Maintaining Your Focus
To do well as a property investor, it is critical that you have the right knowledge, experience, techniques and strategies to use to give yourself every chance of being successful in reaching your end goal…..whatever that may be for you.
You also must have a well considered plan and doggedly stick to it and commit to carrying it out, whatever it takes. Unfortunately most people never achieve the financial independence they aspire to. The majority of those who enthusiastically begin their journey on the property investing path somehow seem to lose focus and get distracted …… they rarely develop a large enough property portfolio to reach their goals.
I have read that there are around 1.4 million property investors in Australia. Most of those investors buy one investment property only and never get to stage of buying a second property. The percentage of property investors that go on to buy five or more properties is 0.5%. Assuming most of investors decide to go down the path of investing in property with the aim to assist in reaching financial independence, what is it that stops them from achieving this?
Let’s be realistic, one or two investment properties are not going to get you to your goals……it helps, but you will need many more properties in order to have a substantial enough property portfolio to become financially independent.
Over the years I have spoken to many “Property Friends” about this very issue. I have provided lots of encouragement and support to help team members get over some of the typical mindset fallacies that can inhibit your progress and detour you away from your original plans. If you are really serious in this game, one must maintain focus and endeavour to keep accumulating property on a regular basis.
You keep doing this over and over again until you reach the very goal that you committed to when you first started investing.
Here’s a challenge for you. Think about what you can do today to get the ball rolling on buying your next investment property….. then GO AHEAD and DO IT!
Suggestion : Why not contact us at Property Friends to see what deals we have coming up…..perhaps we have something that perfectly fits your criteria and circumstances. Remember we do all the sourcing, negotiating and contracting work for you. The result being – you end up with a brand new turn key property optimised for maximum tax depreciation in an area earmarked for significant capital and rental growth……plus+++++++ because of our buying power as a group you end up with $$$$ EQUITY ALREADY BUILT IN AT SETTLEMENT. $$$$
For daily property investment updates follow our Facebook page here.
Property Friends is a specialist Property Investment Strategist that provides solutions for people aspiring to financial independence, choices in retirement, or leaving a legacy. www.propertyfriends.com.au (03) 9758 5331