Chris Graham on LinkedIn: Why 90% of property investors fail in the first year (...and how not to be… | 27 comments (2024)

Are Your Rental Properties Costing You More Than Just Money?Picture this: It's 2 AM. Your phone rings. A tenant's pipe burst, flooding the apartment below. As you drag yourself out of bed, you wonder, "Is this what Isigned up for?"Sound familiar? You're not alone.Many of us jumped into rental properties dreaming of passiveincome and financial freedom. But the reality? It's more like a never-ending nightmare.·The constant drain of repairs eating away at your profits·The stress of dealing with difficult tenants robbing you of peace·The frustration of navigating complex laws that seem to workagainst you·The sinking feeling as you realize it'll be a decade before youcan exitRemember when you thought real estate investing would give youmore…Time with family?Freedom to travel?Peace of mind?Instead, you're tied to your properties, always on call, alwaysworried.But what if there was a way out?Imagine a world where:·You're not at the mercy of tenants or toilets·Your investments have clear, short-term exit strategies·Your profits are realized in months, not years·Your stress levels plummet as your bank account growsThis isn't a fantasy. It's the reality for investors who've madethe switch to ground-up construction.In less than 12 months, you could be celebrating a successfulproject completion, profits in hand, ready for your next adventure - personalor professional.❌No more 2 AM calls.❌No more stress over problemtenants.❌No more feeling trapped in a10-year investment cycle.Isn't it time you reclaimed your time, your peace of mind, andyour passion for real estate investing?Your future self - the one sleeping soundly through the night,enjoying stress-free family time, and watching your wealth grow faster thanever - is begging you to make this change.Are you ready to listen?Let's talk about how ground-up construction can transform not justyour investment strategy, but your entire life. Your peace of mind is waiting. Are you ready to claim it?I’ve got a short informational video that can explain this to you in greater detail. Just drop a ‘No More Rentals’ below and I will get the link to you.

KNOW WHY: Most property investors fail. Ever wonder why so many property investors never make it past one or two properties? The answer is simple: they're making a crucial mistake when buying their first investment. One of the best things I ever did was focus on buying investment properties that appealed to owner-occupiers. When people buy their PPOR, they typically do it with their heart. They look for a nice family home in a good location, close to work, schools, and amenities. But when it comes to investing, they throw these fundamentals out the window. Suddenly, it's all about rental yields, stamp duty, and cash flow. This shift in focus is where they go wrong. The key to my success has been to buy investment properties that I would be happy living in. I look for high-quality homes in blue-chip locations that will appeal to owner-occupiers. Why? Because owner-occupier demand drives prices. Remember, it's capital growth that builds wealth, not yield. That off-the-plan apartment or regional property might look good on paper, but it's unlikely to deliver the long-term growth you need. I've seen countless investors get stuck with underperforming properties, never expanding their portfolios. Don't fall into this trap. Invest like you're buying your own home, and watch your portfolio grow.

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Making the Right Call: Stepping Back from a Property DealIn the intricate world of property investing, there are times when it's wise to hold off. After careful consideration and detaching myself from the property, I've decided to step back from a property deal. I am trusting my own decision. As tempting as it may be to rush into a purchase when options seem limited, it's crucial to remain grounded and thoroughly assess every aspect of the deal. In my case, despite initial excitement, several warning signs surfaced upon closer examination and the guidance of my wonderful mentor Jo Lines Firstly, the property's condition was far worse on a rainy second viewing and although we as a company have the ability and connections to complete the necessary work, for our first large purchase the extensive renovations required would have strained both budget and timeline. Recognising this, I concluded it wasn't the right fit for us. Secondly, the dynamics of the neighbourhood and location raised concerns. Delving into the area's development plans and demographics, I unearthed uncertainties that could impact the property's future value. Without a clear understanding of the neighbourhood's trajectory, proceeding felt too risky.Lastly, the financial calculations didn't paint as rosy a picture as initially anticipated, at least not enough to outweigh the risk. I'm a numbers person and they don't lie! I've learnt that walking away from a deal isn't conceding defeat; it's a strategic move towards better opportunities. By resisting the impulse to dive in, I'm back on the hunt with a clearer vision of what I'm seeking. Each experience, even those that don't culminate in purchases, contributes to my growth as a savvy investor.So, as I resume my search for the perfect property, I do so with renewed confidence in my ability to discern between a golden opportunity and a potential pitfall. After all, sometimes the best deals are the ones we opt not to pursue.

