The more you know about the most common mistakes that investors make, the better your likelihood of building lasting wealth.
In this series of short 3 minute videos, Ahmad Imam and I discuss the common mistakes we’ve seen investors make.
Unfortunately we know most property investors fail.
20% of those who get into property investment sell up in the first year and around 50% have sold their investment property within 5 years.
Of those who stay in the game less than 10% own more than 2 properties and 1 in 200 own six or more properties
So let’s start this video series with a big picture overview of where property investors get it wrong…
Some of the points we discuss
- Most property investors fail to develop the financial freedom they deserve
- They buy the wrong properties, get the wrong finance, don’t protect their risks, or don’t review their portfolio
- Many investors don’t have a plan or strategy, others have the wrong strategy
- Many buy emotionally — near where they live, want to retire , holiday, or they fall in love
- Strategic investors review their portfolio annually
- There are always risks with investing — but there is a bigger risk of not doing anything to protect your future
- Often the biggest risks is what’s left when you think you’ve got all the risks covered — you the investor
- Risks you to need to consider—
Interest rate risks
Market risks — cycles
buffers good team, right structures
SUBSCRIBE & DON'T MISS A SINGLE EPISODE OF MICHAEL YARDNEY'S PODCAST
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
NEED HELP LISTENING TO MICHAEL YARDNEY'S PODCAST FROM YOUR PHONE OR TABLET?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
PREFER TO SUBSCRIBE VIA EMAIL?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.