{"id":1511,"date":"2022-01-16T09:08:56","date_gmt":"2022-01-16T09:08:56","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/12-ways-to-fail-when-building-a-property-portfolio\/"},"modified":"2022-01-16T09:08:56","modified_gmt":"2022-01-16T09:08:56","slug":"12-ways-to-fail-when-building-a-property-portfolio","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/12-ways-to-fail-when-building-a-property-portfolio\/","title":{"rendered":"12 Ways to Fail When Building a Property Portfolio"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div id=\"toc_container\" class=\"no_bullets\">\n<p class=\"toc_title\">Please use the menu below to navigate to any article section:<\/p>\n<\/div>\n<p><strong>There seems to be a disconnect between what is myth and reality when it comes to the number of investment properties that people own.<\/strong><\/p>\n<p>We sometimes hear about \u201cgreedy\u201d investors who own dozens of properties when this is not really borne out by the facts. <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-109199 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/04\/sites-for-property-investment-300x220.jpg\" alt=\"Sites For Property Investment\" width=\"300\" height=\"220\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/04\/sites-for-property-investment-300x220.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/04\/sites-for-property-investment-768x563.jpg 768w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/04\/sites-for-property-investment-1024x750.jpg 1024w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/04\/sites-for-property-investment-1160x850.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/04\/sites-for-property-investment-375x275.jpg 375w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/04\/sites-for-property-investment.jpg 1374w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\"\/><\/p>\n<p>Did you know that about 70 per cent of investors own one solitary property?<\/p>\n<p>And despite the property boom, we\u2019re working our way through at present, of the 2.1 million property investors in Australia, only a tiny percentage \u2013 around 20,000 people as it turns out \u2013 own six or more investment properties.<\/p>\n<p>Of course, only owning one investment property isn\u2019t going to help you achieve financial freedom.<\/p>\n<p>This means most Australians who try and secure their financial future through property investment fail.<\/p>\n<p><strong>So why don\u2019t investors own more properties?<\/strong><\/p>\n<p>Well, generally it\u2019s because they make one of the following mistakes, which stymie their chances of growing a portfolio.<\/p>\n<p><iframe title=\"Avoid these 12 reasons Property Investors Fail to build a Multi Million Dollar Property Portfolio\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/jnj8EfCXiCw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<h2><span id=\"1-property-investing-as-a-hobby-ndash-not-a-business\">1. Property investing as a hobby \u2013 not a business<\/span><\/h2>\n<p><strong>\u00a0<\/strong>Australians tend to love property, they love going to open homes and auctions.<a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/11\/work-fun.jpg\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-125224 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/11\/work-fun-300x165.jpg\" alt=\"Work Fun\" width=\"300\" height=\"165\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/11\/work-fun-300x165.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/11\/work-fun.jpg 635w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\"\/><\/a><\/p>\n<p>They love the excitement of buying a property and renovating it.<\/p>\n<p>They love the thought of becoming a property mogul.<\/p>\n<p>In short\u2026they\u2019re having fun.<\/p>\n<p>That\u2019s not the way to become rich through the property \u2013 you need a business mindset.<\/p>\n<p>If you\u2019re looking for fun go bungee jumping, go trail bike riding.<\/p>\n<p>Property investment should be boring, but the results can make the rest of your life exciting.<\/p>\n<p>If you treat property investment as a business you won\u2019t think as much about each individual transaction, but the big picture \u2013 your long-term goal because property investment is a long-term process, not an event.<\/p>\n<p>You\u2019ll have a business plan which includes cash flow management, a finance strategy, asset protection, insurance, and correct asset selection.<\/p>\n<h2><span id=\"2-no-strategy\">2. No strategy<\/span><\/h2>\n<p>Following on from the point above, owning an investment property is not an investment strategy. <\/p>\n<p>The problem is, most people become property investors without putting much thought into it.