17:24 PM, 18th May 2011, About 10 years ago 5
Quality Property Investment Advice isn’t easy to come by. There are plenty of self proclaimed experts and guru’s who will be keen to take your money off you in return for a promise to teach you a variety of strategies or help you build a portfolio but BEWARE, many of their strategies are illegal.
There is no substitute for experience but there are also ways to avoid making common mistakes, one such mistake can be paying for mentorship. There is no one size fits all in property investment so research is key.
I’m in the process of documenting my property investment strategy and it’s available to read for free. I’ve been in the business since 1989 but rarely does a day go by when I don’t pick up another nugget of information.
Property118.com also has a You Tube channel and is in the process of adding a variety of video interviews sharing tips and information about the property investment business and how to minimise risks and maximise returns. One such example can be found below and there’s more information below the video too.
Read about other peoples strategies, join a forum (my personal favourite is Property Tribes) and don’t be afraid to ask questions. Twitter is another good source of information. Join your local landlords association and take time to be sociable and make friends with the people you want to be like. Visit property investment shows and exhibitions and book yourself into the free seminars.
Always remain on guard. Sadly the property investment business is shark infested waters. There’s always somebody with an agenda to take your money off you, whether that’s by selling you an expensive course or offering you a packaged investment deal. The sharks play on laziness and naivity. They are very clever at making it look as though they will make life easy for you. They rely on you trusting them to do all of the checks that you should be doing for yourself. Please don’t get caught out. That’s where the forums are excellent. If you are new to the business and you suspect something is a bit too good to be true ask other people to share their experiences. Make sure you check out the people who are answering your question. See when they joined the forum, Google search their name and see what comes up.
Another way to avoid being shark bait is to do a Google search on any company that you want to check out by typing into Google the Company Name or the names of the owners or key people followed by the words scam or complaints and see what comes up.
Other free services include:-
Property Investment Calculators
Property Investment Tax
Property Investment News
If you have a business that provides services to property investors we are very keen for you to take a free listing in our Business Directory.
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To learn more about my property investment strategy please read the following posts in this order:
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