How To Get Rich Through Property: In a recent video, I reveal 10 powerful actions that, if you do them just once, can set you up for a lifetime of passive income and financial freedom. These steps are designed to help you build a solid foundation that pays you over and over again.
From finding your first investor to choosing the perfect investment area, each of these steps only needs to be done once to unlock massive, ongoing wealth. If you want to see exactly how to get the most out of each step, I highly recommend watching the full video until the end. You can find the video at the top of the page or on my YouTube channel.
In this article, I will explain how to get rich through property by summarising these 10 steps. If you find this article helpful, please consider sharing it on social media. The more people that understand how to grow wealth, the better!
1. How To Get Rich Through Property: Get An Investor On Board
You only really need to get an investor once. The investor doesn’t have to be a top property tycoon, they could be a friend or family member with savings looking for a better return than the banks are offering. Once you have an investor, using the Buy, Refurbish, Refinance, Rent (BRRR) strategy, you can recycle that same pot of cash on multiple deals!
2. How To Get Rich Through Property: Find A Good Property Agent
You only need to find one good estate agent. This might mean talking to a lot of agents at first, but once you find one willing to pass you a good deal, you are set. Once you buy from an agent, they will be willing to pass you deals in the future. Do this once, and you are set forever!
3. How To Get Rich Through Property: Learn How to Spot A Good Deal
Once you learn how to: spot a good property deal; price up the work needed; and to estimate the potential profit, you never have to learn these skills again. Just take the time to learn these skills once, and it will pay dividends for life!
4. How To Get Rich Through Property: Set Up A Company
Learning how to set up a company can be hard the first time you do it. But once you have set everything up correctly, it is easy. In some cases, you can use the same company for different things. However, even when you need to set up different companies, it won’t be difficult once you know how it works!
5. How To Get Rich Through Property: Choose Your Investment Area
You need to choose an area to invest in. This means getting to know an area extremely well, understanding which streets are doing well and which streets are not. Get a map, printed out, and mark down the areas that are worth investing in. This will take time and research, but you only need to do it once!
6. How To Get Rich Through Property: Get A Mortgage Broker
When you are looking for a buy-to-let mortgage, you need a mortgage broker that can search the entire market for a product that fits your needs. Find a good mortgage broker once and then use them forever!
7. How To Get Rich Through Property: Find A Good Property Management Company
There are many different types of property management companies for different property niches. Some work with HMOs, some with serviced accommodation and others with standard buy-to-lets. It is important to find the right company to work with, but you only need to do that once!
8. How To Get Rich Through Property: Use Rent-to-Rents For Quick Cashflow
Rent-to-rent deals are a great way to start getting good cashflow from property. But the hardest part is getting a landlord or agent to agree to it. You will need to call a lot of different agents before you will be able to find one that will be open to a rent-to-rent agreement.
However, if you find one agent that is open to it, they will offer you more properties over time as they see how well it works. Find an agent once, have deal flow forever!
9. How To Get Rich Through Property: Set Up Your Serviced Accommodation Or Rent-to-Rent System
When you first start renting a property as serviced accommodation, whether it be your own property or a rent-to-rent deal, you will need to set up systems. You will need software to manage listings across platforms. You will need a system to manage cleaners. You will need a system to manage guest check-in and check-out. This will take some time. But the good news is, you only need to do it once!
10. How To Get Rich Through Property: Join A Property Investment Community
Finding a community of property investors is the most important step! Environment is more important than willpower. If you are around people doing amazing things, you will be motivated to succeed as well. You only need to find a community once, and you are all set. I would suggest joining our community, and a great way to do that is to attend one of our events…
How To Get Rich Through Property: Join Us!
If you want to join a community that can teach you how to get rich through property, or at least become financially free, why not join me at my next £1 training event!
On the course, you will learn how to:
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Become a property investor using other people’s money so that you can get started straight away
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Utilise the 5 different types of raised finance so that you know exactly what to offer and when
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Find the perfect properties for the BRRR strategy
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Recycle your money so that you can ‘rinse and repeat’
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Build a power team you can trust, so that you can save time and money
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And much more!
Tickets are only £1, and you can get yours here. If you are ready to take action, I hope to see you very soon!