<\/p>\n<p>Some upgrade their home and turn their old house into an investment.<\/p>\n<p>However, that doesn\u2019t mean it will make a good investment because they probably bought it for emotional, rather than objective, reasons.<\/p>\n<p>Others buy an off-the-plan property based on promises made by marketers, while others buy a property in the comfort zone \u2013 close to where they live.<\/p>\n<p>Now don\u2019t make the mistake many investors make and buy in your own backyard because you\u2019re familiar with the location.<\/p>\n<p>That\u2019s really not a good reason to buy there.<\/p>\n<p>In fact, a recent university study showed those investors who bought a property close to where they lived tended to buy underperforming properties and didn\u2019t even get price advantage on purchase.<\/p>\n<p>You\u2019ve heard it before \u2013 failing to plan is really planning to fail.<\/p>\n<p>On the other hand, strategic investors devise a strategy \u2013 they bring their future into the present and devise a plan to achieve the results they want.<\/p>\n<p>You see\u2026attaining wealth doesn\u2019t just happen, it\u2019s the result of a well-executed plan.<\/p>\n<p>\u00a0<\/p>\n<p>Successful wealth creation through real estate requires you to set goals, determine where you want to end up, and then devise a cohesive plan to get there.<\/p>\n<p>You need to focus on both the short and long term and ensure your investment decisions gel with your overall strategy.<a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/01\/property-puzzle-scaled.jpg\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-149863 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/01\/property-puzzle-300x200.jpg\" alt=\"Business Teamwork, Success And Strategy Concept\" width=\"300\" height=\"200\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/01\/property-puzzle-300x200.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/01\/property-puzzle-1036x692.jpg 1036w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/01\/property-puzzle-1536x1026.jpg 1536w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/01\/property-puzzle-scaled.jpg 2048w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/01\/property-puzzle-1160x775.jpg 1160w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\"\/><\/a><\/p>\n<p>Work out what you want to achieve with regard to income \u2013 are you chasing short-term yields or long-term capital growth \u2013 and how you can best manage your cash flow as a smart investor.<\/p>\n<p><strong>What type of property do you need to buy in order to meet your income goals?<\/strong><\/p>\n<p>With a carefully thought-through outline of your investment journey, you will end up exactly where you want to be.<\/p>\n<p>So plan your action and then activate your plan.<\/p>\n<p>If you\u2019re a beginner looking for a time-tested property investment strategy or an established investor who\u2019s stuck or maybe you just want an objective second opinion about your situation, why not let the independent property strategists at <a href=\"https:\/\/metropole.com.au\/services\/\" target=\"_blank\" rel=\"noopener\">Metropole<\/a> build you a personalised <a href=\"https:\/\/metropole.com.au\/strategic-property-plan\/\" target=\"_blank\" rel=\"noopener\"><strong>Strategic Property Plan<\/strong>.<\/a><\/p>\n<p>When you have a Strategic Property Plan you\u2019re more likely to achieve the financial freedom you desire because we\u2019ll help you:<\/p>\n<div id=\"lp-pom-text-386\" class=\"lp-element lp-pom-text nlh\">\n<ul>\n<li>Define your financial goals;<\/li>\n<li>See whether your goals are realistic, especially for your timeline;<\/li>\n<li>Measure your progress towards your goals \u2013 whether your property portfolio is working for you, or if you\u2019re working for it;<\/li>\n<li>Find ways to maximise your wealth creation through property;<\/li>\n<li>Identify risks you hadn\u2019t thought of.<\/li>\n<\/ul>\n<\/div>\n<div id=\"lp-pom-text-387\" class=\"lp-element lp-pom-text nlh\">\n<p>And the real benefit is you\u2019ll be able to grow your wealth through your property portfolio faster and more safely than the average investor.<\/p>\n<\/div>\n<p><strong><span style=\"color: #00ccff;\"><a style=\"color: #00ccff;\" href=\"https:\/\/investor.metropole.com.au\/strategic-property-plan\/\" target=\"_blank\" rel=\"noopener\">Click here now<\/a><\/span><\/strong> and learn more about how you could benefit from having a <a href=\"https:\/\/metropole.com.au\/strategic-property-plan\/\" target=\"_blank\" rel=\"noopener\"><strong>Strategic Property Plan<\/strong><\/a> built for you.