How much money do you need to start your property journey?
Published 2:09 am 18 Apr 2019
How much money do you need to start your property journey? DG Institute Founder and CEO, Dominique Grubisa explains how you can start your journey right here and right now with no money at all but if you do have money – how you can put it to the best possible use and how to find money for property in places that you never ever dreamed of.
When speaking around the country on all my property tours, the most common question and blockage that people have embarking on the property journey is ‘where do I find the money to start out’. I’ve been in that position myself. I started out with nothing. We all start out in property with nothing.
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Most people believe that they have to save up their 20% deposit or more for years and years and years, and then they sit on the sidelines and they watch the market going higher and higher and higher and they can never ever find the right time to get in.
The right time to embark on your property journey is now. There’s no good or bad time, there’s just now. You do what you can with what you have right now.
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If money is an issue for you, get very, very strategic about overcoming that. How can you do that? Not by waving a magic wand and getting money out of thin air, rather finding ways for the market to pay you.
Money comes when you add value. So if you don’t have the money yourself, how can you add value when it comes to property? If you’ve got time, if you’ve got resources, and you’ve got knowledge, or you’ve got the time to gain the knowledge to start your property journey, the money will come. People will pay or partner with you for a deal that you find for them. And you can do that by just having time and having knowledge around property.
So get strategic about what you do have instead of worrying about what you don’t have. Chances are, you probably do have money that you haven’t actually thought about tapping into. So if you had some knowledge and if you had a desire to start your property journey, you probably would have people around you that will partner with you. Other family members, maybe you’ve got personal things that you can sell to gain the money that you need if it’s something that you’re passionate about or you could plug into a community of people who are time poor and who are prepared to invest with you. Maybe you’ve got super, there are ways of using your superannuation to grow property. At the end of the day, if you’ve exhausted all avenues, and you really don’t have any money at all, but this is something that you really really want to do, then make a commitment to gain the knowledge that you need. The money will then follow you.
Many people started out in property, and I mean real Australians like you, with absolutely no money. What did they do? They found a property deal. They identified an opportunity. They used their time and other skills to negotiate a really good price for that property and then they focused on selling that deal, getting money partners to come in from that deal, or on selling the actual deal, packaged up to someone else who would pay them a fee for actually putting that all together.
The fact is that not having money is really just an excuse. Treat it like that. Say, okay, it is what it is. I don’t have the money, but what do I have? If you adopt that glass half full approach, guaranteed, the money will come. That’s why I created the DG Institute, a place for like-minded people to gain knowledge and to partner with each other, for those who are time poor to be able to put money in deals, and for those who had the willingness to gain the knowledge and the time to identify property deals for profit to partner with money partners.
So if this is for you, if money really truly is your only obstacle, and you’re very very committed to getting started in property – contact us now!
Lawyer, Asset Protection Specialist and Property Educator
Dominique Grubisa is a practicing legal practitioner with over 22 years of legal and commercial experience. She is a property investor and developer, an entrepreneur with businesses in Australia and Southeast Asia, a speaker, educator, writer and published author. You may contact Dominique at firstname.lastname@example.org
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.
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