Breaking Free! Conquering the “’I Can’t Afford It’ Mindset”

Welcome back to the daily Wealth Through Property email series!

Investing isn’t only for rich people! There are plenty of “everyday” people in average-paying jobs investing all the time. In fact, you don’t need a lot of money to get started with property investing. But you do need to pay attention to the ongoing costs.

If you’re looking at properties that are out of your week-to-week price range, you’re looking at the wrong ones. A good investment property with the right characteristics, and in the right location will pay for itself. The rent you receive from an investment property, together with your tax return from the property’s depreciation, should cover all the property’s expenses (such as loan interest, property management fees, maintenance costs, and so on).

Does this sound too good to be true? Well, it’s not. You just need to know what you’re doing. These properties do exist – they’re called positive cash flow properties. No matter who you are or how much money you have, once you’ve secured the right property with a deposit, it shouldn’t cost you anything from week to week to hold. There is absolutely no reason to be afraid and think that you cannot afford to invest in real estate.

If you’d like to find the right property to start your investment journey, allow my team and me to assist you in finding a property and setting up the right structure to ensure you aren’t out of pocket with your portfolio. Go to www.integritypropertyinvestment.com.au to get in touch.

Stay tuned for more daily insights from my book, Wealth Through Property.

~Daimien Patterson

Get Started Now!
Get the Book

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Legal Disclaimer: This information ('the information') is presented for illustrative and educational purposes only. It is not presented nor should it be treated as real estate advice, legal advice, investment advice, or tax advice. All investments involve risk and potential loss of money. If you require advice in any of these fields you should contact a suitably qualified professional to assist and advise you. Your personal individual financial circumstances must be taken into account before you make any investment decision. We urge you to do this in conjunction with a suitably qualified professional. Daimien Patterson, IntegrityX Enterprises Pty Ltd, and their associated trading names, companies, researchers, authorised distributors and licensees, employees and speakers do not guarantee your past, present or future investment results whether based on this information or otherwise. Daimien Patterson, IntegrityX Enterprises Pty Ltd and their associated trading names, companies, researchers, authorised distributors and licensees, employees and speakers disclaim all liability for your purchase decisions. You should do your own independent due diligence and seek the advice of qualified advisors before making any investment decision.