<\/p>\n<h2><span id=\"3-the-wrong-strategy\">3. The wrong strategy<\/span><\/h2>\n<p>Almost as bad as having no strategy is following the wrong one.\u00a0 <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-133188 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2019\/04\/planing-strategy-future-300x190.jpg\" alt=\"Planing Strategy Future\" width=\"300\" height=\"190\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2019\/04\/planing-strategy-future-300x190.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2019\/04\/planing-strategy-future-1095x692.jpg 1095w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2019\/04\/planing-strategy-future.jpg 1160w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\"\/><\/p>\n<p>Residential real estate is a long-term, high growth low yield investment.<\/p>\n<p>Your strategy should be to use the capital growth of your property portfolio to grow a large asset base that will give you more choices in the future.<\/p>\n<p>Yet many beginners chase cash flow or the next hot spot or try and make a quick profit by flipping. All recipes for investment disaster!<\/p>\n<p>Others chase tax benefits because they think negatively gearing new properties will \u201ckeep their tax down.\u201d<\/p>\n<p>So they buy a new house in an outer suburb or put a deposit on an off-the-plan unit due for completion in two years\u2019 time, because of the higher depreciation deductions on offer.<\/p>\n<p>The problem is that these properties just don\u2019t offer the capital growth you require to grow your wealth.<\/p>\n<h2><span id=\"4-changing-strategy\">4. Changing strategy<\/span><\/h2>\n<p>Unfortunately, some investors get spooked when markets soften, and rather than sticking to a proven strategy to secure their wealth creation through capital growth, they opt for something cheap and supposedly cheerful instead.<\/p>\n<p>Rather than looking at what has \u201calways worked\u201d over the long term, they look for \u201cwhat will work now.\u201d<\/p>\n<p>It\u2019s no surprise then that their smiles turn into frowns when that inferior property underperforms down the line.<\/p>\n<h2><span id=\"5-unrealistic-expectations\">5. Unrealistic expectations<\/span><\/h2>\n<p>Another reason investors fail is that they\u2019re not patient enough.<\/p>\n<p>They\u2019ve read too many stories about \u201covernight successes\u201d and go into property investment hoping to make quick profits or thinking they can buy seven properties in seven years, or possibly ten properties in ten minutes. <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-81950 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/02\/35478370_l1-300x200.jpg\" alt=\"35478370_l1\" width=\"300\" height=\"200\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/02\/35478370_l1-300x200.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/02\/35478370_l1-768x512.jpg 768w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/02\/35478370_l1-1024x683.jpg 1024w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/02\/35478370_l1-1160x773.jpg 1160w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\"\/><\/p>\n<p>In reality, successful property investment is a get-rich slow process. It takes most investors up to 30 years to grow a big enough asset base to provide a cash machine for their retirement.<\/p>\n<p>By then, though, many people have thrown up their hands and sold up because they had unrealistic expectations to start off with.<\/p>\n<p>Too many investors look for that one big deal that will make them rich \u2013 property just doesn\u2019t work that way. As Warren Buffet wisely said: \u201cWealth is the transfer of money from the impatient to the patient.\u201d<\/p>\n<p>Successful property investors go through the following 5 stages of their journey:<\/p>\n<ol>\n<li><em>The education stage<\/em> \u2013 learning what property investment is all about.<\/li>\n<li><em>The savings stage<\/em> \u2013 they spend less than they earn and trap this extra cash flow in a saving account, to up a deposit to invest.<\/li>\n<li><em>The asset accumulation stage<\/em> \u2013 it will take 2 or 3 property cycles to build a sufficiently large asset base of income-producing properties to move to the next stage\u2026<\/li>\n<li><em>Lowering their Loan to Value Ratios <\/em>\u2013 asset accumulation requires borrowing and gearing but eventually, your LVR must slowly come down so you can\u2026<\/li>\n<li><em>Live off the Cash Flow from your property portfolio<\/em><\/li>\n<\/ol>\n<h2><span id=\"6-cash-flow-concerns\">6. Cash flow concerns<\/span><\/h2>\n<p>Clearly, you need cash flow to hold your portfolio for long enough so that the power of compounding kicks into gear, meaning you must have a financial buffer to see you through the lean times.