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.
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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…
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…
There are a number of reasons why a person may want to invest in property, but they never actually get around to it. They have all the best intentions and they really, truly want to take action. They do the research. They listen to podcasts, attend the webinars and buy the courses. They get educated,…
So after a few years of hard work, you’ve got a neat little fund set up, and you know that one of the best long-term ways to invest your money is to put it in property. You’ve heard the success stories of million-dollar portfolios, of investors who have managed to retire early on high-growth properties…
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…
Is it just me, or does there appear to be a rise in Spruikers around recently? They seem to be popping up everywhere, especially on most social media channels, where they seem to be thriving. They tend to be on amazing beaches with pretty women and fast cars offering incredible solutions to solve life’s common…
Just look what’s happened to Qantas and Virgin. Like many other businesses they are being crushed by the COVID-19 economic slowdown. Qantas lost billions of dollars and has shed thousands of employees. Virgin went broke and similarly its employees, including pilots, are facing layoffs or job losses. While a gate attendant might easily transition into…
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…
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…
If you are confused by the abundance of advice out there on how to get into the property game, perhaps it is better to start with the hazards to avoid. Having guided investors for many years now I’m privy to the mistakes that many beginning property investors make – and interestingly, they can generally be avoided…
