podcast

Why most property investors fail

By Staff Reporter
0

Jason Paetow, director, AllianceCorp 

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Unfortunately, 95 per cent of investors out there fail when it comes to achieving their financial goals through property. One of the biggest reasons for this is they simply don't buy enough properties. Ninety-five per cent of investors only own two properties. So when we're looking to achieve our financial goals – whether it's retirement, paying down the home loan or setting ourselves up for the future – you need to go into this with a view that you need a big portfolio. So you could be looking at up to 10 properties and holding them for anywhere between five and 10 years to give you enough equity in those properties to generate the type of lifestyle or achieve the financial goals you set out to achieve. Two properties just doesn't cut it. It's better than none, but it's not going to achieve your financial goals.

Listen to other instalments of The Smart Property Investment Show:
Episode 70: SPI special episode: buyer’s agent answers more listener questions
Episode 69: Are you a ‘lazy’ investor? Consider the benefits to working with a financial team
Episode 68: Special episode: audience discussion live from the Property Buyer Expo
Episode 67: Don’t get ‘caught up in the now’: an expert reveals his tips for success
Episode 66: Wealth distribution: how should you manage your money?
Episode 65: Real estate agents: what separates the good from the bad?
Episode 64: How this investor learned from a property blunder
Episode 63: Q&A session: the SPI team answers your questions
Episode 62: Property procrastination: the importance of finding help
Episode 61: The ins and outs of strata: what buyers should consider
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