Hey Will,

I'm 20 as well and have been doing my own research for the past 8 months or so. I just wanted to raise the point that there are some absolutely fantastic real estate investment strategies out there some of which you don't need a huge deposit sitting in the bank. Don't think that the only way to invest in property is buying a house, putting in a tenant and waiting for the capital gains. Click on the 'investor HQ' tab at the top of this page and check out some strategies like wraps and lease options for cash flow and flips for quick cash. These creative strategies work perfectly with bringing in money partners to put up funds for a slice of your deal (no money down doesnt mean no money down – it means none of your money down). These techniques allign perfectly with young people who are looking for significant results as long as they are willing to put in significant effort and always ask how they can serve others.

Good point about not getting disheartened when 'professionals' look at you funny and don't take you seriously. Those who can't recognize enthusiam, drive and motivation from a young champion aren't the types of people you want to be hanging around with. Don't forget they are commonly wage earners and aren't searching for more like you are. Be really careful who you take advise from – only take advice from people who are genuinly interested in helping you and those who are successful mentally and financially. When you've done your research and you know what your talking about they'll shutup and realise your the real deal. 

Finally, realise that you won't make any money or create any wealth if you don't deserve it. Its SO easy to sit on an internet forum, to read a magazine, to send emails, to make business cards and flyers, to read books and listen to tapes. Don't get me wrong they are all essential but don't kid yourself that your a property investor when you are only deluding yourself. Depending on what your investment strategy is, you will only make money when you make written offers and speak to money partners – there's no other way. Looking at houses won't put cheques in your account, neither will reading books. Invest in your education but make sure you get out there into the real world and hit your key result areas (i.e. offers) again and again and again and then you will succeed. One of the quotes in Steve Mcknights articles posted on this site said his school motto was 'Spectemur Agendo' – latin for 'By their deeds they shall be known' – how fantastic is that?? Be known as a doer and not a talker like the rest of the world. 

Goodluck champion,

David 

Hello Hayley,

I'm new to property but i just wanted to add my two cents regarding the above so your not scared off…I've been studying John Burley's materials who deals alot with Veterans Affairs Repos (i wish we had these in Australia!!)..

A) you can get a title search for about $12 dollars which will show you what type of liens/notes/mortgages/debts are on the title of the property… If you find a foreclosure, search its legal description (which you could get from public records i.e. council websites or RP data) for peice of mind…

who cares if the property is in complete disrepair.. I would love the opportunity to buy such a house in Sydney.. You mentioned creative investing i.e. thinking out of the box… One strategy ive studied is to control houses that are not in the state to be occupied, cut the grass, sweep the floor and sell it to a property investor who specialises in renovations and fix ups for a profit. If you can buy at 40-50 cents in the dollar because its in such bad shape, someone will buy that off you for 60-70 cents if you sell them the vision or idea. They may have the reno skill set that you dont… One investor i was listening to buys properties that were used as Crystal Meth labs, sorts them out and sells them at a 30 cent in the dollar profit.
 
If you look for reasons not to invest you'll find them. Scamp is the same person who said everyone who posts on this forum is 'not smart enough to do it anyway' and told everyone that if they want to be investors they should invest in economics study and purchase gold.

One of the most valuable things ive ever heard was from Think and Grow Rich and it says ''Opinions are the cheapest commodity in the world.  It is characteristic of people who have but a vaneer of knowledge to try and give the impression that they have much. "

Regards,

David

Northern Crest is the new name for Blue Chip Financial… I can't see into the future and im not a cynic by any means… All i know is that i bought BCF at $0.34 and after a huge trade debtor went bad and an extensive trading halt my shares are now worth $0.09 for an impressive 75% loss. Hopefully the only place 'they are going..downunder" is UP!!!

Hi Paul,

For the new people (like me) what is a lockbox?

Regards,

David