The 'Time' value of money!!!
Brett Alegre-WoodChairman, YPC Group
Hey guys,
I'm sitting here watching 'The Price of Property' -- a Channel 4 special and it's quite funny because the repeating theme is the fact that most people who've done well weren't 'smart'. They just held the property for long enough.
I cannot repeat enough that the way to make money in property is to hold it. In my own portfolio my star performers are the ones that I have held the longest. Without question!
The problem has always been that so many people jump into property with unrealistic expectations of making huge profit in record time. It just doesn't happen like that. Sure -- you might pull it off once or twice in a great market but the real money is in holding over the long term.
Are you interested in long term profits, passive income of £500-£1000 each month — and complete financial freedom from investing in UK properties?Sign up for my brand new, free online property course to learn the proven way to use property as a vehicle to achieve financial freedom as the recession eases and confidence grows.
This is the very same information many have paid thousands to learn! It's valued at £199 per year and each week, I'll teach you everything I've learned while building the portfolios of thousands of my clients over the last 15 years. Learn from my experience and avoid making the mistakes I made!
You'll learn all this and more in just the first 3 weeks of this course:
 Plus, a special bonus: you'll receive Brett's regular video updates, delivered straight into your inbox, where he turns on his video camera and decodes the week's property news for you!
|
Join our newsletter list for FREE today and you'll receive as a bonus a complimentary PDF copy of Brett Alegre-Wood's best-selling book The 3+1 Plan!
You'll learn the safest time-proven strategies that will guide you and grow your portfolio during any economic boom, bust, recession or downturn.The 3+1 Plan is a step-by-step guide that will show you how, with just four properties, you will be able to fund the lifestyle you have always wanted. Even before you retire! Immediately you register for our newsletter we'll send you the PDF download link for this award-winning book so you can start reading right away...
| ||||||||||||
| |||||||||||||
7-10 years, not 18 months to 2 years.
I remember one of my mates back home in Australia who started investing the same time as me. He would buy and sell and take the profits. He lived a great life. My mates looked at him and thought how wealthy he was, they looked at me and asked why I didn't do what he did. He would turn up at night clubs and 'shout the bar' (buy drinks for everyone), wear the best clothes and he drove a great car (normally a Porsche or something fact like that). He epitomised lifestyle -- the lifestyle that I wanted.
The difference was that I bought and held, bought some more and bought some more. I held and held some more and slowly over the next 10 years I watched my portfolio grow to the point where I could have lived his lifestyle, in fact it would have been easily done.
I met up with him about 2 years ago and realised that I had chosen the correct path, the path of delayed gratification, that delaying the gratifying pleasure of lifestyle now and putting it off until you could truly afford it 100 times over.
You see 8 years on and we both remained in property, he had continued to buy and sell and work hard to do the deals needed to maintain his lifestyle, I had bought and held and moved overseas and done, well nothing, nothing for about 6 years. and in that time my portfolio had doubled, then doubled again.
My wealth had grown out of sight, his wealth had remained well, kind of stagnant.
You see to keep the lifestyle up he had to continue to buy and sell and every time he had to buy another property it was at the higher price that the market required, so as my property increased in value he had to pay the higher market price. So a large portion of his profits were lost due to the market increasing. He was losing potential profits every time he bought a property.
8 years on and the difference was stark, he could see it and I could see it. To his credit he has changed his ways in the past two years and is working hard to build his portfolio, knowing that this will build his wealth.
That's why my first, best and most accurate advice in any market on property investment is 'Buy and Hold'.
Live with passion,
Brett Alegre-Wood
Reader comments for the article 'The 'Time' value of money!!!'
You're invited to join in the discussion of this article. Do you have advice to share? An opinion or some feedback that adds to the discussion? Feel free to add it below! (Please note though that ALL comments are checked before they're posted.)
Brett reporting from Malaysia, should we open up an office in Malaysia?
How will the Euro affect you as an investor?
Is it realistic to have cashflow positive investment property 100% of the time?
How Much Capital Do You Need To Get Started In Property Investment?
How Quickly Should An Investor Build Their Property Portfolio?
Brett reveals London's newest, still-unknown hotspots in new video