Being confused is good for you!

 Have you been confused at some point in your life? Overwhelmed even?

I was very confused and overwhelmed when I first decided that I wanted to invest in property.

Why was I confused? I read everything I could, everywhere; watched every free training available; and bought many courses over time and learned all these different strategies.

I felt like I had all the knowledge that I needed to go out there and start investing. But when I tried to put an actual plan down, I struggled!

The problem was that everything I learned was in THEORY, and I had no idea how to replicate it in my area, by me, and the very first thing I should go out and be doing!

Having learned more than one strategies can be great in that it gives you the knowledge and you feel you have the option to choose between strategies. The downside is that you can be paralysed by the choice and not be able to decide on a particular strategy.

Then you end up not doing anything!


So is confusion all bad?

Not at all!


One mentor of mine has said that confusion is a phase of inner growth, if you handle it correctly. You will come out from the other side of the tunnel stronger, and clearer with your goals. You should welcome confusion.


However the key to overcoming confusion isn’t more thinking, which most of us naturally end up doing. Because we are confused, we want to find answers, we start seeking more information and analyse even more in our heads, which keeps us in a vicious cycle.

The solution to confusion is THINK LESS, DO MORE. This is counter intuitive for many of us. By decluttering your mind, you will feel less overwhelmed. By doing more, you will gain valuable practical feedback which you can never get from thinking alone.

As soon as I started testing the knowledge I learned through classroom training, and as soon as I started trying EVERY strategy I learned, I quickly gained more clarity on what strategy could suit me better, how easy a strategy could work in my area, and what adjustment I would need to make it work.


Property investing is a long journey. Those seemingly useless actions I took has taught me things that I find useful years later. And most importantly, you will move on from the confusion phase. That’s how the ‘dots get connected’.


To making it happen,
Emma

P.S. Are you confused about how to get started in property investing and what strategy could work for you?
Book a free strategy session with me CLICKING HERE, and we can come up with an action plan specifically for you, so you start taking that first step!

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5 ways to combat the issue with lack of funding in property investing

 

Per request of many clients, I will discuss some of the ways that can be used to get around the issue of lack of funds in property investing, and their pros and cons.

 

1.       Private Finance

Private finance is a mortgage not issued by a bank or mortgage lender. It’s money lent to you by private sources, such as crowd, friends, businesses, even pensions. It can be a great source of funding when you have a deal that can’t get the traditional mortgage. However, private finance is typically more expensive than a traditional mortgage. And depending on what type if finance it is, can have extra costs such as entry and exit costs. So you need to find a deal that gives you enough margin to use private finance and still make a profit.

2.       Joint Venture

You can joint venture with cash investors to carry on investing when you don’t have any of your own funds. It is important to structure the JV correctly so that both parties would benefit from the deal. Other than the financial side, you also need to make sure you discuss your end goal and exit strategy early on. It is no good if one of you want to sell it in 5 years and the other wants to keep it for life.

3.       Vendor Finance

You can tell by the name what this is about. So the seller will finance your deal! Yes this can happen. But you need to find a vendor that doesn’t need the lump sum money straight away, but you buying the property is solving a problem they have (could be cash flow, could be stress.) This can sound too good to be true. Depending where you are based and what type of property you are buying, this can be hard to come by.

4.       Strategies that doesn’t involve huge capital investments

Sometimes, being active in property investing doesn’t have to start with you owning a property. There are strategies such as Rent to Rent (which I explained yesterday), and Lease Options etc. that doesn’t require a big upfront investment. Lease Options is however hard to find in expensive regions such as London. Rent to rent, however, you can do in most places but you would have to adapt quite a lot to the area.

5.       Equity in existing property

And some people already have equity in their own home, which strictly speaking is your own funds, just not readily available. That equity is sitting there, giving in no return. If the cost of releasing that is much less than the return of your investment, why not!

If you missed my explanation on a creative finance strategy Rent to Rent, which I used to build up a portfolio of 60 properties in 5 years, each bringing in £700-1000/month cashflow, check out my post this Monday. Or CLICK HERE to book a free strategy session with me, and I will share with you the exact type of properties that will give you £700-1000/month compliantly.

Let me help you achieve financial freedom through investing in property!

Emma

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Do you still think property investing is ONLY for people with money? - WRONG!

 

Have you been wanting to get into property investing but you FEEL STUCK because you don’t have money to invest?

 

Lately, I hear a lot of my clients complain that they don’t have funds to get started in property.

In fact, this seems to be the number one challenge aspiring property investors have!

 

But it’s a HUGE MYTH!

 

There are ways to raise funds, Joint Venture, and also there are many strategies that don’t require a heavy upfront capital investment. I will be sharing more on these topics in the next few days as people really want to know more about it.

 

But today I want to share with you one strategy that I used myself, which requires less than £3-5k to start with, and you can get it back in less than a month, while building an ongoing income of £700-£1000/month per property.

 

This strategy is called Rent to Rent – some of you may have heard of it. It is based on the wholesale/retail concept. You would rent a big house or flat (or even building), and then you rent out the individual units separately. You make the profits on the differences in rent you receive and pay.

 

I started my Rent to rent company in central London 5 years ago (YES it works in central London). It now has almost 300 rooms. This is the fastest and least expensive method to build up a cash reserve, which you can later put in a Buy To Let investment property that you own. These two strategies complement each other very well.

 

If you know what kind of property to look for, and what exactly to do, you can build up an extra income stream pretty quickly. It takes on average 3 months to complete a property purchase in the UK. It takes 1-2 weeks from signing up a Rent to Rent property and having rooms rent out – starting your first £700-1000/month cashflow. As you don’t own the property, the risk is much lower too.

 

So why isn’t everybody doing it? Well, it’s not the easiest to know what kind of property to look for and where to find them. With the tighter regulations in recent years, it’s becoming harder to find truly compliant properties, making it harder for newbies to get started in this.

 

Are you interested in learning more about Rent to Rent?

Book a free strategy session with me CLICKING HERE, and I will share with you the exact type of properties that will give you £700-1000/month compliantly.

 

To overcoming your funds challenge,

Emma