Property Investing Made Simple: 5 Steps to Success

Investing in real estate doesn't HAVE to be complicated! Today I chat through my 5 simple property investing steps.

1) Do your research: Understand the market, narrow down to a specific area, and look at the quantitative and qualitative data to make informed decisions.

2) Set yourself up with clean financials: Have a separate bank account for each property, and get confident in dealing with brokers and banks.

3) Take action: Don't worry about timing the market, focus on time in the market. Understand your risk profile and build your asset base.

4) Find the right management: Find a set-and-forget property manager who will charge a fair fee and provide you with high-quality service.

5) Track your property portfolio: Use a spreadsheet to track all of your income and expenses. This will help you to maximise your cash flow and make informed decisions about your investments.

Don't forget... Be patient: Property investing is a long-term game. Don't expect to get rich quick. Be diversified: Don't put all your eggs in one basket. Spread your investments across different properties and locations. Get professional advice: If you're not sure about something, it's always a good idea to speak to a professional, such as a financial advisor or a real estate agent.