How this 32-year-old built a $2.5m property portfolio
Being a first-generation migrant who saw his parents work hard for everything they had, this property investor used it a...
While they admit that they don’t have a crystal ball, OpenCorp's directors are confident that property prices will continue to grow beyond 2021.
Seasoned property experts Cam McLellan and Michael Beresford believe that while it isn’t hard to invest in property, it requires a different way of thinking about money.
But with dedication to a goal and a long-term view in mind, the pair believe that “amazing things are possible”.
And while there are a number of things prospective property investors must consider before picking up the keys to their first property, there is also a long list of things to avoid that could make a difference between success and failure.
The golden list of what not to do as a property investor includes:
And while the pair believe that education and research are keys to smart investing, they warn of analysis paralysis.
“If you spend all your time trying to find the deal of a lifetime, you may pass up good investment opportunities along the way and end up missing out in the long term. Do your research and then take the plunge.
“Enjoy the rush that comes from taking action.”
Property refers to either a tangible or intangible item that an individual or business has legal rights or ownership of, such as houses, cars, stocks or bond certificates.