How Long Can You Last In Property Investment? Are you a Sprinter or Marathon Runner?
In property investment, it is important to constantly remind yourself of the question above.
Because it is all too easy to get fired up to want to make a million in property investment in the shortest possible time.
Especially if you are a newbie in property investing!
It is fine to have the burning desire to build your wealth in property investing, however , you must never make hasty or rash decisions driven by your emotions.
What do I mean?
Say for example, you have set a target of accumulating properties worth 5 million within the next 12 months.
However, along the way, as you follow your gameplan, you might not be able to find any good deals within the first 3-4 months..
So what happens by then? You might feel like time is running out and start going into deals which doesn’t fit all the criterias in your gameplan and you start buying properties for the sake of buying properties!
This is A BIG NO NO!
After 4-5 months of searching for the right deal.. you might just throw in the towel and call it quits! You might feel property investment is too difficult or just too competitive or … etc etc etc.. justifying your current predicament..
Have you ever been in this situation before?
if you have, rest assured it is not too late!
You must remind yourself that you are striving to be a marathon runner in property investing!
Same as an actual road race, the runners who can last the longest will usually overtake all the overenthusiastic sprinters!
Be patient! My partner-cum-mentor, Kam, once went through a 4 month period of not buying any properties, however after that he managed to buy 3 properties which are below market more than 20% in one single month!
To find out more how can further accelerate your progress in property investing, do
In fact, up till now, we already have 8 members who have purchased properties which are minimum 15% below market with yields 6% and above! Some even bought 26% and 50% Below market!
And many of them are first time investors with no prior experience !