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Property Investing Course – Which One is Right For Me?

Category : Investing

Trying to find a good Property Investing course that you can trust can be a very hard task. There are many different kinds of Property Investing courses – Seminars, Property Sourcing, Real Estate Investing Coaching, Home studies plus many more. The first decision you need to make is “What kind of Property Investing Course do I want to do”.

What kind of property investing course you decide to do will depend on where you are currently at in your Property Investing career. Someone who already owns 10 properties will probably be looking for something different than somebody who is just beginning their property investment journey.

The main point that separates most property investing courses is this

- Some property investing courses offer you a step by step education or guide on ‘how to invest in property. Then after you finish the property investing course it is up to you to act upon this new found knowledge and put it into action.

- Other property investing courses will be much more ‘one and one’ and literally hold you’re hand as you go through the process of buying your investment property. Generally these courses will actually ‘source’ the property for you.

So which Property Investing Course Should you choose?

The Education and do it yourself approach

Or the

Let the Professionals make the decisions and hold my hand approach

There is no right or wrong answer here; it simply depends on your individual situation.

Let have a look at some of the positive and negative aspects of these two different types of property investing course.

The Education and do it yourself approach

This style of property investing course suits people who have the desire (and the time) to become long term professional investors. At times this strategy will be hard and you may even feel like giving up but if you choose a good course then you should feel supported enough to be able to put their instructions into action. The main benefit of this type of course is that once you have learnt, understood and implemented the information you will forever have these skills at your disposal.

The best thing about most of these property investing courses is that that nearly all offer 100% money back guarantee. This gives you a no risk option to try the course and if it lives up to expectations then you can decide to keep it.

Let the Professionals make the decisions and hold my hand approach

This style of property investing course suits a number of different people. If you don’t have enough time or simply aren’t interested in learning how to invest in property but want the results then some of these courses can be great. Or if you would like to become a professional investor but feel like you need a helping hand with the first one or two properties that you buy – just to make sure that you are doing everything right.

Generally property investment courses that include property sourcing will cost slightly more than a course that only offers an education.

So what type of person are you? Remember that there is no right or wrong answer; you simply need to find the property investing course that best suits your needs. The most important thing is that you actually take some action and begin your property investing journey. If you are yet to buy an investment property then it may currently feel like an impossible dream but believe me – once you start increasing your knowledge you will be surprised at how fast you are able to start creating a property portfolio.

Grow Your Property Business By Outsourcing

Category : Investing

When I first started in property I would do everything myself. For example, I would source the property, prepare the property for letting, look for tenants, reference them, arrange viewings and do a lot of the property maintenance myself.

This was a real drag on my time and I found myself working harder and for longer hours than I would have preferred to. However, due to a lack of focus, the business wasnt growing.

I later learnt that this was not the best way to run a successful business. By doing everything myself, I was actually hurting the business. I was focusing on menial jobs and not the most important job of all – that of growing the business.

I then began to outsource and the business benefited significantly as I was spending my time as a business owner and not as an employee.

Some of the things a property investor can outsource are:

- Property maintenance: anything including painting the walls, changing washers and the gardening can be outsourced.

The cheapest way to handle property maintenance is by finding a good odd job man. This is basically someone who has skills to complete most of the general maintenance tasks around the house.

For specialist jobs such as roofing and electrics, you can outsource to professional tradesmen.

- Finding tenants: this can be outsourced to a letting agent.

By outsourcing the tenant finding you will save yourself a lot of time as you will no longer need to organise property viewings, interview tenants, apply for references etc

- Handling calls and general administration

If you are not able to afford a full time assistant, you can hire someone part time to handle any business enquiries.

An alternative to using a traditional assistant is to hire a virtual assistant. This is a great cheap alternative as you only pay for the virtual assistant’s time on your jobs, rather than a fixed income per week.

A virtual assistant can not only handle your phone calls, but can also be used for general secretarial tasks including answering your emails.

You can find a Virtual Assistant by for example, doing a Google search and choosing a firm that you can work with.

The only job I would recommend you dont outsource immediately is that of property sourcing.

Finding your investment property at the right price is the primary role of a property investor. If you were to outsource this, you could be in danger of losing your business.

However, you can still use property finders to source properties but this would be to supplement your activities in this area, not to replace them.

Your business will only grow if you focus on it on a daily basis. Leave the subsidiary tasks to the specialists as your time is certainly worth more than the 10 pound an hour you would pay a painter and decorator.

You should aim to develop your property business into a fully automated system. This way, you can remove yourself from the business and the business would still continue to run without you, on autopilot.