Today, Nick delves into the essential topic of due diligence in property investing. He emphasises the importance of starting your research before committing to becoming a property investor, highlighting that property investing is not a get-rich-quick scheme but rather a long-term strategy for building wealth. KEY TAKEAWAYS Begin your due diligence before deciding to become a property investor. Understand your financial goals and whether property investing aligns with them. Property Investing is Not a Get-Rich-Quick Scheme - It requires time and effort to build wealth. Expect gradual growth rather than instant financial freedom. Invest in your knowledge through training and education. Seek reputable training providers and be open to learning from various sources to enhance your understanding of property investing. For beginners, starting with light refurbishments on buy-to-let properties is advisable. Avoid complex projects until you have gained more experience. Attend events like the Multiple Streams of Property Income (MSOPI) to connect with experienced investors and mentors. Building relationships in the industry can provide valuable insights and support. BEST MOMENTS "Property investing is not for everyone. It's not a get-rich-quick scheme. It's not going to give you instant financial freedom." "You need to find events like this. For me, Progressive provide the best training at the moment." "If you want passive income, something's going to come in. Yeah, it will give you that passive income." "You have to spend money on training, spend money on compliance, period." "You need to get the knowledge from people that do it. Are they teaching what they do or are they doing what they teach?" The UK’s #1 Property Investing Event – MSOPI Training https://bit.ly/3FqcL4l The UK’s #1 Property Investing Event – MSOPI Training London https://bit.ly/4isD2xs HOST BIO Nick is an award winning property investor, voted Fastest Newcomer 2022 by Premier Property, and is an accredited Retrofit EPC Assessor. He sources and renovates properties for himself as well as other investors. While doing this he has developed his own systems for efficient investment, such as developing his own methods to save time when viewing properties and estimating market values and potential returns, costing out renovations. He spends three months of the year abroad and while there continues his business with use of modern technology and his proven systems. Location freedom has always been his "Why" for being a Property Investment and has now reached his ideal of the colder months spent in Thailand and the rest of the time in the UK, all while continuing to run his business This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/