Investment Property Advice – Where to look?

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Investment Property Advice

Where can I find some good investment property advice

investment property advicePeople are often asking me where they can get good investment property advice and who is really worth listening to. Well, you’ll have figured out by now that I’m no expert.

I’ve simply found people who’ve done it before and asked for their help!

To that end I can only recommend listening to people I’ve personally had a good experience with.

Invest in Yourself First

If you want to know where to start you’ve got to invest in yourself first. I started my investing journey with a real purpose once I started reading books like Robert Kiyosaki’s “Rich Dad Poor Dad” and Steve McKnight’s “From 0 to 130 Properties in 3.5 Years”.

Robert Kiyosaki’s stuff is great to get your juices flowing with ideas but can be light on for practical application here in Australia. Steve’s stuff is perfect for Aussie investors as it’s very practical and full of local content. That said, what worked 10 years ago in Ballarat may not work right now, but it’s a great foundation. I definitely buy and read all of Steve McKnight’s books!

More recently the guys from Results Mentoring have released a book full of practical case studies called “The Real Deal” . If you want to know what they’re about and how personal mentoring might help you this is a must read!

Investment Property Advice on the Web

Google is not always your friend when there’s so much information available. How do you sort it all out?

I’d recommend Steve’s PropertyInvesting.com website for more information and a great forum where you can get advice. It is an active forum with daily updates and heaps of interaction. I check it out most days!

There’s also Somersoft which has been around since I was a boy (almost), well it seems so anyway. It’s not quite as active as PI.com but well worth a visit if you need some specific information.

Investment Property Advice near You!

The next thing to do is to network with live warm bodies!

A great resource is PropertyMeeting. Here you’ll find regular meetings in your local capital that are open to all as long as you book in advance. There may be a small cover charge to help defray costs.

Here you’ll actually be able to network and rub shoulder with real investors and get real investment property advice.

 

Real Questions from Real People

Since this blog has been active I’ve had a few specific questions about how I got started and what might work for other people. Here’s some real questions that have been put to me and my answers.

“Hi Dwight, how are you? I’ve been reading your posts……and really enjoy really them.

I have some questions for you, if its okay.

I’m currently deciding on whether I should do a mentoring program and have been looking at the Results one run by Simon and Brendan. Did you go through the same course or did you do the course run by Steve when he was still running it? How are Simon, Brendan and Tony like as mentors – do they have patience and how do their knowledge compare to other mentors out there in the market….?”

And my response…

“I did Results with Simon, Brendan etc about 3 years ago for 2 years. I loved the program, but I was pretty much geared up and really ready to do something. I needed the personal touch of an actual mentor kicking me in the butt and bouncing ideas off on the phone and in person over a coffee.

I’ve learnt over the last 10 years that when I’ve actually sought out personal mentoring I’ve acheived more, quicker and better.

If you’re just tyre kicking or not quite ready to take action a ”training” program that you can do at your own pace is a better option.”

A follow-up question was:

“I see myself more as a passive investor than active investor as I don’t have a lot of time or skill at this point in time to do the more active strategies, although I know it is a skill that one can pick up in a mentoring program (or if one is really determined and follows through). Would like to hear your views on the mentoring side of things.”

And my response:

“I too am more of a passive investor, so in the end I gravitated to cashflow positive where I;m more or less ”buying” and ”managing” my cashflow income. And yes, I felt NZ was a good fit for me after spending quite a few months trying to work out how I could make money out of sub-division, renovating and development.”

We’re all different and at varying stages of our investing journey so no one strategy will work for everybody.

I’ll talk more about my experience with RESULTS Mentoring in my next article on property investment advice – part 2.

 

Until next time,

investment property advice

investment property advice

 

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