Property Investment Courses: What You Need to Know Before InvestingSep 05, 2022
Is property investment something you're interested in?
It's a great way to grow your wealth, but it's important to learn as much as you can before investing. That's why we've put together this guide to property investment courses. We'll tell you what they teach and how they can help you become a successful investor. So, whether you're just starting out or you're looking for a refresher course, read on!
What property investment courses are available and what do they offer?
Property investment courses come in all shapes and sizes. Some focus on the nuts and bolts of investment, such as how to find and finance properties. Others take a more holistic approach, teaching students about the different strategies that can be used to make money from property and grow your wealth. Property investment courses are designed to teach people the skills and knowledge necessary to succeed in the property industry. There are a variety of courses available, each of which focuses on different aspects of the business.
There are even property investment courses that focus specifically on one type of investment;
- house shares
- blocks of flats
- serviced accommodation
- holiday lets
- commercial property
Whichever property investment course you choose, you can be sure that you will learn a lot about this exciting and lucrative industry.
There are property investment courses that focus specifically on what method of property ownership;
- flipping (buying a property, renovating it, and then selling for a profit)
- renting (buying a property to rent but being aware of the rental cover and yield you need to achieve)
- lease options (you take a lease on a property and rent it to your tenants, whilst having the right to buy in the future)
- rent to rent (you take a management agreement over the property to allow you to rent the property out)
- momentum investing (you buy and grow a large portfolio by moving your capital through old and new properties)
Here at New Era Property Training, we specialise in all of these property investment courses.
There is a lot more to professional property investment courses than tenant law, it can be very much about growing your wealth, with creative investing strategies.
2. How to choose the right property investment course for you?
Property investment courses come in all shapes and sizes. So, how do you know which one is right for you? Here are a few things to consider:
- What is your budget?
Property investment courses can range in price from free, £1 to £20,000 depending on what you want and the level of support you need. Try to match your needs with your budget. For example, do you need to be speaking to a mentor every day for the next 3 years? If this is the case then you might need to budget on the high side.
An investment in your education with a property investment course is often the best investment you can make, before buying a property.
Just imagine you could learn how to grow a £10,000,000 portfolio in a few short years, with only the resources you have now, would an investment in your education be worth it?
You can learn a lot from free resources but it's often the case that you will not learn everything you need to know, and you will make expensive mistakes.
There are many areas in UK housing legislation where not knowing your responsibilities as a landlord carries a criminal conviction. Most of what you need to know can be readily and easily learned, often the trick is not what you know but how to apply it.
A property purchase takes a long time, and you don't want to start by buying a property that is not suitable for renting or making a profit.
You don't know what you don't know.
You may want someone else to handhold you through every decision and walk alongside you.
- What is your level of experience?
Most people who own their own homes have what they perceive to be great experience of buying property. But buying a property to live in is very different from actually running a business as a property investor. You might think that eating in a restaurant qualifies you to own and run a restaurant, and whilst it often looks easier than it is, most people find the reality of running a business very different from being a consumer of a service or product.
How does a property investment course help?
The investors who really transform their lives and make lots of money from property investing, creating incomes and wealth that gives a legacy to their families, have all learned through long painful experiences or have fast-tracked their ability to create a large multi-million-pound portfolio by investing in their education first.
I am new to property investment courses, what do they cover?
If you are a beginner, look for a course that covers the basics of property investing and makes the best use of your resources whether that is time and or money, you don't just need to learn how to manage tenants, you need to learn how to momentum invest fast. The faster you can start investing the faster your wealth grows due to compounding interest. If property prices increase by 10% per annum, then in 5 years you will lose out on a 61 % compounded growth of your property values.
If you are more experienced and have buy-to-let properties that don't make you any monthly cash flow, then again focus on and look for property investor courses that help you momentum invest with a small deposit and pot of cash and capital.
Should I get my first buy-to-let property before investing in a property investment course?
Typically no. How you start out and use your initial investment and cash will massively predict your future success. If you invest all your cash into one property, run out of money to buy another, and make only £200 per month, then your chances of growing a portfolio are limited to how quickly you can save up cash to invest in another property. However, if you choose the right property investment course and learn how you can recycle your cash and use it to scale and grow a property portfolio, then you could have 50 plus properties in a few years' time, making over 5 figure cash flow per month. It really is possible.
- What is your learning style?
Some people prefer to learn through online courses, while others prefer in-person classes. a lot of our courses at New Era Property Training are hybrids and choose multi-format, some content is delivered live to enable you to ask questions from your home desk and some content is in the room live with networking opportunities. There is also the opportunity to speak with a mentor 1-2-1 and go through individual deals. What we have noticed at New Era Property Training is that despite doing lots of numbers, great due diligence, and having all the funds and resources in place, deals don't get done due to procrastination and deal overwhelm. Often a mentor just saying this is a deal I would do is a push enough for portfolios of properties to be scaled, creating huge personal wealth. Think about where you might get stuck and how best a mentor can help you.
- How to choose a Property Investment Course provider?
Property investment courses provide the necessary education and training to become a successful property investor. With so many different providers of these courses, it can be difficult to know how to choose the right one.
Here are 6 things to look for when choosing a property investment course provider:
1. Training Methods & Content:
The course should cover all the key aspects of property investing, from finding properties with the potential to negotiating contracts and financing options, including the not-so-glamorous legislation that will keep you safe and sleeping at night, you want to be compliant. Make sure you understand what is covered in the course before making a decision. Here at New Era Property, we have not only been training for over 7 years, but we've also written and established our own property management software to ensure compliance of English and Welsh Landlords, we really know our stuff.
There should be a methodology and a thought-out process for you to learn. The how to do property investing is only useful if it has a sequenced step-by-step process.
2. Multi learning & Support network:
The provider should have multi ways for you to learn, including 1-2-1, live classroom support to ask questions, learning support, how to overcome challenges, and in-the-room opportunities for you to get to know people and find ways of supporting your property investing journey.
3. Teams of coaches and mentors:
You need to know you can access a mentor when you need one, not when they are on holiday or worse sick for some time. Different coaches and mentors bring different experiences. You may not need a coach for 11 months, just when your property is about to complete, three or four things crop up that you need hand-holding though.
4. Currently investing in property projects.
One important factor to consider is whether or not the provider is currently investing in property projects. This can be a good indication of their knowledge and experience, as well as their commitment to the industry in the current market. Markets change and what worked 10 years ago may not be relevant now, as legislation and financing conditions change. Creativity in a current market is a much bigger success factor than what someone did before.
One factor that you may want to consider is whether or not the provider has any awards. Awards can be a sign that the provider is reputable and that their courses are of excellent quality. They can also be a sign that the provider is constantly striving to improve its offerings. So, if you're looking for a Property Investment Course provider, be sure to check out if they have any awards. You may just find the perfect course for you.
6. Training & Professional Accreditations
Does the provider have any training and professional accreditations? These accreditations are a mark of quality and show that the provider is committed to providing high-quality training. In addition, they can give you confidence that the provider is up-to-date with the latest changes in the property market. When choosing a property investment course provider, make sure to check for any training and professional accreditations. This will help ensure that you receive the best possible education and training.
I hope this article has given you a good starting point for your due diligence when looking for a property investment course. The most important factor, in my opinion, is finding out who the providers are as people – do you like them, do they share your values, are they ethical and honest? If you can answer yes to all of those questions then you’re on the right track!
I encourage you to do your due diligence when looking for a property investment course. Please book a call with me so that we can discuss if our courses are the right fit for you.
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