As others have said, University is a personal choice, definitely not essential. I know in my university degree (civil engineering) I did not learn too much about how to be a good engineer, I learnt everything as soon as I stepped into the workforce, in the end I feel like the only reason I did the course to get a piece of paper which meant I could be an engineer. 

I would be interested to keep in touch, I have a younger friend (about 17 now I think he is) and I have been trying to show him the light in terms of investing and achieving financial freedom, unfortunately he has never seemed interested in learning that sort of thing, I bet he will realise it when he is older and wishes he started doing it when I first started showing him! 

But for yourself in your current situation I think you should use it to your advantage, and by that I mean is after focusing all on school of course, you should have a fair bit of spare time, so do not waste it, try and keep researching and planning for the future, so by the time you are able to start investing, you will have all the knowledge you need! 

But feel free to drop an email, I would be happy to keep you in the loop with my next investments so you can see (almost) first hand every step of the way regarding investing in property. Hopefully you will find it interesting and perhaps make a decision if it is something you want to pursue in the future, and with the bonus of not having to risk any of your own money!

buy another house for 500k

go buy a commercial property for 1.5 mil yielding at least 10 percent

ensure you get insurance

150k pa

The good old 'man in the seminar' has been responsible for many a misunderstanding! So this guy wanted to get back more tax than be actually paid. I had a friend who got into a panic when her unit became cashflow positive. Her accountant told her she would have to pay more tax but a way to prevent this was to do a reno. So she did a needless reno on the bathroom

Just a small introduction i am 17 and have been reading about property and very interested.

I wanted a bit of knowledge on the topic of loans and borrowing for the buy and sell strategy.

I understand there is some kind of insurance if your loan is under a certain percentage but how do you go with a buy, renovate and sell ? Do you still take the minimum amount and obviously have a buffer for renovations ? And how much does loan insurance cost ? also what are the tax implications with doing this over and over ?

Any other feedback and advice related to this topic is highly appreciated.

Thanks

Jason

PS: This forum is absolutely great , i have learnt so much in the past 2 weeks.

Criteria changes by the day and unless you are working in the field have a Uni degree is just another piece of paper.

I did Economics at Uni in the UK many years ago and have never used it to this day.

In my opinion nothing better than a working education in the property industry and getting some hands on experience.

Beats the theory any day of the week.

Cheers

Yours in Finance

At the moment i am thinking of doing B Commerce – Property. I actual just started reading it like first few pages, i just finished my exams so i will finish reading it soon and will get back to you!

I am 24 and finished my property and construction management course last year. While I think it was good that I did the course, as it has lead to me establishing an income, I can honestly say that this forum alone has given me more knowledge about investing in property than all my studies combined, not to mention all the work experience and other resources that I have seeked out.

My one piece of advise which may or may not apply to you but it is one thing I wish I was told, is study to get a job that you really REALLY enjoy don't worry about the money, educate yourself on the side and invest to reach your financial goals. 

I may not be experienced enough to give this advise but given you are not too far behind me in age I feel I can relate very much to your situation. I am still yet to enter the property market and I often look at friends that are, for example, tradesmen earning 6 figure sums but spend it all on liabilities (booze) – if I had of done a trade I would have had an extra 4 years up my sleeve (my course went for 4 years and started after yr 12 in comparison to a trade which runs for 3 and starts at yr 10) I would be earning more and while my career path may not be as favorable, I would be enjoying what I do and be in a much better position to make real money through investments – you don't make money off salary – just look at all Australia's wealthiest, they don't get checks, they write them. 

That said, if your a Career Path person go for it! but if your after something more then don't follow the crowd .. it leads to a desk.

I've had an email come through after registering interest in the property apprenticeship and the price is now $7995. The link mentioned above has not been updated. I have to admit I registered interest off of the price I saw in the link. The new price is now double that. Ouch!!

I'm more than positive the content is amazing, I just have to find the money now that doesn't come out of savings/deposit monies.