Let’s talk about investments in real estate. 🏡
/My Own, 📍Bali/
Investing means not to save money and then keep it under rasonable % so that you don’t lose it, but investment means multiplying your invested money and getting a lot more on the other side.
I’m sure you heard a lot anout how loan is a bad thing. And it usually is mot a good one in terms of building wealth. But it’s important to understsnd as well the purposes of taking a loan.
This could be a good and profitable thing if you take a loan for business and investment purposes. Of course, you need to investigate a lot before doing so.
What should you pay attention to when making such an investigation if we talk about real estate?
✅ The real estate property should be undervalued by some 30% compared to the average market price of similar property. There are many reasons why there are undervalued properties on the market, e.g. the seller needs the money fast, so be sure to spend the time preparing and finding the right item.
✅ It’s usually advised for beginner investors not to buy property in desire to sell it fast for more expensive price. There are nuanses that you should be ready for and more secure way usually is buying property as a long-term investment and getting money from rental.
✅ Invest time in investigating trends of your city (or other city you’re planning to buy property in). What type of property are people willing to rent? And invest in buying exactly this type of property, be in trend!
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