Do You Want to Secure Your Financial Independence by Investing in Property?
Did you know that sometimes it’s much easier to make a mistake in real estate then to succeed? “People fail all the time but never talk about it” according to expert Buyer’s Agent Miriam Sandkuhler.
In her many years of experience, she has seen a lot of mistakes, for example, “people buy a property based on biased advice only to have it lose value five years later. Or purchase properties that are compromised in the first place.”
Before getting started it is important to realise the associated risk. The risk is that people can lose money even in a rising market.
Miriam says that searching for the property is the last thing to do. What you do first is lay the foundation to reduce risk and maximise return by researching growth drivers and areas, selecting the suburb, finding the property and then analysing it. These are all vital steps that determine if you are going to make money or not.
As the owner of Property Mavens and from years of practical experience buying hundreds of properties, Miriam has created a quiz based on her best selling book Property Prosperity - 7 Steps to Investing like an Expert, to help you get property-ready! Whether you are a seasoned investor or new to the investing world this quiz will open your eyes to where you lack knowledge and face potential losses or risk.
Who should take this quiz?
Everyone! Miriam says, “I’ve had clients of mine take it years before they worked with me. I've had clients take it after they worked with me. I’ve had my accountant take it.” Anyone who is interested in investing in property or has invested in property should take this quiz.
What will this quiz help me do?
Just because you have bought property before, doesn’t ensure that you have done it wisely or profitably. Anyone who is interested in investing in real estate needs to understand their knowledge gaps to better protect themselves and make smarter and more profitable investment decisions. This quiz will reveal your areas of weakness and then give you the opportunity to learn more about those particular areas.
Miriam warns, “If you take the quiz and don’t know what a question means or don’t understand the importance of the answer, then that should ring alarm bells!”
What’s in the quiz?
As you take the quiz you will note 3 sections that are broken down into sub-sections as follows:
1. Plan
- Do you have the right property knowledge?
- Do you have a documented plan?
This section is great because it will open the discussion about your property journey, identify why you need to have a documented plan and clarify what that plan should look like.
2. Research & Advice
This section highlights important points when bringing a trusted team of experts together.
- Who do you get advice from?
- How do you manage risk?
You need to engage the right team of experts together and you need to do the right research. Beyond that, you need to understand the information about property in the marketplace.
3. Outcomes
- Do you know the rules of negotiation and tactics when you are working with selling agents?
- How skilled are you when it comes to reviewing your portfolio?
By applying the tips provided to you in each section and having improved knowledge levels and skills, this will ensure you get a more profitable outcome when it comes to property investing.
Don’t give up on property investing! Learn more!
Even if you get a low score, Miriam says, “Don’t give up!” The whole quiz is based on the Amazon best-selling book Property Prosperity.
If you want to further educate yourself, you can buy a copy of the book and review each of the sections in greater detail.
A buyer’s agent in Melbourne or your own city can help you make more informed choices. If you’re looking for a buyer’s advocate in Melbourne to help assist you with purchasing an investment property, Property Mavens has you covered.
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About Miriam Sandkuhler, Property Investment Advisor
Property Mavens Founder, Miriam Sandkuhler, is a Licensed Estate Agent, Accredited Property Investment Advisor - accredited by the Property Investment Association of Australia (PIAA) - Best Selling Author and an REIV award nominated Buyer Advocate.
With Diplomas in Property and Business Studies – in a non ASIC regulated industry, she’s uniquely qualified to develop and also fulfill successful and sustainable property investment strategies for her diverse range of clients - investors, SMSF trustees and home buyers alike.
