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The Most Effective Wealth Building Strategy For Real Estate Beginners

This is the first and probably the most fundamental strategy that you will start with. It is used for those who do not have enough experience in the buy-to-let market.

In a nutshell, it works like this: Once you’re in a position to invest, just buy a property or two, then stop. One or two properties will allow you to experience the buying process, finding tenants, dealing with agents, processing mortgages and all other aspects of the real estate process.

Throughout this process, it is important to have someone who can answer all of your questions and guide you through the process. But the real power of this strategy is not in the practical side of investing, although this is important. It lies in your ability to allow yourself to develop mentally and emotionally or to accept that you are now a landlord, an investor.

He had a client who had paid off his property a long time ago, he was making around £20,000 a year, so he never thought he would be able to build a significant portfolio. Over the years, her home doubled, doubled again, and doubled twice. This left him with a considerable amount of capital that he was not using.

When he first spoke to me, he mentioned that for a long time he knew he had to do something, but for years he had lived in fear of using his equity, worried that if he invested and couldn’t find tenants, property prices would drop. they would collapse and all other beginning investor problems.

These fears were generated by the lack of proper education. So the important thing is to replace the old outdated beliefs with a new set of aligned beliefs. The reason we stop after two is to let your emotional state catch up with your portfolio. If you were to continue building the portfolio, you would invariably stumble or the stress would be too much.

The only thing to consider now is how long to stop. This is totally up to you. Do not continue investing until you are ready. Saying this, if you’re a year down the road and haven’t started, you may be resting in your comfort zone. This is where the assistance of an experienced portfolio manager can ensure you move to the next step.

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