Hey, hi, Samuel Leeds here, and on this video I wanted to give you five tips for if you're
starting out in property, or you want to be a property investor, entrepreneur, then these
five tips really should help you in getting you started.
So firstly is to just set a realistic goal. I speak to a lot of people, and they want
to be a property investor or they want to be a property entrepreneur, and they've either
got absolutely pipe dreams, pie in the sky, "I want to be a property multimillionaire,
I want to be the next billionaire," and they've got no plan. They just have some big wish.
And that's what I call it, I call it a wish, whereas you want a plan. So set realistic
goals. Don't set your goals too low, 'cause most people's problem is not that they set
their goal too high and don't hit them. It's that they set it too low and do hit it.
You want it to be realistic, but at the same time not pie in the sky. Have a clear plan.
So an example would be, let's say you're 26 years old, you're just starting out, you've
got 5,000 pounds in the bank. A realistic goal would be to say "I want to be financially
free in 12 months. I want to have three properties, and I want to have a real depth understanding
about property." That would be realistic. Unrealistic would be "I want to be a billionaire."
Too low would be "I just want an understanding." After 12 months, I mean, come on, you want
to get some results. So set a really realistic goal, have a plan. That would be my first
tip.
Number two, once you've done that, don't be afraid to tell the world what you're doing.
Most people, they try and be secret entrepreneurs. You know, they're closet investors, and what
they want to do is they want to quietly build up this property portfolio, then tell their
parents, tell the world "Ta-da, I've done it. Did it all it secret." It doesn't work
like that, and here's why. Because if you're doing it in secret, you won't get any support.
You're worried about getting hate, you're worried about having people trying to hold
you back. Just get over it, that is going to happen. I'm a multimillionaire, I still
have haters and people trying to hold me back today.
So forget that. If you don't speak it out, no one's gonna support you. 'Cause although
I have the odd hater, I also have thousands and thousands of people supporting me and
backing me. So if you say "Guys, this is what I'm doing, I want to be a property investor,
I want to get three houses in the next 12 months," what will happen is you'll get a
couple people hating on you, trying to hold you back, but you'll also get people supporting
you. And when you speak it out, you speak it into existence. Because also, when you
speak it out, you're then accountable. You're accountable to the whole world. If you say
"Guys, I'm gonna lose a stone in weight over the next six months," and put in on Facebook,
you're then gonna do it, because you said it. And you didn't want to look stupid.
So, whereas if you just quietly want to get on with it, you've got no one to be accountable
to. So really important, don't miss that point, tell the world. Join the Facebook group, I
run a Facebook group, it's free to join, Property Investors with Samuel Leeds. And just go on
there and say "Hey, this is my name, this is what I want to do, this is my goal, this
is my realistic goal." Tell the world and you'll be really amazed at what happens. Because
when you're thinking and talking, not much happens. But when you start moving, people
just get out your way.
Number three, find friends. Find friends that are doing the same thing. What you need is
you need success buddies. I did this when I started out, and I was just 17. I joined
networks, I went on training programmes. Not only did I find a mentor, and not only did
I go through the training, which is vitally important, but I also found friends. Because
if your friends are all broke, then the chances are that you'll be broke. If your friends
are all miserable, you'll be miserable. Because you are the makeup of the people that you
spend the most time with.
So find just two or three really good success buddies, people that you can hang with, people
that believe in you. People that are for you, that are cheering you on. You really need
that, and that way, if you've got a few people in your family that are like "Oh, you idiot,
you'll never do it, you're not good enough," then you've got friends that are cheering
you on, and it compensates. So you really need that. Again, go on the Facebook group,
you can find some friends there. Come down to my property investors crash course. You'll
make 1,000 friends there. But just, however you can, just find people that are supporting
you. And never, ever, ever be a dream stealer of somebody else. Never be that person. If
you ignore everything I say in this video and you don't go on to be successful, and
you don't go on to be financially free, never rob somebody else's dream. But I would say
never rob someone else's dream and have your own dream and find friends that also have
their dreams. Encourage each other, it's a massive, massive help.
