Categories: Finance

Welcome to part 2 of this series on turning your next property deal from dream… to reality.

As you might recall, in Part 1 we reviewed the Access Formula – a simple framework for making sure you have a good deal in your hands. If you missed it, or in case you forgot, here’s a quick reminder.

There are 4 components to the formula:

• Ability: The ability to find a profitable property deal
• Cash: In the bank, or accessible equity
• Servicing: The ability to borrow money
• Skill: To manage a project to a profitable outcome

Together, A+C+S+S equals access to a solid deal.

If you’ve been following the Property Resource Shop blog, you are already way ahead of the pack when it comes to the Ability to find a deal and the Skill to manage it to a profitable outcome.

But what most people struggle with the most in the earlier days of their investing career is…

They Lack Cash And Servicing!

Now… if you want to become a successful property investor but lack either of the two… you really have no choice but to do the smart thing – and find yourself a joint venture partner.

That’s why in Part 1 of this series – 6 Best Places For Finding People Eager To Finance Your Deals – I reviewed where you could go about finding people who are very, very eager to finance your deal (granted it’s a good one!)

But knowing where to find them really is half the battle. The honest truth is that there is no shortage of people willing and able to finance your investment projects.

The real problem, as you will soon find out, is:
[Read more…]

Categories: Finance

If you want to be in property for the long term, you have two options. Either you…

1. Learn how joint ventures work – and evolve into a master deal maker
2. Or you stay a hobby investor,  letting your fears, limiting beliefs, and what other people think, stop you from reaching your full potential

Only one of these two options leads to creating long term financial freedom.

Can you guess which one?

Of course you can! (After all, only smart people read this blog, and you’re undoubtedly one of them! 🙂  )

The path to becoming a master deal maker and creating true wealth – faster than you ever imagined possible – is revealed through mastering joint ventures.

And unlike what many people think, it doesn’t matter what skill level you’re at right now. It doesn’t matter how long you’ve been in the game. It’s never too early (or too late) to start leveraging joint ventures.

Unless You Prefer To Have 100% Of NOTHING Instead of 50% of SOMETHING?

Now, if you’ve taken my “The 9-to-5 Property Investor Action Plan” course, you already know the four key components you MUST have in order to complete a profitable property deal.

The “A+C+S+S = DEAL” Formula

[Read more…]

Categories: Finance

Did you know that in Australia there are five different ways to get investment property loans?

Each way has its pros and cons. So how can you choose the best lender for you next purchase? Read on to find out.

[Read more…]

Categories: Finance

As property investors it’s sometimes easy to lose track of the bigger wealth creation plan.

In fact, 89% of Australians aged 40 to 60 lose track of the bigger plan, and there for can’t retire early (let alone comfortably!)

Speaking from experience, I know the temptation is very real to become too focussed on the next property deal… it’s almost an addiction!

It’s so important to regularly step back from what you are doing. Take a look at the financial journey you are on.

Whether your goal is to retire early or to enjoy a certain lifestyle, ask yourself:

[Read more…]

Categories: Finance

I’m a big believer in education.

In fact, education is one of the first steps I recommend in my Start Here page for any investor who wants to “make it”.

That’s why you can find here at the Property Resource Shop a wealth of education about finding the best deals in your market, how to crunch the numbers, and applying the right strategies for creating wealth. These investing strategies and tools are the bread and butter for any serious property investor.

But it’s important to also pay attention to the bigger picture.

A good investor needs to understand the major market forces that are at play and determine borrowing costs, cash flow, and many other aspects of your life (and the lives of your competition!) [Read more…]