Before I was ever interest in property I bought and sold cars and made very good profits (100% in a couple of weeks). But it would only be $500-$1000 a time.
So I decided to learn about shares, I made a few profits basically out of pure luck and traded on gut feeling. Shares suited my current situation being a student, but I realised that my profiteering was simply luck and I had know viable system or method to my trading.
That is when property really caught my eye, but I have begun to get very disheartened lately. It seems that there are definitely excellent deals out there, but I just can't seem to get in on the action. It seems like you really have to have great contracts. The Agents I have contact with keep bringing my properties that resemble this (BBO 320,000 tenanted at $300pw) even though I have made them aware of my requirements.
Recently when I should really be in at University I developed a share trading system that reduced the risk (position sizing, and stop losses etc). I began using this system this week, and have come to the conclusion that shares are "not my cup of tea" and learnt a very good lession when i made a decent loss. To me shares are too volatile and do not have enough hands on control and physical analysis.
I just need some hope I guess, is it just the fact that prices have risen so dramatically and rent yields so little, which has made it so hard to buy investment properties that are actually investments. I believe that there are deals out there to be made, but they just aren’t popping up for me.
Are people still buying investment properties to "buy and hold" or is everyone resorting to "flipping"?
Any advice, comments, suggestions?
Cheers
James
Lower Hutt
Wellington
So I decided to learn about shares, I made a few profits basically out of pure luck and traded on gut feeling. Shares suited my current situation being a student, but I realised that my profiteering was simply luck and I had know viable system or method to my trading.
That is when property really caught my eye, but I have begun to get very disheartened lately. It seems that there are definitely excellent deals out there, but I just can't seem to get in on the action. It seems like you really have to have great contracts. The Agents I have contact with keep bringing my properties that resemble this (BBO 320,000 tenanted at $300pw) even though I have made them aware of my requirements.
Recently when I should really be in at University I developed a share trading system that reduced the risk (position sizing, and stop losses etc). I began using this system this week, and have come to the conclusion that shares are "not my cup of tea" and learnt a very good lession when i made a decent loss. To me shares are too volatile and do not have enough hands on control and physical analysis.
I just need some hope I guess, is it just the fact that prices have risen so dramatically and rent yields so little, which has made it so hard to buy investment properties that are actually investments. I believe that there are deals out there to be made, but they just aren’t popping up for me.
Are people still buying investment properties to "buy and hold" or is everyone resorting to "flipping"?
Any advice, comments, suggestions?
Cheers
James
Lower Hutt
Wellington
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