There are all sorts of reasons why some people “just can’t” invest.
The most common ones:
- ”I have no money… I can’t afford to buy property…”
- “The market is way too unreliable at the moment… there’s no way I’d invest in it now!”
- “It takes too long to see results with property, it’s just not for me.”
- ”Property… where do I even start?”
- ”I’ll stick with my super fund, I’m not risking my retirement on property.”
If you’ve been considering investing in property, but are putting off taking the plunge, those excuses probably sounded quite familiar.
Yet for every single one of these, there’s a valid counter argument. Let’s take a look at these now…
Excuse #1: “I don’t have enough money to buy property”
The most common and often the most misunderstood excuse.
Many people think that you need to have a sizable deposit saved up before buying a property, but that’s not necessarily true.
Depending on your own financial circumstances, you could use the equity in your own home, or buy a higher percentage of the property’s value.
It might mean looking at cheaper properties, but a smaller property in a high-growth area is a better investment than nothing at all.
Even if you don’t think you have enough saved for a deposit, get in touch with us. We have a range of opportunities available for new and experienced investors looking for strong investment returns.
Excuse #2: “The market is too unreliable”
You don’t have to look far to find the doom and gloom property headlines being thrown around by the Australian media.
“Property market set to crash”. “Property downturn worse than it looks”. These are just some of the headlines being rolled out across the country.
It’s true that property markets can be unpredictable, but owning an investment-grade property in the right location and having a financial buffer in place will help you navigate the ups and downs of the property cycle.
Excuse #3: ”It takes too long to see results”
Gaining real, long-term property wealth can take years, just like any other asset.
While your first few years as an investor may feel disheartening, laying the groundwork early is better than doing nothing at all. Focus on using the power of leverage, compounding, and time and you’ll be building real wealth in no time.
Excuse #4: “I don’t know anything about property”
It’s okay to not have any idea when you’re first starting out.
The best thing you can do is research. Read as many books as you can and speak to people. Learn from a mentor and consult a finance expert. Doing your homework will immediately set you apart from the rest.
Excuse #5: “I’ll stick with my super”
Don’t assume that 40 years in the workforce will allow you to have enough money for retirement.
Most Australian retirees learn this too late, that you need greater sources of income to grow your retirement savings.
It’s all down to you… do you want to be just scraping by or retired comfortably?
Get In Touch With Adpen
Any of these excuses sound like you? Keen to make a change?
Reach out to us at Adpen! We specialise in connecting investors with exclusive investment opportunities and helping everyday Australians build wealth through property.