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Wow, thank you everyone for all of that advice. Reading all of this was great and very much appreciated.
I have a lot of questions to ask, but won't worry about them right now.Also, has anyone heard about property options? I have just recently come across this and don't know too much about it, but i am very interested.
Apparently you can control a property without buying it through an option. Options are just a contract basically saying that you can buy the property but you don't have to. Which has it's advantages, for example: say the option is for 12months, the value of the house may have increased allowing you to buy the property at a lower than market price, without paying for the mortgage, maintenance, etc. during the 12months. Also with an option you can put a Development Approval (DA) on the property without owning it, if the DA is approved than the value of the property immediately is increased, allowing you to sell the property option to a developer for a nice profit or even developing the property yourself under the option.
I like the idea of using a property option as well as a DA to force value into the property. Also you do not need a large capital to get an option on a property, approximately 10-20k and profits can be up to 100k. It seems like the perfect way to get experience into the Property Development industry without having so much risk.
This is what i gathered in the last hour or so, and i may be wrong about it.
Also i am surrounded by negativity, I'm guessing it is since i am surrounded by poor/middle class people. I'm literally a one man army. People i know see that I'm trying become financially free and they all talk about it, they say I'm going to fail, that investing is for rich people only, I'm only going to lose money, starting a business is to hard. It's getting to the point that they think they can make jokes about me. I can no longer talk to even my closest friends about my vision and goals. They simply just don't understand where I'm coming from.
Well i guess I've put up with enough of this negativity, that i have decided to search for like-minded people. I want to be with people who are like me, or are better than me who i can learn of.
So to give everyone a thought of what type of person i am;
I am 17 years old, born and raised in Perth. Both my parents are poor and have given me this belief system that life is hard work. That i am suppose to go to school, get good grades to go to Uni, secure a well paying job and work the rest of my life. I don't like that belief and decided to study rich and successful people. Such as Nik Halik, Richard Branson, Jamie McIntyre, Robert Kiyosaki, Jordan Belfort just to name a few.
I graduated year 12 in 2010 and have been working since, (actually i have just been fired by my boss, due to going to Melbourne for a conference), saving almost all my money.
I have a plan to get rich through investments, i have many goals in my life. I'm single and i think I'm quite the good looker, so ladies feel free to contact me hahaha.But with all seriousness i am looking for like-minded people, my email is [email protected]
Thank you again for all your comments!