On Sunday I released a relatively long post about lessons from 12 years in property. Are you considering venturing into the world of property investment but feeling unsure if it’s the right path for you? Making the decision to invest in property requires more than just financial readiness—it also demands a certain mindset. Here are five mindset points to consider before diving into property investment:

1. Long-Term Vision: Property investment is a marathon, not a sprint. It requires patience, perseverance, and a long-term perspective. Are you willing to commit to the journey, knowing that success may not come overnight?
2. Risk Tolerance: Property investment involves inherent risks, including market fluctuations, economic downturns, and unexpected expenses. Are you comfortable with taking calculated risks and weathering uncertainty?
3. Financial Discipline: Property investment requires sound financial discipline and planning. Are you ready to manage your finances responsibly, including budgeting, saving, and investing wisely?
4. Continuous Learning: The property market is dynamic and ever-changing. Are you committed to ongoing learning and staying informed about market trends, regulations, and investment strategies?
5. Resilience: Property investment, like any other endeavour, comes with its fair share of challenges and setbacks. Are you resilient enough to bounce back from failures, setbacks, and obstacles along the way?

Is property the right choice for me? If you’re ready to embrace the mindset of a successful property investor, the answer may very well be yes.