DEMAND AND POSITIVITY

In this episode, Gordon explains how to assess the demand for property and your strategy in an area. He provides useful tips and advice that will enable you to find the right property and as Gordon continues his own journey he tackles the importance of being around positive people as you set yourself up for success.  

KEY TAKEAWAYS

• Negative Momentum and How to Avoid it

There are opportunities to fail every day, but this can be turned around with a positive mindset.  It is the small wins that maintain the momentum and drive positivity forward.

‘Every day there is always room for one more win’. If you try adopting this approach the wins begin to add up and gain momentum in a very short space of time.

• How Planning has Helped Me

Having a planned day meant that even though I was very delayed I was able to move things around and complete all of the tasks required. Planning ensures that you have a very clear understanding of what you are completing and allows you to maximise your time in the most efficient way.

• Demand for Property

When assessing demand for property it’s important to understand that demand in an area will be different for various strategies e.g. rental demand will be different to the demand for corporate lets.

There is no point buying a property in an area where there is no demand for your particular strategy. It will be a waste of your time and money, you will be setting yourself up for failure.

• How to Check Demand

Rental – Use spareroom.com - check the number of rooms available in your area and how long they’ve been available. Also, check the list of people who are looking for rooms as it is a good indicator of demand.

Purchase- Use Right Move or Zoopla – find out how long properties in your chosen area have been on the market. If a lot of properties have been on the market for some time then it may not be an area of high demand.

Building a positive relationship with estate agents in your area is a good idea, as their local knowledge about the market trends can be invaluable.

• Positive People

I am a firm believer in having a lot positive people around you it’s vital that you don’t let negative people rule your life.

‘You are the average of the 5 people you spend the most time with’

If the people around you have a negative mindset and don’t encourage you and are unsupportive then you need to change those people.

Spend time with people who help create a positive environment around you and set yourself up for success. People who challenge you in a positive way can help your life move up a level.

BEST MOMENTS

‘Look at the demand focused on your strategy’

‘Could vary street by street’

‘Get that picture of what the demand is like in any area’

You can spend time with them, just spend more time with the positive group’

‘Go where you are celebrated not tolerated’

VALUABLE RESOURCES

 https://itunes.apple.com/gb/podcast/the-property-entrepreneur-podcast/id1444440796?mt=2

ABOUT THE HOST

Welcome to the Property Entrepreneur Podcast. We don’t know about you, but we’re fed up of being broke and relying on exchanging time for money working for others. Join Gordon Done on his journey to becoming a full-time property investor. You’ll get a no holds barred introduction to property entrepreneurship.

It doesn’t matter if you’re completely new to property or you’ve been working in property for years; we’ll give you the tools you need to create a mindset for success. We’ll help you avoid any mistakes we make along the way while giving you the blueprint to any successes we achieve.

Join us on our journey to becoming professional property investors and learn how you too can become financially free through property entrepreneurship.

“Financially free…Brick by Brick”

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