The Decision-Making Framework Behind Every Property Deal I Do

So today we're talking about what I believe is one of the most important skills that any investor should develop.

Today is all about decision-making because property, as we know, isn't just about property.

It's about making decisions, lots of decisions, decisions about strategy, decisions about deals, decisions about when to walk away, about who to work with, about when to take a risk and when to sit on our hands.

You see, the interesting thing is that two investors can look at exactly the same opportunity and arrive at completely different conclusions.

One might buy, one won't.

One will see an opportunity, one will just see too much risk.

Neither is necessarily right or wrong.

So the question has to be, how do we know that we've made the right decision for us? And that is exactly what we're going to unpack today.

So the way we're going to do this is I am going to walk you through my nine-step system.

This is going to be really easy to get your head around and it'll just give you a good guide, a real useful, hands-on, practical template to get you from assessing a deal, kind of seeing an opportunity to making a decision as to whether or not you're going to buy it.

So it might be a good idea to grab yourself a pad and a pen and make a few notes on today's episode or perhaps save it and make sure that you can come back to it easily enough when you are looking at a deal.

So we're going to start at the very beginning, of course, and it is all about strategy.

Now, this is essential and I'm not...

Starting here, because I want you to devise your strategy, I'm hoping if you're looking at deals, you have absolutely already nailed down your strategy.

But let's just presume for a second that we've seen a deal, we like it.

What I want you to do before you do anything else is just revert back to your strategy.

What is the strategy? What are you trying to achieve? Is it cash flow? Is it growth? Is it lifestyle? Are you doing it to build a business? Is it wealth creation? Is it short-term, long-term gains? Is it a combination of all of these? And it probably is for most of us.

Without a strategy, it is quite simply impossible to look at an opportunity and know whether or not it is going to be good or bad for you.

You're essentially buying blind.

Student HMO might be a fantastic opportunity.

A commercial opportunity might have fantastic value hidden in it somewhere.

A rent-to-rent deal could be an incredible deal.

An opportunity to source something on could be a fantastic opportunity.

But if it doesn't move you closer to your goals, it's a distraction.

And that makes it a very bad decision.