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August 9, 2017
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.
August 9, 2017
Now this isn't a slog at 'Old School' thinking and way of doing things. For many things, the 'Old School' formulas work over and over again. My point is here, that sometimes, 'old school' thinking can keep us in place that doesn't allow us to open up and change. Resulting in letting other opportunities bypass - because only know one way of doing things. When it comes to property investment, it really pays to listen to the experts. Family and friends may have opinions on this subject, but if you want to optimise your approach to be really successful, then be aware of 'old school' ideas that may limit you! Watch the video to find out my top 3 myths around investing in property.
September 5, 2017
Sydney auction clearance rate is slightly down. But before we make assumptions that the Sydney market isn’t performing as well as it was, take note of the increase in the number of properties listed and the fact that there are less buyers in the market. And don't take notice of everything you see and read. Do your homework and discern between what's media smoke / speculation and what is actual fact. Stay away from regional areas unless you have done a very thorough investigation, and more so if this is your firs property investment.
September 5, 2017
From where I sit there are not a lot of positives about negative gearing. I made the mistake of negative gearing when I first entered the property market 15 years ago. I am now a lot more experienced and knowledgeable, and hence see negative gearings as not the best property investing strategy to undertake. You may be playing the 'tax element', but it can work more against you then for you.
