I have now discussed investing in property at some length and now you must ask yourself this question, “Do I invest in property or don’t I.”
As I have previously mentioned it is not difficult; with the right information and the right strategy you could confidently take the right action and become an astute property investor and begin the journey towards creating wealth and more importantly a recurring income.
As Robert Kiyosake in the book ‘Rich Dad Poor Dad’ says; “You don’t work for the money; the money works for you”
The sooner you invest, the more profound the compounding impact of your portfolio will be. When you study compound interest you will be amazed how it works. As we know property doubles every 7 to 10 years, so you might as well use it to your advantage.
If I asked you this question;
“Would you prefer to get $1 million now or 1 cent that doubled everyday for a month” What would you answer?
The result of 1 cent doubling over 30 days is $5,368,709.12. That is the power of compound interest.
While most investors read a book or two, do a little research and then buy one of the first properties they come across, strategic investors are smarter than that. They follow a system that is rooted in the real world and has stood the test of time and the changing markets.
So what does an astute property investor look for in a good investment property?
- Genuine and sustained growth drivers
- A rental yield, which matches the investor’s required cash-flows
- Tight vacancy rates
- A quality target tenant pool
You are probably aware that the property market is over-heated at the moment, so it is probably not the best time to buy. However, if it is your need to do this right now, it is better than not doing it at all.
If you need any help and advice on this or any property related matter, please feel free to email me to firstname.lastname@example.org.
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