Sometimes the hardest part of becoming a successful property investor is getting started.
Everyone makes mistakes along the way, particularly when it comes to your first investment property.
That’s why it was so important for us to develop these articles to help guide you through the process and avoid the typical mistakes made by the beginners.
I was having my hair cut the other day when Joseph my barber said, “Michael – I’m going to get into property investing and I’m going to make a fortune because I’ve learned how to invest like the pros!” Each time I visit Joseph the conversation seems to revolve around property, but when I heard…
Property investing may be simple, but it’s not easy – And that’s not a play on words. When you look at the statistics and see that most investors never get past their second property, you realise that most who get into real estate won’t achieve the financial freedom they were looking for. While it’s possible to…
Buying your very first home can be both an exciting and daunting process. Navigating the maze of finance, home loans and the property market can be challenging for even seasoned investors. So how are the newcomers meant to get their foot into the property market? The good news is there are lots of options and…
Recently one of my sons, who has taken a keen interest in property investment, asked: “Dad – what’s the worst advice you’ve ever been given on real estate investing and what’s the best advice you could give me?” The worst advice: I explained that the worst real estate investment advice I was given was that…
You’ve heard me say it before… not all properties make good investments, and not all investors will profit from their real estate pursuits. So what’s the difference between those who succeed at property investing and those who struggle to get ahead and fail to make any serious progress towards their wealth goals? More often than…
Worst advice ever I read a blog titled, “The 6 biggest property investment myths”. You won’t believe the rubbish it was filled with. The introduction was ironic… “Misinformation can stop your property portfolio in its tracks. Make yourself aware of the most common investment myths to separate fact from fiction.” The blog then started off…
Property investment is not something you should ever enter into lightly. But for some reason, that’s what a lot of people who have dreams of making millions with real estate do. They think, ‘I can go out, buy a house somewhere, stick some tenants in it to pay the mortgage and make a killing! How…
It seems there is more pain in store for first home buyers. For the third year running first home buyer numbers are tipped to drop as further cuts could fuel property values, according to comparison website finder.com.au[1]. Falling interest rates will bring more pain to prospective home buyers this year, with many first home buyers likely to be…
Warren Buffet is arguably the greatest investor of all time. He has a great track record of creating and maintaining his wealth through share investments, but many of his principles also apply to property investors. So let’s look at some of Buffet’s investment principles and see how we can apply them to our property investing….
Dr Shane Oliver, Chief Economist at AMP Capital Investors wrote an insightful report last year on investor psychology and counter cyclical investing. He says: “Sometimes being at one with a crowd can be nice, eg at rock concerts it adds to the ambience and safety in numbers can provide comfort. However, when crowds turn they…
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