Have you got "Castaway Syndrome"?! ??
Look… I hear you.
You’re already so busy juggling the pressures of work, family and relationships…
...How are you supposed to find time to invest in the RIGHT property!?
However, if you’re like most people (and let’s face it, you probably are)...
You’re desperate to create more freedom in your life...
… generate another income stream
… spend more time with your family
… and build a legacy so you can be economically self reliant.
And I get it...
You want to move fast, and not waste any time creating the future you know you can have (and let’s face it, the future you know you deserve)
But, you struggle to find the time to wade through the endless rivers of conflicting information, trying to sort fact from fiction...
And at the end of the day, you wind up lacking the confidence to know that you are making the right choice.
The net result?
Analysis Paralysis.
The fear of letting your family down, and not being able to provide an abundant future of joy and affluence, cripples you with anxiety and internal conflict.
This all comes down to fear…
And a lack of a robust, proven strategy.
Which leads us to one of the major afflictions I see affecting property investors everywhere…
CASTAWAY SYNDROME
So many people are adrift on a sea of misinformation and doubt, with no clear understanding of where they are going or why.
… And if you don’t know where you are going, you will never get there.
You’ll be lost, stranded on an island of hopes and dreams, without ever making it to the promised land.
You need to have a clear strategy in mind when investing in property.
Just going by feelings, emotions and intuition alone can lead to catastrophic mistakes.
So, what do I mean by strategy?
Start with your end goal.
Where do you want to be in 10 years’ time? Or even 25 years?
Work backwards from there and start finding opportunities that will get you closer to this goal.
Are you trying to replace your income?
Or build an asset base?
Both?
In what time frame?
The majority of investors don’t have a specific strategy when they invest.
They simply go with their gut or latch on to whatever opportunity comes their way.
This is also why 73% of investors only ever own 1 investment property.
...and 90% never make it past 2.
You need to be strategic in your approach and understand what makes each property unique.
Understand the macro and micro indicators and you will have a much clearer picture of why a property is worth investing in.
Purchasing an off the plan luxury unit close to the city for $600,000 might sound like a wise investment when flipping through the brochure...
When you dig a little deeper though, you might find that unit growth has been falling 2-3% year on year and a majority of renters in the area are made up of families.
Being stuck with an underperforming, difficult to lease property can really slow down your progress.
Set your intentions and create a plan to reach a number that satisfies your goals.
Be Very Specific.
Having the right strategy is like adding rocket fuel to your investment journey.
And, if you are at a loss for strategy, we’re here to help.
If you want to get a plan together, take action, and move forward not backward…
Then I encourage you to book in a 15 minute call right here to speak with me or one of the team about how we can support you.
I look forward to speaking with you soon.