Despite the horror stories, investing in property is as profitable as ever. All it takes is the right mindset.

If you’re a property investor, or plan to become one, you know how tumultuous the past couple of years have been. The word “downturn” filled investors with fear and discouraged many from investing.

Wealth for Life opportunities
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Even when they go ahead, many investors get stuck at the beginning. This is why 72.8% of Australian property investors only own one property. They can’t seem to figure out what it takes to build their portfolio.

Many who buy more properties makes mistakes along the way and don’t do it right. They may fill their portfolio with low-performing properties and start bleeding money left and right.

This is what happened to our clients Glen and Pauline. When they first came to us, they had a bunch of properties taking money out of their pocket. For a long time, they’d been very frustrated with their portfolio’s performance.

Luckily, we managed to identify the biggest pain points and do some damage control. Glen and Pauline had wanted to have $150,000 in annual passive income by the time they retire. We helped them fix their portfolio and replace the weak properties with high-performing ones. As a result, they’re now looking at $200,000 per year in passive income.

The results were much better than they expected. In Glen’s words:

“After investing with Wealth for Life Institute, I now have the freedom to live my life, knowing my family’s financial future is secure.”

So, what does it take to invest in property as successfully as Glen and Pauline? Here are some of the best tips to follow:

1. Don’t Let Fear Hold You Back

When it comes to wealth creation, your mindset plays a much bigger role than you might think. You may believe it’s all about numbers and deals, but that’s not strictly the case. Unless you’re in the right frame of mind, the chances of you succeeding in property are slim.

The truth is that most Australians don’t have their minds right, especially today. Since late 2017, fear has been the dominant emotion in many Aussie’s minds. With all the talk about a downturn, this is no surprise.

And then we had the federal elections and possible threats of tax law changes. This only added to the chaos, stopping many investors in their tracks. They just sat on their hands waiting to see what would happen.

Many of them didn’t even know how those changes might affect them. They just knew they didn’t want to take any risks in such a hostile market.

In the meantime, many of those who ploughed ahead will be reaping benefits for years to come.

Remember – there are always opportunities if you know where to look. In the midst of a downturn, some people find incredible deals while everyone else sits on the sideline. Since the market always bounces back, it’s a golden opportunity to buy low and wait for price appreciation.

Instead of fearing the market, find a way to outsmart it.

2. Don’t Listen to the Media

Speaking of fear, how would you even know about a downturn if it wasn’t for those endless doom-and-gloom stories? If you owned property during that period, you might have felt the effects. But was it really as bad as the media made it out to be?

Wealth for Life fear
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Not at all – like most things hyped up by the media.

Sadly, the media may be more interested in getting clicks and selling subscriptions than informing people.

This isn’t to say that reporters lied about the downturn. They had some accurate information you could’ve used to plan your next move. But this information was nearly impossible to locate under all the negative hype.

Ask any seasoned investor about it and they’ll tell you that this is not the first time. But they’ll also tell you not to listen to the media if you want to succeed in property investment. In fact, most successful investors are successful because they don’t follow the herd. Keep your eye on finding new opportunities instead.

3. Stop Trying to Time the Market

Many investors go above and beyond to find the perfect moment. They follow macro trends, market phases, and other data to see when it makes the most sense to invest.

Wealth for Life wasting time
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However, there’s no such thing as the perfect time to invest. The downturn is all the proof you need. While most investors thought it was the worst time to start, a handful succeeded despite –  and perhaps because of – it.

But how?

By focusing on finding the right strategy rather than the right time.

There’s no shortage of ways to build a strong portfolio. For every hostile market trend, there are strategies to counter it. You only have to find the best one for the situation at hand.

4. Take Emotion Out of Investing

This is timeless advice you should always keep in mind. Very few things can impede your progress more than being too emotional when you invest.

This is because strong emotional charges make you vulnerable. This allows the seller to manipulate you into paying more than you should. You should never focus on any features that don’t directly make money for you.

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  • Pinterest
  • Gmail
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As the CEO of Wealth for Life, Anthony Peluso, puts it:

“Don’t fall in love with the property, fall in love with a deal. Fall in love with the numbers. That’s the most important thing in a property itself.”

Always remember that you’re not buying a property for yourself. You’re buying it for tenants or buyers. Instead of thinking about what you would love, you need to keep their best interest in mind.

5. Find the Right Property Managers

Let’s say you follow the above advice. You stopped getting in your own way and bought your first property or two. Now what? Are you equipped with all the skills needed to manage your portfolio?

The truth is that many investors aren’t. As a result, they miss opportunities and make some wrong moves.

Wealth for Life Property Managers
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  • Gmail
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Unless you’re an experienced investor who knows what you’re doing, you need a helping hand. Property investing is a lot more involved than it appears. You can use all the help you can get.

You’ve seen what happened with Glen and Pauline. If it wasn’t for the assist, they would’ve kept struggling with an underperforming portfolio. When in doubt, always turn to the experts for help, preferably those who have been there and done that.

The Right Time Is Now

Hopefully, you now have a more realistic picture of what the market looks like. It’s nowhere near as hostile as you might think, and there are always things you can do to succeed. Even when the overall market is in chaos, there are always opportunities you can take.

All you need to do is look closely enough.

If you need any help about how to do this, just reach out to us.

Despite the horror stories, investing in property is as profitable as ever. All it takes is the right mindset.

If you’re a property investor, or plan to become one, you know how tumultuous the past couple of years have been. The word “downturn” filled investors with fear and discouraged many from investing.

