Courses not expensive TAFE?

Sadly, no.

Unless you want to go to a complimentary one evening seminar, then get signed up for the you beaut $5k course and get steered towards some over-priced apartments they happen to have for sale at the end of it.

The best course you can do is the one where you get out the check book, and buy that cute little 3 x 2 with a garage for around $250k.

You'll learn REALLY fast.

Aside from that; hang around here, or over at the Somersoft forum; you'll learn a heap and it's all free.

Hi Lucky,

There may be a market for such a course but their are so many different strategies that the course would be very general in nature. Like Marc says, get in their and do it. If you have read 10 books then you don't need any more academic stuff to confuse you. Just pick a strategy and go for it. Procrastination can be a real wealth stopper.

Ian 

Hi Lucky,

I believe that there are now some property investing courses run by Tafe, but not available in every State, so it would be worth while investigating that line a bit further.

There is also Steve McKnight RESULTS programme which runs for 12 months, teaches you a heap about realestate and mind set and has no associated hype or sales.

It isn’t for everyone and
It aint cheap, but for a 12 month programme I think excellent value for money.
No, I’m not a family member or a PI.com emplyee, but I did do the programme. It made the difference for me to go from someone who was interested in property investing to it becoming a business.

Jebro

I'm not sure if this is what you're after, but the Urban Development Institute runs courses for beginners on property development.. anything from a single house/subdivide/small apartment complex, etc. It's not cheap, but they are meant to be fantastic.

http://www.udiaqld.com.au

I'd love to run a property investing course through TAFE having 15+ IPs.  I enjoy teaching people (ex instructor) and have a wider then normal field of expertise and knowledge that can make a difference (ie LOA, Council requirements, Admin for IP).  However, I am currently employed and enjoy the job.  I would be happy to run a course through TAFE in southern NSW if TAFE asked me.

One thing that seems to have eluded many commentors and authors is how to administer your IP and PPR system efficiently.  This is really an important IP segment after the fun times of purchasing and renovating.

The  needs to meet your way of thinking and operating.

I believe it needs to:
a) meet the requirements of the ATO (so you can get a quick return and re-invest)
b) track rental payments through bank statements
c) be  effective in finding out the insurance info, lease aggremment info, property details, property mgt details
d) be efficient in filing expenditures
e) be easy to understand when the ATO audits in 5 years, or for your will executor

Our system is made up of
a) excel spreadsheet component for expenditures and incomes
b) the bills to pay tray – in chronological order
c) concertina folder for doc info to be entered onto the computer
d) hard copy system made up of lever arch folders
       1) Each folder has on the spine in big letters the property name ie street name or suburb/town as well as the insurance number and loan umber on the spine as well,
        2) Front plastic sleeve with TAX 07/08 in permanent marker on it – for expenditure receipts
        3) Divider Tab – Rental – for rental statements from property managers, inspections and lease agreements
        4) Divider Tab – Insurance – policies and associated docs
        5) Divider Tab – Loan – loan docs, bank loan statements
        6) Divider Tab – Purchase (located at the back – for initial acquisition & research (nice to read back at some of the adverts being considered after a few years!, strata stuff, reno stuff
e) a tray system for each property which all relevant docs are placed after being entered on the computer ready for lever arch filing. 
f) Lever arch folders for Line of credit, Research (ie new deals)
g) Usual collection of API mags 

So the admin system is just one segment of IP.  We have found there are several interconnecting segements of IP.

a) Property research (yes we have bought IPs when on holidays!, looking for multiple income streams off one property ie house and granny flat) – also what sort of ownership type – joint, individual, trust
b) Finance (getting it ready before buying, we're always a bit late on this!, having a broker that is also a direct property investor-should be your first question to a prospective broker along with how many and where.)
c) Making the deal (how to get the vendor's agent working for you and achieving the lowest acceptable price – I reckon having the finance ready then offer a silly low price but add the enticement of  30 day settlement and no conditions – you won't get every deal but the deals that are successful will be +ve or close to it)
d) administering the whole process from start to ongong
e) exit strategy – what are you doing all this for?  If it to retire early then considering when to sell, is there another way such as seeking an additional LoC and living off the rental income whilst using the additional LoC for paying the shortfall on loans.(Double tax deduction)
d) Having fun!! and Communicating Effectively by stopping the use of acronyms

The only thing wrong with "get in their and do it' is that you can make so many mistakes along the way even after reading 10 books. It's good to be able to do a course such as the TAFE one, ask questions and get some feedback from those who are not trying to push an idea. A lot of the books that I have read in the past are trying to sell a product.[/quote]

Point taken. I wasn't knocking studying at all. It is essential to learn the theory. I think I was hinting more at taking some action sooner rather than later. Mistakes can manifest even after years of academic learning. It is ideal if theory and practice can go together and it is a fact of life that some people stay too caught up in theory without taking action. I guess it's a mindset problem which is hard to overcome for many. The first step is often the hardest – particularly with property when large sums of money are at stake.

I definitely agree with starting small <$200k but it is hard if you are located in the capital cities.  I guess I would look just outside my capital city and do the ongoing analysis of opportune properties.