Right mindset key to investment success
Successful property investment is about more than action, it’s about mindset, according to Empire Property Portfolios CEO Chris Gray.
Many Australians find it difficult to make it past their first or second investment property, or to even start investing, because they don’t understand the processes involved, Mr Gray said.
While property investment is not the exclusive domain of the wealthy, Mr Gray said aspiring investors should follow successful business people’s attitudes.
“The investment strategies used by the millionaires are not just practical things you can do, but the mindset you should have.
“Anyone can make serious money from property if they follow a few key strategies, stick to their decisions and stay focused.”
Mr Gray said one important mantra for aspiring investors was not to “fear the gear”.
“Property debt can increase your return and get the return faster.”
Mr Gray said it was also important for aspiring investors keep focused and driven.
“Drive enables you to take risks that very few others would make and get to where you want to be faster.
“Constantly focus on the results of your investments.”