University degrees.

Discussion in 'Investor Psychology & Mindset' started by private_number, 24th Oct, 2017.

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  1. hobartchic

    hobartchic Well-Known Member

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    I was going to suggest a Diploma in Property and/or certificate through your state Real Estate Institute. A builders licence is another thing you may want to pursue but it is a lot of physical work.
     
  2. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    It sounds difficult but doable depending on how full on your current job is.

    Good luck with your decision.
     
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  3. private_number

    private_number Well-Known Member

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    Will do mate! Sent you a PM!

    Thanks mate!
     
  4. New Town

    New Town Well-Known Member

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    Any valuation type course will cover the fundamentals. Don't quit your medical field until your own development experience is well established. ie start studying part time then commence your own small scale devs while still working in medicine
     
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  5. private_number

    private_number Well-Known Member

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    Thank you for your reply!
    Yep, don't plan to quit just yet. But because time is money and also very valuable, I want to find the 'perfect' course for my needs. I'll make phone calls next week to universities and seeing what they think too! Perhaps talk to past students as well.
     
  6. MWI

    MWI Well-Known Member

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    Trust me experience differs from theory, hands on experience is required! Being mentored and learning from other people's projects would greatly help. I did Cherie Barber's renovation workshop and it was great, I would even recommend her course to be taught at UNI, however many aspects are learned on the job. Development is not just a numbers game, it is also about negotiations, people skills, time and cost management, and so on and on....
    Also challenges will pop up and mistakes are not so bad as long as you learn from them... It's like riding a bike, you can learn and study ALL you like from courses or the books about it BUT you will not be able to ride it, and ride it well until you start to physically do it, right?
    Also, if you don't push yourself on that bike, don't fall, go faster or slower on turns, you will not be the best bike rider so we need to fall or learn on those mistakes to become experts in that field!
    Same with any field, so start with smaller projects and investments, yes learn all you can, become mentored by those that are doing it and are successful, that would be the key!
     
  7. Scott No Mates

    Scott No Mates Well-Known Member

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    I haven't done the course and I'd rather see it run by spruikers.

    Nothing against the person but a uni course requires academic rigor, peer reviewed at industry and academic levels. This might pass the pub test but not the career test.

    It might be nice at it's condensed but it doesn't necessarily mean that you'll get bang for your buck. Very little more than an upscaled DIY/home renovator course which is it's niche.
     
  8. private_number

    private_number Well-Known Member

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    I would highly agree! Ive been fortunate enough to be successful in my current portfolio that has allowed me to learn so much about property however I feel as if I need a bit more which would line up with my end goal.

    In regards to my current development, I feel as if this course would assist me with this and future developments. I had lengthy open conversations with teachers who run the units and I've come to the conclusion that this will be right for me.

    It'll cost me 31k over the year, but the way I see it, the knowledge I acquire in this course could save me 31k of mistakes in the future.

    I have commenced my application with the course. I may start another thread on this course next year to help future students if this is something they want to do too!
     
  9. ADLO Projects

    ADLO Projects Active Member

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    Hi @private_number

    Just wondering if you went ahead with the course? If so, have you found it worthwhile?
     
  10. NHG

    NHG Well-Known Member

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    Finished Civil Degree.
    Signed up to Masters of Property Development at UTS.
    Met lecturer outside first class, asked him about developments: "Oh I haven't been on a construction site in over 20 years".
    Un-enrolled from the course, never made it into the first lecture.

    Better ways to learn how to do something.
    Have a very different perspective on degrees post university.
     
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  11. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    A MBA may provide the skills to manage any project but actual experience is key. And that can vary enormously. Resi, commerial resi, hi rise, residnetial land devs, civils etc...Or council and town planning services.

    Harry Triguboff has a degree in textiles. He is #1 developer in Australia and heads Meriton
     
  12. Phantom

    Phantom Well-Known Member

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    You pulled out of a Master's degree because of a single comment one of your lecturers said?
     
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  13. NHG

    NHG Well-Known Member

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    teach us to fish

    I like to learn from those who fish.
     
  14. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    That doesn't mean he is not a developer.
    Building houses doesn't mean you have to get your hands dirty.
     
  15. Tonibell

    Tonibell Well-Known Member

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    Who would have thought ..... academics teaching at a university !
     
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  16. Phantom

    Phantom Well-Known Member

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    And because 'one' of your lecturers hadn't been to a construction site in 20 years, you pulled out of the whole degree?
     
  17. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Must be other reasons.
     
  18. NHG

    NHG Well-Known Member

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    Sure, let's go with yes.
    What are you making it mean?
    What internal world view are you reacting to?
    What are you trying to achieve?
     
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  19. Phantom

    Phantom Well-Known Member

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    My point is perhaps it was a little hasty unregistering from a degree which would have taken reasonable effort to enroll into and maybe even some cost just because of the 10 or so lecturers you would have had in that course, one of them said something you didn't like.

    Perhaps he was a great theory teacher, perhaps the other 9 lecturers were the best in their field and had much to teach, perhaps half of them had been hands on PMs & specialists with some great development projects with combined experience of 100 years. Was it not worth going to a few lectures and meeting the others? I'm trying to understand the logic.
     
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  20. NHG

    NHG Well-Known Member

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    Hmm...
    *Fade fade fade...* THE YEAR IS 2010.
    (Cue NHG walking to class in daggy pants, and a face full of acne)

    The answer is... perhaps, perhaps, perhaps.

    The answer will fall somewhere under the following NLP presuppositions:

    People make the best choice they can at the time.
    A person always makes the best choice they can, given their map of reality at the time.

    All actions have a purpose.
    Our actions are not random; we are always trying to achieve something, although we may not be aware of what that is.

    Modeling successful performance leads to excellence.
    No matter how you define success, many successful people have got to where they are through modelling the successful performance of others.
    Modeling is not copying. Copying how someone became successful in the 80s is unlikely going to make you successful today.

    If you want to understand – Act
    Real learning is in the doing. Through application you will soon discover what works and what doesn’t work.

    Retrospectively:

    1. From my world view, it's super easy to get into university courses, am yet to get rejected since starting university. Dollars are dollars yo. *uni accountant rubs his little hands together* Also left my MBA 1 semester shy of completion a short while later, some say 'but it was 1 semester', I say 'I didn't throw away 6 months of my life'. I was at one point on the journey to do about 4 masters, law, accounting, mba, and development.

    2. Costs nothing to leave a course, first 2 weeks are free from memory.

    3. My personal world view is university bachelors helps you get a role, after that it comes down to if you can prove yourself on the job + opportunity. That point is constantly argued by my BIL who has several masters and makes BANK!

    4. I have since become close friends with several mentors who have... a lot of real estate, and we are close enough where we hang out in PJs and talk shop. The one-on-one time which I have really not leveraged well to date is pretty damn useful, and free.

    5. I have in the last 12-18 months paid for property courses which I have to say have truly been value for money. I have been in action and leveraged this support system over the latter part of this time.
     
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