Hi all
I love active topics. Engelo mate im glad to see you having a crack. Im 27 and have done very well from property. I bought a small business and every one said nah its to risky or bad timing. Im working very hard to keep my business going in fact I work some where else and my fiance runs the store. If you do some thing wrong or the property values go down who cares. Your giving it a shot and that counts.
You only fail if you don’t try.
But I must agree you might of bought the property under 20k market value but if you bought it for that much then that’s what the house is worth. There are alot of empty properties and rent has dropped a bit as well.
Just keep in mind rates, insurance, elec and gas water and cost of maintance have been going up

Btw keep it up

Hi nice post
I used to work in real estate and I did very well to. To be honest every area and market conditins require an agent to sell the home differently. The way I value homes is by doing to things. I show the vendor what has been sold in the last three months in the area by every agent and also show what we have sold in the last three months to.
For example if I feel that vendor home was worth between 350 to 380 I would market the home for 395 to start with
If you get no response then you have to be honest with the vendor and tell them straight out.But I agree with you always try higher price I’ve sold plenty of homes for higher prices.

Hi Xdrew are you based in Melbourne???
You have some great post.

Cheers
Johann

Hey guys

We have all made losses. Its not easy no one said it is. But in bussiness we cant always win. Investing is not just for people who want to win. Its about learning.

If your painting a room and you fall of ladder what do you do? You get back on the ladder and start painting again. 
Turn this loss into a lesson and turn this lesson into making money in another venture.

Cheers
Joahnn 

Hi Everyone, I used to work in real estate and I remember for a good couple of years the demand was very high and supply was very low.  It’s true that a lot of the buyers where Mum and Dad investors who got caught up in wealth creation “etc”.
Why has the market slowed down? This is just my opinion I am no expert. 1)      Price of  homes are still overvalued 2)      A lot of people cannot get loan t o service the homes because of high cost of living and other factors3)      There are so many homes for lease that its not even funny. I sold a house to a guy in a great located two years ago I bumped into him last week and he said his house has been for rent for a while and even at a very affordable rate he still can’t get it leased out. 4)      A lot of people are loosing their jobs and business have slowed down a lot Everyone looks at things different. I own a business and work full time some where else but my goals have changed so much in the last year or two. I went from being a person who wanted to own so much property to a person who want to pay off one home (Which is almost done) and invest in other investment that may get me greater returns.  If I see a property for a good price would I buy it? I wouldn’t even dare. Why? Unless it provides me with a positive cash flow im not going to use  my money just to have another home.

Hi George, Your not the only one out there who is experiencing this. My wife and I own a Tattslotto shop in Melbourne.We do a range of different things:·         Dry Cleaning – Has slowed down·         Cards – Been very busy·         Tattslotto – Busy·         Gifts and toys – Up and down like a yo yo·         Jewelry – Very slow
Its so mixed I know the government blames the “ net” but I do sales and marketing for a freight forwarder and we do work for companies who own online retail business and there very quiet too. A lot of people simply don’t have the money to spend.  Im only 27 but one thing is to always look at the positive. There are people out there who don’t even get to eat or  Live. So at least where above water and in a recession there are always great opportunities to increase wealth.  Good luck and if you ever need anything please feel free to email me

Hi Intrigue,

Hope you are on the right pathto getting your property.
Mate just had a look at what you have been saying very intresting. I used to be a real estate agent but i only did it to learn not as a career. The moral of this is that every time you buy a property you are either going to pay to much or you got it for a bargin. Thats not important i think whats important is what have you learned from this?
EG: Im 27 and bought my first IP on my 21st B day. I paid 185k for a home that was advertised 190k after i got it my freinds and family said oh you paid to much. 3 years later i sold it for 320k.  i also bought a second IP later on that year. It was advertised for 260 to 280. So i paid 285.  Why? I looked at the property from a long term view great location, full renovated, 900 sqaure yard etc.
3 years later its worth 450k valued from the bank not an agent. What did i learn this time? some thing different again.

If you really want to get a property just get one and learn thats all you can do. The longer you wait the harder it becomes and if you never by one you will never learn.
If you need a hand on a property that you are getting please email me or private message you can i help you through the process.

Cheers
Johann

Hi Tim,

I was working as a real estate agent for 3 years. I was top 60 sales person withing a network of 500.
I started at 24 years: First year i was earning 60k – Including retainer and commision
Second and 3rd year i earning 90 and then 110k.

I was learnt in real estate was this;
1) The more you made the more expenses you had: My fuel bill every week was out of controll becasue i was listing so many houses i was also travelling alot in one area. Dry Cleaning for suits, phone bill etc
2) Overall i enjoyed it but where i work know i earn 80 a year + Car + phone for 40 hours a week in work. I love what i do more.
Even though i earn 20k less im able to save more becasue i have less expenses.

So some times in life i believe its not how much u earn but what u do with your money.

The thing i love about the job was this though i love the property market and im a investor. it has helped me gain knoweldge and know in the future when i do buy more property i will be able to read the play better.

So for me the lessons where far worth more to me then a wage