3 Tips for Property Investment
Here are some tips about Property Investing
1. Buy from motivated sellers
The trick is simple if you look for someone motivated to sell you can get a good deal. A good deal means anything below market price sometimes you can get a deal 15% below market price, and sometimes 50%. The key is to find someone so desperate to sell you their property and they’re willing to sell it at a price 10 years ago when they bought it. Dont worry they still remember.
2. Buy in an area that is easy to rent out
Renting out is one of the most important thing for property investing, Unlike other investment opportunities like insurance, shares etc property investment allows you have somebody else pay for you. Just imagine after paying your deposit and few months of mortgage the rest of the property is paid by the tenant, plus they’ll put some pocket money into your wallet too. And the key to make this happens is always to buy in a place where it’s easy to rent out. Price won’t matter after that.
3. Keep cash buffer
Property investing is risky most people might say, but if you know where the risk are there’re probably no risk at all. Depends on your portfolio size always keep an emergency saving for back up just in case your tenant moves out and you can’t find another tenant in time to keep your asset rolling.
Extract from : Property Investing
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