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Dear Aspiring Real Estate Investor,Do you need help in your real estate journey despite your best efforts? It's time to turn the page and embark on a path to success with a golden opportunity that's just opened up.Introducing a one-of-a-kind chance to learn from the best in the business - Gurmit Singh, a renowned name in the real estate world. With decades of experience and hundreds of profitable deals, Gurmit is a master at navigating the complex landscape of real estate investing. His track record speaks for itself, transforming many of his students into millionaires.For the first time, Gurmit is offering an unprecedented opportunity to a select few. His comprehensive course, priced at $30,000.00, is now accessible to the first 20 dedicated students at a 90% reduced rate of $2,995.00. There is only one catch: you will be required to give testimonials of your results. This is a rare chance to learn from a seasoned investor who knows the ins and outs of making substantial profits - an average of $50K per deal!What's in the course?5-Step Success Strategy: A proven blueprint that has helped our clients consistently generate high profits.Decades of Expertise: Gurmit's vast experience is distilled into actionable lessons.Real-World Applications: Practical knowledge beyond theory, preparing you for the real estate market.Network Building: Connect with like-minded individuals and grow your professional network.Why Gurmit Singh's Course?Proven Results: Many of Gurmit's students have become millionaires.Exclusive Content: Insights you won't find in books or free online resources.Personalized Guidance: Learn from Gurmit and receive tailored advice for your investing journey.This is not just a course; it's a transformative experience that could redefine your career in real estate. Spaces are limited and available on a first-come, first-serve basis. Take advantage of this unparalleled opportunity to learn from one of the best and make a real difference in your career.Leap real estate success and secure your spot in Gurmit Singh's acclaimed course today. Your future as a successful real estate investor awaits.100% Iron Clad Deal-Closing Guarantee: "Complete our course, and if you don't close your first real estate deal within 12 months, we'll refund 100% of your course fee."Book your spot now: https://lnkd.in/gKdi5wZUSchedule a One-on-One Call: Let's discuss your specific needs and how we can meet them. Book Your Call:https://lnkd.in/gvQsg8hj

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Dear Aspiring Real Estate Investor,Do you need help in your real estate journey despite your best efforts? It's time to turn the page and embark on a path to success with a golden opportunity that's just opened up.Introducing a one-of-a-kind chance to learn from the best in the business - Gurmit Singh, a renowned name in the real estate world. With decades of experience and hundreds of profitable deals, Gurmit is a master at navigating the complex landscape of real estate investing. His track record speaks for itself, transforming many of his students into millionaires.For the first time, Gurmit is offering an unprecedented opportunity to a select few. His comprehensive course, priced at $30,000.00, is now accessible to the first 20 dedicated students at a 90% reduced rate of $2,995.00. There is only one catch: you will be required to give testimonials of your results. This is a rare chance to learn from a seasoned investor who knows the ins and outs of making substantial profits - an average of $50K per deal!What's in the course?5-Step Success Strategy: A proven blueprint that has helped our clients consistently generate high profits.Decades of Expertise: Gurmit's vast experience is distilled into actionable lessons.Real-World Applications: Practical knowledge beyond theory, preparing you for the real estate market.Network Building: Connect with like-minded individuals and grow your professional network.Why Gurmit Singh's Course?Proven Results: Many of Gurmit's students have become millionaires.Exclusive Content: Insights you won't find in books or free online resources.Personalized Guidance: Learn from Gurmit and receive tailored advice for your investing journey.This is not just a course; it's a transformative experience that could redefine your career in real estate. Spaces are limited and available on a first-come, first-serve basis. Take advantage of this unparalleled opportunity to learn from one of the best and make a real difference in your career.Leap real estate success and secure your spot in Gurmit Singh's acclaimed course today. Your future as a successful real estate investor awaits.100% Iron Clad Deal-Closing Guarantee: "Complete our course, and if you don't close your first real estate deal within 12 months, we'll refund 100% of your course fee."Book your spot now: https://lnkd.in/gKdi5wZUSchedule a One-on-One Call: Let's discuss your specific needs and how we can meet them. Book Your Call: https://lnkd.in/gvQsg8hj

7 mistakes newbie real estate investors make:1. Lack of Education Failing to educate oneself about real estate fundamentals, market dynamics, and investment strategies is a common mistake.As an investor, you should dedicate time to learning and research before diving in.2. Misjudging ExpensesNew investors often miscalculate expenses such as maintenance, property management, and vacancies.Accurate budgeting is crucial to avoid financial strain.3. Emotional Decision-MakingIn investing, particularly in real estate, it’s easy to let emotions overpower your decisions.This can lead to poor investment choices.It’s really important to make rational and data-driven decisions.4. Insufficient Financial PlanningUnderestimating the financial requirements of real estate investing can lead to problems.Be prepared for upfront costs, ongoing expenses, and potential setbacks.5. Neglecting Due DiligenceRushing into a deal without thorough due diligence is risky.Always assess properties, neighborhoods, and market conditions meticulously to avoid making poor investment choices.6. Overlooking LocationThe adage “location, location, location” holds true in real estate.Beginners might focus too much on the property itself and not enough on its location which greatly influences its value and rental potential.7. Underestimating Time CommitmentReal estate investing demands significant time and effort.Beginners might not realize the time commitment required for property management, renovations, or dealing with tenants.Therefore, it’s important to plan accordingly.For more real estate information like this, click the follow icon. Everyday we talk about commercial real estate investments, personal development, growth, tourist location, history and most importantly we offer various investment opportunities for different class of investors/business owners. So......Don’t forget to turn on your post notification to be the first to get it. If you’ve not follow us yet, please do so by clicking the follow icon on our page here and join me to learn the real formula for creating wealth.LiREICS: A Home Were Passion Lead!!

