What they dont tell you in property forums??

There are still places where a PM may deal with less than a mil in property in a day

You can even live in these places, they have lecky, gas and shopping centres with coles, wollies, bunnings etc....must be a lie........

 

Yep, many have pre formed the answer they want from you or the forum before asking, if that is not put forward, they stop talking or dis appear

 

*That the secret to most ''capital growth over cash flow'' investors' success is help from family, inheritance, a very high income or a successful business.

No hate here, you've got to play the hand you've been dealt and good on people for taking advantage of their situation, but this just something that's often overlooked when people advice beginners.

 

Yes this has been mentioned before.

This is a thread I started on unfair advantages, still comes back to the person and mindset IMO.... it will never ever be an even playing field. My Dad is not Murdoch.... but that's OK

Unfair Advantages

 

Very true
I would say 90pc of the persons on PC made their own portfolio from nothing but our kids will be starting from a solid base and a major headstart
The next generation will have a big portfolio with high income

 

And I read somewhere the third generation may lose/blow it all off?

 

But that’s the normal cycle. Every 100-200 years. What comes easy goes easy.

 

hence can we reverse, what goes easy comes easy?

 

I’ve been trying for last 20 odd years. Nothing is coming back!

 

Yeah that is the most likely situation
Not certain how to fix this problem after you have died

 

Hard to control things from beyond the grave, unless you can toss down a lightning bolt or two!
Marg

 

that is the nature's way of distributing wealth. if death didn't exist poor will always be poor and rich will be rich.

 

What they dont tell you in property forums??

That you can't make monthly mortgage repayments with capital growth.

 

Well....if you can pull out equity you can, you have a buffer, as LOC or a loan, and that can be put towards mortgage repayments...BUT....Extra leverage must be extra careful though....not suitable and comfortable approach for some.

 

..... they don't tell you that its OK to do nothing, sometimes investing in property markets make no sense

...... they don't tell you that the strategy of sitting back and watching and being patient can be a sensible and logical approach, yes, boring..... but, you wont miss the boat when markets are falling.

MTR

 

They don’t tell you how quickly threads are derailed, so by page 2 or 3 the topics being discussed often bear no relation to the heading!

Well done, @MTR for keeping this thread on track!
Marg

 

They definitely don't tell you it can be addictive. I'm a recovering addict but I keep falling off the wagon. Gotta learn to keep my mouth shut more often.

 

They don't tell you there will be so many armchair experts and so little actual knowledge.

 

They don't tell you not to take things personally and read some comments between the lines.