Property Investment Tips for Millennials
Millennials are often criticised for impulsive spending habits, but truth is, it is possible to have financial freedom and an impressive property portfolio even at a young age.
Of course it’s not easy work. You need to learn about where to put your money, how to make better financial decisions and how to efficiently grow your portfolio. You need to understand the market and review various properties to find out which ones are most profitable.
Investment property sounds like a lot of work, but hey, it’s definitely a better option than getting stuck with a job that you are not happy with. It’s completely possible to create passive streams of income and live the life you want.
Take the story of Sasha Hopkins of The A Team Property Group. At the age of 26, Sasha was able to acquire 12 properties on a single income. Now with his knowledge in multiple investment strategies, he wants to help millennials achieve the same things he did.
1. Study the market and get the necessary knowledge
The thought of investing in your property and making a lot of profit is pretty exciting. However, you need to work hard before you get there. You need to do your research to understand things like your target price range and various property prices. The more you understand the concepts of property investment, the more confident you will be with taking risks and investing your money. On our website, we have various tips and tricks that can help you minimise risk and earn more money in the long run. Invest time in learning about various strategies that can help you achieve your goal.
2. Find a mentor you can trust
With all the new information and all the investment options that are out there, it is easy to feel overwhelmed. It’s good to hear advice from a mentor who knows what it’s like to take the risk and eventually reach goals.
It is best to find a mentor who understands what it’s like to be young. While it may be tempting to ask someone who is older, it is probably better to ask for advice from someone in your same demographic. Your investment strategy in your twenties or early thirties should be tailored to your specific situation and goals.
If you are looking for someone who started early, it is a good idea to speak to Sasha Hopkins. He purchased his first property when he was 21, and he grew his portfolio from there. You could be just like him!
3. Start ASAP
They say that the best time to purchase a property was yesterday.
While you are young, it is easy to delay investing in property because you are still you think you still have a lot of time. However, if you want to be financially free, you should start while you are more flexible and you don’t have a lot of responsibilities yet. When you get older, you may no longer have the freedom to adjust your living situation and set aside more money for investment. Even if you don’t have a huge income yet, it is possible to do it! If you want to get started today, Sasha Hopkins and The A Team Property group would love to help you out.
4.Build your network
No matter what industry you are in, building your network and getting to know the right people is an important aspect that will help you become more successful in whatever you do. In property investment, you’d want to be surrounded by the right people who can help you have the right knowledge about how to invest your money right. You will get to hear tips about where to find the best properties and when is the best time to buy. Property investment can be difficult if you are trying to do it on your own, so invest in building a network of people you can trust.
5. Understand that you need to take a risk
Investing is never a risk-free experience. Once you understand that you can lose your money with one wrong move, you will likely be more interested in analyzing your strategies. Remember, investment is not an emotional experience. You need to understand the math in order to really make a profit. If you are looking for a fresh and innovative approach that can help you achieve wealth and financial freedom, then Sasha Hopkins and The A Team Property Group would love to help you minimise risk and maximise results.
6.Believe that you can do it!
Let go of your “what if’s” and just take the leap. Yes, there are times when you might make mistakes. You might also make wrong decisions and encounter failure, however you won’t achieve anything if you let your fears take over. Don’t listen to the voice telling you that you won’t make it. Just do your best, take the leap and trust that you will achieve your goals.