http://www.thepropertycouch.com.au/four-ways-a-property-investor-will-pay/

Some investors are the ‘Do-It-Yourselfers’ where they buy research data and equip themselves with as much understanding on the market as possible, while others pay a fee and rely on the knowledge and experience from an insider. But apart from these two options, what other ways will a property investor pay? In this video, Bryce Holdaway shares some of his property investment tips. Here’s a snippet of the video:

It’s always interesting the psychology of property investor when I’m chatting to them the idea of if they are to pay for advice or whether they get the advice for free. Cause in my view, you are going to pay in four ways.

First way is to pay through buying the wrong assets, and that is not an egotistical statement. That’s actually from experience in seeing hundreds and hundreds of property portfolio over the last fifteen years of doing this and seeing the decisions that people make in terms of what investment property they buy. I think the challenge is that residential real estate is the only investment market in the world that’s not dominated by investors. It’s actually dominated by owners occupied who have emotional and practical reasons for buying a property. So it’s easy to think that anyone can buy an investment property just because they live in a house, it’s common and it’s known to us. Where as most people can acknowledge that shares is harder and they need a stock broker to do it or if they talk to a financial planner, for manage funds those sorts of things. With real estates, there is this false security that comes from, “I lived in a house therefore I know what to buy”. But I guess from experience seeing what people have done, and having the opportunity to look in the rear view mirror and see what they have done, in my view, quite often they buy the wrong assets. By that I mean I see the result of what they have got today, maybe from what they bought ten years ago. Quite often I only see 4% or 5% compound growth when typically it’s not that hard to get 7% or 8%, and in some cases even outperform those averages. So, I guess the first way that I see people paying when they buying property investment, or getting a property investments is through buying the wrong assets.
Watch the video to learn more.

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