Hi

i used to work for hocking Stuart for three years, I was ranked  top 50 agent out of 600 and I was ranked top four in the werriber area.

Very hard work and yes long hours, bit of you want to succeed in anything in life hard work will always be needed.

Even in good times real estate was a hard game, sure it was easy to sell a home but very competitive to list a home

If you like please feel free to email me 

Mate that real estate , I made the choice I do it but that's  why I left real estate 

I'm more happier doing what I'm doing know, get paid more for less work and alloy of oppurtunity

Hi possum pal, 

I am 28 and I was a sales consultant at a  doing real estate  at the age of 24 to 27.

First  year was hard.

I moved on from real estate for two reasons

1) in order to be successful you need to operate 24/7

2) there are plenty of other ways to make a decent living

Mid life crisis? Nope,  your just finding your feet that's all

39 your still young, there are people who do no nothing in their whole life, so starting now is not a bad idea at all.

Risk is the only thing you need to consider but also there are other types assets you can build on.

Hi Scotty,

Well done on this post, very interesting post!!!

I am 28 and bought my first IP at the age of 22. My first property set me back $185,000 and I had saved 25K at the time.

I was working two jobs and studying at the same time.

I bought my 2nd IP two years later for $280,000 and my 3rd IP two years ago as well.

THE OUTCOME:

I got married last year and I actually sold two investment properties out of the 3.

MY PPOR loan is only 60K so my wife and I have no intention to pay it off.

Property is not my cup of tea at the moment in the Australian market!!!!

If you ever need anything please feel free to ask, we are all here to help. 

Rich area vs Poor Area!!

The last three investment properties I bought have been in areas where "most"  people wouldn't want to live…

But the returns in such a small amount of time have been really good.

Try and keep a open mind when investing, You can have a bad Tennant in "high income areas too"

In my opinion this is already happening in Australia  as well and USA middle class has diminished quiet some time  ago.

Is it a bad thing or good thing? It will depend on how you look at it,

In our business we have experienced something new in the market place, the number of people buying and paying for products via Credit Card, and I am not talking about one credit card  but allot of credit cards.

They use one credit card, it declines so they rip out another one….

Why is this happening?

Two reasons:

Organically: Cost of living in Australia is through the roof  at the moment,  Food, utilities “etc”

Mechanically: People have honestly over committed themselves to so many thing, as an example my wife and I we only have and only need 1 TV even with the price rises in electricity it has not affected us at all.

But in General, most families have one TV per person, one lap top per person, one phone per person no sharing but all per person, then they wonder why they can’t keep up,

Be time they pay their mortgage, personal loans, credit cards, bills, school fees, foxtel and all the other stuff most families are behind.

People have been living a lifestyle that they cant sustain.

Any way that is my two cents worth

Cheers

Johann 

Hi Joe,

I used to work as a real estate and one thing that helped me grow my business was after service.

Is it illegal for the agent not wanting to work with your friend? Not all, Only if it is based on race, “etc” like Terry suggested.

What should your mate do? Is don’t worry about the agent and move on, there are plenty of other agents who want business

Should your mate go to the vendor directly? Do not risk it, if you are saying this agent is dodgy. Why if your friend does a deal with the vendor the agent (especially if he is dodgy) can sue the vendor for commission.

A agent should present any offer the vendor, if the agent was smart it would help him condition the vendor!!!

I remember there was a buyer who called our office on a Monday at 10:00 to see a house that was on the market for 1 year. No one wanted to show him the house because they thought he was another time waster, I took the call.

Moral of the story, I end up selling him over 10 properties in one year and sold 5 and we have been mates for a couple of years now.

The agent   sounds like an agent who would do well” in good time” but fail in hard times.,

Dont waste time tell your mate not to worry about it.