The 3 Stages of Property Investing

https://www.youtube.com/watch?v=rTaa8uc9ytk

The full journey from not owning property to being financially free or wealthy through property can seem confusing and daunting. How do you get from zero to financial freedom through property?

What I've found is there are 3 distinct stages in most people's property investment journey.

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0:00 - Introduction0:52 - What are the stages?2:15 - Stage 1: Buy5:09 - Some cash flow figures for an example property6:06 - Stage 2: Choices (paying down debt)\11:27 - Stage 3: Lifestyle13:07 - Summary14:03 - How to get started on your property investment journey

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The Property Investment Timeline

Transcription:

Ryan 0:00investing in property and the full journey from not owning property to buying property and actually achieving financial freedom or certain level of wealth can seem confusing and daunting, how do you actually get from zero to financial freedom through property. And what I found by working with Ben Everingham from Pumped on Property is that there's three distinct phases of your property investment journey. And by breaking down the property, investment journey and property investment timeline, which we talked about in a previous video into three distinct phases, makes it really easy for you to say what to focus on. Now, in order to achieve whatever your goals are down the track. And for me, that's financial freedom. So in this video, we're going to be looking at those three stages. And what you could be focusing on in each of those stages. The stages are super simple. The first one is called the buy phase, or the buyer stage. And that is when you're actually purchasing properties, building up your portfolio, all of that sort of stuff. So where's my pictures, properties, here, we've got properties with granny flats as well, that is during the buy phase of the journey. The next step, the next stage, is what we call, we call it choices. You could also call this the paying down debt phase. So we call it choices because this is the stage that you get real choices in your life, and you can really change your life for the better and start to live consciously. And this is I think the most exciting phase of all of them is the choices phase. And then the third phase is lifestyle. And that is where you can actually go ahead and live off your properties. And so your properties, and now you either own them completely outright, or they're just generating enough cash flow for you that you don't need to work anymore. And you can go and live the lifestyle that you want. But ideally, you should have started doing that in choices anyway. So let's go ahead and look at these three stages in more detail. So you can get a better idea for them. So the first stage, which is the buy stage, now this is the most active stage, this is where you're going out and you're looking at the property markets, you're choosing a market, you're choosing a city, the area of the city, you're researching suburbs, and choosing the best suburb that fits your price range and your goals and what you think is going to be good long term, you're looking at the properties in that suburb, getting to know it inside and out, inspecting properties, and ultimately negotiating, purchasing and settling on a property and then renting that property out. So that stage of from saving deposits, all the way up to actually buying and selling on your property is the buy phase. Now that phase can last, you know, as long as you want really, it could last up to 15 years, if you want, what we find is that a lot of people can do quite a lot within just a two year period. And so they can actually go ahead and purchase a house and build a granny flat and pu...