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I had no background in investing, my parents rented the same house for 26 1/2 years. i decided that would never happen to me.
so far i have three blocks of flats returning around 15% PA, which i am happy about. i have made some good decisions and some bloody awfull ones.I am a bit concerned with the current market, and i am very wary about any get rich schemes, or buy my book or system for your own financial success.
Recently i heard some horror stories about a QLD based "guru" who has moved into house and land developing using those suckers who watch his late night infomercials. he makes all the profit and you carry the risk, there are lots of investors who still are runnnig at a loss in the Gold coast/Brisbane which is as a direct result of his marketing.
My only method of sourcing properties is to have a realestate agent(s) who will ring me when a good deal comes across their desk. this i got from this site.
Thanks