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All Forum Posts by: Account Closed

Account Closed has started 3 posts and replied 8 times.

Post: Is Real Estate a business or an investment opportunity?

Account ClosedPosted
  • Durban, KwaZulu-Natal
  • Posts 8
  • Votes 4
Originally posted by @Steve DellaPelle:

@Account Closed If you invest in stock(s) you may just buy something safe and reliable, something you can kind of purchase and sit back and "collect" while you earn. You will not produce great wealth but your time is saved and spent elsewhere.

You could also invest in stock(s) and watch it closely every single day, buying and selling at specific times based on research and your gut feelings. Diversifying your portfolio and calculating percentages and allocations to maximize profits. You can likely produce great wealth but it is time consuming.

The same applies to REI and the choice is yours!

I currently trade currencies which is a very high risk investment. I have been trading currencies for about two years now but I have not yet benefited largely from it as my trading account is quite small. It takes time to build wealth through trading, especially if you are starting out with a small account. 

Post: Is Real Estate a business or an investment opportunity?

Account ClosedPosted
  • Durban, KwaZulu-Natal
  • Posts 8
  • Votes 4

@Joe Villeneuve I have been to a business plan training before and from it I got a bit of knowledge as to how to go about drafting a business plan. I am currently doing my market research on real estate investing and will add it to my business plan as I go. I'd say I am starting from rock bottom as I do not have any real experience in real estate investing. Also I think I want a mentor with whom I can work for/with so that I can learn from them by doing and gain a bit experience in the process.  

Post: Is Real Estate a business or an investment opportunity?

Account ClosedPosted
  • Durban, KwaZulu-Natal
  • Posts 8
  • Votes 4

Thank you all for your advice, I truly appreciate it. My next question is: when I finish drafting a sound business plan do you think I should seek a mentor first before I put it into action? @Joe Villeneuve @Joe LaFleur @Juan Rango @Jeff Copeland @Sam Josh 

Post: I hate this website.

Account ClosedPosted
  • Durban, KwaZulu-Natal
  • Posts 8
  • Votes 4

It is all in your mind. Fear is a limiting belief that stems from not believing in yourself and your dreams. Sure it's hard and scary when you start out, but you have to replace the fear with faith and determination and that will get you off the ground and catapult you toward your goal and dream. Also remember that no matter how hard the journey gets, you must persist and strive to reach your desired goal. Most of the time when things get hard, it is just the universe testing our character to see how bad we want what to reach our goal. 

I highly recommend that you get yourself a copy of Napolean Hill's - "Think and Grow Rich" if you haven't already read it. It will help you get in the right state of mind, but only if you put into practice the methods in the book. 

Post: Is Real Estate a business or an investment opportunity?

Account ClosedPosted
  • Durban, KwaZulu-Natal
  • Posts 8
  • Votes 4

Hey guys.

Do you think it is better to approach real estate as a business rather than an investment opportunity? Also what can be the the advantages and disadvantages to this approach? 

What advice would you give to someone who is new to the real estate industry and is looking to get into residential property estates and lodges/resorts? I know that I am dreaming big but I'm obviously going to start small and build slowly and steadily toward my goal. 

Thank you.

Post: Which is the best niche that goes well with buy and hold strategy

Account ClosedPosted
  • Durban, KwaZulu-Natal
  • Posts 8
  • Votes 4

Hey guys.

I am an interested in buy and hold investing but not quite sure which niche best suits this type of strategy. How can one decided on on which niche to use when they are still starting out as an investor? 

I would really appreciate it if you can share how you came about developing a niche for your investment. I am all ears, or rather, all eyes since I will be reading your response to this post lol. 

Thank you. :) 

Post: Starting out as novice real estate investor with no qualification

Account ClosedPosted
  • Durban, KwaZulu-Natal
  • Posts 8
  • Votes 4

Thank you so much for taking your time to reply to my post, I truly appreciate it. :-)

Aaron Linden Jen Simbolw Frederick Kirk Wendel David Zheng Wihan VanWyk

Post: Starting out as novice real estate investor with no qualification

Account ClosedPosted
  • Durban, KwaZulu-Natal
  • Posts 8
  • Votes 4

Hi guys. 

I'm new to the scene and not yet sure how things work in the real estate investing business. I have been doing research on real estate and also took the free beginners course on real estate investing here on BiggerPockets. I am interested in buy and hold investing but have not yet decided what my niche will be. 

I wanted to know where is the best place to start looking for a mentor? I hope to shadow and learn from the best investors and possibly add some value in the lives of people I get to meet. 

Hope i get a response to my post. 

Thank you.