1. Really think about whether property investment is for you.  You need to work out in your mind that this is what you want to do.  The last thing you want is doubt nagging in your mind and clouding everything you do.  I obviously never have this.  I am so convinced that property is the long term path to wealth that I  am just full steam ahead.  Not having doubt enables me to think clearly.

 

 

2. Have a threshold.  Mine is yield.  Yours can be whatever it is that you believe will take you where you want to be.  Examples are Equity, monthly cashflow, discount, miles radius from home town etc.  Whatever it is make sure it is created on sound principles and STICK TO IT!

 

 

3. Raise a starting capital.  Borrow on credit cards, unsecured loans, friends and family, overdrafts, remortgage your own home and do joint ventures to get the biggest amount of cash you can so you can get going.

 

 

4. Have a strong mindset.  Easier said than done but just make sure you have the attitude of never giving up.  I often got told No but it just made me more determined to find someone who said Yes.  All you need is a few yes’ and you are there!

 

 

5. Always learn.  If you are going to put your hard earned money in to a project make sure you do your learning.  Books are really cheap in comparison and the internet is free to use!  So get learning.  Join my 7 fundamentals of property investment for starters!

 

 

6. Get others to search for you.  It doesn’t hurt to get others to search for you as well as you doing your own search.  Did you know we could search for you.  We have a really special offer on so contact us if you want us to help you.

 

 

7. Be polite and professional.  It is the start of a new decade.  There is no need to be rude!  The best way to get the most from people is to be polite, courteous and professional.  That is a fundamental principle we learn as being chartered accountants and I have never forgot it.

 

 

8. Have a vision.  It is ok to dream.  Everything you see around you started off as a vision in someone’s mind.  Where do you see all your investing taking you?  Put a picture to it and give it a strong mental image.  Let this image be the thing that inspires you to achieve whatever it is you want.

 

So what do you think of these tips?  Let Me Know!

 

Ajay

 

 

 

Posted on: 27th Apr 2010