Continuing Your Property Investment Education
Education not confusion! That is my goal. I am a strong believer in Property Investment Education and that is obvious from the fact that I am operating this education site for new and experienced property investors alike.
Property investment as a whole has so many different strategies to it as a whole, that investor will often get side tracked and either make horrible mistakes, or they will get so confused that they feel unable to make a choice.. Investing in property is similar to lots of other things we do, experience counts.
It does not matter what education you have had, what mentor you have, there is nothing like personal experience suggest that when you have undergone your education you sit down and choose which strategy you will use for your next property buy, whether it is your first buy or your fifth buy. At this point I would suggest that you place aside all other material regarding other strategies and for now, place them right out of your mind.
A common mistake
This applies to investors in other fields as well. The common mistake with property investing is to try and make money from different strategies on the one property.
My strong recommendation is that you keep your investment plot simple, one property at a time. There is absolutely no reason why you cannot change strategy with another property, but for now one strategy for one property is a surer way for a property investor to make their money.
For example you would not want to buy a property with the intention of using the ‘buy and hold’ strategy then 3 months after buying it you choose to sell it. The chances are that you would not make a profit. If the intention had been to buy and sell from the outset you would have been looking for a different set of criteria when purchasing the property.
You see, each strategy has a different set of criteria that makes it the money that it does.
This is why, when mixing the strategies an investor will become confused, disillusioned and give up altogether, when in actual fact they were on the right track to start with.
So, what I am trying to point out here is:
Educate Yourself, but when you actively seek a property to buy, have clear defined goals using one strategy and stick with that strategy through to the end.
Each strategy should have a purchasing criteria, but it should also have an exit strategy, in other words a criteria for when that property will be sold.
Tags: commercial, education, estate, from-the-outset, intention, mind, Moving, Property, strategies, words
