Make an investment plan

What is the primary reason for the success enjoyed by many people that seems to elude unsuccessful people? Goal setting is the answer. Lack of proper planning is the number one reason for failure. Proper goal setting involves setting a business plan in place for your life. For many people this simply doesn't sound fun or sounds tedious, but in practice, goal setters have more time, more money, and more success in all areas of their lives than those who don't. It's no different with property investing.

Property investing must be treated as a business and must involve some simple planning if it is to be a success. Much like an airplane pilot who goes through a pre-flight checklist, the property investor must go through many steps. You must find the right deal, do your research, have your network of contracts in place, prepare your finance and so on â ¦

The reason the doers make money is because so many people aren't ready to make money. Property investing seems too complicated until you put your plan down on paper and it starts to crystallise. The planning process itself should give you renewed energy.

Constant review of your goals is critical. As you move forward you must tweak and adjust your plan if necessary so that it fits with where you are and where you are heading. As with all plans it must have this level of flexibility. For instance, it maybe that your finance options change, or the rental market changes, or your own personal circumstances change. Whatever the reason you must be ready to adjust your plan to take account of this.


With a well constructed and sturdy plan in place you will be in a much better position to succeed. So why not start planning today and be confident that tomorrow will be greater rewards as a result.

If you need help with the creation of a property investment plan call us on 01252 737575. We can help you to establish a plan and realise your goals.

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Essential qualities of a millionaire property investor

Ever wondered why some investors achieve extraordinary success, while others struggle to make the grade? Why some investors attract an abundance of great opportunities, while others are still out there looking? The following article by Australian author, Dale Beaumont details the 10 points that he believes set the super achievers apart from the majority.

1. A Strong Desire â Successful investors have a strong desire to achieve their goals. They are not willing to compromise on their dreams and tend to be people that won't settle for a mediocre life. They understand the importance of building wealth, not for the sake of having more money, but for the lifestyle, time and choices it brings.

2. Think Abundance â These people believe that opportunities are always there and if they remain positive and optimistic, life will attract to them what they need. In fact, a number of them commented on their belief that the deal of a lifetime comes around once a week. So if you miss an opportunity, keep your chin up, because another deal is waiting just around the corner.

3. Be Committed to a Strategy â Millionaires believe the biggest mistake they can make is to try to execute too many strategies at once. As a result of chopping and changing, focus is lost. They take the time to devise a well thought out âplan and then stick with it long enough to see it bear fruit.

4. Great Communication Skills Multi-millionaire property investors understand the fact that property investment is ultimately a people business! While the properties themselves may be inanimate objects, the people that own them and the people around them are real people with feelings and emotions. That is why it's important to treat people with respect and listen to their needs. News travels fast in property and reputation is key.

5. Action Orientated â High achievers understand there is time for setting goals and developing plans, but then it's time for action. They know that when all is said and done, most talk but few do. High achievers take deliberate daily actions to ensure that they're continually moving forward and if an obstacle comes up they are quick to make a decision. It is a fact that anything worthwhile in life does not happen by accident. You must go after it and make it happen.

6. Take Responsibility â People who make a real success of property investing take responsibility for everything that happens to them. They resist the urge of blaming others for their circumstances. For example if one of their properties becomes vacant for two months, they take the responsibility, rather than blaming the property manager, and become proactive about finding a tenant.

7. Focused on the Team â Highly successful investors have all come to the realisation that you can't do everything on your own. That's why they're committed to finding and keeping the best people to work with.

8. Have an Ability to Bounce Back â Challenges and obstacles are part of any worthwhile journey. Successful investors understand this and have developed a special ability to express resilience when times are tough. There's a Japanese proverb which says, 'fall down seven times, get up eight'.

9. Committed to âContinual Growth The only certainty in property is that things will never stay the same. That's why property millionaires are committed to broadening their knowledge base. They advocate the importance of knowing what's happening in the market and being aware of new issues that might affect them now or in the future.

10. Celebrate Your Success â There is one more quality of successful property millionaires, and that is they celebrate their successes and reward themselves for their achievements. There are a lot of people who are not happy because they haven't mastered this particular quality. So go on, get out there and enjoy the journey!!

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"The only thing that stands between a man and what he wants from life is often merely the will to try it and the faith to believe that it is possible." - Richard M. DeVos, Co-Founder of Amway Corp.

"Stand up to your obstacles and do something about them. You will find that they haven't half the strength you think they have." - Norman Vincent Peale, 1898-1993, Pastor, Speaker and Author


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The time to act by Jim Rohn

The following article from Jim Rohn tackles a point that we have mentioned several times before. It is that of taking action now! Not tomorrow or the next day but right now! Although in this article Jim relates this to general well being it is just as important in the world of property investment or any other aspect of your life. Do not procrastinate, take those first steps today.


Engaging in genuine discipline requires that you develop the ability to take action. You don't need to be hasty if it isn't required, but you don't want to lose much time either. Here's the time to act: when the idea is hot and the emotion is strong.

Let's say you would like to build your book library. If that is a strong desire for you, what you've got to do is get the first book. Then get the second book. Take action as soon as possible, before the feeling passes and before the idea dims. If you don't, here's what happens...

- YOU FALL PREY TO THE LAW OF DIMINISHING INTENT -

We intend to take action when the idea strikes us. We intend to do something when the emotion is high. But if we don't translate that intention into action fairly soon, the urgency starts to diminish. A month from now the passion is cold. A year from now it can't be found.

