How You Can Be 3-7 Years Away From A Multi-Million Dollar Property Portfolio
Many of us did not get the privilege of learning how to become financially abundant during our schooling years – in fact, the education curriculum didn’t even cover taxes let alone how to structure a basic budget. It’s no wonder then that so many people don’t realise how close they are to being able to create a multi-million dollar property portfolio that has the potential to set them up for life!
Let’s explore this further.
Using real estate to become a successful property investor is underpinned by one very important philosophy – profits are better than wages.
Fundamentally, we get into the game to make money from steady and increasing income which creates a profit from the properties we own. On the other hand, wages are money exchanged for time, skills and labour. You don’t put in the hard yakka – you don’t get paid.
For some this may be ok, but for others there comes a time in life when they’re ready to work less hours for someone else, to concentrate on other things they love while still getting paid.
The answer to this equation is real estate.
THE GOAL OF AN INVESTOR
The goal of property investors in the market is to target optimistic returns.
If you fully accept that profits are better than wages, it will serve you well for a lifetime. I wish somebody had taught it to me at school, but I went for 12 years without hearing it once. It wasn’t even mentioned at the real estate college I attended.
Understand that companies, banks and institutions are all hunting profits and that they’re all hunting in the same safari park as you – the Australian property market.
Yes, learning how to create your own profits comes with time and experience but the payoff is worth it.
WHY DON’T MORE PEOPLE INVEST IN PROPERTY?
However, this does beg the question – if property investing is such a smart and lucrative profit making machine then why don’t more people do it? As a professional who’s worked in the industry all my life, it still surprises me that more people aren’t scrambling to have a cluster of properties all working for them to generate passive income. The reality is that for most, owning multiple properties simply feels out of reach.
On top of this, many don’t know where to begin when it comes to creating long-term sustainable wealth for themselves.
WE MUST SEEK THE KNOWLEDGE WE NEVER GOT
You would think that in the privileged country of Australia, wealth creation would be passed down from one generation to the next; a parent would coach their child and so on.
These invaluable lessons and strategies would find themselves into the education system and we, as a nation, would empower our citizens with the sensible means of becoming prosperous!
However, very few people obtain the necessary education to make sound financial decisions. For many of us – our upbringing did not embrace the art of wealth creation. For the majority of Australians, the success that is ‘making money’ is entirely misunderstood and seems unattainable.
I mean, one can go to school and be educated for 12 years in Australia and still graduate with no economic understanding whatsoever.
So, we actually have to seek the knowledge as we grow.
REAL ESTATE CAN CHANGE YOUR LIFE
When I realised that I could create riches by using controlled debt, and leverage it into real estate to make millions, naturally my world changed forever.
Yours can too!
The only caveat is that you need to have an open mind. I want you to recognise that no matter what your background; there are major opportunities available to you through real estate, but you have to be willing to grab them with both hands.
BUILD YOUR PORTFOLIO TODAY
A person with drive and initiative is no more than three to seven years away from a multi-million dollar and self-sustaining property portfolio. It just takes support from the right people to get you started.
Join our team of real estate experts at one of our free investing seminars. These special events are run by real-world property gurus who know how to get you into a position where you’re creating real profits from increasing levels of passive income.
Spots are limited so book now!
These days property comes in all shapes and sizes, giving property investors more options than ever before. The question on everyone’s lips when it comes to the house vs apartment investment equation, is how do you truly know which is better?
This article is about the all monies mortgage clause and how it can potentially affect your property investment. When you signed your bank loan agreement to secure funds for a mortgage, did your contract contain an all monies mortgage clause?
Real estate is a game of winning or losing, and as a professional property strategist, in order to get to where I am today, I can honestly say I’ve experienced the full spectrum. But to understand how I’ve managed to turn any loss I’ve had into a gain and support others to do the same, it helps to know where it all began.
To succeed as a property investor, there is one fundamental component you need – a plan. You need a plan that leaves no bases uncovered that would potentially cause issues in the future. Don’t have a plan? Well, you can use my basic road map!
When you analyse a deal, it is wise to take it through the following four steps to ensure you have a basic level understanding of the property itself and how it fits into its environment…
Buying off the plan can be a great purchasing strategy for property investors because it allows us to create equity for a small amount of money upfront.
In this article we explore what buying off the plan is, and what factors you need to consider in order to go through the process smoothly.
Within any market – primary or secondary, there are indicators of the market’s ability to perform. When we understand what these market drivers are, we can organise our investment properties into locations that are primed for growth. The ‘Location, location, location’ is actually derived from more than just a post-code. These buying factors are split up into two groups – macro drivers and mirco drivers…
Buying an investment property and growing a portfolio that is going to generate long-term wealth is a discipline of business. In basic terms, this means you have to have a clear understanding of how you’re going to maximise your profits. Because of this, every investor needs to be able to develop a cash on cash strategy to help bank roll their property endeavours to ensure they have a functional and profitable business model.
Wealth is a habit; and rich people have the habit of living well. They pass that on, they teach, share, network and help each other. The fact remains, those you surround yourself with, do have a high impact on your ability to create and sustain wealth.
Lending money to invest in real estate binds property investment together. Without taking on debt or risk, the average person will seldom advance financially in life. Without borrowing money, we as investors would be limited and completely stuck.
It’s important that lending is discussed, and investors recognise and understand the best type of investment loans. Here are three very simple rules to follow when borrowing funds for investing.