"I used to work 70 hours a week, and thought I didn't have the time for real estate investing........"
Are you working too hard?
This is a very common problem. It seems that most people have trouble getting everything done in their lives, and the thought of adding anything else can be overwhelming.
When I started as a real estate investor, I worked a busy career as a corporate executive. I worked a minimum of 70 hours a week. I had tons of stress, and I felt like I never had a chance to see my friends and family, or enjoy my life because of my work.
I realised that my options were to either keep doing what I was doing, and lead that hectic lifestyle for the next 30 years, or do something about it and follow my dream to be a full time investor.
I determined that the only time I had was about 5 hours on Saturdays and 3 hours on Sundays. I then blocked out this time to work on my real estate investing. I drove neighbourhoods, learnt market values, did house inspections, and soon developed the confidence to make offers.
Eventually I was able to walk away from my corporate career and lead the life I always dreamed of.
If you are challenged about time, you must devote whatever time you can, on a regular basis, to get started. Even if that is just 2 hours a week - just do it!
The other thing to do is examine how you spend your time currently. When I was getting started, I noticed I was watching at least an hour of TV per day (around 7 hours per week). I gave up TV and found the extra time to educate myself about investing.
The point is that anyone can get started with little or no "free" time. Just devote a small amount of time each week. Make this time an appointment that you MUST keep, and you will succeed.
Eventually you can dump the job that is stopping you from doing the things you want with your time, and ultimately have a better lifestyle - if that is your goal
When I started as a real estate investor, I worked a busy career as a corporate executive. I worked a minimum of 70 hours a week. I had tons of stress, and I felt like I never had a chance to see my friends and family, or enjoy my life because of my work.
I realised that my options were to either keep doing what I was doing, and lead that hectic lifestyle for the next 30 years, or do something about it and follow my dream to be a full time investor.
I determined that the only time I had was about 5 hours on Saturdays and 3 hours on Sundays. I then blocked out this time to work on my real estate investing. I drove neighbourhoods, learnt market values, did house inspections, and soon developed the confidence to make offers.
Eventually I was able to walk away from my corporate career and lead the life I always dreamed of.
If you are challenged about time, you must devote whatever time you can, on a regular basis, to get started. Even if that is just 2 hours a week - just do it!
The other thing to do is examine how you spend your time currently. When I was getting started, I noticed I was watching at least an hour of TV per day (around 7 hours per week). I gave up TV and found the extra time to educate myself about investing.
The point is that anyone can get started with little or no "free" time. Just devote a small amount of time each week. Make this time an appointment that you MUST keep, and you will succeed.
Eventually you can dump the job that is stopping you from doing the things you want with your time, and ultimately have a better lifestyle - if that is your goal
What is the best real estate to buy?
Today I want to share with you various types of real estate available for investing and the advantages and disadvantages of each...
COMMERCIAL PROPERTY
Some people choose commercial property. However, my experience with this type of property has been high vacancy rates which means more money out of YOUR pocket to contribute towards loan repayments, and a lower LVR.
The lower LVR indicates the lending institutions see the investment as a higher risk. The lender requires more security from YOU in the form of the deposit.
Overall commercial property can be a more expensive investment unless of course you run a business and "owner occupy" the premises.
VACANT LAND
Other people favour vacant land, but you won't earn any income from a bare block of dirt.
My preference has always been houses.
Some people choose commercial property. However, my experience with this type of property has been high vacancy rates which means more money out of YOUR pocket to contribute towards loan repayments, and a lower LVR.
The lower LVR indicates the lending institutions see the investment as a higher risk. The lender requires more security from YOU in the form of the deposit.
Overall commercial property can be a more expensive investment unless of course you run a business and "owner occupy" the premises.
VACANT LAND
Other people favour vacant land, but you won't earn any income from a bare block of dirt.
My preference has always been houses.
WHY HOUSES?
.........As an investment they perform consistently.
........ Guaranteed growth in the right area.
........ They are income producing.
........ The rent received helps to pay for the investment costs, and will eventually be in surplus.
........ Higher land content than with units/flats. (It's the land value that goes up. In the case of big unit developments all you are buying is concrete and thin air, which does not necessarily make a good investment.)
........ Low risk - if the bank will lend you up to 95% of the property value, doesn't this tell you they see it as safe?
Demand for housing will continue to increase as Australia's population increases. Just lately we have seen more and more news reports of people qeueing up for rental properties. In some cases people have been bidding higher rents against each other - just to sign the lease agreement.
In Australia residential property doubles in value every 7 - 10 years on average, and rents double every 9 years.
For you, purchasing the right property and holding onto it long term, puts you in this cycle, and on the right path to wealth. The exciting thing is ANYONE can start to invest in real estate and you don't need much money to begin.
What a lot of people don't get is.........
To Become Wealthy You Must Build a Portfolio
Of Rapidly Appreciating Real Estate Assets
Everyone tells you to build wealth through real estate, right? And there's tons of different ways to do it. But wouldn't you prefer to know how the Super-Rich do it? That way you could make ten times more than most people?
Well here's one of the secrets of the Rich...
Why Work Like A Slave When You Can Have Fun, Make More Money And Take As Many Holidays As You Want Every Year
Additional Information
........ Guaranteed growth in the right area.
........ They are income producing.
........ The rent received helps to pay for the investment costs, and will eventually be in surplus.
........ Higher land content than with units/flats. (It's the land value that goes up. In the case of big unit developments all you are buying is concrete and thin air, which does not necessarily make a good investment.)
........ Low risk - if the bank will lend you up to 95% of the property value, doesn't this tell you they see it as safe?
Demand for housing will continue to increase as Australia's population increases. Just lately we have seen more and more news reports of people qeueing up for rental properties. In some cases people have been bidding higher rents against each other - just to sign the lease agreement.
In Australia residential property doubles in value every 7 - 10 years on average, and rents double every 9 years.
For you, purchasing the right property and holding onto it long term, puts you in this cycle, and on the right path to wealth. The exciting thing is ANYONE can start to invest in real estate and you don't need much money to begin.
What a lot of people don't get is.........
To Become Wealthy You Must Build a Portfolio
Of Rapidly Appreciating Real Estate Assets
Everyone tells you to build wealth through real estate, right? And there's tons of different ways to do it. But wouldn't you prefer to know how the Super-Rich do it? That way you could make ten times more than most people?
Well here's one of the secrets of the Rich...
Why Work Like A Slave When You Can Have Fun, Make More Money And Take As Many Holidays As You Want Every Year
Additional Information
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