Hello All
Here is the feedback as I remember to the questions put.
Their Driving Reason to Invest?
Fear of No Pensions or Little Pension, Enjoyment at Investing, Wanting to be in control.
The 3 Essential Things you MUST have to Invest in Property!
Self Belief, Drive, Money helps but NOT essential , having ago is more essential. Action!!!
Their Best and Worst (if any) Decisions and WHY?
Interestingly it was mostly the "worst: that came up. Included not buying a property they knew they should have and/or selling one they should not.
Two Panellists listed
buying vacant land as the worst decision which they bith where still trying to solve. Don’t buy vacant land with no income!
Their Strategy has it changed recently, why, etc.
Not changed but evolved. All ignore the market doom and gloom and simply look further a field for the bargains.
Spotting Bargains, the work involved and how to…Research, Research and Research. Bargains are every day but you need to be able to recognise them.
What they see for the future,
Recovery in 2007/8 but WA is still good buing at the moment. Geraldton a hot spot.
If they were starting out NOW, what would they do?
Start a lot younger
Summary
There are still bargains and you simply have to research and be prepared. Ignore the cycle and get into it!
Then we have general question with a bitch about LAND TAX.
So in closing I have passed SIG duties to Perky 29.
Using the Latham excuse” I want to spend more time with my family” I promise not to release a tell all book.
It had been a pleasure and I look forward to joining See change and Michael at the back heckling!
Regards,
Peter 147
SIG Coordinator (retired)