It‘snotasurprisethatlotsofamateurpropertyinvestorsareinspiredbytheimaginemakingmillions,andmakingthemquick.Whetherthey‘rewishingtodiscoverasolutiontodebtproblemsorlackofmoney,theymaketheerrorofbelievingonlyaboutspeculativeshort-termgainsinpropertyratherthanwhattheyshouldbedoing,whichisthinkingofstrategicinvesting.
Firstly,youneedtounderstandthatrealtyisalong-lastingprospect.Thisissinceitdoesnothavetheliquidityandhencethevolatilityofotherpropertiesclasses,suchasshares.
Yourequiretoinvestandwaitwithrealty,plusyouneedtoconsiderlotsofextracosts,suchascapitalgainstax.
FollowJohnSageMelbourneformoreskilledpropertyinvestmentguidance.
Thehugeplus,nevertheless:long-lastinggainsviathepowerofintensifying.
Youcanthenusethegainsyoumakefromonepropertytoleverageintoanotherpropertyandthenwiththecombinedgainsyoumakefromthose2residentialorcommercialproperties,youbuymoretocontributetoyourportfolio.
Ifyousetyourstateofmindtoconsidertimeandbeclient,youaredoingaverypositivethingforyoursuccessandwealth.
Yousimplyneedtolookattheremarkablegainsmadeinpropertycostsoverthelast25years!
Conclusion
IhaveactuallystateditpriortoandI‘llsayitagain—planthoroughlyatthestarttostayontrackandremaindisciplined.Thiswillserveyouwellthroughoutyourinvestmentjourneyandwilllikelysaveyouthousands,nottodiscussyourpricelesstime.
Tofindoutmoreaboutpropertyinvestment,seeJohnSageMelbournehere.