The start of a new year brings with it fresh hopes and new goals for many people. According to Forbes, the most common topics for New Years resolutions are health and finances. Given the massive potential for wealth creation through property investing, it is not surprising that it is a busy time in the buy-to-let market for those seeking financial freedom. For investors looking towards the Irish market, the Irish Property Buyers Handbook 2015 will be available later this month in bookshops nationwide (the ebook will also be available for download). A market analysis for the UK and Spain will follow shortly.
It might also be the right time to think about expanding resources and your investment circle, perhaps by joining one of the many property investing networks operating in each market. As a past – dare I say, lapsed – attendee, contributor and speaker at several investor forums, I fully support the notion of collaboration. However, in my experience many of these clubs and networks have become the hunting ground for HMO or student-lets salespeople in search of buyers and investors. The speakers are of varying quality and credibility, this makes it difficult for attendees to genuinely assess the value of the information that they are hearing. As a general rule, free events are paid for in some other way, so if you do not wish to be ‘sold to’ at such meet-ups, avoid free events. In property, as in life, you get what you pay for; if you value quality property information, data and access to genuine experts then pay for it. In any event, the true value from these types of forums is very often not just the speakers’ contributions but rather getting to know other investors. There is a misconception that all investors compete but many deals require many players and networks or clubs are a good place to start. The wealth mindset is a powerful one and one that can be hugely positive; it can also be an important sphere of influence for aspirational investors and therefore a good starting point.
Over the next twelve months the team at Buyers Broker International will be visiting many of the leading property networks and forums across Ireland, the UK and Spain (to start with) in order to sort the wheat from the chaff. If you wish to share your personal experiences of any wealth networks, good and bad, we will be happy to hear your feedback and share our own for the benefit of investors.
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