Property investing is simple, but successful investing that meets your goals is not simple. It is not something you should take lightly.
Unfortunately, that’s what many people who have dreams of making millions with real estate do. The fact is, most property investors fail. The statistics show that around 50% of people who buy an investment property sell it in the first five years of ownership. 90% of those who continue to hold, never get past owning one or two properties. It is only less than 1% of the property investors who own six or more properties. These statistics suggest that typically many Australians fail to achieve their goals and continue to stay in their vicious cycle of rat-race.
Having said that, if done strategically, property investing can offer you the life you want. All smart and successful real estate investors conduct a thorough real estate market analysis and tread cautiously. Risk and return go hand in hand, and investing in any asset class is all about balancing the two. Property investing is very rewarding and is risky at the same time, more so given the high leverage involved in this asset class. Once you effectively manage the downside risks, you can expect reasonable returns from your investments.
This guide demystifies the risks associated with the property investing and more importantly, helps you embrace the risks effectively to Get Rich and Retire Early.
