All Forum Posts by: Terry Power

Nice work... especially with the young family in tow... well done

wow....EVEN older than me hey Rachel, hehe, just kidding :) 

I agree Tim, just finding it a little challenging in the Western Australian market is all! may have to shift to the US :-) 

Thanks David... really enjoying all the different view points and advice

Welcome along Angela, i too am new but it seems like a brilliant forum. A question for you since you are investing in Aus; do you look at the American deals and think 'that could never happen here'. I ask because our price to rent ratio are so different to USA with median house prices across Aus being around $500,000. As a wholesaler are you able to get deals at better than 70% of market value?

cheers, Terry

Wow, what a great response... thrilled to hear so many success stories. Thanks guys, much appreciated.

cheers, Terry

Thank you guys, really appreciate the injection of inspiration. Great to hear of actual stories. 

Ralph, wonderful to hear you are doing so well, may I ask what you did before entering RE?

Brian, thanks for the video clip\

Hope to catch you some more on BP

cheers, Terry

G'day from downunder,

Okay, so i'm 55...      There, i said it. 

I've worked for myself pretty much ever since i left school, i'm now a management consultant and keynote speaker in Western Australia, and for the past couple of decades i've run a fairly successful business. But now, i'm looking for something else to get excited about.

my question: is it foolish to start in this game in your mid fifties? Do you know any successful investors that began later in life (most of the podcasts guests I've seen are young or were young when they started)? If so, it'd be great to connect so i can hear the pro and cons.

Thanks in anticipation,

Terry

BTW ... part two of the story... my research led me to Bigger Pockets (what a fortuitous find), and i am now sold on the idea of property! 

Hi from downunder,

When it comes to seminars, keynotes and workshops i consider myself pretty experienced. As a professional speaker and consultant, I've been on the keynote circuit now for the best part of two decades, but i have a somewhat embarrassing story that i retell here in the hope that others are not caught.

Background: my son is in his mid 20's and comes to me and says 'dad i want to invest in property' . Great i say, but i don't know anything about it, but i've seen on my Linkedin feed a free seminar on property investing, lets go along.

On the way there, i'm briefing my son on the tricks and traps that unscrupulous providers use to hook you in, and feeling quite smug that, that wouldn't happen to me.

So i'm in the seminar, and the usual 'suspects' of entrapment begin... but as the evening unfolds, i watch my son, go from enthusiastic to 'damn i really want to do this dad'. Now, i LOVE my son and want him to succeed in life... well you can guess the rest! 

Fortunately, there is a happy ending. i came home and researched the reviews on this company ... they were scathing. I rang the company, no answer, i emailed the company, no answer. Bugger, i thought i'd done my cash ($1300 for a weekend workshop). But i persevered and DID manage to get a full refund. 

Lesson learned. My advice, stay clear of the buggers, because even if you suit up before you go, they are incredibly good at seeing the chink in your armor.

Oh, the company? 'Rich Dad, Poor Dad, Training'!

Thanks again, Engelo, much appreciated.... I'll keep exploring and when i jump in i'll be sure to post :-)