I’ve just received Steve’s latest newsletter. I haven’t been on the forum much for a long while.
While being personally mentored by Steve sounds fantastic, I hesitate as I am concerned there is not much to be made in the Real Estate field any more and although I don’t have anywhere else to look, I don’t feel confident with Real Estate any more.
After reading the books I’ve been inspired each time, but there have been so many changes in the RE area that even if I did manage to keep up, I think it’s not an area where much security nor money can be made at this time.
I’d like to get lots more paid off my home loan (my wife would prefer ALL paid off) before investing. I’m even considering dropping my MBF account as there’s becoming less benefit in being a member of a medical fund these days.. just have a look at the large gaps people still have to pay even if they are a member. It’s nice to have the support for peace of mind, but I could probably use the money elsewhere (ie home loan) and if need be, re-draw for any unforseen medical expenses.
Hopeful, keen and learningHi!
Welcome back to the forums. This is a timely way to make my 1,500th post.
Yes, I think there is still opportunity in real estate, but the nature of that opportunity has changed significantly in the last few years.
For example, during a boom market a good strategy is to leverage up and buy as much as possible on as little down as possible. However, that strategy in the current climate is likely to send you broke.
The idea behind the mentor program is NOT to do the deals for you, but rather to be available to help you beat fear and doubt and to get you to see investing from a different perspective outside the usual buy and hold.
Don’t think it won’t be a lot of hard work though… it will be. You are right to say that the r/e climate has changed and as a result we must change too as what worked well yesterday may no longer be effective.
So, to answer your question… is it still doable? For sure, but you can’t just repeat what has been done in the current market as times have changed.
It’s great to see you back on the forums and thanks for your contribution. Did you enjoy the newsletter?
Regards,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi guys,
Steve, your new newsletter format is a breath of fresh air! I’d say it was the most accessible and enjoyable newsletter for ages, so nice one!
I’m pretty keyed up about the opportunity to be mentored by you, have just submitted an application. I bought your first book earlier last year, and took a couple of months to get started, but then bought a few CP properties. That’s over a year ago now, and I seem to have lost some momentum, been diverted by rennovations to my personal home, and would love the opportunity to get some fresh perspective again.
I think it is still “doable” in RE. CP is fairly safe because rents are unlikely to fall in my opinion.
I also enjoyed the newsletter.
I have just finished reading the second book and if you could not be inspired by the mappers then nothing will inspire you I say.
I can relate well to Wil and Del , but BTW , Don’t see them on the forum any more?
How some of the mappers got started with no money is a wakeup call to those of us with money.
Keep up the good newsletters.
Shawn
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