Starting on the property investor road is going to be a lot easier if you have money.
It’s important not to be scared of Money as it is not just a “tool” for buying property. Many people I meet talk about issues with money and why they can’t afford certain things and why they must save for their retirement. Fact is it’s not the money that is the issue it’s pretty much always the person in question or their BELIEFS ABOUT MONEY.
There are always risks when buying any investment but if you do the right due diligence up front you should be able to mitigate as much risk as possible. With the 2007/2008 banking crisis/credit crunch greed had taken over and money was just too easy to come by and in my opinion a nightmare for newbie property investors – many got burned and lost money with some still paying it off. This was and is down to investing in the WRONG WAY.
As you may have heard of the statement ‘buy low and sell high’. Well it is a golden rule out there and it’s not to be ignored. We are now at the bottom of a new property boom and the time to start is NOW! 2014 is a key year for seasoned investors because they see this as the start and will offer you cash for good returns. The banks have not yet turned and still offer very low rates of return for your savings.
Property is a critical part of life by way of shelter and we all need it so property will never go away. In 2014 we are still way short of the amount of new houses we need in the UK so demand is high and supply is down. This means one thing – there is money to be made.
The media, and the world in general, is very aware that people are making money from property investments which means many more are aware of this and so it’s much easier to convince a possible investor of your proposal to hand over money.
When I started out I tried just about all there was that would make me a million over night and to my shock horror discovered that property is not a get quick investment. I started trying to talk with banks and mortgage advisors, then accountants and solicitors and of course friends and family. Nobody would even entertain my plan for overnight success because they said I have no money and only rich people buy investment properties.
As I had absolutely no experience whatsoever and yes, I failed to make a penny.
So at this point I searched and searched for a mentor to show me how. The first thing you come across is how many there are that promise the world for massive amounts of money in return, but I can tell you from experience that few deliver on their promises and even less bother to speak with you let alone email. It’s a real slap in the face since they are the ones preaching how easy it is to contact people and how amazing they are.
You, like me, probably don’t want to part with your hard earned cash to an overzealous public speaker who actually knows little about what you need and where lots of hype can cloud your judgment.
FIND YOURSELF A GOOD MENTOR
What I learnt has enabled me to make you a lot of money and if you truly want to make money in property investing you need to do the same. No matter what your strategy there is a formula for success. It’s so simple when you know how but make no mistakes, you will also have to work very hard and be prepared to make some sacrifices as I did through this time.
Be under no illusion – a good mentor is always going to cost you money. This part you cannot get for free. However, if you’re one of those who likes a good return on investment then with the right mentor you should get your money back within one or two good deals.
The reason I am telling you this is that I went around the houses looking for the right solution to my needs and went on many of the courses spending stupid amounts of money.
You see, as you will read I believe strongly in sharing knowledge and you will get tons of it right here in my blog.
There are so many so called experts that just do not give you enough information to make it. They just hand you little bits of info that you could destroy yourself with if you don’t use it right.
A lot of the people who have also invested in courses go on to do……..
Please do not let YOU be one of these people. It would be a terrible waste of your time and investment. Action is key and the fact that you have taken the time to read this blog means you are already taking action.
This will take commitment. You will need to spend at least 10-15 hours per week on creating, maintaining and growing your business, and keep on going until you have it perfected. Ask yourself, are you really here to make this work and make a profit? If not then it’s better to close up this blog now and move on back to the daily job you get up for each day and either travel on public transport or drive for miles on a congested highway.
Some people are better suited to a life working for others. I don’t mean to be so blunt but I just want to save you mountains of wasted time and a lot of money.
There are times in your life where you have had to pluck up courage to do something that you didn’t feel right about. Something like climbing a tree when you feared falling or were just scared of the height.
Well property investing will produce those from time to time and the people who win push through these times.
I’m not telling you it’s going to be easy, I’m telling you it will be worth it.
This leads me into courage. Courage is not being stubborn with an “I’ll show them” attitude. It is getting up after each and every knock down, to, continue on with your dream of financial freedom and a happy relaxing retirement that is stress free.
Look, I’m here to try and make your life a better one. My goal is to help you improve the quality of your life through financial independence from profits earned through property investment and your property business.
I have learnt that everything you do in life has some effect on someone else somewhere at some time.
Make sure what you do is done with integrity and honesty. Get mad with junk you that tells you to get rich quick. STOP procrastinating and STOP thinking you can do this by yourself.
If you are still with me then I will assume you are with me until the end and are really willing to learn all you can about this great business.
This all depends on YOU and how much YOU want it…
Make this the time that you actually go out and follow what you read here. It will truly change your life for the better.
Ask yourself what you are worth. £1,000 per month? £10,000 per month? £50,000 per month. You decide and then start doing what it will take to reach your income goals.
Focus on the big picture, set goals that are realistic and achievable but at the same time push yourself beyond what you normally expect.
Ok, some more reality for you. Most people think of £50,000 a year to be a something to talk about and I too used to think the same way. Hey, I used to brag about a £100,000 to my so called friends in the work place.
It will not happen in your business immediately but it will happen once you build up the momentum and put in place everything you learn.
Just go back 5 years in your life. Think what you were doing. Think where you were living. Now think about what you planned to do in the next 5 years which is exactly where you are now. Have you done what you said you would? Are you living the dreams you dreamed?
Now bring yourself back to today and think about what you are planning for the next 5 years. Have you started to do what it takes? I bet you don’t plan to earn less and you don’t plan to live in the worst house you can imagine.
Or, can you see that brand new BMW sitting on your large drive in front of your beautiful house that you chose because you like it and not because it’s what you could afford?
If you don’t want to WASTE another 5 years making the total wasted to 10 years, then get off your butt now and start doing what it takes.
I can only help you so much when you read this blog – there is a lot more you need to know before heading out and getting started otherwise you will trip over and make a ton of mistakes.
As I mentioned before I run a beginner’s property investment course Two Saturdays per month for an entire day where I will run you through the strategies to get you started and explain some advanced strategies too. We will also work on your very own plan and focus on your skills to ensure you are comfortable dealing with agents and people from your chosen area which we will also help you establish.
Please email me directly if you have any questions about this blog or the beginner’s day workshop or just help in general.
In the meantime take a look at our website dedicated to beginners like you for some up to date tips and valuable information on how to get started including various FREE ebooks. http://thepropertyinvestorcompany.co.uk/property-investor-newbies/?
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