Number four is, as well as learning, you have to unlearn everything that you think you know
about property. You've got to unlearn, and the reason is, is because what we are taught
in schools and what we see on the media and on TV and from the government is mostly just
a complete lie, just to keep you in your same position. To keep you working a nine to five
job, to keep you going to university, getting into debt. The system is designed for you
to be poor and for the banks to be rich. That's how it's worked, for the rich to get richer,
for the working middle class to stay broke. That's how it's designed. So you've got to
unlearn what you know about not only finances and the economy and work ethic, but also property.
The stuff that you've been watching on Homes Under the Hammer and all these property shows,
a lot of it is not quite true. At the moment, when you're looking at houses, you're probably
thinking in terms of your feelings and thinking very romantically. You know, "I have to move
into a house with my partner, and we could do it up together, and then we could sell
it and live in it, and oh, isn't it romantic?" And all that stuff is just you trying to kill
birds with one stone, trying to be Mr. or Mrs. Romantic. You've got to unlearn that,
and you've got to look at this as a business, and you've got to look at this as like facts,
formulas over feelings and emotions.
Also unlearn all of the stuff that you've learned about security and school and education
and property and money being in the bank you save. I'd really recommend reading this book,
Buy Low Rent High. This is my property best-selling book. It will help you unlearn some of this
stuff. When I started in property, one of the reasons I became so successful, I think,
is because I was young and I was naïve. And as crazy as that sounds, sometimes young people
learn best because they're just like a blank slate ready to learn. Whereas if you speak
to people that have already maybe got one property investment and they're in their 50s
and 60s, sometimes they're hard to teach because they've got all these misconceptions, and
they've got all these fears, and they're so wrapped up in "The house has to be close to
my house, because that way I can manage it," even though you shouldn't be managing it anyway.
And they've just got all this stuff. Actually, you don't need to know that much about property
to be successful in property. What you need to know is, you need to know about how to
make money. Unlearn, be open, be coachable, be ready. Look at this as a business rather
than feelings and romantic "Wouldn't this be wonderful." So that's really important,
I hope I explained that well, I hope you kind of got the idea of that. That's number four.
Lastly, number five. You need to become best friends with Rightmove, Openrent, Gumtree,
Zoopla, whatever the sites are in your country. You need to become best friends with the online
listings, where they list properties. Constantly be looking at what's coming up for sale in
your area, what's selling, how much it's selling for, what properties are renting out for,
what's empty at the moment, what's going on. And just be like a little property nerd. I
do this, I'll be in bed and my wife will be like "Dude, are you literally still looking
on Rightmove?" 'Cause I'm just obsessed with seeing what's selling, what's valued at what.
So make Rightmove be your best friend, because if you don't know what's on the market, if
you don't know what's selling for what, then actually you're not that relevant in the place
and in this space. So just get addicted to all the property sites. Set up all the filters
so that every time a property comes available in your patch, you get a little email alert.
Subscribe to this channel, turn the notifications on so you're getting an alert. Just become
like a property nerd, where you're just obsessed with seeing what's selling, what's going for
new houses, and you've got to be a little bit obsessed. You've got to have a fire that
burns in your belly for success, but you've also got to be a little bit obsessed with
the business as well, with property. So really just get your hands dirty, don't be afraid
to travel three hours across the country to go and view a house. Just be prepared to work.
So there are the five things, the five topics that I would say, if you're starting out in
property. I hope that's been really useful. Please do share this video, comment your thoughts
below, 'cause any of the stuff that you're doing that's working really well, comment
below, I'd love to know what's working. I might be able to put it in my next video.
If you've got questions about any of that as well, pop the questions in the comments.
I try and respond to as many as I possibly can, especially in the first hour. Mentoring
Monday, 7 PM a video goes live. For the first hour, from 7 till 8, I am on it. I'm just
there, like I'm a little nerd on YouTube, like answering to all your comments. So get
yourself on at 7 PM every Monday, I'll answer all I can, and God bless you. Peace out, I'll
see you next time. Thanks so much for watching.
Thank you so much for watching this video. It's mentoring on a Monday, every single week
at 7 PM on a Monday. Between 8 PM I'm gonna be live answering all your comments and questions.
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