Author Nick: Suzie Crawford
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An important question before we discuss marketing strategies is do you have a Marketing Plan for 2011? Do you have a 12-month Marketing Calendar that details what marketing activities you plan to take each week? Every day you go to work, do you know what marketing activity you must complete on that day or that [...]
The main business strategy that has reduced the amount of hours I work in my business is implementing business systems. By putting systems in place I am able to run one of my businesses from home in only two days per week. This has happened without taking a cut in my income … in fact [...]
Accountability to me means being clear on what you want to achieve, accepting responsibility and consistently taking the necessary actions that will lead to your desired result. I believe that you can have business success. I know I can achieve my business goals. I have the health, physical ability, mindset, knowledge, education and support to [...]
Many of us only give whatever time we have left over after work, surviving and sleeping to the things we truly love and value. We have to turn that equation around. If you look at your life, you should be spending your time doing the things you love. It is not enough to just know [...]
Here is my story of how I got started in the property market at the age of 24. I purchased my first property in 1993 for $82,500. Interest rates in Australia had come off highs of 17% in 1989 and 16% in 1990. There was still a lot of fear in the market and property [...]
Writing and staying focused on your goals is absolutely critical to your success. It’s important to continually look at the goals you set. If you don’t achieve everything you planned to achieve in the previous month, that’s OK. Write it down again … the goal is still important, you may just have had your timing [...]
Early in my 30′s, I started to believe that the possibility of becoming financially independent well before the ‘normal’ retirement age was certainly a possibility. I believed becoming financially independent was possible, but I certainly had the wrong plan. If I continued doing what I was doing, I probably would have just ended up with [...]
It is standard practice for us to include a building and pest inspection clause on the contract, whenever we buy a property. Earlier this year I had an excellent experience with a building inspector. Our pest inspector referred the building inspector to me. I always use independent inspectors that I have sourced. Here is a [...]
Surrounding yourself with a team of professionals with the validated experience and knowledge to help you achieve your goals, is critical if you want to be a successful property investor. One of the professionals you will need on your team is an Accountant. Here is what I look for in a good Accountant. 1. Someone [...]
Every property that we have purchased has provided a huge learning opportunity. We purchased our first investment property in 1999. A brand new two-bedroom townhouse in a gated community in the outer suburbs of an Australian capital city. Initially we were the excited owners of a brand new property. A couple of years later, our [...]
It is commonly said that you make money when you buy, not when you sell. However, often this lesson is not learned until you try to sell a property. I remember the first property I tried to sell. It was a two-bedroom unit in a small complex of eight. A lovely unit … only four [...]
There are many different strategies to make money through property and each one brings with it a different level of risk. You need to understand your own comfort level in terms of risk, and select an investment strategy that is well aligned with your tolerance to risk. If your tolerance to risk is not aligned [...]
Our property investment strategy is to buy and hold property in a good location, manage our cash-flow so we can hold the portfolio for the long-term and see our wealth build as property values increase. Understanding gearing is an essential part of this strategy. Gearing enables us to continue to buy investment properties. I’ll work [...]
You can be a successful property investor. You’ll soon learn that the actual steps in buying property are not that difficult. However, the reason many people are not successful at property investing is often because of mindset issues for example fear, lack of discipline, laziness, lack of focus. It is important to learn not only [...]
I gain no greater satisfaction than when I am helping others. These feelings have lead me to my chosen career: a business helping others to achieve success. My husband and I were awakened to this amazing notion that two regular people on regular incomes from regular families could achieve financial freedom through self-education, focus on [...]
You are in control of the path the rest of your life takes. If you had everything available to achieve whatever you wanted in life, what would your life look like? What are your dreams? What are your life goals? What is your primary aim in life? When you think about something as big as [...]
You may know what you want out of life. You may know what your ideal life looks like. However you need to be very mindful of the distractions that could hinder you from achieving your goals. If you say you are going to do something, it is because it is important to you. You are [...]
A Property Manager is the person who manages your properties, maintains and upgrades them whilst acting as a liaison between you and the tenants. The question often comes up about whether we self-manage our properties or use the services of a Property Manager. We made the decision to have a Property Manager for all of [...]
The reality is that investing in property is not an easy journey. As they say, if it were easy everyone would be doing it. Less than 1.5% of investors own more than four investment properties and 87% own only one investment property. However, depending on where you invest, you would need to own five properties [...]
To be a successful property investor, there are many things you need to consider. Ideally, these questions should be researched and answered before you start on your property-investing journey. As we have found, it can be expensive to later find out you should have bought a property in a different structure, or have committed to [...]
