2 . Your real estate investment journey , you have made and the most important lessons you learnt from the experience in your capacity as an investor ?
My property investment journey began with Robert Kiyosaki ’ s training in London in 2005 , where I learned the importance of investing for cash flow . This principle remains central to my investment strategy today . Here are some key insights and lessons I ’ ve gained along the way :
Start Small : Begin with smaller deals to build your confidence and experience . As you gain knowledge and success , gradually move on to larger investments .
Build Your Power Team : Surround yourself with a reliable and knowledgeable team of professionals , including real estate agents , contractors , property managers , and legal advisors . A strong team is crucial for successful investments .
Scale Up Gradually : With each subsequent deal , aim for slightly larger investments . This gradual scaling helps mitigate risks while allowing for growth .
Choose the Right Entity : Ensure that you are purchasing property in the appropriate legal entity to maximize tax benefits and protect your assets .
Prepare for Challenges : Property investment is not always smooth sailing . Be prepared for unexpected challenges and budget not only for day-to-day maintenance but also for future expenses , such as a mini refurbishment five years down the line .
Cash Flow is King : Always prioritize cash flow over potential appreciation . A positive cash flow ensures that your investment remains sustainable and profitable in the long term .
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