In this week's show Simon discusses the seven most common reasons or excuses he hears, for people not wanting to begin their property investment journey, and why with just a little insight and re-framing, you can overcome any of them!
Many see a lack of capital upfront as a stumbling block, but there are many creative strategies out there that require no money to get going.
Deal sourcing on behalf of others is a superb way of making money for yourself, building relationships with investors, and helping to build a more robust knowledge base for yourself.
Everyone has 24 hours in a day. If others can find the time to create wealth and others can't? It all comes down to making the decision to take action, and making this action a priority.
Work with motivated sellers - finding them is key. Only buy properties in areas with strong rental demand. Only buy properties that can provide you with cash-flow today! And remember that you're buying for the long term, and always have a cash-buffer.
'These might seem like very valid reasons, but they're really just excuses'
'There are creative strategies where you don't need to put in a lot of money'
'It boils down to a lack of knowledge, and a lack of mind-set and belief'
'Learning how to find really good deals is one of the best things you can do'
Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi
To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).
Register at Mindset For Property at - www.mindsetforproperty.co.uk
ABOUT THE HOST
Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.
Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk. pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.
Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way. How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.
Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.
Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.