Oct 23, 2017
Today, I am going to answering
some of your questions. The first one is about how to predict
property prices. Wouldn’t that be nice to know?
We’re also going to talk about
how to invest on a budget. Everyone has a budget of some type.
Ahmad Imam is going to answer this question for us.
In my mindset moment, I explain
why it’s important for you to fail. Don’t be put off by this topic
because the end will be worth it.
How to Predict Property Prices
can’t really predict property prices, but we can try to find
properties that will outperform using the three Ps: people,
purchasing power, and places.
time buyers and investors are generally at the lower end of the
- Middle markets are changeover buyers or people
end of the market are more prosperous buyers driven by the business
important to understand the different types of property
- Purchasing power has been high until recently.
Now purchasing power will be driven by the ability to get
- People move where there are jobs and higher
salaries give them more purchasing power.
Mindset Message: Why you should
matter how successful people are, they all make
game is won by losers. If you don’t fail at something you aren’t
trick is to keep trying and manage failure
you want to be successful, you will first have to fail.
Investing on a Budget with Ahmad Imam
- Affordability is at the top of everyone’s
budget is set at the bank’s.
- Location is in your control and is critical.
80% of property performance is due to location. Don’t compromise on
property must be investment grade.
- Biggest mistake is to buy based on
is important, but not all land is created equal.
Links and resources:
Favourite quotes from the show:
“Examine almost any shiny
success and on the flip side you are going to find grimy failure.”
“The truth is success scares
people.” Michael Yardney
“Property values are driven by
the three Ps: people, purchasing power, and places.” Michael
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