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59 Biggest Mistakes Made by Property Investors and How to Avoid Them
Real Estate Investing
59 Biggest Mistakes Made by Property Investors and How to Avoid Them
Property Investors, Retired Investors, Self- managed Super Property Investors, Expats and Overseas Investors, Wealth Creators, First Time Investors , High Income Earners and those interested in Positively Geared Property Investing in Australia
If you're interested in any form of Real Estate Investing - this book is a 'must read' for you.
I wrote this book, so that every day people just like you, wanting to secure their financial future by investing in property, could do so with the confidence of knowing exactly what they are doing.
The exciting thing is, there has never, ever, ever been a better time in history to be investing in property as long as you know what to look out for.
Why you'll love this
The purpose of this book is to explain the biggest mistakes property investors make and, more importantly, how you can avoid them. I certainly don’t want to amass wealth and then lose it due to a mistake that could have been avoided; life is not a dress rehearsal and I want to create the wealth that will provide me with the means to continue my journey of discovery. Learning from others and their experiences has enabled me to fast track my journey to where I am today. My hope is after reading this book, you will be able to apply my knowledge and learnings in your property investing journey, helping you to create a profitable portfolio that delivers real wealth for your financial future.
Here is just some of what you will
PART 1 – PLANNING
Mistake 1 – Failing to budget
Mistake 2 – Not leaving enough to live on
Mistake 3 – Dismissing the experts
Mistake 4 – Waiting for the market to change
Mistake 5 – Letting fear hold you back
Mistake 6 – Thinking you won’t be able to afford it
Mistake 7 – Failing to have an exit strategy
Mistake 8 – Not doing your homework
Mistake 9 – Ignoring the demographics
Mistake 10 – Creating an imbalanced portfolio
Mistake 11 – Forgetting to protect what is yours
PART 2 – FINANCIALS
Mistake 12 – Being struck by information overload
Mistake 13 – Not crunching the numbers properly
Mistake 14 – Making half-baked calculations
Mistake 15 – Thinking the bank is your friend
PART 3 – PURCHASING
Mistake 21 – Believing ‘no money down’ deals don’t exist
Mistake 22 – Hanging onto a sinking ship
Mistake 23 – Thinking… ‘I have to have it’!
Mistake 24 – Investing in a lemon
Mistake 25 – Not buying time when buying a property
Mistake 26 – Bypassing the fine print
Mistake 27 – Buying low demand properties
Mistake 28 – Not seeing the low points of high-rise
Mistake 29 – Failing to see that size does matter
Mistake 30 – Investing in high-risk areas
Mistake 31 – Buying sight unseen
If someone had told me ten years ago that I would one day be sitting on a property portfolio worth more than $15 million, I would have laughed. If they went on to tell me that I was no longer working and instead, I was living off a comfortable five-figure positive cash flow rental return, I would have thought they were absolutely crazy!
Now It's Your Turn
59 Biggest Mistakes Made by Property Investors and How to Avoid Them
Property Investors, Retired Investors, Self- managed Super Property Investors, Expats and Overseas Investors, Wealth Creators, First Time Investors , High Income Earners and those interested in Positively Geared Property Investing in Australia
If you're interested in any form of Real Estate Investing - this book is a 'must read' for you.
I wrote this book, so that every day people just like you, wanting to secure their financial future by investing in property, could do so with the confidence of knowing exactly what they are doing.
The exciting thing is, there has never, ever, ever been a better time in history to be investing in property as long as you know what to look out for.
Why you'll love this
The purpose of this book is to explain the biggest mistakes property investors make and, more importantly, how you can avoid them. I certainly don’t want to amass wealth and then lose it due to a mistake that could have been avoided; life is not a dress rehearsal and I want to create the wealth that will provide me with the means to continue my journey of discovery. Learning from others and their experiences has enabled me to fast track my journey to where I am today. My hope is after reading this book, you will be able to apply my knowledge and learnings in your property investing journey, helping you to create a profitable portfolio that delivers real wealth for your financial future.
Here is just some of what you will
PART 1 – PLANNING
Mistake 1 – Failing to budget
Mistake 2 – Not leaving enough to live on
Mistake 3 – Dismissing the experts
Mistake 4 – Waiting for the market to change
Mistake 5 – Letting fear hold you back
Mistake 6 – Thinking you won’t be able to afford it
Mistake 7 – Failing to have an exit strategy
Mistake 8 – Not doing your homework
Mistake 9 – Ignoring the demographics
Mistake 10 – Creating an imbalanced portfolio
Mistake 11 – Forgetting to protect what is yours
PART 2 – FINANCIALS
Mistake 12 – Being struck by information overload
Mistake 13 – Not crunching the numbers properly
Mistake 14 – Making half-baked calculations
Mistake 15 – Thinking the bank is your friend
PART 3 – PURCHASING
Mistake 21 – Believing ‘no money down’ deals don’t exist
Mistake 22 – Hanging onto a sinking ship
Mistake 23 – Thinking… ‘I have to have it’!
