The most commonly asked question by newbie property investors

In this video new2property mentor Dan Coachafer gives us the answer to the most common question asked by newbies.

What do you think of this property?
Or
Is this a good investment?

If you’re asking this question, then you are a few steps ahead of yourself and need to go back to the basics before making a decision.

Unfortunately, not me or anyone is able to give a useful answer to this question without knowing in detail your goal & strategy & if you were 100% clear on the two yourself the answer would be clear.

I could tell you why it would be right or wrong for me however you don’t know my goal or strategy so it should mean anything to you, and there is a high chance we don’t have the exact same goal & strategy.

This is actually the number one failure point for most newbies, they buy blind and hope for the best, most follow advise from others who are thinking of their own goal and not the goal of the newbie.

If you don’t know where you want to get to and don’t` have a map to get there how do you know a random destination is right for you?

Let me give you some examples

Your goal could be
• Having property pay all your bills and for you to be hands free within a year
• Happy in your day job want to build long term wealth in property for the future
• Want to swap what you do daily for property

These goals are so all so different & would require a completely different strategy to achieve them.

So in answer to this question

Be clear on your personal SMART goal
Put a strategy in place to achieve that goal

Then you’ll know if the property is right for you.

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