Millionaire Investor Tips: Grow Your Property Portfolio

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Becoming rich through property investing can be easy.
Anyone can do it, but so few people even try.
Those of us that have become successful are happy to share our knowledge.
It's a level playing field and there is plenty for everyone.
Once you have a property, other than your home, you are on your way to real financial security.
When the value of your first investment property exceeds what you owe on it, then you have positive equity.
Your income can be greater than your outgoings.
You have spare cash to spend.
Do that and you will never become wealthy.
Your property portfolio is your business not a hobby.
This is your baby and you need to nurture it and watch it grow, strong and healthy.
Now that you have positive equity you can refinance the first property to fund another.
The true investor knows where he is going to invest next.
Find the next property even before the funds are in place.
In these early days it would be wise to stick to a similar property to your first purchase.
You will already know what to look out for from your first experience.
The time to acquire a variety of properties will come in time, but in the early days, stick to what you know.
Once you are established you will discover that a wide spread reduces risks and maximises profit.
When starting out it took me some time to find a lender with whom I could build a long term relationship.
As a new investor you may wish to use the lender on your home.
You have a track record with them, however short, and this will give you something on which to build.
My first mentor in property investment has his property portfolio valued every year, around his birthday.
He subtracts his new age from 100.
That is the percentage of the valuation that he wants to owe to his existing lender.
This means that his percentage debt goes down as he gets older and his equity goes up every year.
His lender is anxious to advance more money every year on what the lender sees as an ever increasing solid investment.
It will come as no surprise to you to hear that in a very short space of time you can find yourself in a good relationship with Valuers, Realtors and Lenders.
All helping you towards the financial security to which you know you are entitled.
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