Business is different from property, you are more emotionally attached to businesses, they tend to become like a baby and there are usually more people involved. This can prevent you from making objective decisions.
Most people in property are paid based on results or services you don’t’ need permanent employees in a property business.
Get mentors to get over your limiting beliefs around property
David started with no money. It is a mindset issue David explains how he gets people out of these limited beliefs when he was mentoring people. The 2 things that are holding most people back:
1.Fear that they are not enough
2.I am not worthy
3 type of investors
1.Part timers on the side of their normal job
2.Dreamers, no guts no money skilss
3.Full time investors, not a very common thing
Options for people interested in property but don’t want to invest full time
Structured investment vehicles
REIT’s on stock exchange
Private property funds / Trust 6-8% annual dividend 7-10 years
Syndications
Angel investor private investor David usually gives them a good return on their money because most of these deals are used Interest rate on their money (floating rate). David will charge a management fee as a project manager. And the profit will be split 30-7- to 40-60 in favor of the party that put the deal together.
Erik & David don’t invest in things that we don’t understand and only in people we believe in. David charges interest rate on his money and a % of profit at the end of the deal.
We discuss how you can start investing with an experienced property investor can be really rewarding.
Businesses will create cashflow a lot faster than property will but property will get you there in the long run.
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