Investing in house property is a much safer option that investing in the stock market. There is always a risk factor involved with investing in stocks. While there is risk involved with investing in property also, it is very less when compared to the stock market.
Read up on the latest news. While land is permanent, it doesn’t mean that the investment does not devalue. Keep yourself abreast of the latest real estate invesment news. You never know when the real estate market is going to take a tumble.
Investing in property is one the best ways to become a millionaire. The best strategy to adopt would be to invest in upcoming cities such as Dallas in Texas. Dallas property market which is relatively affordable now can help you virtually mint money with time since the city is considered among the fastest growing ones in the U.S.
Look for an association that meets at least monthly if not more. This gives you a time to attend, meet people, have people meet you, ask questions, learn, network. If you have a choice this is the ideal situation. Now if the group only meets online or virtually, you might try to work with this group and see if you can’t find a way to get the people at the virtual meeting to attend a live networking events in town – be sure to work with the leader of the virtual group.
When you buy off plan, you usually pay less than you would pay for a completed property. Developers have an easier time financing the construction of pre-sold properties, so it’s in their interest to sell off plan. This is – or should be – passed along to the buyer. When you consider any off plan investment, research the market for similar properties, and expect to pay less, as much as 25% in some cases.
Buy the best land you can afford. Cheap land will get you nowhere. By the time you’re able to sell the land to an investor, or if you have enough money to develop the land on your own, you need prime property. Choose land that is accessible to roads, commercial establishments, and other places that make it a convenient, prime choice. It also helps to buy land with a good view of the surrounding environment.
Well, we have run into a sticking point in the real estate business because of our income and the fact that our W-2s come from our corporation. No bank would touch us. No lender would talk to us.well, they talked but said they couldn’t help. If we had a traditional job making a lot less money for some other company, we would qualify for a loan with no problem. Even our bank that we have all of our business and personal accounts with doesn’t want to touch us. Not even for a HELOC. How is that for customer service??