Mistake 24 – Investing in a lemon
Mistake 25 – Not buying time when buying a property
Mistake 26 – Bypassing the fine print
Mistake 27 – Buying low demand properties
Mistake 28 – Not seeing the low points of high-rise
Mistake 29 – Failing to see that size does matter
Mistake 30 – Investing in high-risk areas
Mistake 31 – Buying sight unseen
If someone had told me ten years ago that I would one day be sitting on a property portfolio worth more than $15 million, I would have laughed. If they went on to tell me that I was no longer working and instead, I was living off a comfortable five-figure positive cash flow rental return, I would have thought they were absolutely crazy!
Now It's Your Turn
188 pages, Kindle Edition
First published September 1, 2014
5 people are currently reading
30 people want to read
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Displaying 1 - 3 of 3 reviews
June 26, 2017
The McDonald's Cheeseburger of Real Estate Investing books: cheap, consumed quickly, light on substance and subject to constant up-selling.
My congratulations to the author on her successful acquisition of a portfolio of somewhere between 1 to 1 million Australian properties. See, I have to estimate and its quite a large range because the author never actually established just how many she controls / owns. Just repeated references to "purchased house here", "purchased block of flats there" etc. Without her credibility firmly established, I ended up reading the 100 odd pages anyway...
First, It would have been really interesting to see a timeline of her purchases and sales, their locations and types, as well as the growth of her finances and the evolution of her research methodology over time, but I have a feeling that information is kept only for her fee-paying protégés - but wait, don't you worry, she wants you to know that you can be her protege too! She links her website, her company's other consultancy services and her fee-based mentoring in EVERY SINGLE CHAPTER. The whole book feels like it's designed to be the literary equivalent of an undersized entree - and the main course is gonna cost you champ!
Here's a great tip from chapter called "Mistake 54 - realising that no means try again". When discussing how property investors should deal with financiers that say no to you, the author states that "when you hit the brick wall, go around it. If you can't go around it, climb over it and when you can't climb over it, go through it." This book is littered with these lazy metaphors that have been substituted for actionable insight. This book is more of a believe in yourself, you can do it style read than I would have liked.
I think I'll throw this book in the pile with others marked "Books that were written so the author could have another source of revenue for more property purchases".
My congratulations to the author on her successful acquisition of a portfolio of somewhere between 1 to 1 million Australian properties. See, I have to estimate and its quite a large range because the author never actually established just how many she controls / owns. Just repeated references to "purchased house here", "purchased block of flats there" etc. Without her credibility firmly established, I ended up reading the 100 odd pages anyway...
First, It would have been really interesting to see a timeline of her purchases and sales, their locations and types, as well as the growth of her finances and the evolution of her research methodology over time, but I have a feeling that information is kept only for her fee-paying protégés - but wait, don't you worry, she wants you to know that you can be her protege too! She links her website, her company's other consultancy services and her fee-based mentoring in EVERY SINGLE CHAPTER. The whole book feels like it's designed to be the literary equivalent of an undersized entree - and the main course is gonna cost you champ!
Here's a great tip from chapter called "Mistake 54 - realising that no means try again". When discussing how property investors should deal with financiers that say no to you, the author states that "when you hit the brick wall, go around it. If you can't go around it, climb over it and when you can't climb over it, go through it." This book is littered with these lazy metaphors that have been substituted for actionable insight. This book is more of a believe in yourself, you can do it style read than I would have liked.
I think I'll throw this book in the pile with others marked "Books that were written so the author could have another source of revenue for more property purchases".
May 19, 2017
Good read.
The book provides good insights into mitigating common mistakes made by investors (and the author herself). However there are instances which the author talks about a mistake she had made and was able to work through the issue with a help of her mentor. These solutions were not discussed which may have provided more depth. It also feel as though it was set up this way to promote and entice investors into a mentoring program. That said, this is a fantastic read and has valuable infomation for property investors.
The book provides good insights into mitigating common mistakes made by investors (and the author herself). However there are instances which the author talks about a mistake she had made and was able to work through the issue with a help of her mentor. These solutions were not discussed which may have provided more depth. It also feel as though it was set up this way to promote and entice investors into a mentoring program. That said, this is a fantastic read and has valuable infomation for property investors.
August 21, 2019
Certainly wasn’t a bad read and I did learn a couple of things, but it’s hard to get past the feeling that this book is just another form of lead generation for the author’s advisory business - especially when nearly every lesson includes a link to her website telling you to buy something.
There’s also a couple of contradictions - one mistake is supposedly putting your eggs in one basket - yet the author later criticises one of her clients for holding back and only buying one property in an area because he was worried about the risk when he could’ve purchased 3?
Whilst it highlights some important areas, the book also doesn’t give you a great deal of depth in terms of solutions to these mistakes and problems.
Pretty easy reading and still worthwhile, but the author missed the opportunity to make this memorable.
There’s also a couple of contradictions - one mistake is supposedly putting your eggs in one basket - yet the author later criticises one of her clients for holding back and only buying one property in an area because he was worried about the risk when he could’ve purchased 3?
Whilst it highlights some important areas, the book also doesn’t give you a great deal of depth in terms of solutions to these mistakes and problems.
Pretty easy reading and still worthwhile, but the author missed the opportunity to make this memorable.
Displaying 1 - 3 of 3 reviews