<\/p>\n<p>Too many investors don\u2019t recognise that property investment is a game of finance with some houses thrown in the middle and leave themselves open to financial woes by not having rainy day money that they can draw on when needed, which often results in them selling at a bad time.<\/p>\n<h2><span id=\"7-over-confidence\">7. Over-confidence<\/span><\/h2>\n<p>The worst thing a property investor can do is to get it \u201cright\u201d the first time.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-121330 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/09\/chess-1483735_1920-300x205.jpg\" alt=\"Property Portfolio\" width=\"300\" height=\"205\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/09\/chess-1483735_1920-300x205.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/09\/chess-1483735_1920-768x525.jpg 768w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/09\/chess-1483735_1920-1024x700.jpg 1024w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/09\/chess-1483735_1920-1160x793.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/09\/chess-1483735_1920.jpg 1920w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\"\/>Show me a booming market and I will show you an investor with their chest puffed out like a proud property peacock!<\/p>\n<p>They falsely believe that the rapid capital growth of their very first investment is because of their own brilliance rather than simply the result of a rising market.<\/p>\n<p>They then buy their next property, the wrong type of property at the peak of the market \u2013 because they have the Midas touch remember \u2013 and become confused when the value of their property falls for the next few years.<\/p>\n<h2><span id=\"8-getting-sidetracked-by-the-media\">8. Getting sidetracked by the media<\/span><\/h2>\n<p>The 24\/7 news cycle is hard to ignore and beginning property investors tend to be driven by fear and greed which is what the media thrives on.<\/p>\n<p>Just look at all the stories about a property market crash due to COVID-19 panned out \u2013 they were very wrong weren\u2019t they?<\/p>\n<p>Yet the media had a wild time scaring us about a property crash, a fiscal cliff, high unemployment, and even Armageddon<\/p>\n<p>During booms when they should be the most cautious, FOMO (the fear of missing out) often driven by the media encourages investors to pay too much and during the property slumps when real estate is available at a discount FOBE (fear of buying early) stops them taking advantage of the opportunities available.<\/p>\n<h2><span id=\"9-not-recognising-that-there-are-multiple-property-markets-in-australia\">9. Not recognising that there are multiple property markets in Australia<\/span><\/h2>\n<p>While the media keeps talking about \u201cThe Australian Property Market\u201d, there are hundreds and hundreds of property markets within Australia and there are markets within markets.<\/p>\n<p>Each state is at its own stage of its own property cycle and within each state, there are multiple property markets separated by geographic location, price points, and type of dwelling.<\/p>\n<p>And each of these markets is performing differently based on local factors including demographics, economics and supply and demand.<\/p>\n<p>So listening to market commentary about the Australian property market or even the Sydney or Melbourne property market is far from helpful.<\/p>\n<h2><span id=\"10-not-recognising-that-location-does-80-of-the-heavy-lifting-of-your-propertyrsquos-capital-growth\">10. Not recognising that location does 80% of the heavy lifting of your property\u2019s capital growth<\/span><\/h2>\n<p>There\u2019s a reason estate agents keep going on about \u201clocation, location, location\u201d but the problem is not all locations are created equal, and many investors don\u2019t recognise the locational factors leading to capital growth. <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-109205 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/04\/location-property-300x205.jpg\" alt=\"Location Property\" width=\"300\" height=\"205\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/04\/location-property-300x205.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/04\/location-property-768x524.jpg 768w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/04\/location-property.jpg 829w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\"\/><\/p>\n<p>Many chases the growth corridors touted by property spruikers when these are really regions of strong population growth such as new outer suburbs or locations where large high-rise towers are being built.