Property Investment can and is very basic. The more basic the better in most cases. If you are not involved in property investing on a daily basis, then naturally it won't feel so basic to you when you first start out. But let me assure you, it can be made basic. If you get good advice and don't overcomplicate things. In this video I discuss: What is a basic investment strategy, What input will this need from you, what you need to consider.
Why is it that only 95% of property investors have only one property investment. Why are we stopping at one investment? Why are we not continuing on to the second investment property? I personally can relate to this. I was in there. I bought my first investment property and didn’t purchase my next one until ten years later. Why the delay? I think it’s because I bought one and sat on it. I didn't have a strategy. I didn't really given much thought to buying my first property. At the time I was pleased with myself for having come this far. So the momentum dissipated.
Property Investing Strategy - One Size Fits all? Absolutely not and never should it. My advice is to leave the 'one size fits all' approach to buying apparel. And to be honest, after seeing a personal stylist (hope you noticed!!) this isn’t a very good idea either. Everyone is different. That's why going to one person who only does one thing, can come unstuck, as this one thing they do, may not work well with your story of past, present and future. I always recommend you start wide, look at the products, and then narrow in on what is the most suitable, after getting a feel for each. Work with someone that has expansive experience.
The old, buy where you can afford and live where you can’t. The no strings attached. The liberation of not being tied to a specific address. Creating a home, without the home ownership. This rentvesting. You rent out your place of ownership and then also rent. This provides you with more living option, saving options, and balancing your financials situation for a longer term gain.