The Progressive Property Podcast 10 things I've learned in property over the last 20 years Part One
Welcome to this two-part episode of the Progressive Property Podcast, today your host Peter Jones shares five things he’s learnt in property from over 20 years of investing.
Hear the multiple investing strategies you can employ to reach your investing goals, and why you too, should adopt and adapt what the successful say and do and make it work for your own circumstances. Peter dives into his key learnings from over two decades of investing in his own right and shares the finely tuned steps you can follow to be successful. It doesn’t matter if you're a beginner or a pro, lack finance or confidence you can become a property investor as long as you investing in your foundation, your education.
KEY TAKEAWAYS
- There’s rarely just one way of doing things - Listening and learning from others will show you that there are multiple ways of achieving your property goals. There can be more than one right answer, so don’t give up after one attempt. There are numerous strategies to achieve success in property, the best way to do anything in property is to choose the solution that’s best for you and best suits your circumstances
- Most things that we worry about don’t actually ever happen - Most investors will take very little action at the start of their journey because they're worried about what might happen. In reality, if something does happen it’s usually unexpected and unprepared for.
- A lack of money should not hold you back from getting started in property - The key thing to consider is it doesn’t have to be your own money and you shouldn’t let this stop you from purchasing property. There are multiple ways of financing property you just need to get educated on it. Train your mindset and become a property investor. If you consider yourself poor you will act poor.
- You don’t have to run out of money - If you invest correctly you can continue to buy all from your initial investment. Refinance your portfolio to keep expanding by taking out the equity.
- Some things in property just take time - There are parts of the property industry that simply take time, so be patient and let things happen. Try not to get too stressed and realise this is part of the process.
BEST MOMENTS
“The failsafe mode in all of us is to not do anything, this actually causes us more harm.”
“Don’t let worry stop you from taking action”
“There are numerous ways to get into property no money down”
“Those who know the least, often shout the loudest”
“Your education has got to be foundational”
“There are no hard and fast rules in property”
“Modelling yourself on those that are successful is worthwhile if it works for you.”
“You have to educate yourself, the more we know, the more informed we are and we will be able to make decisions for example if the property market were to crash, it doesn’t matter because if you’re educated and you will be prepared for it.”
CONTACT METHOD
ABOUT THE HOST
Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was
one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success he was invited to be a guest writer for Property Secrets, and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.