- Today, I would like to talk about
how to get started in property investing
and give you those first crucial seven steps
that you need to take.
(funky piano music)
Hi, my name's Tony Law from Your First Four Houses,
and I teach people how to build a small property portfolio
if it generates a great income for them
so they can give up the day job if they wish
because they're now financially free.
If this is your first time here,
be sure to subscribe to the channel
and click that bell notification icon
so that you don't miss out on any of the free content
that I give you each and every week.
So today I already talked about
how to get started in property investing,
and I've given this a lot of thought
and I've come down to seven steps
that I would like you to take
in order to get started in property investing.
And you're gonna be so disappointed with step number one,
but it's probably the most important step in this video,
and it's simply to make a decision to do this.
So many people talk about wanting to build
a small property portfolio
and generate a passive property-based income,
but they never do anything about it
and I think that's because they haven't made a decision
to actually make this work.
So the first thing you've got to do
is you've gotta say to yourself,
"I'm gonna make a decision.
"I'm gonna do this.
"I'm gonna put it above watching two hours of TV,
"going on Facebook, watching loads of YouTube videos,"
like mine, for example,
make a decision you're gonna do this.
That's step number one.
Step number two is to surround yourself
with positive people.
Have you heard of the phrase,
you're the average of your five closest friends?
It is so true you need to surround yourself
with people that are gonna support you
and encourage you and pull you up to their level
rather than the kind to sort of asking you questions,
like why are you doing that?
Why are you going to that property event?
Why are you speaking to those people?
You need to surround yourself with positive people,
so go to property events, go to business events.
These could be fantastic.
Google various different events around you.
Connect with successful business people.
Take them out for coffees.
maybe form your own group of four or five people
who are really want to improve,
wanting to improve their circumstances.
Get together with them maybe on a weekly basis.
Support each other, encourage each other,
surround yourself with positive people.
Step number three is to calculate your expenses.
This is the target that you need to hit and when you do so,
you're financially free.
And to help you do this, you might want to check out
my video on my financial freedom fundraiser.
It's gonna really help you achieve exactly this.
Next you have got to plan in time to take all of the action
that you're definitely gonna be taking
now that you've made that decision.
And to help you do this, you might want to watch my video
on using a productivity planner.
This is something that I share
as part of my online property masterclass programme.
It's a really good video that will really enable you
to trim down all the wasted time that you use
and get really focused with your time
so that, of course, you achieve more.
By the way, if you're liking this video,
I would love it if you could just click
on that thumbs up button down there.
It really helps me if that's okay.
Step number five is to invest in some education.
Perhaps invest some money, yes,
but also definitely invest some time.
This is really important
if you're gonna want to make some headway here.
Check out some of the books that are out there,
some of the podcasts,
you might want to check out my free mini course
that will teach you how to invest in property
without needing to put lots of money in.
The more you learn about property investing,
the better decisions you're gonna make.
Step number six is to work through my 10-step plan
that will get you to your very first investment property.
Check out the video here.
It will talk all about that
and it will run you through that detailed plan
to get you to that first investment property.
Step number seven, lastly,
you've gotta take massive action. (chuckles)
Is there a theme running through this video?
It's true you've got to take massive action
and you've got to take massive action this week,
not put it off.
Don't put it off.
Go and take massive action this week.
Go to some networking events.
Go and do some viewings, speak to investors,
make a plan, do it now,
because time really is short.
You need to make this decision to do all this work,
and then take a massive amount of action
and if you do so, this coming year,
it could be your best year yet.
Have you checked out my completely free
online property mini course?
It's going to teach you
how to build a small property portfolio
that generates a great income for you
without needing to put big deposits into each deal.
Click the link here to find out more.