Is Property Investment Really Worth It?: There are many myths that prevent people getting into property investment. Some people think property investment is too risky. Some people think all debt is bad. Other people say that you need a lot of capital to get into property. In a recent video, I methodically bust all those myths and more!
For a full debunk of the top 10 myths about property investment, I highly recommend watching the full video at the top of the page until the end! In this article, I will give you a summary of 5 of those top myths and exactly why they are wrong!
Is Property Investment Really Worth It? Myth #1 Property Investment Is Too Risky
Risky compared to what? Compared to leaving money in the bank where its purchasing power is eaten away by inflation? Compared to volatile cryptocurrency investments? Compared to gold and silver, that are too risky for the banks to lend you money to buy? Banks give you mortgages on property because it is known to be a safe investment! Overtime, property goes up in value. Compared to the alternatives, property isn’t that risky at all!
Is Property Investment Really Worth It? Myth #2 You Need A Lot Of Cash To Get Into Property
You don’t need a lot of money to get started in property. You can: go the residential to buy-to-let route and get a 90-95% mortgage; find a joint venture partner or get into rent to rent! You can also become a property entrepreneur and become a deal sourcer, selling property deals to investors for a fee!
Is Property Investment Really Worth It? Myth #3 Debt Is Bad
While high interest debt on consumer goods is a bad thing, debt on assets is a great thing! If you can buy an asset with the bank's money and that asset pays the interest on that debt, debt is awesome! Even if you have consumer debt, your first objective should be finding ways to make more money (and then worry about paying down the debt)!
Is Property Investment Really Worth It? Myth #4 Your Home Is An Asset
People in mainstream finance will tell you that your house is an asset. But in reality, it is a liability. The practical definition of an asset is something that brings in money, and a liability is something that costs you money. A buy-to-let is an asset, a home to live in costs you money, and is therefore a liability. Buy investment property before ever thinking of buying a house to live in! The only exception to this is the residential to buy-to-let strategy.
Is Property Investment Really Worth It? Myth #5 You Can Learn Everything Online For Free
There is a lot of great information online, and it can be a good place to start. However, if you are serious about getting into property, you will need training. You will need support and guidance as well as information. You may also need to show other people (such as investors) that you know what you are talking about, and saying you watch some YouTube videos isn’t going to cut it!
At some point you are going to need to bite the bullet and get some professional training. The sooner you decide to make that investment in yourself, the better!
Is Property Investment Really Worth It? Yes, If You Get The Right Training!
Is property investment really worth it? Yes, if you get the right training and learn the correct skills! Come and learn from a property expert! Join me at my next £1 training event!
On the course, you will learn how to:
-
Become a property investor using other people’s money so that you can get started straight away
-
Utilise the 5 different types of raised finance so that you know exactly what to offer and when
-
Find the perfect properties for the BRR strategy
-
Recycle your money so that you can ‘rinse and repeat’
-
Build a power team you can trust, so that you can save time and money
-
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!
