I'm a real estate investing novice and have been reading a lot about Positive Real Estate and their mentoring program. I have attended a seminar run by Positive Real Estate which was interesting but regularly discussed the benefits of their mentoring program (of course they did).
Due to me being fairly cynical and wary of investing money in things like this, I am just wondering if anyone has been involved with this program/company and what your experience was like? Did you see positive results? Were they supportive? Did they provide a quality education?
I'm a real estate investing novice and have been reading a lot about Positive Real Estate and their mentoring program. I have attended a seminar run by Positive Real Estate which was interesting but regularly discussed the benefits of their mentoring program (of course they did).
Due to me being fairly cynical and wary of investing money in things like this, I am just wondering if anyone has been involved with this program/company and what your experience was like? Did you see positive results? Were they supportive? Did they provide a quality education?
Any information would be greatly appreciated.
Tom
Best advice is not to ask advice from our resident spruiking bulls. Don't buy to infest, you'll loose out, look outside the housing zombie box, good luck.
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
I generally stay away, they can earn up to 6%-8% on the commission from developers.
Don't get sucked into incentives, they are built into the price.
If you do go ahead make sure you can afford a 10% - 20% valuation shortfall. If you can't you WILL lose your 10% deposit.
I agree. Avoid groups like this and do a lot of research yourself.
Wearing out a pair of sneekers looking at what is on the market is the best research you will ever do. It does get tiring and boring, but the shortcuts will cost you money, and sometimes big money. I've seen people have to walk away from 10% deposits because the valuation fell short. Sometimes by almost $200K - and that is a lot of dough to lose because of laziness. A cheap pair of Dunlop K26 will only cost about $25 at Big W.
If anyone is going to buy, make sure that you buy well and don't pay above market value. Buying below the market is a hedge against market stupidity.
Disclaimer - I have no shares in Woolworths or Dunlop.
Any expressed market opinion is my own and is not to be taken as financial advice
Forget using a service provider and get onto a forum with people who actually discuss the ins and outs of how to make it work. And don't buy off the plan.
When something looks too good to be true it usually is, and never trust rental guarantees.
Forget using a service provider and get onto a forum with people who actually discuss the ins and outs of how to make it work. And don't buy off the plan.
When something looks too good to be true it usually is, and never trust rental guarantees.
I agree with what you say, but disagree with you about buying off the plan.
The only thing you have to be weary of in an OTP scenario is the potential for high strata fee's.
The extra rent does not make up for $1,500q strata fees. Pools, gyms and open area's are a death trap for your money.
I agree with what you say, but disagree with you about buying off the plan.
The only thing you have to be weary of in an OTP scenario is the potential for high strata fee's.
Really? I suggest you say that to the many who bought OTP and on settlement found that the valuations didn't stack up and they were left holding the bag.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Really? I suggest you say that to the many who bought OTP and on settlement found that the valuations didn't stack up and they were left holding the bag.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Really? I suggest you say that to the many who bought OTP and on settlement found that the valuations didn't stack up and they were left holding the bag.
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