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  • Profile photo of property.investingproperty.investing
    Member
    @property.investing
    Join Date: 2004
    Post Count: 4
    April 2, 2004 - 1:22 am

    First off cheers for the site references. While these are well known sites I appreciate the effort in starting with a positive.

    In terms of your comments on competition you are spot on when it comes to the acquisition of property however, if you already own properties you will benefit from the additional demand that a new investor will inject into the market ie. if I outbid another investor by $10k on a property you are selling.

    My comment was therefore that, as an established investor, you only stand to gain by encouraging new investors. Think about this – why would Steve do what he does if my comment was erroneous?

    Ta for the feedback!

    Profile photo of property.investingproperty.investing
    Member
    @property.investing
    Join Date: 2004
    Post Count: 4
    April 1, 2004 - 11:59 am

    cheers Russ.

    My focus is in my home state for the moment but thanks.

    Shame about the others though as I think it’s a bit near sighted to compete when it’s investors who will stimulate what is becoming a stagnant market. My demand (as a newbie) can only stimulate growth so if they’re truly established investors they can only benefit from my activity. And there’s your win-win.

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