How can you invest in property when you have no money, no time, or no knowledge?

Dominique Grubisa
Dominique Grubisa

Published 10:37 am 17 Apr 2019

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How can you invest in property when you have no money, or when you have no time, or when you have no knowledge? DG Institute Founder and CEO, Dominique Grubisa explains the three most common excuses that people wanting to get in on property make: they lack time, or they lack money, or they lack the knowledge to do it. She’s going to show you how to bust through all of those barriers.

The three most common excuses that I come up against with when I’m educating and traveling around the country speaking to people and talking to them at the coalface is I don’t have the money, I don’t have the time, and I don’t have the knowledge. All of those are just excuses.

If you have a goal, if you want to get somewhere, then there are going to be obstacles in your way. You can call them what you want. You can call them lack of time, lack of money, lack of knowledge.

At the end of the day if there is an opportunity, or a goal, or an endgame that you have, and you’re at Point A and you want to get to Point B, expect obstacles along the way but make a commitment to get there and blast through those obstacles.

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Let’s look at the three most common excuses or obstacles that people perceive are blocking their path to success:

1) The first of them is that I don’t have money.

People think you need money to make money, that’s just not the case. If you’re lacking money you better get started now because it’s only going to get worse in time.

How many times do I hear people look back and say, oh, if only I’d got in the market 10 years ago, or 20 years ago, or when my parents bought 30 years ago, or whatever. The fact is that you need to start now with the resources that you have right now and move forward.

We have hundreds of students all around the country who are making money without having the money or capital to start out with. How do you do it? Lots of ways!

If you don’t have money, do you have time? Because time is a valuable resource. If you have time and knowledge that is bringing something to the table for somebody else. Money partners will come to you if you have expertise or if you have the time to research and find opportunities that they couldn’t find.

Money partners are people who will put up the cash. In fact, money follows opportunity. If there’s a deal with profit in it the money will be there. That’s why I built the DG Institute to create those sort of opportunities.

Let me ask you this, if I told you that I could get a $300,000 property. It’s worth 300,000, I found it, and I can buy it for $160,000. Do you think people are going to come to me and say, okay, I’ll put up the $160,000 for that? You bet, money follows profit.

Don’t worry about the money, look at the resources you do have. If you’re focusing more on what you don’t have, you’ll never ever make it. Take a glass half full approach. Do you have time? That’s the first thing. Do you have knowledge? Because there are things that you can get.

2) Second most common excuse is I don’t have the time.

We’ve all got the same 24 hours in the day. It’s what you do with it that counts. Can you make time? Chances are 99% of us are not effective. We let the day crash in on us. We react to other people’s emergencies or whatever, the tail wags the dog.

Clear time for what’s important to you, otherwise your day will fill up with the small stuff. And that’s your habit loop, you do what you’ve always done over and over again.

Most Australians never ever make time for what’s most important to them. They’ll have in their diary: talk to my neighbor, wash the dog, do my daughter’s homework with her, drop the kids at school, go down to the park and do a power walk. All of that stuff is good stuff, but clear some space to create wealth.

Focus on your most important and your biggest goal, make the time. If you literally don’t have the time because everything else is crashing in on you or if it is all important stuff, then why not leverage someone else’s time?

Someone like I was talking about who’s got the knowledge, and the time, and is putting it into creating an opportunity. Can you be a money partner with that person? Can you get a loan or get credit somewhere to have the money go out and work for you where your time is not involved?

3) The final one is the one that I thumb my nose to every day of the week, I don’t have the knowledge.

None of us spring forth from the womb with all the knowledge that we need in life. We gain it as we go along. How do we gain it? We gain it from the school of hard knocks sometimes – experience. Sometimes we have to fail, and the learning comes then. Other times, if we’re at Point A and we want to get to Point B, and we need knowledge to get there, we make a commitment to get where we want to go, and we strategically go out and acquire the knowledge.

That’s why I built the DG Institute, because I found it hard to get knowledge. I read a whole lot of books, and I went around, and I looked for what I needed.

Once I had that knowledge bank a lot of it that I got the hard way at the coalface by failing, I then had a mission and a purpose to build a knowledge bank where people could go and get the information that they needed from those who’d had the journey and done it all before.

They could leverage other people’s knowledge. Knowledge is no excuse, you can pay experts to do other stuff for you. If it’s property, pay someone else to build it, but if you’re going to do it yourself, then make a commitment to invest your time in gaining knowledge. It’s the highest and best use of your time. We are all bound by the same 24 hours in the day. What are you going to do with it?

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Good Debt Vs Bad Debt With Dominique Grubisa - DG Institute

Lawyer, Asset Protection Specialist and Property Educator

Dominique Grubisa is a practicing lawyer with over 25 years experience. She is a property investor and developer, an entrepreneur with businesses in Australia and Southeast Asia, a speaker, educator, writer and published author.

This column has been written for general information purposes only. It is not intended as legal, financial or investment advice and should not be construed or relied on as such.

About DG Institute

Founded in 2009, DG Institute strives to empower everyday Australians to grow and protect their wealth. Our goal is to provide direction, motivation and inspiration to our clients and help them perform at their very best. We do that through our professional services, in addition to teaching them how to grow their wealth through property and business education.

This column has been written for general information purposes only. It is not intended as legal, financial or investment advice and should not be construed or relied on as such.

Our Happy Clients

  • Lisa Mitchell

    "My name’s Lisa Mitchell. I live in Chatswood in Sydney. Since joining the Elite Mentoring Program. I’ve done two deals made around $240,000. And probably when I add the extra rental that’s coming, it’s another $70,000. I could not be happier with that result. And I’m amazed by it, to be honest, I’m absolutely amazed. […]"

    Lisa Mitchell, Property Uplift Elite Mentoring Graduate

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    "Janine Kimball from Newcastle since joining DG Institute we have two projects currently in progress with a gross realization value of about 10 and a half million dollars expected profit from those is going to be probably around $1.8 million when they complete the reason we joined DG Institute and the Elite Mentoring Program, was […]"

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  • Michael Kuligowski

    "Hi, my name’s Michael, and I’m from New South Wales. Since joining the Elite Mentoring, we’ve been able to secure three properties. Well, under market value, both in inner Sydney, New South Wales, also regional new South Wales and one in Victoria by, undertaking, this program, we’ve definitely benefited, and we can see that we’re […]"

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    "Hi, I’m Sharon Harvey. I’m from South Australia. I joined the Elite Program because I was looking for something more in property and I was looking for more education and somebody who would inspire me and Dominique was that person. I listened to her talk and realize that there was a great synergy between us. […]"

    Sharon Harvey, Property Uplift Elite Mentoring Graduate

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