When I first started investing people had a personal relationship with their bank managers, but things have changed significantly over the last few decades. The fact is when you go into a bank, you are on your own when it comes to your own financial interests. Everyone may be friendly and eager to help when you walk
I’ve said it before: it’s always been difficult to buy your first property. No matter whether it was the 1960s, 1990s or now, scrimping and saving for that deposit takes discipline and dedication. Now I admit that with property prices in Sydney skyrocketing, saving the necessary funds to buy a property has become harder still.
I know that many property investors are a little intimidated by the thought of bidding at a property auction. I can understand why – auctions are an emotional and exciting event. Even after bidding at hundreds and hundreds of auctions I must admit I still get that surge of adrenaline every time I bid. Then
Just because you’ve taken the leap from homeowner to property investor, doesn’t mean your financial fortune is assured. In fact, it doesn’t even mean that you will start making a profit in the short term, or that you are on your way to owning a sizeable portfolio. The reality is around 20% of those who
I’ve found that for most property investors to change their level of wealth, they must change. Rather than disagree, please humour me for a moment and read on… Sometimes we love change and sometimes we hate it. In fact some of us love to change and others fear it. Why is change difficult for many of us?
After all these years in property I’m still surprised at how investors decide which property to buy, but it doesn’t surprise me why so many don’t get past their first or second property. You see… many buy for emotional reasons and while others think they’re investing in property, for some they’re really speculating. By definition,