How To Invest In The Right Property
Unlike the share markets where there are complicated terminologies you need to get your head around, real estate is relatively simple. You know what a house, unit or a plot of land is and you don’t need a hand-out to tell you all about it.
Below are few strategies to build a real wealth
1. Time the market.
Timing is everything. it's easier to get a better deal when everyone is selling especially the festive season..
2 . Invest in residential real estate
Everyone must live somewhere — regardless of the economy. Self contain, one bedroom, 2 bedroom, flats, etc. are easy to rent, sell and finance. They also maintain their value in the event of a downturn.
3. Make your money on the buy.
With real estate, investors often believe that flipping is where the money is. But that is not true. Your purchase price is the main factor that determines your profit later on. Make your money when you buy, not when you sell.
4. Buy property in up-and-coming neighborhoods.
Identify up-and-coming areas. Locate neighborhood town close to the major cities, most time you will find young people who’s just moved to the city, live in these area
5. Do your homework
When investing in real estate, do your homework by using all the data and analytics you can find. Then, listen to your gut. Rely on the data and your instincts.