TPFFREE
Hope some of you can get something out of this - have not been to this expo in the past but plan to go this year. Save yourself the admission price.
My first deal submit so please be gentle!
Free Tickets to Trading Property Franchsie Expo
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Sign me up for an overpriced condo any day.
I have two words for you my friend…time share! ;)
dont forget to bring some spf50+ parasite protection cream on the day.
Combantrin chocolate square, with a Pea Beau chaser…
Thanks!
Could not. register but Thanks
I ha e been to a few of these things, let me save you heaps of time:
- Buy as soon as you can, today's dear is tomorrow's cheap, the market doesn't go backwards, especially in the right areas
- Do your research, be prepared to look around for a few months especially if you are looking to live in a place, I have looked for up to 6 months for a place, more than that and you are letting the market get away from you
- Know your area, don't do a couple of months research somewhere only to be disheartened as you can't afford, then switch to a cheaper area and buy the first thing that comes along. If you change areas you will need to (or at least should) start researching again, but it shouldn't take you as long
- If you can't afford to buy where you want, buy a good investment somewhere else and rent it out, and pay rent where you are. You are much better off doing this than waiting and trying to save as prices only go up
- If you can't get a loan from a bank, find a good loan broker
- Don't trust any real estate agents, most of them are shonky as, there are a few good ones
- Try to buy in an up and coming area, somewhere cheap that is right next to somewhere that is growing out of out of control
- The first rule is the most important: get in as soon as you can, and plan to stay in for 7-10 years to double your initial price
Apart from that, there are a few government schemes you may want to look into as an investor, but the rest of this is just people trying to take a cut of what you would make on your own. Don't waste time on it, I have been to 2 of these and will never go again
Good advice overall, however I would disagree with this bit of point 4:
rent it out, and pay rent where you are.
IME, you are better off to live in the property you have purchased, power into that mortgage until you build up some equity to buy another, rather than spend your own dead money on rent…just my own philosophy, but it's worked pretty well for me! :)
I agree, it's better if you can live in and pay off your own place, but too many people I know have used it as an excuse to not buy, and doing nothing is the worst thing you can do.
And of course we know rule number 8 is completely fraudulent advice spruiked at property seminars to panic people into buying.
Actually, rule #8 is just a subset of rule #1…and it's perhaps the most salient take-home message…whilst you may not always double your investment, you will still see significant growth, and you'll also escape the burden of CGT in that timeframe! :)
Exactly, I was trying to be all fight club about it by saying rule 8 is rule 1, tdon't forget rule 1:-)
Seminar presenters usually ask you to join their WEALTH CREATION programs psychological price FINAL @ $4995
$4995 is like the standard program price these days when go to property or shares or internet seminars
Just a note - be careful about some of the 'advice' you are given as these events. Go with an open mind but don't buy anything without doing some due diligence and google the presenters. See if they are what they claim to be.