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Property investors are urged to consider how much of their lifestyle they are neglecting to chase the real estate dream.
Blogger: Kevin Lee, founder, Smart Property Adviser
I’ve got some bad news.
Real bad news.
You know that ‘heavenly perfect life’ you were seduced by, when you decided to become a property investor?
Well, I’m guessing the reality might not look exactly like that.
Let’s talk about it …
On paper, investing in property sounds cool. The ‘dream’ you were sold goes something like this:
When you decided to become a property investor, you were looking forward to the free time you would have down the track, to look after yourself…
Fast forward into real time, and you’ve managed to get how many properties in your portfolio? One, two, maybe three if you’ve been lucky?
And now you’re ‘stuck’ – with no idea what to do next, or who to trust to help you keep going. Not looking quite as good as you imagined, is it?
I know because I’ve been there.
You find yourself working 50 to 60-plus hours a week. You’re trying to learn more, attending all those ‘me too’ sales pitch seminars and grabbing information on the run.
It’s hard ‘keeping it all together’, juggling all those balls.
You’re neglecting your exercise routine, your education, even your family a little.
Every night you’re falling into bed, frustrated and exhausted because ‘the dream’ isn’t happening for you.
And you’re left wondering, scratching your head, why you believed ‘them’ in the first place.
What’s the best way to take control?
So this is the deal. As a successful property investor, you do have the potential for great flexibility in your life. You just have to learn 'what works' versus 'what’s speculating' and who to trust, so you can benefit from it.
Here are some ideas of how you can do that:
Don’t let ‘the ‘dream’ kill your chances.
Take control, set goals and find a way to hold yourself accountable to your whole life, not just your investment plans.
An investment is an asset or item purchased with the expectation that it will generate income or appreciate in value in the future.
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.