The trick here is to start small, build your confidence and then grow your portfolio.
2
Education is Key
Seek out the best education opportunities. These could be through online books, real estate investing apps and online courses and academies like EDPF Property Academy. Real Estate Investor hosts topical webinars that consist of information about investments in the real estate sector for first time and veteran investors, this is your time to take advantage of such opportunities.
3
Network
Network with like-minded property investors, developers, and property practitioners. Not only will this be a great source of deals but will also expose you to potential equity partners and funders.
4
Prepare Yourself for a New Mindset Learn to have patience, faith, passion and get ready for hard work, tough times, tough decisions, and sometimes great sacrifice.
5
Build a Competent Team
You will need someone who has walked the road before you so that you don’ t make unnecessary mistakes. You will need a mentor, accountant, tax consultant, lawyer, estate agents and bond originator.
SA Real Estate Investor Magazine FEBRUARY 2021 23