You have 0 free articles left this month.
Advertisement

How do you get started in property investing?

18 JAN 2017 By Dave Ives 1 min read Investor Strategy

If you’ve been waiting for an excuse to start your property investment journey, it’s time to take the plunge.

dave ives

How do you get started in property investing? Good question. Let me answer with another question - how do you get started at anything?

• How do you get started riding a bike?
• How do you get started playing basketball?
• How do you get started playing guitar?

And the answer is, as Nike says, “Just do it!”

How did Paul McCartney get started playing the guitar? How did Boris Becker get started playing tennis? How did Steven Spielberg get started making movies? I’m not sure because I wasn’t there, but I’ll bet it happened something like this:

• Paul McCartney picked up guitar and started plucking.
• Boris Becker picked up a tennis racket and started swinging.
• Steven Spielberg picked up a camera and started filming.

And, I’ll bet they weren’t very good at first. It probably took them a while – a long while – to become good. Then even more time to become great.

Why would property investment be any different?

How do you get started in property investment? Easy – get started.

Sounds crazy? Well, I speak from experience. That’s how I got started, I just did it. I had no idea what I was doing, I had no experience and I had no clue. But, I got started.

Getting started properly is overrated. It’s more important to get started however you can.

What was my glorious start to property investing? Are you ready for this earth shattering beginning? Ok, here goes... I bought a block of vacant land.

Are you excited yet? Do I recommend you go out and buy a block of vacant land? No – don’t do it!

But, that’s how I got started. That’s how I got in the game. That’s how I got on the playing field. And, that’s the most important thing… getting on the playing field. Once you’re on the field, you have a chance to win. As a spectator, you have no chance – you can only watch.

Can you lose? You bet. I’ve lost.

But, from my experience, the biggest losers are the ones who never got on the playing field. They’re the people telling the same old, tired, useless, regret filled stories - “shoulda, woulda, coulda.”

Get on the playing field. And stay there long enough to allow time to get good at the game. That’s what I did.

RELATED TERMS

Investment
An investment is an asset or item purchased with the expectation that it will generate income or appreciate in value in the future.
Property
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.
You need to be a member to post comments. Become a member for free today!


spi subscribe logo

Get the latest news & updates

Join a community of over 80,000 property investors.