Wealth for Life opportunities
  • Facebook
  • Twitter
  • Google+
  • Pinterest
  • Gmail
  • LinkedIn

Even when they go ahead, many investors get stuck at the beginning. This is why 72.8% of Australian property investors only own one property. They can’t seem to figure out what it takes to build their portfolio.

Many who buy more properties makes mistakes along the way and don’t do it right. They may fill their portfolio with low-performing properties and start bleeding money left and right.

This is what happened to our clients Glen and Pauline. When they first came to us, they had a bunch of properties taking money out of their pocket. For a long time, they’d been very frustrated with their portfolio’s performance.

Luckily, we managed to identify the biggest pain points and do some damage control. Glen and Pauline had wanted to have $150,000 in annual passive income by the time they retire. We helped them fix their portfolio and replace the weak properties with high-performing ones. As a result, they’re now looking at $200,000 per year in passive income.

The results were much better than they expected. In Glen’s words:

“After investing with Wealth for Life Institute, I now have the freedom to live my life, knowing my family’s financial future is secure.”

So, what does it take to invest in property as successfully as Glen and Pauline? Here are some of the best tips to follow:

1. Don’t Let Fear Hold You Back

When it comes to wealth creation, your mindset plays a much bigger role than you might think. You may believe it’s all about numbers and deals, but that’s not strictly the case. Unless you’re in the right frame of mind, the chances of you succeeding in property are slim.

The truth is that most Australians don’t have their minds right, especially today. Since late 2017, fear has been the dominant emotion in many Aussie’s minds. With all the talk about a downturn, this is no surprise.

And then we had the federal elections and possible threats of tax law changes. This only added to the chaos, stopping many investors in their tracks. They just sat on their hands waiting to see what would happen.

Many of them didn’t even know how those changes might affect them. They just knew they didn’t want to take any risks in such a hostile market.

In the meantime, many of those who ploughed ahead will be reaping benefits for years to come.

Remember – there are always opportunities if you know where to look. In the midst of a downturn, some people find incredible deals while everyone else sits on the sideline. Since the market always bounces back, it’s a golden opportunity to buy low and wait for price appreciation.

Instead of fearing the market, find a way to outsmart it.

2. Don’t Listen to the Media

Speaking of fear, how would you even know about a downturn if it wasn’t for those endless doom-and-gloom stories? If you owned property during that period, you might have felt the effects. But was it really as bad as the media made it out to be?

Wealth for Life fear
  • Facebook
  • Twitter
  • Google+
  • Pinterest
  • Gmail
  • LinkedIn

Not at all – like most things hyped up by the media.

Sadly, the media may be more interested in getting clicks and selling subscriptions than informing people.

This isn’t to say that reporters lied about the downturn. They had some accurate information you could’ve used to plan your next move. But this information was nearly impossible to locate under all the negative hype.

Ask any seasoned investor about it and they’ll tell you that this is not the first time. But they’ll also tell you not to listen to the media if you want to succeed in property investment. In fact, most successful investors are successful because they don’t follow the herd. Keep your eye on finding new opportunities instead.

3. Stop Trying to Time the Market

Many investors go above and beyond to find the perfect moment. They follow macro trends, market phases, and other data to see when it makes the most sense to invest.

Wealth for Life wasting time
  • Facebook
  • Twitter
  • Google+
  • Pinterest
  • Gmail
  • LinkedIn

However, there’s no such thing as the perfect time to invest. The downturn is all the proof you need. While most investors thought it was the worst time to start, a handful succeeded despite –  and perhaps because of – it.

But how?

By focusing on finding the right strategy rather than the right time.

There’s no shortage of ways to build a strong portfolio. For every hostile market trend, there are strategies to counter it. You only have to find the best one for the situation at hand.

4. Take Emotion Out of Investing

This is timeless advice you should always keep in mind. Very few things can impede your progress more than being too emotional when you invest.

This is because strong emotional charges make you vulnerable. This allows the seller to manipulate you into paying more than you should. You should never focus on any features that don’t directly make money for you.

  • Facebook
  • Twitter
  • Google+
  • Pinterest
  • Gmail
  • LinkedIn

As the CEO of Wealth for Life, Anthony Peluso, puts it:

“Don’t fall in love with the property, fall in love with a deal. Fall in love with the numbers. That’s the most important thing in a property itself.”

Always remember that you’re not buying a property for yourself. You’re buying it for tenants or buyers. Instead of thinking about what you would love, you need to keep their best interest in mind.

5. Find the Right Property Managers

Let’s say you follow the above advice. You stopped getting in your own way and bought your first property or two. Now what? Are you equipped with all the skills needed to manage your portfolio?

The truth is that many investors aren’t. As a result, they miss opportunities and make some wrong moves.

Wealth for Life Property Managers
  • Facebook
  • Twitter
  • Google+
  • Pinterest
  • Gmail
  • LinkedIn

Unless you’re an experienced investor who knows what you’re doing, you need a helping hand. Property investing is a lot more involved than it appears. You can use all the help you can get.

You’ve seen what happened with Glen and Pauline. If it wasn’t for the assist, they would’ve kept struggling with an underperforming portfolio. When in doubt, always turn to the experts for help, preferably those who have been there and done that.

The Right Time Is Now

Hopefully, you now have a more realistic picture of what the market looks like. It’s nowhere near as hostile as you might think, and there are always things you can do to succeed. Even when the overall market is in chaos, there are always opportunities you can take.

All you need to do is look closely enough.

If you need any help about how to do this, just reach out to us.

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