry Kaye seminar, and I found him to be incredibly believable. With a bit of insight, it is easy to see him as a top salesperson. However, that unfortunately wasn’t obvious to the people who bought from him. The stories you read in the press about the pain and loss suffered by so many people who had dealings with him is tragic and hard to take. Hard to accept that he can walk away from it.
I don’t know the company involved, but I’m pretty sure that you’re unlikely to find a good deal from such companies. Good investments are usually found after doing research, they are not often handed over to you on a plate.
About the kids, I tend to agree. It may not be an issue that you can find a technical solution for. It might be easier to work out something with them than to look for a technical restriction.
I agree with those who say that you can create wealth quicker through property, because of greater capacity to leverage.
Markets all have cycles. While property seems pricey at the moment, maybe it’s time to research an area so that you will be ready to grab an opportunity when it comes up. As long as you can hold the property long term, it doesn’t matter what the market might do in the next few years.