{"id":10703,"date":"2017-03-15T07:00:42","date_gmt":"2017-03-14T20:00:42","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=10703"},"modified":"2017-03-15T07:00:42","modified_gmt":"2017-03-14T20:00:42","slug":"why-most-property-investors-fail-zaki-ameer","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/why-most-property-investors-fail-zaki-ameer\/","title":{"rendered":"Why most property investors fail – Zaki Ameer"},"content":{"rendered":"

Of the over\u00a02 million\u00a0property investors in Australia, only\u00a018% own two properties, and less than\u00a01%\u00a0own five or more.\u00a0 Although any asset is an achievement, success to most property investors is really determined by their ability to continue purchasing real estate. Unfortunately, so many Australians save for their entire working lives to be able to afford an investment property, but very often once they achieve this, their progress remains stagnant because they aren’t sure of what to do next.\u00a0 Zaki Ameer<\/strong> Founder of Dream Design Property tells us about his formulae for building a successful portfolio.
\nTranscripts:<\/strong>
\nKevin:<\/b>\u00a0 Did you know that there are currently over two million property investors in Australia? Though the number may seem quite significant, statistics reveal that the majority struggle to maintain or even grow their success after initially entering the housing market. In fact, only 18% of those investors own two properties, and less than 1% own five or more. This highlights the challenge that many people face when they\u2019re trying to build a property portfolio.
\nZaki Ameer, who is the founder of Dream Design Property, has a very effective theory and practice on building your portfolio. He\u2019s learnt that through bitter experience. He joins me to talk about his experience.
\nZaki, thanks for your time.
\nZaki:<\/b>\u00a0 Thanks, Kevin, for having me.
\nKevin:<\/b>\u00a0 Tell me about your experience and why are those statistics so wide? You\u2019re going from 18% only ever owning one property and 1% five or more. Why is there such a big chasm?
\nZaki:<\/b>\u00a0 I feel like in my years of property experience and now probably seeing about 1100 transactions go through for our clients, there seems to be a trend, and the one that strikes out is about being selfish. What I mean by that is that most investors say they\u2019re investors but they\u2019re actually investing with their heart or their emotions and they aren\u2019t able to look at it from a completely factual point of view. They might be looking at the numbers but they\u2019re still deciding with their heart or their emotions as opposed to complete logic.
\nAnd if you somehow find a way to surround yourself with people who can make strong investment decisions purely on numbers, I believe you\u2019re in it; you\u2019re going to be a part of that top percent.
\nKevin:<\/b>\u00a0 Yes. Zaki, it\u2019s interesting, that point. This is a bit of a mindset, isn\u2019t it? You have to look at property investing as a business and take out the emotion.
\nZaki:<\/b>\u00a0 That\u2019s correct, which leads to my second part about impatience. I\u2019ve seen many, many friends or families or clients, etc. in the community who buy a property and within a year, they go, \u201cIt hasn\u2019t gone up in value, so that was a bad decision.\u201d
\nAgain, that comes back again to mindset and being completely aware that property is a long-term investment and in my take, at least a minimum of seven to ten years and maybe even more because you can\u2019t predict. How is anyone ever going to predict? We can only rely on data, but no one can make an accurate guess. You have to be in it for the long run. If values go down or go up or whatever, you just have to stick it through.
\nBut the other problem, as you\u2019ve seen probably in the Sydney market also, is when the values do go up, they go, \u201cOh, wow. I\u2019ve made a gain. Let me now just sell it.\u201d And then they miss the concept anyway of having holding for the long term and holding that asset to appreciate over time.
\nKevin:<\/b>\u00a0 It is a bit like running a business, though. You have to have nerve and be very, very careful about who you talk to. Do you think sometimes we can over-analyze the market, Zaki?
\nZaki:<\/b>\u00a0 Correct. I think it comes also with technology and social media. Everyone becomes an expert, unfortunately. It\u2019s so easy to get opinions from people who\u2019ve absolutely done nothing, and you rely on their advice. By relying on somebody else\u2019s opinion, you get more emotional and then you make bad decisions. They all go hand in hand. It\u2019s just about being self-aware to stop all the looking at things, take a step back, and let things be.
\nIn my take, if you have a property that can be rented and is hopefully somewhat neutral or maybe slightly positive, just let it be and let it just do its thing over time.
\nKevin:<\/b>\u00a0 Because if you continue to look at something and analyze it too much, you actually do become paralyzed. You become very fearful about moving ahead, don\u2019t you?
\nZaki:<\/b>\u00a0 That\u2019s correct. And you just stay in the same position. Many clients, I\u2019ve heard that they\u2019ve had hundreds of thousands of dollars saved up or from a property they\u2019ve sold or from an inheritance, and they\u2019ve done absolutely nothing and it\u2019s just sitting in the bank I guess for the bank to invest that money.
\nKevin:<\/b>\u00a0 You make another very good point, too, earlier in our conversation about not doing it alone \u2013in other words, building a good team around you, Zaki.
\nZaki:<\/b>\u00a0 Correct. That\u2019s why I think if you\u2019re going to buy quite a few properties \u2013 and I mean anything above two in my take \u2013 modern property investing, I look at it as a property investing business for yourself. You want to surround yourself with the correct people.
\nWhether it\u2019s an accountant or a depreciation provider or a pest and building report or a lawyer, all of them need to be qualified, not just in degrees but also having the results so that they have the experience, which is far more important than just education, and that they can advise you from their own experience in these matters. It\u2019s very key to take advice only from people who have done it before.
\nKevin:<\/b>\u00a0 You\u2019ve made some very good points in our very brief time together, but I guess it can all be underscored with the comment about getting the right mindset and how important that mindset is to becoming a successful investor.
\nZaki:<\/b>\u00a0 Yes. And it reminds me of back in the day, in 2007, when I was getting into property, I didn\u2019t read any books on real estate per se, but I\u2019ve read tons of books on mindset and the correct attitude and when things go wrong. I feel that\u2019s probably 95% of what you need and the other 5% you can learn.
\nKevin:<\/b>\u00a0 Great talking to you, Zaki Ameer. Zaki is the founder of Dream Design Property. How do we reach you? Just through your website, Zaki? Is that the best way?
\nZaki:<\/b> \u00a0Yes, DreamDesignProperty.com.au is the best way.
\nKevin:<\/b>\u00a0 Wonderful. Zaki Ameer, my guest. Thank you, Zaki. Talk to you again soon.
\nZaki:<\/b>\u00a0 Thank you, Kevin.
\n <\/p>\n","protected":false},"excerpt":{"rendered":"

Of the over\u00a02 million\u00a0property investors in Australia, only\u00a018% own two properties, and less than\u00a01%\u00a0own five or more.\u00a0 Although any asset is an achievement, success to most property investors is really determined by their ability to continue purchasing real estate. Unfortunately, so many Australians save for…<\/p>\n","protected":false},"author":176692471,"featured_media":10704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,10,11,13,36,22],"tags":[101],"class_list":["post-10703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-property-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment-topic","category-research-topic","tag-podcast"],"yoast_head":"\nWhy most property investors fail - Zaki Ameer - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/why-most-property-investors-fail-zaki-ameer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why most property investors fail - Zaki Ameer - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"Of the over\u00a02 million\u00a0property investors in Australia, only\u00a018% own two properties, and less than\u00a01%\u00a0own five or more.\u00a0 Although any asset is an achievement, success to most property investors is really determined by their ability to continue purchasing real estate. 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