I bet theres a lot of you who would love to be a property investor. Who would love to have a good buy to let portfolio, would love to invest in a property, do up and sell it on. And you haven’t done it yet.
I bet, there’s a lot of you that think, oh, I should release some equity in my property. Or I should save up, or should I borrow some money? But you haven’t done it yet.
I bet there’s a lot of you.
And I bet you have a “good” reason.
And the thing is, we do it in various aspects of our lives. But let’s make it relatable.
Who wants to start going to the gym and hasn’t signed up yet? Who has a gym membership and hasn’t been yet? Who hasn’t been back to the gym since everything went back to normal after lockdown?
I always think to myself, One day, I’m going to go to the gym. One day, I’m going to get in shape. But I never actually do it. There’s always a reason, always an excuse. Something else is always a bit more important.
Why is that? Is it because it’s unknown? Because it required effort? Because it’s a bit scary?
And that’s why I think property investing is a lot like a gym membership.
You’re probably a bit cautious when it comes to taking that step into property because you haven’t done it before, you don’t know where to start, you’ve owned a home but owning a home for someone else to live in? Scary.
When I first made the decision to invest in property – there was about 6 months that I wasted, not actually investing in property. I second guessed everything, I couldn’t help but look at the worse case scenario and envisaged that I’d buy the worst property in the history of property. Or that I’d get a terrible tenant and it would all go wrong and they’d damage my property.
It was the fear that took over me; the fear of the unknown.
The first step is the hardest. And that’s why it’s like having a gym membership. If you’ve ever been to the gym, you know what I mean – once you start getting into a routine, seeing the physical benefits , you think to yourself – why did I put this off?
It’s exactly the same with property. When you complete on your first investment. Sign up your first tenant, see your first rent check. You start to thing, Christ! Why did I ever put this off? How much money could I have earned by now?
If you’re thinking about buying your first investment property and don’t know where to start then send me a message; I’ll help. If you have a couple of properties already and you want to take the step from being a casual investor to working towards financial freedom – give me a message, I can help.
Every day that you spend sitting on the idea, you’re throwing money down the drain. Think about that. Every day, you’re essentially throwing £10 in the bin. How does that feel?