Donovan83 Posted July 25, 2014 Report Share Posted July 25, 2014 We ended up going to the Sydney Home Buyer & Property Investor Show and picked up a complimentary book from Stuart Zadel called The New Way to Make Money in Property Fast and also received 2 free tickets to attend his 'Ultimate Property Entrepreneur & Investors Conference' in September where we would be able to gain valuable information and ideas. We're trying to make ourselves more knowledgeable in this area so that we can weigh up our options when the time comes and we are able to get into the property market. Knowledge is Power I don't know much about this guy but the title of that book just puts me off. He's probably some evangelical speaker that's going to try convince everyone to just buy up as much as possible because it "can only ever go up". Go, but I wouldn't put too much weight into his talks if it's all sunshine and roses and unicorns prancing around pooping cash because they invested in property. My personal view is there's no way to make money fast from property, it's a long term investment. I'd avoid buying Sydney and Perth right now.. Sydney is just one big bubble waiting to burst, and Perth's properties have become so overvalued because of the mining boom which has now ended. Quote Link to comment Share on other sites More sharing options...
Heymanse Posted July 25, 2014 Report Share Posted July 25, 2014 I don't know much about this guy but the title of that book just puts me off. He's probably some evangelical speaker that's going to try convince everyone to just buy up as much as possible because it "can only ever go up". Go, but I wouldn't put too much weight into his talks if it's all sunshine and roses and unicorns prancing around pooping cash because they invested in property. My personal view is there's no way to make money fast from property, it's a long term investment. I'd avoid buying Sydney and Perth right now.. Sydney is just one big bubble waiting to burst, and Perth's properties have become so overvalued because of the mining boom which has now ended.If it was just him giving a speach, I wouldn't have gone but the speakers of the day consist of quite a few experts in the area, like Cherie Baber (Australia's Renovation Queen), Dominique Grubisa (Debt & Commercial Law specialist), Daniel Kertcher (Trading expert) to nama a few. The topics that will be covered includes:The Current State Of The Australian Distressed Property MarketIdeas To Secure Properties Up To 40% Below Market ValueThe Difficulties Faced When Using Traditional Strategies & How You Can Gain A Competitive Edge On The Traditional Property Investment Market Using Some Of These “New” StrategiesProspective Ways To Increase Your Chances Of Replacing Your Income In A Very Short Period Of Time!Strategies That May Help You Transition Your Hobby Into A Full-Time Career In Property InvestmentSome Of The Most Costly Errors A First-Time Investor Can Make & How You Can Avoid Making ThemThe 8-Step Renovation Process That Has The Potential To Generate Impressive ProfitsHow You Get Your Strategy Right Before You Buy An Un-Renovated DumpHow To Find & Retain Good Tradies Who Will Love You For LifeTips On How To Sell Your Property At The Highest Price PossibleThe Art & Science To Successfully Renovate For Lump Sum ProfitsHow To Create A Regular Monthly Income Stream From The Stock Market, While Managing Downside Risks, Combining Covered Call Writing With CFD's!How You Can Make Money While You Sleep!How Normal Everyday Aussies Are Accelerating Their Profits To Achieve Their Dream LifestyleHow To Use Leverage To Really Boost The Potential Returns On Your InvestmentHow To Overcome The Mental Roadblocks You May Face When Taking On New Challenges In LifeThis might not be everyone's cup of tea but I do think we'll walk out of the conference with at least a little bit more knowledge of the property market than what we have at the moment.Unfortunately, we will only be looking to buy in Sydney as this is where we are currently working and we don't foresee moving to another state. So if your predictions about Sydney's property soon bursting, I can't wait for that to happen. That could possibly open the door for us to enter the property market here. Just on the radio this morning they gave new figures that the average house price in Sydney is $800,000!! Quote Link to comment Share on other sites More sharing options...
ottg Posted July 25, 2014 Report Share Posted July 25, 2014 I don't know much about this guy but the title of that book just puts me off. He's probably some evangelical speaker that's going to try convince everyone to just buy up as much as possible because it "can only ever go up". Go, but I wouldn't put too much weight into his talks if it's all sunshine and roses and unicorns prancing around pooping cash because they invested in property. My personal view is there's no way to make money fast from property, it's a long term investment. I'd avoid buying Sydney and Perth right now.. Sydney is just one big bubble waiting to burst, and Perth's properties have become so overvalued because of the mining boom which has now ended.I believe your observations are correct -- stay away from the spruikers. If they already made easy money why do they need workshops.......They will attempt to tell you about flipping or vendor financing etc and then try to sell some training package.While there are some people making money from it most dont.In one of my previous responses I mentioned 2 books - study them, from there spend time on the Somers-forum.On the forum you will also get many warnings about scrupulous spruikers by name but also those who has a good idea.Hope it helps. Quote Link to comment Share on other sites More sharing options...
Fish Posted July 25, 2014 Report Share Posted July 25, 2014 I believe your observations are correct -- stay away from the spruikers. If they already made easy money why do they need workshops.......They will attempt to tell you about flipping or vendor financing etc and then try to sell some training package.While there are some people making money from it most dont.In one of my previous responses I mentioned 2 books - study them, from there spend time on the Somers-forum.On the forum you will also get many warnings about scrupulous spruikers by name but also those who has a good idea.Hope it helps.Some also try and sell people properties they already have on their books....which often turn out to be overvalued duds Quote Link to comment Share on other sites More sharing options...
Bronwyn&Co Posted July 25, 2014 Author Report Share Posted July 25, 2014 If you've got time to go to a seminar & the tickets are free, why not?? But it might be a bit like going to one of those 'free' timeshare presentations. Just enjoy it and look and listen but don't take it too seriously imho. We were lucky enough to meet a great mortgage broker with Mortgage Choice. I've never been a fan of the idea, but he was a great help and the bank pays his commission. I recommend meeting with someone like that to discuss options, even if you think you can't afford finance yet. These guys know a few tricks Quote Link to comment Share on other sites More sharing options...
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