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Knowing what you know now...

Discussion in 'General Property Chat' started by Leo2413, 12th Feb, 2016.

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  1. Leo2413

    Leo2413 Well-Known Member Premium Member

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    If you could go back in time to the beginning of your investment journey, if there is ONLY 1 thing you can change or do differently, or do more or less of, but only 1 thing, what would it be for you? I’m sure there are some people who won’t change a thing and that’s fine.

    For me it would be to only focus on learning about and buying ‘value adding deals’. Deals that do not solely rely on capital growth.


    What would it be for you?
     
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  2. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    I swear we've had this question a few times before recently, but I'll play.
    I'd guess if I could have my time over, I'd try to accumulate old houses on land which would likely be rezoned, probably near train stations in suburbs likely to be well developed and gentrified in future.
     
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  3. Scott No Mates

    Scott No Mates Well-Known Member

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    You don't need to know everything before doing something.
     
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  4. Leo2413

    Leo2413 Well-Known Member Premium Member

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  5. Bran

    Bran Well-Known Member

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    Watching intently. As, in the grand scheme of things, I'm at the beginning right now.
     
    Last edited: 12th Feb, 2016
  6. mrdobalina

    mrdobalina Well-Known Member

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  7. Random Username

    Random Username Well-Known Member

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    I wouldn't change anything, after this amount of time it is a proven formula.
     
  8. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    I'd have networked sooner, and more.
     
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  9. Leo2413

    Leo2413 Well-Known Member Premium Member

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    Sounds simply amazing mate. Well done!
     
  10. Perthguy

    Perthguy Well-Known Member

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    That what I did! However, one that would have been really good to develop didn't get done.

    My change would be to buy the same development sites but actually do the developments instead of just sitting on them :)
     
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  11. Santaslayer

    Santaslayer Well-Known Member

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    Don't chase the next property hotspot touted by articles or mags. Do your own DD
     
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  12. Rugrat

    Rugrat Well-Known Member

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    I would have got the offset instead of the redraw facility on my first PPOR homeloan.

    The benefit of this would have been cummulative, and ultimately would have meant that instead of selling, it would have been kept as an IP.
    Overall things have still worked out well. But they could have worked out better.
     
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  13. TheGreenLeaf

    TheGreenLeaf Well-Known Member

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    I would have setup ownership structure of my first IP in a better way to make the relationship breakdown (with co-owner) less painful...
     
  14. Chilliblue

    Chilliblue Well-Known Member

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    +1 on this point unless absolute dogs
     
  15. neK

    neK Well-Known Member

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    But more property in growth spots.... Except somehow do it without impacting lifestyle (money and time).
     
  16. Xenia

    Xenia Adelaide Property Manager Business Member

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    Tell more people to F off and sooner.
    I would put up with less s.hit and focus more on what I want.
     
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  17. thegreat

    thegreat Well-Known Member

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    Having a bad day?
     
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  18. Sonamic

    Sonamic Well-Known Member

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    Start earlier. Gives you more time to learn more "one things" along the timeline.
     
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  19. EN710

    EN710 Well-Known Member

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    I can't say buy Google share can I?

    Well. Should have bite the bullet and buy one of the house in my area. It just doubled in 3 years, then I can downsize and retire o_O
     
  20. Cactus

    Cactus Well-Known Member

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    This! Start earlier. More time more growth.
     
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