- I honestly think there's a secret
to why some people are able to build
a property portfolio and become financially free,
and others aren't.
Let me share what it is.
(smooth jazz music)
Hi, my name is Tony Law from Your First Four Houses
and I teach people how to build
a small property portfolio that generates
a great income for them, so they can
give up their day job, if they wish,
because they're now financially free.
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So the truth is, I'm fortunate
to know a lot of property investors,
it's certainly coming into the thousands,
and what I've noticed is that a small minority
of those people achieve stellar results,
and it's not often because they start off
with a big pot of money.
In fact, in many cases, they start off with next to nothing.
Whilst the majority of people,
they tend to work, work, work, work,
but they never achieve the same results,
and in many cases, they never get to a point
where they have a passive income
through rental property.
So, I've given this a lot of thought
and I think I know what the secret is.
It's not about working harder.
It's about working smarter in your business,
and sometimes, this can mean a bit of
a mindset shift.
And so today I wanted to give you some examples
of how you might change your thinking
if this applies to you
and maybe achieve some of those stellar results.
For example we've all heard people say something
along the lines of I only work to pay the bills.
Well what about if those people were to change that to
I'm putting time aside to build an investment portfolio?
What about I do all the tasks myself
including the ones I hate?
Well maybe change that to I only do the tasks
that bring the highest value to my business.
I only ever use my own money for deposits, as opposed to
I work with investors and give those investors
a great return on their money.
What about I maintain my own properties to save me money
on spending out on plumbers, decorators and so on.
What about changing that to I pay a handyman
a retainer each month and he takes care of all that work,
so I can focus on the higher value tasks?
I wait for landlords to sell and then I go
and see their property along with all the other investors.
How about I write to landlords asking them
if they want to sell to me?
I deliver leaflets myself because I have the time.
Change that to I organise others to micro leaflet
very, very specific niche areas.
I only ever phone agents just because it's quicker.
What about changing that to I bring agents donuts
and form fantastic connections, soulful connections
with those agents, so that they start to bring me deals?
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It really helps me if that's okay.
I spend all my time searching for deals on Rightmove.
What about changing that to I have a Rightmove strategy
and can search a large area really, really quickly
to find great deals?
I only ever bid at auction with everybody else.
How about I connect with the sellers of unsold auction lots
and find out what they need
to make a win-win solution work for them.
I do my own accounts to save money.
I pay a property accountant and he saves me money.
I only ever find properties through agents.
This is a big one for me.
Change that to I market directly to sellers
to find great deals.
I trust my friends to give me honest advice.
Change that, I would respectfully suggest to
I sceptically listen to people who have achieved
what I want to achieve.
I wanted to add the word sceptically there
because you should never believe everything you hear.
Listen to people who have achieved what you want to achieve
and then form your own opinion.
Honestly, honestly the key to building
a passive property portfolio really quickly
is to think smarter.
It's not about working harder, it's about thinking smarter.
So I guess my question to you is can you share any examples
of where you've worked smarter rather than harder
and discovered that you've achieved better results?
I've put together a 50 point checklist that will run you
through all the steps you need to take before buying
your first investment property.
Simply click a link here when the description box below
to download your copy today.
(upbeat jazz music)