8:41 AM, 13th April 2017, About 5 years ago 1
Did you know that 55% of UK landlords own only one investment property?
So many start with the intentions of building a portfolio – they start to ascend the learning curve, but never get the advantages of using those initial learnings again and again to build an ever expanding property portfolio.
Warren Buffett is often considered the most successful investor in the world, and one of my favourite quotes is:
“Risk comes from not knowing what you’re doing.”
So why do so many people stop at one property? Perhaps it’s too risky as they don’t know what they’re doing. Perhaps it is because they don’t know how to use momentum investing to recycle their deposit to buy more properties.
Buffett also says:
“It’s better to hang out with people better than you. Pick out associates whose behaviour is better than yours and you’ll drift in that direction.”
If you’re reading about other property investors, and surrounding yourself with those with more property experience, then you’ll be improving your chances all the time.
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