Tuesday, July 3, 2018

Here’s how to avoid the common mistakes property investors make [VIDEO]

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.  Avoid Mistakies

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 
    1-percent
  • 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
    insurance,
    buffers good team, right structures
    X factor

 

 

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