So take action. Set up a discipline when the emotions are high and the idea is strong, clear, and powerful. If somebody talks about good health and you're motivated by it, you need to get a book on nutrition. Get the book before the idea passes, before the emotion gets cold. Begin the process. Fall on the floor and do some push-ups. You've got to take action; otherwise the wisdom is wasted. The emotion soon passes unless you apply it to a disciplined activity. Discipline enables you to capture the emotion and the wisdom and translate them into action. The key is to increase your motivation by quickly setting up the disciplines. By doing so, you've started a whole new life process.

Here is the greatest value of discipline: self-worth, also known as self-esteem. Many people who are teaching self-esteem these days don't connect it to discipline. But once we sense the least lack of discipline within ourselves, it starts to erode our psyche. One of the greatest temptations is to just ease up a little bit. Instead of doing your best, you allow yourself to do just a little less than your best. Sure enough, you've started in the slightest way to decrease your sense of self-worth.

All you have to do is act now! Start with the smallest discipline that corresponds to your own philosophy. Make the commitment: "I will discipline myself to achieve my goals so that in the years ahead I can celebrate my successes."


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"You must go after your wish. As soon as you start to pursue a dream, your life wakes up and everything has meaning." - Barbara Sher, Author

"The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand." - Vince Lombardi 1913-1970, Football Coach

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Focus on Dudley

Located in the centre of England about 10 miles from Birmingham is the town of Dudley.

Steeped in history, Dudley was at the heart of the industrial revolution. It is the huge mineral wealth of the region that catapulted Dudley into this position with plentiful supplies of coal, iron ore, limestone and fireclay. It is widely believed that the riches of coal - or perhaps the smoke from the factory chimneys in the 18th and 19th centuries that gave rise to the name 'The Black Country' â the region in which Dudley is located. What is clear is that Dudley was central to the industrial revolution and to this day remains one of the UK's most important manufacturing bases.

Dudley is know for a great deal more than it's manufacturing history however and boasts a fine castle and one of the best zoo's in the country with one of the largest and most varied collections of animals in Britain. The town is also home to a wealth of shops, restaurants, bars, clubs, museums and galleries in addition to a raft of sporting, leisure and recreational facilities.

Dudley receives a significant amount of development funding from a number of sources including the European regional development fund. The town is located within the governments' arc of opportunity regeneration zone and directly benefits from the tens of millions of pounds allocated to this project. Tourism plays a major role in the economy of the town and surrounding region and generated  £189 million pounds last year.

The regions transport links are exceptionally good with easy access to the motorway network and mainline rail services. A signed agreement is also in place for the extension of the hugely successful Midland Metro tram system. This  £200m project will link Dudley town centre to Birmingham city centre and a number of other key locations. This will prove to be of huge benefit to the Dudley economy allowing people to commute to the city with ease. It is hoped that the service will be fully operational by 2011.

The region is home to the largest concentration of small businesses in the country; in contrast it is home to one of the world's âlargest retail developments Merry Hill. Economic prosperity has resulted in many large businesses locating in and around the town and this along with other social factors has led to a local housing shortage. This is being tackled thorough the councils housing strategy as part if the governments communities plan. As a result of this housing shortage the towns' rental market is very buoyant and is expected to remain this way making Dudley a great location in which to invest in property.

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Need mortgage advice?

Maybe you're thinking of buying an investment property, or you need to release funds tied up as equity in your house. Perhaps you just want to find the best mortgage rate for your own individual circumstances and cut your mortgage payments. Why not call our mortgage department today? Our resident mortgage advisers will give you the best possible advice to suit your requirements. Call them today on 0870 1670996.
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What's available?

We currently have the following investment opportunities.

CV One, Lower Ford Street, Coventry
Brook Court, Alfreton Road, Nottingham

Please Âgo to www.propertyforlife.com/property/ for full details and look out for more great opportunities coming soon!

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Upcoming events

Over the coming months we will be attending several exhibitions in addition to our ongoing Property Academy programme. If you would like to attend a property academy session please call Laura on our 01252 737575 or email laura@propertyforlife.com stating which session you would like to attend and how many places you require.

April 29th 2006 - Bulgaria/Hungary presentation - The Coppid Beech Hotel, Bracknell

May 20th 2006 - PFL Property Investment Academy - The Felbridge Hotel, Nr Gatwick

June 24th 2006 - PFL Property Investment Academy - Luton region

For further information regarding the Property Investor Academy Programme please follow the link www.propertyforlife.com/whyinvest/education.html

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Do you fancy a spending spree at one of the UK's leading department stores?

The new look Property for Life referral programme can offer you just that.

All you need to do is tell an interested friend about Property for Life and you could soon have a minimum of £250 in gift vouchers to spend in any John Lewis or Waitrose store.

Quite simply, for each person introduced by you who then purchases a property through us you will receive a cool  £250 in John Lewis gift vouchers. If they purchase more than one property you will receive  £250 in gift vouchers for each property they purchase. You could soon be well on your way to that spending spree.

Remember, the more people you introduce the more chance you have of grabbing at least  £250. So why not tell your friends and family about Property for Life? Make sure they register on-line at www.propertyforlife.com/register/ and select the recommendation option at the end of the form and include your name in the 'other' box.

Please note that the referral programme is on a per property not a per person basis.

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