It looks like 2021 is going to be a great year for
property.
Sure there are still many economic headwinds that
we’ll encounter and this has led to many mixed messages in the media and this
together with uncertainty about our economy and jobs is causing a feeling of
confusion for many investors.
But what is certain in these times of uncertainty is
that some property investors will grow their wealth by taking advantage of the
opportunity the market is presenting them.
While many Australians will sit on the sidelines waiting
for someone to ring the bell heralding the property market has bottomed, savvy
investors will be out looking for and buying investment opportunities created
by the current market.
So
let’s look at some time tested rules these successful investors use to
make their fortunes.
1. They take a long term perspective.
It is well documented that delayed gratification
leads to a better financial position and a better lifestyle in general.
Warren Buffet put it well when he said"Wealth is the transfer of money from the impatient to the
patient.”
Property investing has always been a long term game,
and the longer your time frame and the better the quality of the asset you own the less
important timing of the market becomes.
Right now, at RealRenta Join now and get 50% off the normal low price:
That’s the cost of 1 cup of coffee a week to manage your rental property
https://mailchi.mp/realrenta/50-deal-2020
RealRenta also has a free vision, so why not check it out
Jason Gwerder
Thursday, 7 January 2021
