These are the suggested ways to start your investments in property business. There are certain ways and methods the successful investors in properties have practised. Over the years, they have accumulated wealth. These methodologies can be learned and copied.
Many wanted to benefit from investments. Most may not succeed due to the factors below:
a. The fear of failure.- The fear and the comfort zone gets us no where. Moving without fear does not mean that we are careless.
b. Waiting too long- The price trend is going up. The longer you wait the higher it gets. The house that I bought 10 years ago, is triple the price now.
c. Waiting to have enough knowledge. A professor once said, "the more we learn, the more we realize that there are so much more that we do not know". So do not expect to know everything, but get sufficient knowledge to get it started. We will learn more in the process of doing. Common sense and due deligence is the key to success.
d. Focus on linear incomes and not the passive.
e. Not having a system.
f. Not patient. - An expert once said, "wealth is the process to transfer the money from those who are patients to the impatient. How true it can be for a property investors. The demands and prices are cyclic. The price for your just- purchased investment may be sliding a month after you purchase it. The impatient investors may panic and sell the property at a loss.
The investment in property is a long term venture and certainly not a get-rich-quick scheme.
Many wanted to benefit from investments. Most may not succeed due to the factors below:
a. The fear of failure.- The fear and the comfort zone gets us no where. Moving without fear does not mean that we are careless.
b. Waiting too long- The price trend is going up. The longer you wait the higher it gets. The house that I bought 10 years ago, is triple the price now.
c. Waiting to have enough knowledge. A professor once said, "the more we learn, the more we realize that there are so much more that we do not know". So do not expect to know everything, but get sufficient knowledge to get it started. We will learn more in the process of doing. Common sense and due deligence is the key to success.
d. Focus on linear incomes and not the passive.
e. Not having a system.
f. Not patient. - An expert once said, "wealth is the process to transfer the money from those who are patients to the impatient. How true it can be for a property investors. The demands and prices are cyclic. The price for your just- purchased investment may be sliding a month after you purchase it. The impatient investors may panic and sell the property at a loss.
The investment in property is a long term venture and certainly not a get-rich-quick scheme.
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