UPI 79 – Best of ’21 #3 – Why 99% of People Fail In Real Estate
Welcome to the BEST of ‘21 series on the podcast! This is week 3 of my four week holiday – and I can’t wait to bring to you my predictions for 2022 in the coming weeks. For now, here’s one of the most downloaded episodes of 2021.
Only 1% of people really succeed with real estate investing. So why do 99% of people fail – and what do you need to do to ensure you’re not one of them? If you own real estate already, today’s show just might burst your bubble. We explore property management and reveal what type of buyer you actually are. Nobody really wants to own anything, because when you own something you have to be accountable for it. So in this episode, we will talk about how to navigate the property owning journey. Because often the conversation in real estate is centered around buying and selling. But what about the big part in the middle? Welcome to Episode 78 of the Urban Property Investor!
On this episode –
4:40 – Why 99 percent of people fail in real estate
10:21 – Common problems with owning real estate
11:38 – What you can’t control when you own real estate
18:56 – Behavioral economics trumps everything else
22:23 – Invest in walkable urbanism
23:39 – Half of Australia is broke
27:38 – The problem with rent-for-life properties
32:23 – Is it time to upgrade your properties?
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