Why you should start your property journey by using other peoples money to buy property instead of listening to what others tell you.
When starting out as a property investor, you’re often told that the best way to start is by building a deposit, building up the capital, and then investing for yourself. Perhaps you’ve been told to do this with rent to rent and rent to service accommodation strategies or even deal packaging.
Property investment really is not rocket science. It can be very easy to over complicate the process when starting in property. But often the ones who get the most success are those, the ones that just go out and take action.
There is a need for some form of level of education and investment in your property investing learning, but sometimes, too much information gathering can lead to analysis paralysis.
Many people have asked me recently if now is the right time to start investing in property?
Well, the answer is, of course, yes.
In fact, every time is a good time to get started investing in property.
As a former estate agent, I’ve got some real insights into what they think of you as a property investor, and it’s not what you think.
So I thought I’d share my top three tips for working with estate agents when looking for investment property to give you the best possible start.
Are you currently in full or part-time employment and looking on how to get started in property investing?
Well, you’re not alone.
As property investors, we need to think of ourselves as service providers. Not only will this change of mindset make it easier when we approach landlords, agents etc but we actually really are a service provider because we offer solutions to problems that the traditional method of sale will not fix.
If you’re still looking for below market value properties for your deals and only below market value deals, you’re doing it all wrong.
Forget about looking for those unicorn 15-20% below market value deals that may exist. They may be 1 in a 100, 1 in 1000, or 1 in 10,000; you might be looking for a needle in a haystack. And, you’ll waste a lot of time, energy and confidence trying to find those deals if that’s all you’re looking for.
When it comes to first starting out in property, I really want you to think about and be disciplined in becoming the go-to authority in your area for the strategy of focus you have chosen.
Because being the go-to authority will help you build a property portfolio, find investor finance, and build a solid network.
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