greenieS
Verified member
Real Estate Investing - Tips
Real estate investments are considered by many to be the safest types of investments you can make.
Unfortunately, for the inexperienced, things are not as rosy as some suggest.
1. Read, learn, document yourself
Ideally, before choosing any form of investment, it is to master that field very well.
Although the real estate sector may seem simple to you, our advice is to find out from books, forums or guides (as it is) about what it means to actually invest in such real estate.
Only by reading and learning from the experiences of others will you be able to discover all the obstacles you might encounter when making a real estate investment.
And only with all the information will you be able to avoid certain more unpleasant situations.
2. Investing in real estate through mortgages
Even if at first sight it might seem counter-intuitive to apply for a mortgage loan to make a real estate investment, if you do your calculations well, such an approach can be really profitable.
If the monthly rate is somewhere between 150 - 160 Euro and you manage to rent the house purchased with the help of the bank for at least 250 Euro, the difference in money is your profit.
It is true that the amounts obtained in this way will not be terribly large, but at the end of the year, you will still record some gains.
3. Set your financial goals
From the very beginning, you need to know very clearly what financial goals you want to achieve as a result of your next investment in real estate.
What do you want to achieve by purchasing the home in question? Do you want to rent it or renovate it and sell it, making a slightly faster profit?
All these data are extremely important and the actions to be taken by you will depend a lot on them.
4. Visit as many properties as possible
Even if the first home you saw looks great, keep watching as many offers as possible. Only in this way will you get the most objective idea of how the real estate market looks at the moment.
5. Choose your tenants carefully
If your plan is to make a real estate investment by buying a home and renting it out, then you need to pay close attention to what people you receive as tenants.
Not infrequently you will come across people with bad intentions, who could destroy your property and you will find that at the end of the contract period you have to make serious investments to fix the damage caused.
Some tenants may cause problems by delaying each time they come to pay the amount of money you have agreed upon or trying to make you lose money by mutual agreement.
I think these are the best tips in this area. What do you think ?
Real estate investments are considered by many to be the safest types of investments you can make.
Unfortunately, for the inexperienced, things are not as rosy as some suggest.
1. Read, learn, document yourself
Ideally, before choosing any form of investment, it is to master that field very well.
Although the real estate sector may seem simple to you, our advice is to find out from books, forums or guides (as it is) about what it means to actually invest in such real estate.
Only by reading and learning from the experiences of others will you be able to discover all the obstacles you might encounter when making a real estate investment.
And only with all the information will you be able to avoid certain more unpleasant situations.
2. Investing in real estate through mortgages
Even if at first sight it might seem counter-intuitive to apply for a mortgage loan to make a real estate investment, if you do your calculations well, such an approach can be really profitable.
If the monthly rate is somewhere between 150 - 160 Euro and you manage to rent the house purchased with the help of the bank for at least 250 Euro, the difference in money is your profit.
It is true that the amounts obtained in this way will not be terribly large, but at the end of the year, you will still record some gains.
3. Set your financial goals
From the very beginning, you need to know very clearly what financial goals you want to achieve as a result of your next investment in real estate.
What do you want to achieve by purchasing the home in question? Do you want to rent it or renovate it and sell it, making a slightly faster profit?
All these data are extremely important and the actions to be taken by you will depend a lot on them.
4. Visit as many properties as possible
Even if the first home you saw looks great, keep watching as many offers as possible. Only in this way will you get the most objective idea of how the real estate market looks at the moment.
5. Choose your tenants carefully
If your plan is to make a real estate investment by buying a home and renting it out, then you need to pay close attention to what people you receive as tenants.
Not infrequently you will come across people with bad intentions, who could destroy your property and you will find that at the end of the contract period you have to make serious investments to fix the damage caused.
Some tenants may cause problems by delaying each time they come to pay the amount of money you have agreed upon or trying to make you lose money by mutual agreement.
I think these are the best tips in this area. What do you think ?
