Property investment is considered to be one of the surest long term ways to build wealth. People spend years getting a deposit together for their first investment property either in terms of building equity in their house or saving the cash.
At the same time a person is gaining their education regarding property investing and the strategies that are on offer in the industry.
The mere fact that property investing is new to them can at times make it hard for an investor to take the plunge and buy their first property. This need not be the case if they have undertaken sufficient education and have gathered together some experienced advisors around them.
New Investors Often Suffer From Analysis Paralysis
Analysis paralysis is when an investor has collected pages and pages of information, sometimes views hundreds of properties, but still cannot make themselves take the plunge and go to contract.
Several reasons that investors suffer from this state of mind is that they “cannot make up their mind because they have looked at so many properties” or they “don’t have the confidence” and cannot put their finger on why.
Clear Focus Helps Make Buying Decisions
When an investor has been able to define their buying criteria they can then short list properties to suit their needs. When you’re able to do this then you don’t need to be looking at ‘hundreds’ of properties, properties that don’t fit within your buying criteria.
Steps To Take To Get Focus…
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Paul Wilson is an Independent Property Investing Expert and the founder of We Find Houses, Educating Property Investors & We Find Finance. Paul provides valuable, independent guidance and support by teaching strategies on how you can invest successfully while protecting yourself from commission hungry sales agents and property spruikers.
Protect yourself with knowledge, contact Paul today for a complimentary consultation
on 1800 600 890 or email firstname.lastname@example.org
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