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From: John Hodgetts
Hi all
Perhaps you all out there may be able to allay some concerns that appear to have come about.
In the last 2 weeks I have settled on 2, what I would rate as 6-7 /10, units in reasonably up market inner city suburbs. My trade is the building industry, so I am familiar with the nature of the beasts. This has finally come about after the gumption to finally get into the IP game was resolved.
My problem is this; as we are all trying to gain as much info as possible, we had the chance to go to one of these free investment seminars that run on the lines of what's better property or shares?
At the end of the evening I spoke to the Investment presenter and was dismayed as to his advice,( within 30 seconds), that I would be better to sell them straight off, cop the losses and reinvest in 1 house in a much more expensive suburb.He was also not keen on the idea of quote "rushing out over the next 10 years and buying property, yearly and virtually anywhere,as it will not return anywhere near the amounts that we are expecting"
Now I know this guy has an axe to grind to obviously sell us his services but is there anything in what he recommends and has anyone else struck this sort of response lately?
Hi all
Perhaps you all out there may be able to allay some concerns that appear to have come about.
In the last 2 weeks I have settled on 2, what I would rate as 6-7 /10, units in reasonably up market inner city suburbs. My trade is the building industry, so I am familiar with the nature of the beasts. This has finally come about after the gumption to finally get into the IP game was resolved.
My problem is this; as we are all trying to gain as much info as possible, we had the chance to go to one of these free investment seminars that run on the lines of what's better property or shares?
At the end of the evening I spoke to the Investment presenter and was dismayed as to his advice,( within 30 seconds), that I would be better to sell them straight off, cop the losses and reinvest in 1 house in a much more expensive suburb.He was also not keen on the idea of quote "rushing out over the next 10 years and buying property, yearly and virtually anywhere,as it will not return anywhere near the amounts that we are expecting"
Now I know this guy has an axe to grind to obviously sell us his services but is there anything in what he recommends and has anyone else struck this sort of response lately?
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