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… [Read more…]