After over forty years in property and real estate it is becoming clearer and clearer to me that buying property wholesale beats paying retail. Don’t get me wrong buying retail is better than not doing it at all, but given what I know now when you purchase wholesale you are way in front straight away.
Now you will ask “How do I do this” and I would simply say buy property in a ‘Collective.’ In other words get a group of people together and buy a property and develop it together.
This is not new or rocket science, but clearly you need to know what to buy and where to buy and there are many experienced people who do this well. The problem is there is also many out there selling education to do this and leaving people with a bit of knowledge and then offering to do it for them and charging exorbitant fees. There are others pushing people to buy property that they have a share in or property spruikers selling overpriced property that is supposedly cheap.
If what I am suggesting strikes a chord with you, I am thinking of doing this with groups of people in a collective and not just in residential, but commercial property as well.
It saddens me that there is so much opportunity for people to create wealth through property, which does not get explored and I see so many people retiring on a pension. This is crazy; there is a better way.
In due course I will be blogging about this further and if you are at all interested please feel free to email me at Bertram@itsabreeze.com.au and I will put you on a list to get first bite at the cherries that I come across.
“Real estate investing, even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth.” – Robert Kiyosaki (author of Rich Dad Poor Dad).
What I love about this idea is that you do not have to invest hundreds of thousands of dollars, because it is done in a collective where small becomes big.