Where Do I Start As A New Investor?

Where do I start as a new Property Investor?   

 
 
 

Climbing to the top, slowly but surely

How do I climb to the top?

As a new or ‘would be’ property investor what questions are you asking yourself right now?

  • Where do I start?
  • How do I start?
  • What do I really NEED to know?
  • How can I make contacts?
  • Which property course should I take?
  • When’s the best time to buy property?
  • How can I ‘fund’ a deal?
  • Can I buy property with no money?
  • Who’s going to help me?
  • Where do I find resources?
  • How do I build a property portfolio?
  • What strategy should I use?
  • What sort of property should I buy?
  • How much should I be paying for property?
  • How do I learn the legal aspects?
  • How do I find bargain property?
  • Who will motivate me?
  • How do I stay motivated?
  • How do I deal with Estate Agents?
  • How will I source property leads?
  • Where can I network?
  • Which seminars should I attend?
  • Who can I trust?

 These are some of the questions I wanted answers to when I started out a year ago. It can be very daunting when you start because there are thousands of similar questions to be asked and initially so much information to absorb. You just don’t know where to begin, or how!

 I know because I’ve been there and done all the agonising about where and how to start!  The main thing though is to make a start.

 As with any new ‘project’ getting started is the hardest bit. Once you learn the fundamental way in which something is built and how all the cogs are put into place it all starts to become a bit clearer and ultimately begins to ‘work’ for you.

It’s like starting a new job – your first day is daunting, you don’t know anyone, don’t know where anything is kept, you’re not sure how anything works or who to ask for help. But as time goes on you pick it up bit by bit and start to feel more confident as you get to know everyone and become familiar with your surroundings and what is expected of you.

Imagine you’re on a bike climbing a big hill. At first you struggle as you work your way up the slope, taking in your surroundings bit by bit, getting stressed and out of breath, wondering if you’re ever going to reach the summit. How long is it going to take?  Will I ever get there?  Should I carry on?

 With each little bit of information you take in, things start to fall into place and if you’re anything like me a ‘light’ suddenly pings on in your head and you say to yourself “ahhh, so that’s how it works!”  I don’t pretend to be the ‘sparkliest’ tool in the box (is there such a word? Lol) but what I lack in cognitive skills I certainly make up for in tenacity and perseverence.

 So you continue up the hill, building your knowledge, and soon the hill levels into a plateau. This is when you start to put all the information together, like building a jigsaw bit by bit and getting more confident as the different parts of the jigsaw slowly start to fall into place.

 As the jigsaw nears completion the hill then starts to slope downwards, so the journey starts to get a bit easier and instead of struggling upwards you start to ‘freewheel’ confidently down the slope.

 As your knowledge builds even more you start to pick up speed and before long no one can stop you. Then you’re ‘flying’ down the hill shouting “Hey I can do it, woohoo!!!” The hard work and effort has paid off.

 I’m not saying this is an easy ride, don’t expect it to be a short journey, but the main thing is that you keep going and don’t give up at the first hurdle. It’s gonna be a bit ‘bumpy’ at times but you’ll get through it if you just persevere and carry on AND BELIEVE IN YOURSELF.

 What you get out of life all depends on what you’re prepared to put into it, what are you going to ‘give’? It’s not all about what you can get. You’ll find that the more you give then the more good things will come back to you tenfold- by the ‘law of attraction’ (I’ll speak more about this another time)

 If you expect it all to fall into place by just reading a book or going to one seminar then you’re in for a shock and wasting your time. You get out of something as much as you’re prepared to put into it and surely if something’s worth doing it’s worth doing well?

 To become an expert at anything takes time, endurance, perseverance, commitment and above all the belief that you can do what you set out to do. If you don’t believe in yourself then how can you expect anyone else to believe in you?

Questions: Don’t be scared to ask them! If there’s something you don’t understand and need to know then ask the question. It doesn’t matter if you think it’s a dumb question! I’ve asked DOZENS of questions on the TMA forum, maybe some people thought they were daft, but I learnt so much from the answers I received.  There are so many people on the forum who want to help you succeed, I can’t tell you how helpful they’ve been.

 I’m no expert, but I KNOW that if you want something badly enough and pursue it long enough then you will eventually get it. I want to help others to become successful Property Investors and by doing this I’m increasing my circle of contacts and friends which will ultimately help me to achieve financial freedom, not just for myself but for everyone else involved too.

Keep setting your goals weekly to keep you focused (more about the importance of goals in another post)  and attend as many property meetings / seminars as you can because this will keep you motivated and moving forward.

 In my next post I’ll talk about how I made over £12,000 on an ‘Assisted Sale’ in 8 weeks using none of my own money (a strategy I learnt on the TMA Course) so please follow my progress!

My very best wishes,

 Suzanne 🙂

DISCOVER THE SECRETS OF FINDING AND BUYING YOUR OWN BARGAIN PROPERTIES:

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2 Comments (+add yours?)

  1. kim stones
    Sep 17, 2010 @ 14:15:14

    Hi Susie

    I like the idea of making yourself accountable it will help you get to the top..where ever that is…..’ What doesn’t kill you makes you stronger ‘ ‘ Life is a journey not a destination ‘ two of my favourites..oh and ‘ if it was easy everyone would be doing it ‘ good luck looking forward to reading your journey if you need any help or advice call me 07979690484.

    Kim Stones Doncaster

    Reply

    • Suzie B
      Sep 17, 2010 @ 15:21:10

      Hey thanks for that Kim, I’ve seen you speak before and people speak very highly of you, you’re an inspiration so keep up the great work!
      I have a long way to go but with people like you behind me it will make the journey a lot easier. Hope to get to chat with you soon 🙂

      Reply

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