VIC Melbourne Catch Up - Moderate to Advanced Investors

Discussion in 'Networking & Meetups' started by Robert Rich, 21st Apr, 2017.

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  1. Robert Rich

    Robert Rich Member

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    Hi Team,
    Just wondering if anyone else on here is struggling to find a decent group of people to catch up with on a semi-regular basis to discuss strategies and the property market in general.
    Most of the catch ups I attend are filled with FHBs , tyre kickers or sharks trying to get you to re-finance or use their buyer's advocacy.
    I'm looking for a small group of investors that are already in the game and have stories to share about the ways they've grown their wealth. If anyone else is interested, drop me a line and I'll coordinate a catch up one night after work.
    Cheers.
     
  2. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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  3. Robert Rich

    Robert Rich Member

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    Hey Peter, thanks for the reply..

    Yeah I have attended a few of these and they weren't quite what I was looking for.
     
  4. Big Will

    Big Will Well-Known Member

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    @Robert Rich don't know where you live but if you were looking at starting one up for the 'North', I would be interested in attending even if it was for moderate to advanced (which I think I would likely qualify).

    If it was for moderate to advanced only I am unsure how you could police this as I sure as hell don't want to submit an asset and liabilities just to catch up or what would be a requirement to be moderate?
     
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  5. The Y-man

    The Y-man Moderator Staff Member

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    Yes - I believe @spludgey has a similar thing going in Syd. The debate came down to how do you determine eligibility?

    So far from the original post:
    - no FHBs
    - no BAs
    - no tyrekickers
    - no brokers
    are allowed :D

    @spludgey suggested 3 or more IP's I think - but maybe it should be on the number of property transactions - as you could have sold some waiting to buy a different one?

    But then if we are talking about how we have grown wealth in general, it should include those who have done it through shares and other listed instruments, unlisted instruments, derivatives (ETO, Futures, FX), commodities (eg metals)

    So yes - difficult to draw the line!

    The Y-man
     
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  6. Gockie

    Gockie Life is good ☺️ Premium Member

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    There's a Brisbane meetup and the way they weed out the "advanced" from "non advanced" is to hold it in usual working hours....
     
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  7. The Y-man

    The Y-man Moderator Staff Member

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    Now that's definitely going to weed some out ~ won't keep BAs and MBs form attending though :D

    The Y-man
     
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  8. D.T.

    D.T. Specialist Property Manager Business Member

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    What about if the MBs and BAs are advanced investors themselves?
     
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  9. The Y-man

    The Y-man Moderator Staff Member

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    Exactly - this is where this type of "entry criteria" becomes extremely difficult if not unworkable.

    I understand where @Robert Rich is coming from - and I think rather than a "exclusive" club mentality, perhaps an easier way to go may be organising a seminar or structured panel discussion evening (similar to perhaps what @Lil Skater and yourself did in Melb) so that the presenter/panel can be selective on the questions being taken, and there is a specific context being discussed - eg devs, IP flipping whatever.

    The Y-man
     
  10. Big Will

    Big Will Well-Known Member

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    So I guess full assets and liabilities is the metric we will need to implement haha.

    Even with 3 or more properties, someone could own 1.5M worth of property with 2 and someone could own 600k and have 3. Who is more experienced? Hence why I hate having number of as it should be assets value but also how can you tell if the person has 2, 3, 6 or 10 properties :) until they talk and you might get a bit more understanding.
     
  11. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    If the qualification is 3 or more IPs, then most of the brokers on this forum would qualify quite easily, as would the buyers agents I know.
     
    Last edited: 24th Apr, 2017
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  12. Big Will

    Big Will Well-Known Member

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    There was a group in Brisbane that I was apart of called 'BIG' Better Investing Group not that it was exclusive to advanced users but they did topics on certain parts and had presenters to come and present on the topic.

    There was a charge for this as they needed to hire out a room but I think at the peak it was getting about 80-100 people attending on the big nights and 30-40 on the smaller nights.
     
  13. Big Will

    Big Will Well-Known Member

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    Guess we would have to invent a secret handshake to keep these pesky MB out.
     
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  14. Gockie

    Gockie Life is good ☺️ Premium Member

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    I don't know about Melbourne but the Dymphna Boholt Sydney meetups would match what you are looking for. I'm not saying to sign up or to not sign up, but I will say I've found it to be an active supportive community here in Sydney though.
     
  15. Robert Rich

    Robert Rich Member

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    Hi Team,
    Ok some good feedback, thanks! To clarify, I'm mostly looking to catch up with people in following criteria:
    + Established property investors
    + Willing to share their stories
    + No soliciting of business from the group
    + No tyre kickers wasting time talking about Justin Bieber etc
    I don't mind the idea of having speakers or a roster where we each brief the group on a purchase or project. Happy to make it as structured or as casual as the group wants.
    I'm in Eastern Melbourne by the way but happy to meet where convenient.
     
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  16. Gockie

    Gockie Life is good ☺️ Premium Member

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    I would have thought you could get 1,2,3 in the current Melboune meetups....
    4, probably you can avoid (though, it's nice to sometimes talk about something other than investing)
     
    Last edited: 24th Apr, 2017
  17. Player

    Player Well-Known Member

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    Which Melbourne meetups did you attend?
     
  18. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    The existing Eastern Melbourne group evolved from something like that. It used to be quite structured. Speakers and different discussion topics were organised, at various times there was even a door charge.

    Today it's a friendly get together over dinner and it's extremely casual. If you'd rather it was more formal I don't think anyone is going to have a problem with it, you just need to organise it. Some of the most popular meetings are those where there's been a guest speaker to discuss a particular topic. The problem is very few people are willing to dedicate the time and resources to organising this.
     
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  19. Colin Rice

    Colin Rice Mortgage Broker Business Member

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    In that case come as an investor or with a "value add" attitude :)
     
  20. Stoffo

    Stoffo Well-Known Member

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    Must have had a sherbet or two "many"
    Thought the title said " Melbourne Cup for Moderate Investors" :oops:
    (might need glasses, actual reading ones instead of the drinking one's)
     
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