Investing in Property is Like Making a Sandwich
Published by: Tom SoaneInvesting in property is like making a sandwich.
I know that sounds weird and really cheesy, no pun intended, but hear me out and let me know your favourite sandwich based on this…
So, why is investing in property like making a sandwich?
Well, first of all if you use good ingredients and it’ll be a good sandwich. Use bad ingredients, it’ll be a bad sandwich, right? Sounds simple so far.
Now, if you build your sandwich in the wrong order, it’ll fall apart. You’ll still have the ingredients, but it’ll be all over the place and it’ll take a lot of time and effort to put it right.
Build your sandwich in the right order, you can build it as big as you want, and it’ll be easy to hold too. Less effort, simple when it comes to the eating part.
Balance your sandwich carefully as you build it so it stays standing on its own for a long time without you needing to constantly hold it up or needing to keep putting it back together.
If you rush your sandwich, it won’t stand up on its own for very long at all and you’ll have to keep holding it up, repairing it and it’ll get less and less secure as you go.
The best part is, you can have whatever sandwich you want! Everybody has different sandwich preferences. You can have a small sandwich with just a few of your favourite ingredients. You could make a medium size sandwich with a mixture of ingredients, but not too many. You can have a really big sandwich with loads of your favourite ingredients.
Or you can have a massive wobbly, mess of a sandwich which is literally out of this world to eat.
Massive wobbly mess sandwiches are only for people who are prepared to put a lot of time and effort into repairing, re-building and holding up and also these daredevils will spend more and more money on replacing ingredients too. But it’s worth it for the right people.
Whatever you do, only add one ingredient at a time and add each ingredient carefully, learning from the ingredients you’ve already added. Even if you have loads of money and you could add all the ingredients you want right now, build it gradually and carefully. You never know what will happen to all your ingredients while you’re focussing on building the sandwich.
Don’t put too much of the same ingredient into your sandwich.
Think about what will happen if you buy a bad batch of that particular ingredient. It’ll ruin your sandwich.
Build your sandwich so the ingredients work together, then you can build it higher.
Check each ingredient thoroughly as you make your sandwich. If you have a bad ingredient, remove it quickly. Don’t think about it, don’t delay it, get rid of it before it ruins your sandwich.
Lastly, once you’ve made your sandwich, enjoy it!
What’s the point in making an awesome sandwich if you can’t enjoy it?
My favourite sandwich is a baguette.
Some of the ingredients might poke out the top of the baguette and it could get a little bit messy but the main ingredients are safe and secure inside. If I work it out right, I can eat the ingredients on the top and there’ll be no mess. If I get it a bit wrong, the ingredients will just poke more out of the top so I can easily adjust my eating strategy to make sure I don’t lose any ingredients. Plus, the baguette itself is really tasty too so even if my ingredients fall out, I’ll be ok with the baguette. Plus, everybody loves a baguette so if I ever need to sell it, it’ll sell quickly.
There is a strategy...
This all sounds like fun and nonsense but there is a very effective plan to follow when investing in property. I've followed it myself and still do. I also teach it to investors. If you want to join one of my workshops, send me an email or a message through Facebook. I'll show you how to find properties, get deals that are below market value, turn a property into a profitable investment and also how to continually improve your investment for free. THEN, I'll show you how to build your portfolio. Send me a message and we'll talk about it further.