Why Do You Really Want to Invest in Property?

Why Do You Really Want to Invest in Property?

9:13 AM, 22nd November 2024, About 5 hours ago 5

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When people think about getting started in property investing, the reasons they give often sound impressive: “to increase monthly income,” “achieve financial freedom,” “secure my future,” or “build generational wealth.” Maybe you’ve even thought, I’ve always wanted to. These reasons why sound ok but they’re way too vague.

Here’s the uncomfortable truth: property investing isn’t easy. It’s not always glamorous deals and passive income rolling in. There will be hurdles financial, emotional, and logistical. You’ll have to navigate setbacks like bad tenants, unexpected maintenance costs, or deals falling through. When those moments hit, your superficial “why” won’t carry you through.

Why Your “Why” Matters

Your motivation to invest in property has to go beyond surface-level goals. It needs to resonate deeply with who you are, what you value, and what you want from life. A strong, personal, and meaningful why acts as your anchor during tough times, keeping you steady and focused.

For me, property investing is about creating a legacy for my family. Something I can look back on and feel proud of. It’s about building a life where I have the freedom to spend time with my children and be truly present in their lives. It’s about ensuring I’ll never need to sell my time to an employer again. That’s what keeps me going when things get hard.

What about you?

How to Find Your “Why”

Here’s an exercise to help you dig deeper:

  1. Reflect on Your Goals: What do you really want to achieve with property investing? Think beyond the numbers and how will it change your life?
  2. Make It Personal: Avoid generic goals. Instead of “financial freedom,” think: I want the freedom to work fewer hours and take my kids to school every morning. Instead of “monthly income,” consider: I want £2,000 of passive income to travel twice a year without worrying about my bills.
  3. Connect Emotionally: Ask yourself why these goals matter to you. How will achieving them make you feel?
  4. Write It Down: Once you’ve found your why, write it down and revisit it regularly.

Why This Matters More Than You Think

The property world can seem enticing. Watch a few YouTube videos or attend a workshop, and it’s easy to believe you’ll be financially free in no time. But the reality is, you’ll face challenges and uncertainty. The investors who succeed aren’t the ones with the biggest portfolios or the flashiest deals; they’re the ones who know their why and keep pushing forward.

Your “why” is your compass. It keeps you grounded, focused, and motivated when the journey gets rough. And it’s the secret weapon that separates those who dabble in property from those who build true, lasting success.

What’s Your “Why”?

Take some time to reflect. Be honest with yourself. What’s your real reason for wanting to invest in property? Make it specific, make it meaningful, and commit to it. When you’re clear on your “why,” you’re not just starting a property journey you’re creating a foundation for a life you can be proud of.

If you want help defining your why and a step-by-step guide on how to buy a safe and profitable buy-to-let property, click to explore my online course. It’s designed to simplify the process, help you avoid costly mistakes, and set you on the path to property success.

Check out my comprehensive online course, “The Buy To Let Blueprint – Becoming An Investor“, which covers everything you need to know to get started in property investing confidently and strategically. Learn from my 20+ years of experience and start making better property decisions today!

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NewYorkie

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9:58 AM, 22nd November 2024, About 5 hours ago

I was wondering when the 'buy my course' would appear.

Ryan Stevens

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10:22 AM, 22nd November 2024, About 4 hours ago

Reply to the comment left by NewYorkie at 22/11/2024 - 09:58
Yes, I was wondering too!!

Reluctant Landlord

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10:53 AM, 22nd November 2024, About 4 hours ago

Best investment tip? Save yourself £497 and read the RRB for free. You have your answer.

You're welcome.

Freda Blogs

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12:26 PM, 22nd November 2024, About 2 hours ago

Read the RRB and you'll find your WHY NOT!

Ryan Stevens

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13:07 PM, 22nd November 2024, About 2 hours ago

1. Under the RRB you are effectively handing over YOUR asset to a tenant, they can stay there as long as they want;
2. they can challenge every rent increase you propose. You will have to go to an arbitrator to agree market value of rent at YOUR cost, which could take many months, if not years. I believe the revised rent will only take effect once the arbitrator makes a decision.
3. If you want to sell your property you can do so but, if, through no fault of your own, you are unable to sell it you cannot re-rent the property for 12 months.
4. Then, of course, there are all the costs of complying with EPC C ratings, by 2030.
5. Then there are hundreds of rules and regulations and licensing schemes to comply with, with penalties if you don't.
6. In the meantime, tenants can do pretty much what they want with YOUR asset.

Are you sure you want to be, or still want to be, a landlord???

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