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.
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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 — THINKING NEGATIVE GEARING IS A STRATEGY [VIDEO]