What most property groups get wrong about investment strategy

When it comes to making decisions – with anything i life – confidence is key.

If you don’t have confidence as a property investor, it’s pretty safe to say you’ll probably be stuck on the starting block…

Because with a lack of confidence, comes indecision.

And do you know what comes with indecision?

Well, unfortunately, when it comes to the property market, indecision usually results on you missing out on an opportunity – where all of a sudden it’s 5 years down the track and you regret not making the most of what could’ve been.

We see it all too much.

So, before you can get set as a property investor – regardless of whether you’re doing it solo, or choosing to work alongside an company like Propell – building up a strong level of confidence is paramount.

Wondering how?

Well, our clients have found these three things pretty handy when it comes to taking that next step:

1. Grow your knowledge

   There’s no shortage of self proclaimed experts out there ready to take advantage of unassuming and very excitable potential investors. That’s why putting yourself in a position of knowledge and understanding is so, SO important.

   To be honest, I don’t expect you to just blindly trust what I say. To be confident in any decision in life, there’s no doubt you have to take a little bit of time to truly understand your options – whether it’s investing in property, taking a new job, or even travelling.

   Growing your knowledge of the property world, how investment works, and your potential opportunities is what really counts to ensuring you can feel confident as a property investor.

   Well known property research companies like CoreLogic post a glutton of incredibly informative news and research articles that will help you grow your understanding of the property market.

   That being said, at Propell, we’re all about creating a holistic property investment journey – from providing plenty of research backed information – sourced from companies like CoreLogic or Domain, to help inform you (in the form of blogs, and social media posts), all the way through to working alongside you throughout every stage of your buying process.

   That’s why we have a number of blog posts that’ll help you on your journey to grow your knowledge and confidence – you might be wondering about Duplex or apartment investing, the difference between wholesale and retail developments, or some common misconceptions you might see. Each blog is there to help you grow as an investor, regardless of whether you’re brand new to the property world, or a seasoned veteran!

2. Find a TEAM you can trust

   Regardless of the situation – whether it’s a team sport, business, or financial decision, a strong performance hinges on having a great team.

   Not just a good team on paper – one that you can actually trust.

   You can’t have a winning sports team without a good coach, or a successful business without an effective leader. And equally, every successful team always has some great role players to help get the job done…

   So why would property investment be any different?

   Here are some key people you may want to speak to throughout your property investment journey:

   • Property Advisor
   • Solicitor
   • Accountant
   • Financial Planner

   As an investor, having a strong team by your side is what can make or break your confidence. Your team will help you through each and every stage of the property journey, from breaking down your financial position, to making sure any damage in your property is repaired.

3. Take ACTION

   First thing’s first (despite it being the last thing I mention), it’s up to YOU to take that first step.

   It might be as simple as reading through this blog, and a couple of the others I mentioned before to get up to speed on what your investment journey could look like…

   It could be chatting to a friend or loved one about property and any potential opportunities.

   At the end of the day, regardless of what you do, action creates momentum.

   And what does momentum create?

   Simple – more momentum to help bring your goals to life.

   It sounds pretty clichéd, but it truly works.

And of course, if you have a question, or would like to chat more about how we can help you as a property investor, feel free to reach out!

Get in contact, or give us a call on 1300 776 735 – we’re always happy to help.