Have you been successful at making money with property options? If that's you I would really appreciate your input. Many of you have worked extremely hard to get to the position where you now are and I really respect that because I can appreciate what it takes.
I'm a 24 yr old investor, I've had a range of business experience buying as selling a wide range of things. Essentially doing flips on everything from fishing tackle to sports cars. I have strong analytical and problem solving skill sets, as well as being a continual student in my phone, interpersonal and negotiation skills. However I have virtually no experience in property.
I'm looking at doing a property options course, specifically from Mark Rolton. I believe there is massive potential in property options with development approvals as a vehicle for accumulating wealth. I also understand that success in anything is 80% psychology, 20% mechanics.
What I'm looking for is feedback on a few questions from people who have been financially successful with property options. Specifically what I need guidance on what you believe is:
- the effect of the current economic climate
- the time frame may take a committed full time investor to understand the mechanics of the market enough to really add value and put together successful deals
- your experiences in finding opportunities and the timeframe it took you to find the first owner willing to write an option with you. A lot of people say this is very hard, but I believe it largely comes back to the commitment and skill of the individual.
Thanks, your constructive input is appreciated.
I'm a 24 yr old investor, I've had a range of business experience buying as selling a wide range of things. Essentially doing flips on everything from fishing tackle to sports cars. I have strong analytical and problem solving skill sets, as well as being a continual student in my phone, interpersonal and negotiation skills. However I have virtually no experience in property.
I'm looking at doing a property options course, specifically from Mark Rolton. I believe there is massive potential in property options with development approvals as a vehicle for accumulating wealth. I also understand that success in anything is 80% psychology, 20% mechanics.
What I'm looking for is feedback on a few questions from people who have been financially successful with property options. Specifically what I need guidance on what you believe is:
- the effect of the current economic climate
- the time frame may take a committed full time investor to understand the mechanics of the market enough to really add value and put together successful deals
- your experiences in finding opportunities and the timeframe it took you to find the first owner willing to write an option with you. A lot of people say this is very hard, but I believe it largely comes back to the commitment and skill of the individual.
Thanks, your constructive input is appreciated.