Property investment has been one of the best investment known to men. However, with the economic slow-down being experienced by some countries, doubts over the real estate industry circulated globally. Despite these rumours of possible collapse, some expert individuals still cling to property investment as a mean of generating income.
There are many ways on how you may have an investment in real estate property. The most popular one would be through leasing or renting your property. Aside from that, you may also manage your investment through buy and sell of commercial properties, which may give you a greater return.
However, there are many known risks in this type of business, one of which is the alleged economic slowdown which may affect the interest rates and other important aspects of your investment. To be more secure and lessen the gravity of these risk, Ken Meyer, in his article shared some important guideline before diving into property investment:
8 Things to Consider When Buying an Investment Property
-Acquisition Cost
Are you buying this investment property at the right price? While good investment properties are rarely cheap, if you are unable to find comparable sales that support your price, you might be overpaying.
-Availability of Financing
Can you get a reasonable loan on the property? If you cannot, ask yourself this question... If my lender does not want to make a loan on it, do I really want to own it?
-Management Needs
Some real estate, like single family homes in highly desirable communities, is very easy to own. Others, like apartments in rougher parts of town, require a great deal of management. Read full post...
With the ideas given above, one may simply lower the risk involved in property investment. However, things may change without you noticing it, some trends in the past may not be applicable in the coming years, so better check the sign of the time and be more updated. And in order to be guided, you may consult experts for some advice.
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