If you could go back to the start of your jouney

Leave school in year 10
Become a tradie
Own my own business by 20y/o
Pump all profits into properties and/or developments

That or buy facebook/google shares

 

Chosen a career within the marine landscape. I feel there would be nothing better than working in a field you are truly passionate about, and of course being well remunerated for it!
Would of purchased another IP in Sydney instead of elsewhere.

 

here ya go...

1. Stop listening to people who give you advice on property and don't have much of it

2. Stop listening to nay sayers....

3. Run your own race

4. Be crystal about Australian property cycles...not all cities go up at the same point....

 

Great question here @92dyl and some good advice as well.. My 2 cents for what it's worth is:

1) Be skeptical i.e. do your research and due diligence on any advice your given
2) Get extremely clear on what you want to achieve from investing and why
3) Take action, review and start thinking creatively about how to reach your goals quicker i.e. reno's, JV's, developing etc

The rest of it can be tactics although if you follow the above 3 though you'll do well.

 

No real regrets, I've been lucky, but I would buy with more land content, although the 2 min walk to everything makes my first purchase of a townhouse too convenient a living arrangement. The CG has not been bad either (300k in 2 years) just don't have any redevelopment potential.

 

if you go back and change those things you may not end up where you are today

the mistake you made and learn from them is what made you who you are and without making those mistakes you may end up making a larger mistake and even in a worse situation.

Life is a journey, you made mistakes, you learn, you adapt and try to be a better person as you go

I grow up with not much, would I want to change that, no because it shapes me to be very resilient, street smart and out last hardship compares to some people.

 

But it is much better to learn from someelse's mistakes, and this thread is gold.

 

• Had a mentor
• Invested more in financial literacy education
• Had a better mortgage broker
• Brave enough to take more calculated risks