From: Rick Kirk
Hi everyone.
Was just wondering how everyone is doing at the present point in time with regard to new property acquisitions.
I've been watching the Melbourne market for years now and have found it increasingly difficult to find anything of value to purchase. (Being that I'm in the +ve cash flow + cap growth nirvana mindset).
Most investors say you need to be counter cyclical.
At the moment it seems that every man, his dog, cat, wife and kids are currently trying to buy property while the stock market eats itself.
So. If you're not particularly interested in stocks (which you probably should be at the moment), but are an avid RE investor, what do you do when the market is the way it is.
(Lets assume you like to invest in your local capital city)..
Just curious to know what seasoned investors do to get ahead whilst the inexperienced can see no-where to go.
Thanks for any discussion..
Cheers,
Rick.
Hi everyone.
Was just wondering how everyone is doing at the present point in time with regard to new property acquisitions.
I've been watching the Melbourne market for years now and have found it increasingly difficult to find anything of value to purchase. (Being that I'm in the +ve cash flow + cap growth nirvana mindset).
Most investors say you need to be counter cyclical.
At the moment it seems that every man, his dog, cat, wife and kids are currently trying to buy property while the stock market eats itself.
So. If you're not particularly interested in stocks (which you probably should be at the moment), but are an avid RE investor, what do you do when the market is the way it is.
(Lets assume you like to invest in your local capital city)..
Just curious to know what seasoned investors do to get ahead whilst the inexperienced can see no-where to go.
Thanks for any discussion..
Cheers,
Rick.
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