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Our journey into property investing - PART 5After getting a taste of success with his first property investment, Alex decided to go bigger with his second buy-to-let. This time, he chose a home in a nicer area and took on the renovations himself to make sure it was up to scratch. The 2-bedroom house was perfect for small families or young professionals.Alex's hard work paid off. The renovations turned the place into a cosy and appealing home. Right from the start, the 2-bed property brought in a steady rental income of £675 to £720 a month. This regular cash flow gave Alex financial stability and boosted his confidence in the property investing game.In 2023, Alex decided it was time to sell. With the market looking good, he managed to make a fantastic £45,000 profit on the sale.This profit was more than just extra cash. It showed Alex's knack for strategic planning and hands-on renovation. The money from the sale gave Alex the chance to start a new business venture, backed by the experience and funds from his property investments.Overall, Alex's journey with his second buy-to-let property shows how you can grow and succeed in property investing. It’s all about careful planning, getting stuck into renovations, and making the right moves at the right time.What did you learn with your first property that allowed you to make a better decision on your second?

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I want to share a little secret about how I'm growing my property portfolio—it's not the traditional way you might expect.Most folks think the goal is to buy multiple homes, pay them off over decades, and then live off the rental income. Sure, that's one way to do it, but I’ve found a different approach that works better for me.The real power of property is in the leverage and growth it can offer.By investing in high-quality properties growing locations, I'm banking on above-average capital growth over time. This means my equity is growing faster, boosting the overall value of my portfolio.Because I run my own business and have some extra cash flow, I can support the repayments and keep borrowing to buy more properties. My aim isn’t to pay down the principal month by month to own these homes free and clear eventually. Instead, I’m using the growth to pay off some of the properties down the line.Here’s an example: If you own three properties, you’ll eventually build up enough equity to sell one and pay off the other two. You still end up owning properties outright and living off them, just in a different way.By focusing on growth from high quality assets, I’m setting myself up for significant gains. In the end, I'll have high-quality assets that can generate wealth for generations.Hope this gives you a new perspective on property investment! Let’s build wealth smarter, not harder.

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Investing in rental properties can be a great way to build wealth and create a stable income stream. However, getting started can be intimidating, especially if you've never invested in real estate before. To begin your journey into rental property investing, you'll need to change your perspective and approach to life, finances, and real estate. Here are some tips to help you get started:✅Envision a different life for yourself: To succeed as a rental property investor, you need to have a clear vision of what you want to achieve. This may require you to step out of your comfort zone and imagine a life that is different from what you've been told to expect by your parents or the media. Take the time to think about what you want your life to look like in 5, 10, or 20 years, and how rental property investing can help you get there.✅Educate yourself: Knowledge is power when it comes to rental property investing. Before you make any investment, it's important to do your research and learn as much as you can about the market, financing options, and property management. Attend seminars, read books, and connect with experienced investors to learn from their successes and failures.✅Start small: You don't need to buy a multi-million dollar apartment building to get started in rental property investing. Start small by investing in a single-family home or duplex. This will help you gain experience and confidence before taking on larger projects.✅Conquer your fears: Fear of failure or the unknown can hold you back from pursuing your goals. Recognize that everyone makes mistakes, and that failure is an opportunity to learn and grow. Take action despite your fears and you'll be on your way to changing the narrative of your life.✅Give back: As you learn and do better for yourself, remember that you have an obligation to give back financially and educationally to others. Share your knowledge and experiences with those who are just starting out, and invest in your local community to make it a better place for everyone.Ultimately, your success as a rental property investor will depend on your willingness to take risks, learn from your mistakes, and envision a different life for yourself. So, who's depending on you to take the first step towards building a better future? It's time to start your journey and find out.

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Common mistakes first-time property investors make!Entering the world of real estate? Don't let it overwhelm you! Property investment can be tricky, but we're here to guide you. Check out these common first-time investor mistakes to avoid:🚫 Letting emotions lead: Keep emotions in check; it's a business, not a love affair. Stay objective to save yourself from costly errors.📈 No investment strategy: Plan ahead! Set clear goals to determine the right strategy and property for your financial objectives.🌍 Skipping market research: Location matters! Focus your research on specific areas to understand local trends and make informed decisions.💸Not calculating all costs: Beyond the sale price, consider maintenance, taxes, insurance, and more. Include all expenses in your budget planning.📊 Only looking at loan interest: Don't be blindsided by interest rates alone. Consider loan terms and features to find the perfect fit for your investment goals.https://lnkd.in/gJtVD3wQ