Looking for RE Education

Hi all, my first post here

I'm really into RE investing and have a couple of properties up my sleeve. I would however like to learn more about it. I know I can google for information but I'm really looking into a comprehensive course with the pros to learn about undervalued properties, subdividing, renovating and other aspects. What experiences have you had?

I am looking into the below as options:

http://www.dymphnaboholt.com (Very well known)
http://zadelpropertyeducation.com.au (Heard a lot of good things about this one)
http://www.investoproperty.com.au
http://www.trainingrealty.com (This one seems a little different. More like a home business too which seems interesting)

Any comments would be much appreciated.

RT

 

I suggest you do none of those until you have read every post on this forum.

 

@Rosh Tosh theres a forum meetup in North Ryde tomorrow evening. Good chance to ask the basics from some of the seasoned property vets and professionals. Check out the Meetups section

 

Well that could work but structured learning has its benefits. Plus you don't have to sift through what's solid and what's just fluff.

 

Thanks for that. I will check it out!

 

I agree there are merits to sit down training sessions but choose wisely. Your first raises alarm bells!

 

Most of what you will be learning on those courses would be 'fluff'

 

Yes, I know what you mean. I won't be rushing into it. A friend did some training with Zadel and thoght it was good. And I spoke to Leon from Training Realty which has an interesting business model of learning and earning at the same time. Still considering all my options.

 

Yep I know about those "educators" trying to recommend properties as a good sale. Definitely run fast from them. I already have some knowledge from reading books and having bought a couple of properties myself but there is much more to learn.

 

My only question is Why.

.If you have already 2 properties then all you would have to do is go back into the old site and read what happened to various people who invested with those high flyers who clumsily came into that site and sold people their idea's and the rest is history ..

 

Yes I will definitely read about other people's experiences with them. Forewarned is forearmed.

 

Thanks! I'm always looking for ways to learn more, including going through this forum.

 

There are no seasoned property professional or very few left, those left will know it is time to sell up and not to buy into any property. Do you hear the sales people on the phone the ones that might call you, NEW tax breaks for families, ARE you working, DO you earn an income above. to see if you are QUALIFIED for what seasoned investors know has been in play for 80 years or more, do not be someones fool. It is unlikely you will source them by asking on any social media, do you really think they are going to just give up their time for you. The ones trying to make a quick sale will give up their time then you are on your own. Buying a home or 3 or 10 or 100 or however many homes you can buy is an emotional buy for many successful buyers take out the emotion. Trouble with that scenerio is everyone else is trying the same tact with supposed investors many interstate site unseen buyers thinking of financial returns only to discover to many houses built of a similiar design. The house prices might go up a lot after a couple of years, is that institutional buyers to intentionally and artifificially drive up prices for their sales of further development land and or spec homes they have invested into in the 100s or 1000s perhaps. The first piece of advice would be if you do not want to loose big financially or have a huge big financial stress then keep out and perhaps sell what you own but only if you are happy with a profit you could make. Secondly you could buy cheap, yes prices could lower a little or a lot in the next 3 years, wait till you think prices are the lowest you can get, many family people will buy into investment property and mortgage high only to find now or in the next 3 years their property values have fallen, that is when you buy, maybe only after a small upswing from the lowest prices. It used to be a rule 10 to 20 percent lower you could offer on the price to see if you could buy cheap. I think now it will be 40 percent maybe lower, who knows just how low the numbers could go. Most certainly if you buy into a new estate the prices might go up followed by the prices going way down, if you want to get the profit after a few years you need to find a buyer beware of that and your house if a stock design will probably be the same as many others competing for a sale.

 

Hi Graham,

First time here... welcome

How is your portfolio looking?.... Does one exist? Or have you been burnt by property in the past and just here for a rant?

 

I own lots of property and have been for about 30 years. I have sat down with my wife and explained the coming property downturn which is not going to be good news for many. I am in tune with what is going on. You can buy your own home but I would not recommend any more than that, I see the online auction listings people that have brought on supposed good advice some years ago. If they were able to sell they would have 6 figure losses on the buy price, that is now what about the decline is in full swing. Confidence builds confidence and there are a lot of people encouraged by the big gains they could make. The younger generatio

I have just been steadily buying into property. Just starting out buying what I can. Then buying to developments. It always looks good to buy into property an illusion though. You can buy property if you get the cycle right and make 100 percent overnight or a year say. That is probably at its best the remaining 95 percent of the time you would be just hopeful at best and worst a natural disaster or damage. I would love to have the years back maybe from when I owned my first home but while having the information that I have now. I am still doing ok. I know how much desire there is for the young to climb the property ladder, now is not the best time in my opinion. I know every smart way known how to do things financially in your favour. I would not recommend a sale horizon under 10 years maybe or if you trade houses ie pay cash today type buyer you can buy cheap but you need to know who or how long and what your sale price will be. Ecconomies are going bad across the world, I think you would need to be very naive to believe it could not very easily happen here.

 

Have you made 95% in 1 year on all your properties or just most?
How's this cycle shaping up for you? Looks like time to buy imo then hills sell and reno. Future looks bright

 

People get all excited about buying because well it is exciting lets get that perspective right. We all want to get in before the values go up. Some say there is never a wrong time, that held for a long time. I would think save money whatever is possible, do not go to property seminars, read a lot and after 2020 work out when the best time is to buy. I do not think you will have missed the cycle by then.

 

So 2020 is when it starts. I'll mark my calendar
What about negative gearing deals to flip and maybe a granny flat if there's room? Good strategy?