Interested to other peoples stories re turning points where something happened to get you involved investing.
It happened for me finally after deciding against buying an acre block of land to build my dream home on.
I went down to estate agents office to tell him to cancel the hold on the block that i had.
I know the guy and he asked me if my parents were still interested in moving closer to me as we had spoken before about them maybe buying a unit in town.
He mentioned having the classic worst house in best street just 500 metres from his office and rest of the shops.
I bought the property that day after minor negotiations for 80k and as it turns out i beat quite a few people that were also interested.
20months later land worth 160k and will build 2 units here once everythings finalised (plans etc)
Will hold them long term and from recent sales of units in town looks like a profit in the order 200k is very realistic.
Anyway that was my turning point towards property inv and i look forward to reading about other investors stories.
Darren
It happened for me finally after deciding against buying an acre block of land to build my dream home on.
I went down to estate agents office to tell him to cancel the hold on the block that i had.
I know the guy and he asked me if my parents were still interested in moving closer to me as we had spoken before about them maybe buying a unit in town.
He mentioned having the classic worst house in best street just 500 metres from his office and rest of the shops.
I bought the property that day after minor negotiations for 80k and as it turns out i beat quite a few people that were also interested.
20months later land worth 160k and will build 2 units here once everythings finalised (plans etc)
Will hold them long term and from recent sales of units in town looks like a profit in the order 200k is very realistic.
Anyway that was my turning point towards property inv and i look forward to reading about other investors stories.
Darren