If you’re reading this, there’s a good chance you’re interested in the property. And that’s great – it’s a fantastic asset class that has the potential to generate healthy returns for investors.
However, getting started can seem daunting, especially if you’re new to the game.
But don’t worry, because I have come up with 5 important steps from a very young inspiring multi-award-winning property entrepreneur Alfred Dzadey. So read on and let’s get started!
Alfred Dzadey: A Household Name in the UK Property Market
Alfred Dzadey is a young property entrepreneur who has made a big name for himself in the highly competitive UK market.
He has been involved in multiple property deals in recent years, and his company Real Property Ventures has gone to help investors achieve their financial goals.
Alfred’s success is down to a number of factors, but one of the most important is his willingness to tackle challenges with a solution oriented mindset.
He has a proven track record of delivering on his promises, and this has earned him the trust of both investors and developers.
To receive daily motivation and useful tips, you can follow him on Instagram, LinkedIn, and his website. You can also subscribe to his YouTube channel.
5 Steps To Getting Started In Property in 2022
1. Understand Your Why
The first step to getting started in property is understanding your why. Why do you want to get involved in the property? Is it to generate income? To generate lump sums? To build wealth?
Your answer to these questions will determine the type of property investment strategy that is right for you.
If you’re looking to generate income, then you’ll need to focus on finding properties in locations that will provide a good rental return.
If you’re looking to generate lump sums, then you’ll need to focus on properties in areas with the potential to add value by refurbishment or further development and then sell on for a profit.
And if you’re looking to build wealth, then you’ll need to focus on areas where you can get a mix of both income and capital growth.
Once you know your why you can start to focus on the type of investment strategy that is right for you.
2. Invest In Education
The second step to getting started in property is investing in education.
There are a lot of moving parts to successful property investment, and it’s important that you understand how things work before you dive in.
The best way to do this is to invest in some education. There are a lot of great courses out there that will teach you the ins and outs of property investing.
I would recommend taking a course or two before you start looking at investing in properties. This will give you the knowledge and confidence you need to make the right decisions.
So, you could invest money in your education, which is a quicker way to acquire the information because you could find someone who’s doing exactly what you are trying to do in the property industry. This could be in the form of a mentor, a coach, or an online course.
Alfred Dzadey, did exactly this when he was starting out and he reaped the benefits.
3. Surround Yourself With Active-Investors
The third step to getting started in property is to surround yourself with active investors. When you’re just starting out it’s important to have a support network of people who have been there and done it.
These people can offer advice, guidance, and support when you need it. They can also help you to avoid making the same mistakes that they made when they were starting out.
So, make sure you surround yourself with experienced investors who can help you on your journey. You can find a local property investor network group to become apart of.
4. Work On Personal Development
Personal development is all about improving yourself as a person. It’s about increasing your knowledge, developing new skills, and improving your mindset.
When you work on personal development you become a better version of yourself and when you become a better version of yourself, you become a better investor.
So, if you want to be successful in property, make sure you work on personal development. There are a lot of great resources out there to help you with this eg books (physical/audio), podcasts, online courses .
5. Take Action
The fifth and final step to getting started in property is to take action. Education and personal development are important, but they’re not enough.
You also need to take action. You need to get out there and start looking for investment properties. You need to put offers in, do your due diligence, and close deals.
The only way to achieve success in property is to take action. So, don’t wait any longer, get out there and start investing!
Conclusion
Alfred Dzadey is a prominent figure in the highly competitive UK property market. In a relatively short space of time, he has become a successful property investor and is recognised in the industry.
So, If you’re looking to get started in property investment, then follow these five steps and set yourself up for success in the property market.
Thanks for reading! If you have any questions or queries, please let us know in the comments section below.
Read more:
5 Steps To Getting Started in Property by a Multi Award-Winning Property Entrepreneur Alfred Dzadey