Why Property Investing IS SO HARD!
b"https://www.youtube.com/watch?v=SmrtzwDP35k\\n\\n\\n\\n\\n\\n\\n\\n\\nAlmost anyone can go out there and purchase an investment property, but it's actually really hard to become good at investing in property. Why is property investing so hard?!\\n\\n\\n\\nBook a Free Strategy Session\\n\\n\\n\\nSuburb Research Course\\n\\n\\n\\nThe Reasons It's So Hard To Get Good At Property Investing\\n\\n\\n\\n1: The Barrier To Entry - 0:55\\n\\n\\n\\n2: It's a Multi-Faceted Skill - 2:07\\n\\n\\n\\n3: A Lack of Repetition and Feedback - 3:23\\n\\n\\n\\nWhat Can You Do To Get Better at Property Investing?\\n\\n\\n\\n1: Education - 4:51\\n\\n\\n\\n2: Hire Someone To Help You - 6:19\\n\\n\\n\\n3: Practice The Free Stuff - 7:50\\n\\n\\n\\nThe Secret life of Real Estate and Banking by Phil Anderson\\n\\n\\n\\nCash Flow Analysis Tool\\n\\n\\n\\n4: Get Clear On Your Strategy\\n\\n\\n\\nBook a Free Strategy Session\\n\\n\\n\\nRecommended Videos:\\n\\n\\n\\nHow To Find The Best Property In a Suburb\\n\\n\\n\\nStep-by-Step How To Negotiate On Property\\n\\n\\n\\nTranscription:\\n\\n\\n\\nalmost anyone can go out there and purchase an investment property but it's actually really hard to become good at investing in property in this episode we're going to talk about why it's so hard to become a good property investor and some things that you can do to improve your property investment skills to lower your risk and increase your chance of return so you can get to your goals faster hey everyone i'm ryan from on-property and welcome to my property workshop today property investment is just one of those skills that can be very difficult to get good at but once you're good at it it actually is it's quite simple and can become quite simple - repeat the same strategy over and over and over again and to grow your wealth so what is it about property investing exactly that makes it so hard and then what are some things that you can do to kind of overcome those obstacles and improve your skills anyway one of the main reasons property investing is so difficult is the barrier to entry in order to purchase a property you can't just go out into it if you want to go and play tennis don't buy a racquet or hire a racket and you can start practicing and playing straight away but if you want to invest in property then you're going to need to save a deposit whether that be ten or twenty percent of the value of the property if you're talking four hundred five hundred thousand dollar property at twenty percent that's about 80 to a hundred thousand dollars that you actually need to save as a deposit in order to get into the market even ten percent you looking at forty to fifty thousand dollars which is a larger sum than most people have saved in their entire life so barrier to entry is really hard in that aspect you also need to be in the financial position where you can borrow money from the bank or a lending institution so generally that means having a decent income and having a stable source of income as well so that can further add to the barrier entry of getting into the market so Barry fir entry just means it's hard to actually start doing it and as I say practice makes perfect and if you can't even start how are you meant to get good at it the second thing that makes property investing so hard is that it is multifaceted it's not just one skill that you need to learn when it comes to investing in property is understanding things like market cycles understanding the global cycle and the Australian cycle and how that fits into things understand the cycles of different major capital cities within Australia looking at then understanding you know different regions within those cities how they perform doing suburb analysis understanding that being able to analyze investment properties and their potential as well as problems that they may have looking at a suburb and the best spots within a suburb and what properties to avoid negotiating contracts all of this sort of stuff as you can see it can be a long list of things that you need to learn in order to get good at property and each of those things is an individual skill that you need to prac..."