Remember
90% of property investors never get past the first or second investment
property, so don’t follow the herd; don’t follow the strategy that most
property investors follow.
And buying
an investment property is NOT a strategy.
Residential
real estate is a high-growth, relatively low-yield investment, so I recommend a
capital growth investment strategy.
While cash
flow is important to keep you in the game, it’s capital growth that will get
you out of the rat race, so first, concentrate on building a substantial asset
base over a number of property cycles, then slowly lower your loan to value
ratios and eventually you’ll be able to live off your "Cash Machine.”
It’s too
hard to become rich the other way around — from savings or cash flow.
In other words… invest for the long term.
Wealth is
created by building a substantial asset base and you achieve this by holding
good investments for a reasonably long time, reinvesting your income, and
allowing your capital gains to build up.
Of course,
there's much more to a successful property investment strategy than that.
You
see...attaining wealth doesn’t just happen, it’s the result of a well-executed
plan.
Planning is
bringing the future into the present so you can do something about it now!
RealRenta has all the tools that a property manager has but for
less than ¼ the cost of a property manager.
Join now and the cost is less than a cup of coffee a week to manage your
rental property.
RealRenta also has a free vision, so why not check it out.
Jason Gwerder
Wednesday, 5 July 2023
