Many people are incredibly time poor between work and family these days, and it can be difficult to put the time aside to do all of the necessary research.
So when you’re doing all of your property research manually yourself... it’s very easy to underestimate just how long it takes to collate all the data you need to identify the right suburbs and the right properties to look at.
You see, for anybody who is trying to do this, it’s going to take many, many hours of work and a lot of searching the internet late into the night...
Not to mention playing around with free tools and reams of data... trying desperately to come up with what you THINK might be a good area to invest in.
And while there's nothing wrong with that... sometimes it just makes more sense to pay for information in order to get things going faster.
Thankfully, I realised this early on... the concept of “paying for a shortcut”.
In hindsight, this made a huge difference to my investing.
In fact, before I even purchased my first property, I bought several expert reports to assist my search...
And I continue to purchase and use these type of reports and data today.
Not only for speed, but also so I can leverage the knowledge and research other experts and also be sure the data is up to date...
Now, it’s true that expert reports and software can be expensive and easily run into hundreds of dollars.
However, I look at it this way...
I would much rather pay a few hundred dollars now, for the duration of my property search... rather than risk tens or even hundreds of thousand of dollars by choosing the wrong property, in the wrong area.
So bottom line... the value of keeping up the momentum and getting it right, can be the difference between making hundreds of thousands of dollars, and actually making a loss…