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From emotion to logic: Avoiding the common traps in property investment
In this episode of The Smart Property Investment Show, host Liam Garman sits down with Sam Gordon from Australian Property Scout and the School of Property to discuss property investment strategies and common mistakes.
The duo starts by discussing Sam’s 15 years of experience in property investment, which has helped him shape different strategies, showing that resilience is essential, as the path to success includes challenges and setbacks.
While the duo agrees that the best time to invest may have been years ago, the next best time is now.
According to Sam, a standard investment error is to purchase property based on emotion rather than sound logic.
He also cautions against taking advice from inexperienced professionals, which can lead to costly mistakes, while emphasising the importance of building a reliable “A-team” of qualified experts.
The duo then discuss how investors should treat their portfolios like a business, with structure and a clear strategy, starting with long-term goals and reverse engineering the steps to get there is key.
Sam also stresses that investors’ mindset and consistent planning can make or break a portfolio.
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