Property Development is an incredible vehicle for creating wealth, but one that is misunderstood and as a result often overlooked by many Aussies.
Passive versus Active
There are many different ways to invest in property – old, new, houses, units, positive geared, negative geared, buy and hold, buy and sell, buy and renovate…its endless. And truth is that a lot of people get caught up in this, you can get so caught up in all the different strategies and trying to learn and understand it all and five years later…you realized you still haven’t bought anything! Sound familiar?
Well, lets get rid of all the confusion. Lets take it back to basics and look at strategy. I reckon there are two basics strategies when it comes to property – passive and active.
Passive is when you buy a property and you hold it, maybe you live in it or maybe you rent it out. The intention is that time will improve the value of the property, and so it called passive because technically you don’t do anything to make money from it. You sit back and you wait. This is a great way to invest, and I actually do invest passively. First property I ever invested in was a passive investment. But I realized it was going to take literally decades – about 30 years – before it would ever be a millionaire.
I thought there must be a much faster way to do it, and there is. Active property. This is when you take action and do something to increase the value of the property, such as property development.
You don’t sit and wait for time to make the money, your actions create the money.
I wouldn’t say that one is better than the other, I actually like both strategies and they both create fantastic results. It comes down to when you want to see the results. If you are willing to wait 25 -30 years before you see the big results, then passive is absolutely going to work for you.
If you would like to see some results in your life this year, and in the next couple of years then I would suggest Active property and that’s exactly what we are talking about in this book.
You want to be in the drivers seat, able to take action to create the profits that could change your life and give you choices and freedom to do the things you love.
Once you start playing the property development game you can cover both strategies – passive and active. Get active in creating money and property through development, and then hold some of the properties and watch them keep doubling in value every ten years or so – it’s a magic strategy that will give you cashflow and strong assets to fall back on.
For a free DVD that will show you some strategies that you can use, call 02 9371 4799 or email info@ccorp.com.au to secure your free DVD valued at $147.
Cheers
Carly
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