It‘snotasurprisethatlotsofbeginnerpropertyinvestorsaremotivatedbytheimaginemakingmillions,andmakingthemfast.Whetherthey‘rewantingtofindasolutiontodebttroublesorlackofcash,theymakethemistakeofbelievingjustaboutspeculativeshort-termgainsinpropertyinsteadofwhattheyoughttobedoing,whichisconsideringtacticalinvesting.
Firstly,youneedtounderstandthatgenuineestateisalong-termpossibility.Thisisduetothefactthatitlackstheliquidityandthusthevolatilityofotherpropertiesclasses,suchasshares.
Yourequiretoinvestandwaitwithrealty,plusyourequiretoconsidermanyadditionalcosts,suchascapitalgainstax.
FollowJohnSageMelbourneformoreexpertpropertyinvestmentrecommendations.
Thehugeplus,however:long-lastinggainsviathepowerofcompounding.
Youcanthenusethegainsyoumakefromonepropertytoleverageintoanotherpropertyandthenwiththecombinedgainsyoumakefromthose2residentialorcommercialproperties,youpurchasemoretoincludetoyourportfolio.
Ifyousetyourmindsettotakeintoaccounttimeandbepatient,youaredoingaveryfavorablethingforyoursuccessandwealth.
Youjustneedtotakealookattheremarkablegainsmadeinpropertyratesoverthelast25years!
Conclusion
IhaveactuallystateditpriortoandI‘llstateitonceagain—strategythoroughlyatthestarttoremainontrackandstaydisciplined.Thiswillserveyouwellthroughoutyourinvestmentjourneyandwilllikelyconserveyouthousands,nottomentionyourpricelesstime.
Tofindoutmoreaboutpropertyinvestment,gotoJohnSageMelbournehere.