Another very good question sent in a private mail- again, one I thought would be worth some responses.
My own response:
Ten years ago, I was just starting to pay off my PPOR. Six years ago, I bought a DHA property, and never intended to buy any more.
I got motivated 2 1/2 years ago, and bought the wrong property for all the reasons.
I'm really happy about my more recent purchases. And I'm really happy about some of the growth which has occurred recently- though I don't expect that sort of growth to happen again for some years.
So ten years ago, knowing what I know now, I would have said, "buy something, for goodness sake. Get into real estate. Be careful- but not so careful as not to buy".
If someone was going to buy another property, I would be suggesting, as Rolf de Roos does, to at least aim to look at 100 properties.I'm not sure about his other figures- but, at least, if you look aim at looking at 100 properties, you'll start to get at some ideas of good vs bad value.
My own response:
Ten years ago, I was just starting to pay off my PPOR. Six years ago, I bought a DHA property, and never intended to buy any more.
I got motivated 2 1/2 years ago, and bought the wrong property for all the reasons.
I'm really happy about my more recent purchases. And I'm really happy about some of the growth which has occurred recently- though I don't expect that sort of growth to happen again for some years.
So ten years ago, knowing what I know now, I would have said, "buy something, for goodness sake. Get into real estate. Be careful- but not so careful as not to buy".
If someone was going to buy another property, I would be suggesting, as Rolf de Roos does, to at least aim to look at 100 properties.I'm not sure about his other figures- but, at least, if you look aim at looking at 100 properties, you'll start to get at some ideas of good vs bad value.