I have put my plans on hold – I am still young (22yo) and my partner and I have decided to travel some more before we start our careers.
Personally, I felt that the "mentorship" wasn't really that at all. I was suspicious of it as soon as the meeting started – it came across as a sales pitch rather than something of a tutoring / mentoring program. Was it naive to think of it to be as anything else? Most likely, but I was eagre to hear them out anyway.
I suppose my warning would be to be wary of the process and to make your own educated decision.
Was the property they were suggesting in the hunter valley region?
No problem. We decided not to go ahead about 2 minutes after they left after the meeting. It was late-ish last year that we had the meeting.
I'm surprised they haven't been in contact with you much – that is worrying. Have you sunk much in to it yet?
Definitely understand the earning of trust but my financial situation is quite delicate and this could definitely put us on tilt if it did not go well.
The risk was too dangerous at the time.
I believe the concept of the book was somewhat of a gimmick. However, I pray that is not the case.
I decided to not continue with the program as I did not like the proposition that was brought to us. Seemed more like a sales pitch then a mentorship program.
Also, when I told Steve I was not interested he was quite rude and chastised me. He more or less said I would never be able to realise any of my dreams without his help – was very surprising and dissapointing.
Good luck to those who took part – I hope it works out for you. <br /:)” title=”>:)” class=”bbcode_smiley” />
Does the FHOG-PLUS only apply to RESIDENTS in NSW or does it apply to properties being BOUGHT in NSW?
E.G. I'm a first home buyer living in QLD and I want to buy in NSW (all hypothetical), does that mean I can get away with no stamp duty (whilst this scheme is active)?
I just had a call from Stephen's people. He is calling me next week to have a chat <moderator: delete language> I don't know if I'm a suitable candidate but I guess we'll have to find out >.<
thanks – very helpful (as always!) I haven't seen those free reports but they are interesting. Will be good to actually apply the stats to what I can see when I go out there to have a look around!
I find myself in a situation similar to you. A lot of people will find it hard to understand where you want to go at your age. I'm sure you've read Kiyosaki's books… it isn't something we are taught at a young age!
What your parents said about going to Uni isn't a bad idea though — like JacM said, that piece of paper is what will allow you to be 'qualified' to work in a higher paid job.
I think some of the suggestions by Kent – that is, getting in to the property industry somehow – is something that you should look in to. Basically, without a decent income you aren't going to be able to deem yourself eligible to service loans anyway so, that should be your primary concern at the moment as well as trying to reasearch!
Firstly, congrats John for owning those properties outright, no easy feat for sure! Secondly, consider the people that have done what Steve has done… 130 in 3.5 years.
Now, I'm going to take a punt – without any other information, just based on what we know right now – that Steve is financially better off than yourself.
That is only one example though – not saying that either approach is 'right' but cutting one down completely is a bit silly
I have just started my journey towards being a property investor and am very much starting to research intensely into areas / places of interest
From what I have gathered, through my own research, and the words of some more seasoned investors, these sort of deals don't just 'crop up'…
It is all about being creative with your investment strategy and your solutions that you bring to the table. Being pro-active in letting agents/sellers know what you're looking for. Going to lengths greater than just looking at realestate.com.au
Fact is, people do sell below market value, for whatever reason that may be. You just need to know where to look and you need to be proactive about finding those deals.
When I get closer to buying my first property (i.e. have enough capital to start putting overs out), I will be blogging about it with almost complete disclosure – i.e. what I thought of places etc etc.