……This is what I would do…….

OK I’ll have a stab at this:

1. Investment books – yeah I got a few books at first from the library. This was when I wan’t sure we would really do anything. Our first real endeavour was internet research particularly here.
2. Hmm the Accountant – well this in my opinion can be dangerous. Our first account said we needed a negative geared unit to reduce our tax burden. We now have a good accountant, that could only be chosen when we had determined our plan for investing the account only plays a small part especially if they aren’t into cashflow positive property.
3. Bank/broker – having a good relationship with your financier is important, like your accountant they are a crutial part of your team. But as to providing investing advise I still don’t think this is your best adviser.
4. Estate Agents – this is crutial at any stage of property investing but we still had to have our plan and goals ready.
5. Solicitor – another important member of your team but as a property adviser he wasn’t top of our list.
6. Forums – well as stated above we rank this step higher on our list of first things to do. (from a newbie point of view)
7. Sure why not!

I don’t believe that our plan for how we invest, how we protect our assets, and how we finance our purchases would have been thought out in the early stages until we hit a snag, without the advice of professional property investors that have done it before us such as those that we met at 2 of Steve’s seminars.

The networking aspect of these seminars is as valuable as the seminars themselves.

Cheers
Leigh K[]

Investment unit for sale – includes a rental guarentee.

In summary. Its all a learning process. And sure you will make mistakes along the way. As Jan Somers says in Ordinary Millionaires (i am reading it currently) its time in the market.

It does not matter what type of property you buy (house/unit) or whether its neg+/pos+ – its time in market. How long you can hold onto your properties.

The best bet is to find a mentor. If you cant what do you do – have a go yourself, learn and make a few mistakes along the way or pay for a Seminar $1200.

If you go to all these seminars you will only confuse yourself. (Steve – positive gearing, Investors club – deprn deductions, new stuff, Jan Somers – time in market, pos or neg gearing, Peter Spann renovate to add equity)

As Nike says – ‘Just Do it’ Learn as you go

At the end of the day – you got to take some action.

I dont see why you got to pay $000’s for seminars.

If your worried about making mistakes because they can be costly.

Gee, I may as well stay in bed. I could fall over go out the front door. But You pick yourself up and get on with it even if you have to spend some money on fixing your teeth.

Next time you will do your laces up. Maybe I should have gone to seminar on how to get dressed.

Yak

Would you mind giving us a little insight into your investing experience, just to support your position on seminars. I certainly would like to know what you have learnt and how you have addressed any issues that came up while you were learning.

Cheers
Leigh K[]

Investment unit for sale – includes a rental guarentee.

<<<<how you have addressed any issues that came up while you were learning.>>>>

From my contacts.

Accountant –
Solicitor –
Property Managers –
Estate Agents in area –
Insurance Broker –
Bank – which Bank – they seem to like me.

I discussed things with my parents. I always listened but always made my own mind up. If I had taken their advice I would still only have my own home. But I did always ask for their perspective.

After spending 12 mnths in San Francisco I knew property investing would work. I suppose it was the inner belief that go me to act.

i would recommend a investment seminar, i learnt more about myself and money in 3 days than any book. dont get me wrong, the next thing i did was go out and read everything i could. got onto this forum via steves book and now have some great friends, who help me along the way (melbear in particular). it was here i found a mentor, and people who are ahead of me in the investing game and some behind.. but together we make a great team. learnt how to sack accountants, and what to look for in a solicitor. i am also completly comfortable with debt,
hope this is some help
shaun

Lead, Follow or get out of the bloody way

I;m just starting off so I can tell u if this works in 5 years time… []

1. Buy some property info and motivational books to get you started. And find out your true reason for investing in property.
2. Get involve with like minded pplz to keep u motivated, hasnt happen for me yet since most of my mates wanna enjoy themselves atm. I have my bike who motivates me atm hehe
3. Get invovle with the property industry somehow like working in the property industry. For me im doing my correspondance Property Valuation diploma, first few of the modules I also believe gives me my real estate agent licence.. i better check that one. that way i can be more involved with property as compared to my I.T job atm.
4. Save money, limit on spending.
5. Research within the property industry, as in with banks, real estate agents, accountants, solictors so forth.
6. With the knowledge I plan to acheive I can use it for more judgemental purchases and hopefully eliminate some of the bad experiences I will probably still get? hehe
7. With the cashflow I get, I can hopefully buy a new motorbike each year

Dosent it sound good, lets hope it goes all to plan. Just lots of hard work.. now time to get dirty []
Thats for me anyhows.

What I learnt yesterday, I know better for tommorrow – Dean

Yack…….

Was great to get some insight into your experiences etc, gives me some background to your posts.

It’s hard to invest with a family, and you’ve done well.

Everyone has thier own strategies, but you also develop these strategies over the years of mistakes, successes, reading, learning from others etc..

Agree with you in regards to growth, my IP’s are in the Nuetral to Positively geared range now, though as i don’t have your wage, my strategy would lean towards + Geared properties and the benefits herein, as for *risk* it’s everywhere and ‘due dilligence’ is paramount []

You and your Family have fun in the UK and Canada.. [^]

Remember in Canada signposts in French ( My sister and friends recently got lost after travelling from Vermont in the USA to Canada due to the signs [8] )

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”