Property Investment Success, Property Investment Success
Propaganda in the media and the uncertainty in the South African Economy, has left many investors confused and even scared.
However, one sure thing, in these uncertain times, is that some property investors will thrive by taking advantage of this wonky market.
Now I am not saying that one should jump in head first! What I am saying is that if you know how to invest in property, the Wealth Creators way, the best way to reach financial freedom is that you can invest in property anywhere in the world in any market and still achieve greatness.
So let me share with you these four rules that successful investors will use to guarantee their success worldwide.
1. It is a long-term thing
“Wealth is the transfer of money from the impatient to the patient.” Warren Buffet.
Property investment has always been and will always be a long-term investment. There is no instant gratification with property investments.
If you invest in the right property, you will only reap the rewards after some time. But you will reap the rewards.
It is like the saying goes, don’t wait to invest in property, invest in property and wait.
2. Do your homework, thoroughly
Even though the majority of property investors out there today think they are “investing” in property. The truth is that most of them are guessing and speculating. They base their decisions on unproven assumptions and the words of the so-called professionals.
Not on the maths.
And the problem is they don’t know that they don’t know what they are supposed to know – Confokulation.
Now all investments come with some risk, but you can, and must plan for it. You want to mitigate your risk if you’re going to succeed in property investment. And if you are confokulated, you won’t know how to do this.
However, successful investors do.
They make their decisions based on research, fact, fundamentals, and knowledge.
They calculate the growth on their investment, taking risk into consideration. Most of the time before they even look at the property.
If the calculations do not pan out, they will move on. Thus they are avoiding the risk entirely.
3. Prepare for the hard years and understand the cycles
Property has cycles. Then it is up then it is down. It is inevitable. It keeps happening no matter what you do. If property is in a good cycle, you know there is a bad cycle coming and vice versa.
When it is a good cycle, everyone is an optimist, and when it is bad, everyone is a pessimist.
That is why it is essential to stop listening to emotion and start focusing on the numbers.
The numbers will tell you if a property is a good investment, regardless of which cycle we are in. And most often than not, when the market is “crashing” that is where you tend to find the hidden gems.
Now successful property investors know to prepare for the hard times, and the only way to prepare is to do the calculations.
4. Know where the real risk lies
Most people believe that the “higher your risk is the higher your growth will be”, but as we have proven numerous times here at the Wealth Creators Method that that is simply not the case.
While most investors think the risk lies in the property, the market or factors outside their control, the successful investors know that the biggest risk lies within themselves, their knowledge, skills, experience, and mindsets.
The successful investors always invest in themselves first before investing in property. They will go to any means necessary to educate themselves with the knowledge that is required of them.
Now whether you are a beginner or a seasoned property investor, we love to educate people on how to become financially free the Wealth Creators way. The way we and thousands of our students have been doing it for years. The best investment you can make is to invest in yourself first.
If you would like us to help you with your quest for financial freedom, visit our website today https://wealthcreatorsmethod.com/ or contact the office via email or phone 012 542-4560 / 012 542-1383 and let’s see how we can get you to the next level.
4 Rules for Property Investment Success
4 Rules for Property Investment Success
