HOW TO BECOME A PROFESSIONAL PROPERTY MILLIONAIRE
By Ryan Crawford, Group Managing Director of Crawford Property Group
Figures from the Australian Bureau of Statistics show that even though around 70% of households are home owners, only 21% or around one in five households own a property other than their own home.
The reality is that most people dream of becoming a millionaire and over the years I have met many people who have become millionaires through property investment. In fact, more millionaires make their millions through property than any other investment vehicle.
In my career I have found that successful property millionaires adopt a professional approach to investing. They do not achieve their success through luck.
This is a theme which was revealed by one of the largest studies of millionaires who have created wealth themselves. The study in the USA was undertaken by Dr Thomas J Stanley and his findings were published in a book called ‘Millionaires Mind.’
The study of more than 1,000 millionaires found that some of the key attributes they shared on their journey to becoming a self-made millionaire included:
• They did not follow the crowd mentality
• They prepare and plan to succeed
• Most acted on economic opportunity that others just ignored and have
willingness to take financial risk.
• Tend to buy homes when others are selling
• Focus energy to maximize the return on effort
• Think of success, not failure
Creating wealth through investing clearly comes from developing a very positive a state of mind and professional approach to investing this is underlined by a by-line in the book:
"Others can stop you temporarily, but only you can do it permanently."
Crawford Realty is helping a growing number of people to become property millionaires by assisting them to take a professional approach to property investing.
Rather than just owning one investment property, our clients have accumulated a portfolio of high capital growth/high rental yielding homes, to create large, passive income earning portfolios.
You can read some of their success stories on our website like such as Evelyn Thomas who has now a property portfolio valued at over $2 million or Katie Joy who is now retired at a young age with a property portfolio of more than $4 million.
Both Katie, Evelyn and the many other clients we have helped to become property millionaires are ordinary people who earned average wages before embarking on their path to becoming professional property investors.
Instead of buying negatively geared properties like most investors in Australia, all of these people seized the opportunity of buying positively geared properties through our company after undertaking careful research.
Their courage is now being fully rewarded and I hope their success stories will inspire other people to follow in their footsteps.
The above information is supplied by Crawford Realty.
Disclaimer: while due care is taken, the viewpoints expressed by sponsors do not necessarily reflect the opinions of Your Investment Property.
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