<\/p>\n<p>The problem is that the significant new supply of dwellings that are required to accommodate this strong population growth is the reason that these areas exhibit poor capital growth. Supply is the enemy of capital growth.<\/p>\n<p>Instead, a significant driver of capital growth is the strong demand and scarcity of accommodation in aspirational or gentrifying suburbs close to the CBD with good amenities, good public transport, and multiple lifestyle drivers.<\/p>\n<p>In general, these will be locations where the locals have higher disposable income and are able to and prepared to pay more to live there.<\/p>\n<p>Remember\u2026the rich do not like to commute, while the poor will be flung further and further out to the extremities of our growing cities.<\/p>\n<div class=\"js-fill-card-detail-desc\">\n<div>\n<div class=\"window-module\">\n<div class=\"u-gutter\">\n<div class=\"editable\">\n<div class=\"description-content js-desc-content\">\n<div class=\"current markeddown hide-on-edit js-desc js-show-with-desc\" dir=\"auto\">\n<p dir=\"auto\">And the experiences we had during the lockdowns of Covid reminded us of the importance of neighbourhood.<\/p>\n<p dir=\"auto\">Good locations depend upon proximity (a 20-minute neighbourhood), desirability (aspirational suburbs), and mobility.<\/p>\n<p dir=\"auto\">One thing I know many of us living in Melbourne experienced during the long lockdowns was that we were missing our \u201cthird place\u201d<\/p>\n<p dir=\"auto\">If your first place is home and your second place is work or the office, it was the ability to go to a <em>third-place<\/em> that was taken away.<\/p>\n<p dir=\"auto\">It may be a favourite caf\u00e9, a gym or a place of worship and even local shops and pubs.<\/p>\n<p dir=\"auto\">We have missed that feeling and connection to others, having an outlet to take a break from family or colleagues for a short period to reset.<\/p>\n<p dir=\"auto\">A gym or exercise centre has been substituted for a favourite walking or cycling path with green space and fresh air.<\/p>\n<p dir=\"auto\">So, all these features combined will be a major requirement and will create huge demand moving forward.<\/p>\n<p dir=\"auto\">These are all features of the 20-minute neighbourhood, that will be built around convenience.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2><span id=\"11-not-owning-investment-grade-properties\">11. Not owning investment-grade properties<\/span><\/h2>\n<p>Even in the right location, not all properties are \u201cinvestment grade.\u201d It\u2019s important to own a property that many of these attributes. It\u2026<\/p>\n<ul>\n<li>Has owner occupier appeal<\/li>\n<li>Is scarce in supply<\/li>\n<li>Has a high land to asset ratio<\/li>\n<li>Has a twist \u2013 something unique and special about it<\/li>\n<li>Has the potential to add value<\/li>\n<li>Is attractive to the banks so they\u2019ll be happy to lend against it.<\/li>\n<\/ul>\n<h2><span id=\"12-doing-it-alone\">12. Doing it alone<\/span><\/h2>\n<p>Because everyone lives in a property, many novice investors believe that investing in real estate is easy, when it\u2019s not.<\/p>\n<p>They try to go it alone or fall prey to spruikers or marketers and soon they\u2019re mortgaged to the hilt on a property that will struggle to grow in value enough for them to leverage from it.<\/p>\n<p>On the other hand, savvy investors take responsibility for their own education, but they also understand that building a team of experts around them will help them succeed.<\/p>\n<p>They know that they won\u2019t ever know as much as the professionals and realise that it will take years and many transactions to gain a true perspective.<\/p>\n<p>So they formulate a strategic plan, get the right finance and ownership structures to suit their needs, and only buy investment-grade properties that will outperform the averages and then regularly review their portfolio\u2019s performance to ensure they are on the path to financial freedom.<\/p>\n<p><span style=\"color: #ff9900;\"><strong>ALSO READ: <\/strong><\/span><a href=\"https:\/\/propertyupdate.com.au\/4-lessons-property-investors-must-understand-property-cycles\/\" target=\"_blank\" rel=\"noopener\">Lessons all property investors must understand about property cycles<\/a><\/p>\n<aside><strong style=\"clear: both; margin: 40px 0 20px 0; font-size: 24px; color: #000000; font-family: Oswald, Regular; font-weight: 400; line-height: 1.1;\">Now is the time to take advantage of the opportunities the current property markets are offering<\/strong><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-large wp-image-139884 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/05\/metrople-team.jpg\" alt=\"Metropole\"\/><\/p>\n<p>Sure the markets are moving on, but not all properties are going to increase in value. Now, more than ever, correct property selection will be critical.