This is an old saying that I have known for a long time and after nearly 50 years of working as a real estate agent and now a Property Advocate, I know exactly what this means, as I have made may, many mistakes myself.
The learning has been profound as it has taught me heaps and as much as I did not enjoy making the mistakes, I chose to learn from them, rather than flagellating myself for making them.
So; you might ask; What is the biggest learning?
The answer would be to avoid many so-called property experts, whose only goal was to make money at your expense.
Examples being; Rick Otton, who was fined $18 million for making false or misleading representations about how people could create wealth through buying and selling real estate. As well as Henry K who reaped ap to 60 percent interest from a land banking scam into which mum and dad investors tipped millions of dollars.
In addition to that, there are many other pitfalls that I have experienced, and the truth is the learning has guided me to realise that the ‘Great Australian Dream’ of buying your first home with a big mortgage to live in, might NOT be the best way.
So what is a better way?
In simple terms buy your property wholesale and not retail.
This might be difficult to understand, as it does take a bit of explanation, so I have made it simple as watching a short video;
Here it is: Click on this LINK: https://youtu.be/9XoHK6uc5Oo
Of course, there are other ways as well, but here is one of the really good ones.
Warm regards
Bertram