As we all stay at home and acclimate to the new normal, more of us are starting to wonder about the future and whether individually, we have what it takes
to weather the coming storm. The introspection invariably brings up the question What do I need to make it to the other end?
A month or so ago the APIA team asked me to share my thoughts on what goes on in the mind of a successful investor. In light of what has been happening,
I think this question is more timely than ever before. I have had a long career working with property investors. I’ve seen some great ones and some
not so great ones. When I think about the great ones out there I see a few common themes coming through in term of their personal qualities and outlook:
- Confidence – They have confidence in what they are doing, they are in the game for the long term and they understand there will be
some ups and downs along the way. They won’t get stressed or panic if unexpected events (much like now with COVID-19) occur, they will see that
as an opportunity to wait and buy more property when the time is right, in any downturn. They have confidence in the economy and the housing market
and have confidence in the property cycle. - Opportunities – They will always be ready for an opportunity and be in a situation to pounce on it when it occurs. They will have
an open mind to where that might come from and won’t necessarily be what they have planned for their portfolio, but sometimes a great deal will
come along. - Focused – The remain focused on what they...
