Diversify Or Die

I was recently asked to do an interview for another property web site about joint ventures, you can read that interview here or click on the podcast link to the right to listen to it instead.

Ruban, the chap who interviewed me, has recently asked me to do a follow up article and it is that article that I have published here today.

Although initially we were talking about using joint ventures to invest in property, the full follow up article is also a little about diversifying your portfolio to create more opportunity. Here are some of the questions asked of me and my answers:

So, what have you been up to over the last year?

Last year my partners and I took a step back from buying property as we felt the market was too volatile to make rational decisions at the start of the year. It was a transition period for our business. We had started looking for other income streams both connected to and outside of the property market to make our base more solid, and, to create more revenue to invest with. We also searched for different finance opportunities. We spent time reviewing all our current properties and how they were performing so as to apply changes where necessary. Regular reviews are essential in property investing.

What are you plans for your own property business and your events?

This year we are launching some very exciting things, which are still under wraps right now. We are also on a mission to help people to grow their bottom line wealth.This has been such a successful strategy for us that we want to share it!

We have two potential projects as well– one abroad, which we are seeking finance on at present. The foreign one is a high end renovation – a REAL challenge that one! The other is a local investor property we are considering taking on as another multi-let.

Our goal this year is to grow the networking side of the business. We are moving in new circles ourselves and away from the “Show biz Landlords” (-as a friend of mine calls the networking circuit speakers!) into a more up market development angle– that’s where our heart lies. I see this year as a year of planned growth and continued transition where we build on the foundations of last year’s ground work.

Often people don’t see the point of networking, or the fear of t puts them off. But, if you mix with the right people it can explode your business in ways you can never imagine. By just attending one event per month, you will meet new people, get new ideas and move forward. Not to mention the support aspect to. Networking creates opportunity and creative thought which will ultimately drive you forward at a much faster pace than going it alone. Without it you are prone to get stuck in one way of thinking or doing things.

In Summary

Whilst the market is so volatile, now is that time to take that step back and look at diversifying into other income streams. Have courage, the end result will pay off. This month ( shameless plug coming up!) we are aiming to do that with our networking meeting. We have been investing in several trading formats which are all performing extremely well. Have you considered yet how to increase your ‘bottom line’ wealth so you have money to invest in property or live a better lifestyle later?

LIKE THIS POST? THEN PLEASE SHARE IT WITH OTHERS!

Click Any Of The Buttons Below- or Click Above Right To Tweet It now!

Dont Be Shy! We Would Love Your Comments too-And We Always Respond.Thanks!