<\/p>\n<p>You can trust the team at Metropole to provide you with\u00a0<strong>direction<\/strong>,\u00a0<strong>guidance<\/strong>,\u00a0and\u00a0<strong>results<\/strong>.<\/p>\n<p>Whether you\u2019re a beginner or an experienced investor, at times like we are currently experiencing you need an advisor who takes a holistic approach to your wealth creation and that\u2019s exactly what you get from the multi-award-winning\u00a0<a href=\"https:\/\/metropole.com.au\/meet-the-team\/?utm_source=pu-postender&amp;utm_medium=referral\">team at Metropole<\/a>.<\/p>\n<p>We help our clients grow, protect and pass on their wealth through a range of services including:<\/p>\n<ol>\n<li><strong>Strategic property advice<\/strong>\u00a0\u2013 Allow us to build a <strong>Strategic Property Plan<\/strong> for you and your family.\u00a0 Planning is bringing the future into the present so you can do something about it now! <a rel=\"sponsored\" href=\"https:\/\/metropole.com.au\/strategic-property-plan\/?utm_source=pu-postender&amp;utm_medium=referral\">Click here to learn more <\/a><\/li>\n<li><strong>Buyer\u2019s agency<\/strong> \u2013 As Australia\u2019s most trusted buyers\u2019 agents we\u2019ve been involved in over $4Billion worth of transactions creating wealth for our clients and we can do the same for you. Our on the ground teams in Melbourne, Sydney, and Brisbane bring you years of experience and perspective \u2013 that\u2019s something money just can\u2019t buy. We\u2019ll help you find your next home or an investment-grade property.\u00a0\u00a0<a rel=\"sponsored\" href=\"https:\/\/propertyupdate.com.au\/investor-enquiry\/?utm_source=postender&amp;utm_medium=internallinks\">Click here to learn how we can help you<\/a>.<\/li>\n<li><strong>Wealth Advisory<\/strong> \u2013 We can provide you with strategic tailored financial planning and wealth advice. <a rel=\"sponsored\" href=\"https:\/\/wealthadvisory.metropole.com.au\/?utm_source=pu-postender&amp;utm_medium=referral\">Click here to learn more about we can help you<\/a>.<\/li>\n<li><strong>Property Management<\/strong> \u2013 Our stress-free property management services help you maximise your property returns. <a rel=\"sponsored\" href=\"https:\/\/propertymanagement.metropole.com.au\/?utm_source=pu-postender&amp;utm_medium=referral\">Click here<\/a> to find out why our clients enjoy a vacancy rate considerably below the market average, our tenants stay an average of 3 years, and our properties lease 10 days faster than the market average.<\/li>\n<\/ol>\n<\/aside><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/propertyupdate.com.au\/avoid-these-12-reasons-property-investors-fail-to-build-a-multi-million-dollar-property-portfolio\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Please use the menu below to navigate to any article section: There seems to be a disconnect between what is myth and reality when it comes to the number of investment properties that people own. We sometimes hear about \u201cgreedy\u201d investors who own dozens of properties when this is not really borne out by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,39,37,76,77,38,103],"tags":[],"class_list":["post-1511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-homepage-top","category-latest","category-michael-yardney-blog","category-michael-yardneys-commentary","category-property-investment","category-weekly-latest-feature"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>12 Ways to Fail When Building a Property Portfolio | Urban Buyer: Buyers Agent &amp; Advocates | Best Property Buyers For You<\/title>\n<meta name=\"description\" content=\"Please use the menu below to navigate to any article section: There seems to be a disconnect between what is myth and reality when it comes to the number\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/royabhishek.in\/urbanbuyer\/12-ways-to-fail-when-building-a-property-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"12 Ways to Fail When Building a Property Portfolio\" \/>\n<meta property=\"og:description\" content=\"Please use the menu below to navigate to any article section: There seems to be a disconnect between what is myth and reality when it comes to the number\" \/>\n<meta property=\"og:url\" content=\"https:\/\/royabhishek.in\/urbanbuyer\/12-ways-to-fail-when-building-a-property-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Urban Buyer: Buyers Agent &amp; 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