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Property investing is just like a new video game. You need to start at Level 1 and work your way up and never compare yourself to people on higher levels!
The time has come where developers have begun to run out of stock and prices have dropped so much that they can negotiate no further. Sounds like opportunity to me! Could the market be turning? That's certainly been our experience since we came back from our Christmas holidays.
This is an article I wrote about Quantitative Easing that the economists and politicians have been speaking about. Good in theory and will definitely work but one of the side effects is inflation which may means higher interest rates... Be prepared now.
Many of you may not know but I didn't start in new build properties. I started buying second hand properties and doing them up before selling or remortgaging them. At the time it was the best thing for me, I had heaps of time and little capital. I was willing to pick up a paint brush, dig a hole, punch through a wall and build a fence. For the most part it was a great strategy at the time, but one that I would only go back to again if I had to. You see, after my first few properties I began turning into a smarter investor – the kind of investor who's time is more important. I had enough money to pay other people to do things for me and most of all I had a life outside of my renovations.
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