Auditing your environment
Gavin J Gallagher
Managing Director at EastPoint | Commercial Portfolio Manager | Speaker | Podcast Host | Property Investment Mentor
When I started out in property, I got lucky fast. I sold my first purchase for 5x with planning after just 6-7 months.
It was a total fluke, but it opened my eyes to the opportunity property can offer.
My next few deals were all accidental home runs and I though “this sh*t is easy!”.
Without a mentor to guide me. I mistook my lucky break for investing genius.
Then 2008 came along and... well, let’s just say it straightened me out.
I strongly believe that if I’d had mentor in my corner at the time, I might have avoided the worst excesses of the boom and not crashed and burned quite so hard.
I've never met a successful person surrounded by unsuccessful and inexperienced people.
Audit your environment. If you're a property investor, it’s probably a good idea to surround yourself with other investors, active in the market.
Collective intelligence, accountability, support and encouragement.
Your network is your net worth, after all!
Podcast # 204. The Unintended Consequences of Government Housing Policy
This week I discuss the impact that changes to government housing policy, designed to ease the market in some way, such as slowing down a rapid rise in prices, can have unforeseen, unintended and unwanted consequences.? By introducing a policy that brings about a new dynamic it can often have the complete opposite effect and drive prices up.? I hope you find this topic interesting - enjoy!
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On the Blog: How can you add value to your property assets?
When you're looking at a potential purchase, are you using the right criteria for your decision? This week's blog looks at why adding value should always be top of your list when it comes to purchasing strategy.
Why your PROPERTY'S Energy Rating Matters
In this video I cover the Irish building energy rating (BER) and the UK's energy performance certificate (EPC) and just how much attention you should be paying to the level your asset has achieved - I hope you enjoy!
Do you know a lot about investing, or might you still have a lot to learn?
There’s a simple way to find out – by taking The Property Investor Readiness Quiz.
It’ll take you no more than 4-5 minutes, and you’ll be asked 23 questions to assess you on your knowledge, your mindset and your resources. At the end of the quiz, you’ll receive an email with a personalised report providing insight and suggestions.
It’s a great way of getting an objective assessment of how you rank as an investor and ?will provide you with links to useful resources – try it below!
That’s all for this week, see you next time!
Gavin J Gallagher