Real Estate Investor Magazine South Africa October 2016 | Page 28

FINANCE The Path to Passive Income Taking The First Step: Preparation BY GERT VAN STADEN O ver the last few articles, we have discovered that passive income is the key to wealth, and that property investment is not only the easiest way, but also the best way, to generate passive income. The next question, then, is how does an investor get started? At P3, our 2500 property investors are implementing a unique 3-pronged approach to creating passive income, which encompasses Preparation, PreSelected Properties and Partnership. Preparation – The First Step The knowledge of how to invest in property successfully, where the challenges are and how to overcome them easily and cost-effectively, is a crucial success factor. When you join our property investment group, this knowledge is conveyed through the must-read book: Property – Your Key To Wealth. It is accompanied by the P3 Business Manual, a step-by-step manual to implement the system seamlessly. We also provide state-of-the-art software to help you make the right decision on every investment opportunity. In addition, we professionally assist our members to create their own personalised Roadmap to Wealth™, detailing every step on their way to passive income and building wealth. It is a structured plan based on the tried-and-tested P3 Investment System, clarifying your current financial position, your primary and secondary financial goals for the future, and the stepby-step actions, with realistic deadlines, to help you get there. Planning for success For example, your primary goal as a property investor should be to replace your current income with passive income by building a property portfolio. Your Roadmap to Wealth™ will help you to determine 26 OCTOBER 2016 SA Real Estate Investor how many properties you need to acquire, and at what time intervals, to achieve this goal. Once the goal is clearly identified, the action steps that will enable you to achieve the goal can be mapped: for example, determining how many properties you can realistically acquire given you current financial situation, ways to improve your cash flow position, setting up a trust, building up a reserve fund, selecting and acquiring the first property, putting the right management systems into place, and acquiring your next property. All of these action steps are detailed, with the required resources, tools and systems, as well as realistic deadlines, allocated to each. Once your plan is in place, you have access to a mentor to guide you with advice, answer your questions and provide suggestions to resolve any challenges. And we also keep you updated on the latest property news and trends and share tips and insights from 13 years of property investment experience. Don’t miss the next articles to find out more about P3’s unique 3-pronged approach and how our PreSelected Properties and our Partnership offerings streamline and fast-track our 2500 property investors’ path to passive income. SPECIAL INVITE FOR REIM READERS You are invited to watch an online video presentation by Gert van Staden, CEO of P3 Investment Group, in which he explains the crucial aspects of the P3 Investment System that build wealth for our members, including the type of property that offers the best returns and how SARS can become your partner in successful property investment. Simply visit http:// p3propertyinvestments.co.za and follow the link to the presentation. RESOURCES P3 Investment Group www.reimag.co.za