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By Michael Yardney
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How long will it take me to become financially independent through property? | Common investor mistakes [Video]

Today we discuss how long (and why) it takes a property investor to become financially independent.

You may not like the answer.

This is part of a series of How to Avoid the Common Investor Mistakes videos,  so that you won't make the same errors in the beginning investors to.

How long it takes a property investor to become financially independent | Common investors mistakes

Watch as we explain:

  • It often takes 30 years to develop financial independence through property;
  • The first 10 years you tend to lean what not to do as you try out a number of systems, and strategies;
  • Then you have to build a substantial asset base and next;
  • 50% of those who buy an investment property sell up in the first five years;
  • 90% of property investors never get past their first or second property
  • Sure you’ll get emails in your inbox telling you to go along to a seminar or watch a webinar where you can buy 7 properties in 7 minutes, or that you can buy property with no money down or buy a property with your lunch money;
  • Property is not a get-rich-quick scheme, but people are in a hurry so many look for the next hot spot;
  • Some ideas about how you can shorten that 30-year time frame including getting a mentor.

You may also want to watch:

HOW TO AVOID COMMON INVESTOR MISTAKES — NOT REALISING THE IMPORTANCE OF LOCATION [VIDEO]

HOW TO AVOID COMMON INVESTOR MISTAKES — THINKING NEGATIVE GEARING IS A STRATEGY [VIDEO]

About Michael Yardney Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. His opinions are regularly featured in the media.
2 comments

Hi Michael, if an investor has built a portfolio of 7 properties in 7 years, does it not mean that he/she has found their own path to financial independence? And vice versa, if they get stuck with one property after the full property cycle (7-10 year ...Read full version

1 reply

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