Hi Everyone,
I am intrigued. I have been looking back over a number of threads (last 18 months) and I am amazed at some of the posts. It seems that a number of Forumites seem to have a sixth sense -- they know where to invest before an area takes off. How do you do this. Does someone tap you on the shoulder with a nod and a wink Have you been watching an area for some time (maybe a year or two) noting infrastructure going in before you make an investment decision. What propels you to an area which is yet to take off -- particularly if you live in a different state, how do you get the inside running on that next hot spot Is it contacts, skill, reading all the right journals, checking government or council websites OR WHAT!!! This obviously sets you apart from the average investor.
I have also noticed that some Forumites have purchased tracts of land before an area starts to boom. This seems to be a rather large risk -- how do you mitigate this risk. How do you know if the council will be amenable to your plans to subdivide etc. What other factors do you take into consideration? What experience or knowledge do you need before you embark on a subdivision.
It really would be great to hear from members who seem to have the "midas touch". You are truly inspirational and hopefully you will provide us lesser mortals with some insight.
I am intrigued. I have been looking back over a number of threads (last 18 months) and I am amazed at some of the posts. It seems that a number of Forumites seem to have a sixth sense -- they know where to invest before an area takes off. How do you do this. Does someone tap you on the shoulder with a nod and a wink Have you been watching an area for some time (maybe a year or two) noting infrastructure going in before you make an investment decision. What propels you to an area which is yet to take off -- particularly if you live in a different state, how do you get the inside running on that next hot spot Is it contacts, skill, reading all the right journals, checking government or council websites OR WHAT!!! This obviously sets you apart from the average investor.
I have also noticed that some Forumites have purchased tracts of land before an area starts to boom. This seems to be a rather large risk -- how do you mitigate this risk. How do you know if the council will be amenable to your plans to subdivide etc. What other factors do you take into consideration? What experience or knowledge do you need before you embark on a subdivision.
It really would be great to hear from members who seem to have the "midas touch". You are truly inspirational and hopefully you will provide us lesser mortals with some insight.