Budding a real estate invester

Two of the most common traits of budding real estate investors who never make it beyond their first property (or sometimes never even make it to their first!), are either acting too impulsively or being overly cautious and never acting at all.The first is being in too much of a hurry. They think they have to have it all yesterday.

They attend one seminar and buy into the first crazy scheme they’re sold without thinking it through and when it doesn’t make them rich overnight, they lose heart and throw in the towel, saying property just isn’t for them.The second are procrastinators and their own worst enemy.They attend every seminar, read all the books and watch all the DVD’s, only to end up overloaded with information and unable to act. 

We call this paralysis by analysis.While the former can sometimes learn from their mistakes and make a success of their investment endeavours, the latter will never overcome their fears.The best you can do is find a happy medium – sure, learn as much as possible to make you comfortable with your investment decisions, but don’t think you can ever know it all before you begin.You will always have something else to learn and the best way to gain knowledge is to immerse yourself in the game itself.

Speculation Over Patience

Most of the time property investment for beginners is hoping to become overnight millionaires.They think property will be a quick fix to their financial problems, but the truth is seeking short term gains in real estate is more about speculation than strategic investing.The primary reason that bricks and mortar is a long term prospect is that it lacks the liquidity and hence the volatility of other assets classes, such as shares.

In other words, it’s not all that easy to buy and sell property, and doing so will rarely make you rich.It takes time to sell real estate and then there are the numerous costs involved, including capital gains tax.time money spend hourglass coin. Where some might see this as a shortcoming, I see it as a strength; because property is a proven commodity that we all need, it has the tried and tested ability to provide steady, long term gains through the power of compounding.Commercial Shops for Sale in gulberg Lahore

In other words, you use the gains you make from one property to leverage into another property and then with the combined gains you make from those two properties, you buy more to add to your portfolio.Better still, you can use other people’s money (borrowed from the banks) to do so.No other commodity gives you the ability to do this so successfully.By approaching property investment with patience and persistence, you will gain far more success (and wealth) than if you seek out the “next big thing”.Securing proven, high performing property that grows consistently over the long term is the only way to ensure you make it to the top of the property ladder.