My hat off to you Steve. Your second book is even better than the first one and i’m sure it will be another best-seller. Congratulations.
The message I got from your book is that by learning and applying knowledge, skill and wisdom any “ordinary” Australian can possibly succeed in RE investing.
But I’m NOT an “ordinary” aussie.
I wasn’t born here and English is not my first language, although communication shouldn’t be a problem. I came from a different culture so something “ordinary Australians” think quite natural could be quite weird to me.
Now my question is: will I have a chance in successful RE investing? how should I tailor-make my own strategies to invest in RE?
Your help would be greatly apprciated.
KenHi Ken,
Welcome to Oz and also to this community.
I am not Steve but in answer to your question <will I have a chance in successful RE investing? how should I tailor-make my own strategies to invest in RE?>
If you are committed to property investing and have the desire to do well then you are largely on the road to success.
You will need to work out some critical details such as what is your investment timeframe, what are your goals, are you a cashflow or growth or a bit of both investor, what are your limitations (financial, fmaily, cultural) – and how can you overcome these, how risk adverse are you, how much do you know – is there more learning to be done.
A couple of things you can do are keep asking questions or searching the forum for comments about relevant aspects of property investment, if you are a seminar type of person then attend educational seminars or if you are a reader read a few books discussed in the heads up forum.
Once you have the answers to the more critical of these questions then you are in a position to judge for yourself whether or not your property investments will be successful.
Derek
[email protected]Property Investment Support Available. Ongoing and never stopping. PM welcome.
hi Ken,
I’m not steve either but I am gonna have a crack. “I wasn’t born here and English is not my first language, although communication shouldn’t be a problem.”
totally not, your english is great. hats off to you.
“I came from a different culture so something “ordinary Australians” think quite natural could be quite weird to me.”
like what? Barbecues? Kath and Kim?
Sorry, just kidding.I think if you go for things that are neither weird to you nor weird to ‘ordinary Australians’ (whoever they may be – I’m a Kiwi, but I live here…) then you will be covered either way!
“Now my question is: will I have a chance in successful RE investing? “
Totally. I mean, I even heard of this investor who is blind and does renos in bulk, like buys portfolios of 75 properties and has his own full time team. Just stays at home and does braille documents on his computer and does deals on the phone. His team do the rest. but he would have had the right to say ‘I’m blind so how can I be a property investor?’ and nobody would have thought ill of him for not being one.
what I am trying to say is that if you reckon you have a reason why you can’t be something then that reason will be true. but if you think that you can do it then that will be true too.
“how should I tailor-make my own strategies to invest in RE?”
Like anyone, you tailor it based on how much time, money, borrowing ability, knowledge, you have, what you want to achieve, what the market is doing, stuff like that.
the choices I made were due to not having that much capital but wanting to maximise it and having a bit of time. So doing renos helped that.
the choices you make have to fit in with what you know, your risk profile etc. For example if you are young with no dependents you might invest differently than my Dad might. Your investment might require less equity and more ‘energy’ of some description but my dad’s might be a lower yield but less or nothing to do and more $$$.
joy to the world
Hi Ken,
I’m glad that you liked the book.
I agree with you and feel that it is way better than the first book, but I am a bit biased….
Hope you enjoyed our chapter (he he..)All the MAPPERS were totally different individuals. We all started off with different jobs, different amounts of money, different cultures, (Graeme was from NZ originally) some were even from Sydney, and have you heard, that there are no cashflow positive properties in Sydney.
Basically we all had our own demons to battle, in different forms. Some of us were mere farmers and worked huge hours. Others quit their day jobs to invest and some even shifted to New Zealand to invest, only to find out that they wern’t classed as a resident, as so couldn’t get finance!!??
All I am really saying is:
If you think that you can, YOU WILL…….
If you want it bad enough!!!!!!!!!!!!!!!!
I’m sure you can overcome any hurdles if you believe in yourself.
I THINK I CAN,
I THINK I CAN,
I THINK I CAN,
I KNOW I CAN,
I KNOW I CAN,
I KNEW I COULD,
I KNEW I COULD………[biggrin][biggrin]GOOD LUCK,
Del
Mini,
Do you know the blind investor or just know of him? I ask because I find this a particularly inspiring example of someone overcoming the limitations placed on them (either by themselves or by society). In my situation this is very encouraging, as I am battling my own health problems and my son has just been diagnosed with autism. It is great to hear that this guy has not let his ‘disability’ stop him.
It reinforces the fact that IT can be done with the right approach regardless of where you are at. Thanks for sharing this – it gave me just the encouragemet that I was looking for.
Ken,
When you are unsure if something will be considered wierd, just run it by us here at the forum and you’ll be bound to get some feedback and/or advice.
Cheers
SonjaI know of example in America where a person had eye sight defect and could only visit properties by bike (because her eyesite was so bad they refused her a licence) but she now has a portfolio of properties that are all CF+ and she lives in Californa (on the edges, but still – W0W!).
Rgds.
Lucfer_auHey Sonja, there is another person on the forum in the same boat as you X 2 (re your son) so I will draw her attention to it and maybe you guys can be moral support etc!!
Re the blind guy, yeah, a real estate agent was telling me about him. and I can put you in touch with the RE agent. PM me!
joy to the world
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