It's 2019 the year for investing in property?
...no matter what the naysayers say about the market...
...It’s always a good year for it.
... It's not about when to buy, but where to buy...
and you need to know how to do it correctly.
Property buying tips may vary regionally from year to year.
However, there are a few tips that hold true no matter when you choose to invest.
So, before you go out looking for your next property, remember these tips:
Tip #1 - Don’t Make Emotional Investment Decisions
Sure, we all get emotional or sentimental from time to time.
But don’t let sentiment convince you that a certain area is a great place to invest.
Likewise, you also don’t want to get caught up in so-called market booms – or busts.
Temper your emotional responses to avoid investment disasters.
Remember, the market cycles up and down.
So take advantage of the highs but be prepared for the downturn.
Tip #2 - Not All Properties Are High-Performance Ones
In a perfect world, you’ll find the perfect neighbourhood and property immediately.
In reality, though, you may have to sift through a few to find the right one.
Sure, there are plenty of properties for sale.
But you want a high-performance one.
That means that a potential property has to have the following 3 things:
- high growth
- high yield
- value add potential
If the property doesn’t have all 3 aspects, you may be better off looking at the next one.
In order to have a true high-performance investment, you need the combined power of all 3 to create the “Holy Trinity of Real Estate Investing.”
Tip #3 - Be in the Business of Property Investments
Do you treat your property investments like a business?
If you don’t, maybe it’s time you should.
Surround yourself with a great team to help you find the right properties.
This also means getting the right finance and protection structures in place.
Everyone needs help now and again.
And finding the right properties can be time-consuming.
But this is where Dashdot can help.
Our team of specialists can help you build your property portfolio.
Simply fill out our quick application to get started with us today.