Should I Offer More? The Difference between Your Dream Home and a Business Property

‘It’s vital that you have calculated not estimated what your highest amount is’  Gordon explains how to accurately calculate the highest amount you should purchase a property for and the importance of sticking to this figure.  He offers advice on the difference between purchasing your dream home and a Property for your portfolio. Listen in to find out more about property purchasing and what Gordon has been doing in preparation for the upcoming half marathon.     KEY TAKEAWAYS  It's important to take the time to switch off and relax so your productivity doesn’t drop and you don’t burn out.  If you are someone who finds it difficult to complete things being aware of this and focusing on finishing each task before starting something else is vital.  When looking at purchasing any property you will need to consider what is the highest amount you are able to offer.  You need to look at what finance you have available. If it is a personal purchase you need to explore what is available to you and what you can borrow.  If you are looking to calculate your highest bid amount for business property to add to a portfolio then the amount is based on profitability.   How long it will take for the property to make a return on the amount you have invested in it.  You must look forward,  what will be the situation in a month’s time? what is the impact? will the pain be worth it over the short term for a long-term gain?  The answer like many answers is it depends on the individual situation    BEST MOMENTS  ‘If it was a personal property purchase it might be worth the pain if it was the  perfect property’  ‘It’s important to know the impact of the risk’  ‘I like to focus on several different things at the same time’  ‘Always stay on the side of calculated risk’     VALUABLE RESOURCES  The Property Entrepreneur Podcast     ABOUT THE HOST  Welcome to the Property Entrepreneur Podcast. We don’t know about you, but we’re fed up of being broke and relying on exchanging time for money working for others.  Join Gordon Done on his journey to becoming a full-time property investor. You’ll get a no holds barred introduction to property entrepreneurship. It doesn’t matter if you’re completely new to property or you’ve been working in property for years; we’ll give you the tools you need to create a mindset for success. We’ll help you avoid any mistakes we make along the way while giving you the blueprint to any successes we achieve. Join us on our journey to becoming professional property investors and learn how you too can become financially free through property entrepreneurship.    “Financially free…Brick by Brick”  CONTACT METHOD  https://www.facebook.com/The-Property-Entrepreneur-Podcast-519677241877352/  https://www.instagram.com/thepropertyentrepreneurpodcast/  https://www.thepropertyentrepreneurpodcast.com/  [email protected]