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Tuesday, August 29, 2006

Property Investing, from Sustainable Wealth Creation

In terms of providing financial freedom, Property Investing is second to none because:
If you acquire properties now, they will provide you with an income for the rest of your life.
There are many different ways to make money from property, so you can choose a strategy that best suits your current financial situation.
You can make mistakes with property and lose a fair bit of money, just like you possibly could on the stock market. However property is less volatile - a bad week for the stock market can be financially devastating, whereas a bad week for the property market is hardly noticeable.
Many people feel more comfortable investing in property because they see it as a safer investment. As Property Guru (and Millionaire) Rick Otton says 'Even if you completely stuff everything up, you still have a rental property. You’re not looking at a hole in the ground.’

The 4 Requirements of a property investor:
1. As with any form of investing you have to know what you are doing! Property is an area where you can lose a lot of money with silly mistakes that most property amateurs make. To help you avoid this, we’ve compiled a list of Common Property Mistakes
2. You have to like people and treat them well. You won’t succeed if your clients/tenants are unhappy or in financial trouble because your profit margins are too high. For some great tips on this click here.
3. You have to be open-minded. The majority of people lose money on their investment property because they do the traditional buy and rent it out strategy. You need to be open-minded enough to consider alternatives.
4. You have to be flexible, because making money out of property involves meeting people’s needs. And people’s needs vary.

Useful Information:
The Truth about Negative Gearing; How the average person invests in property – pros and cons.
Positive Gearing - the empire builder How positive gearing can grow your portfolio like nothing else.
Wraps How to become like the bank!
Lease OptionsThe best of both worlds
Helpful Real Estate Investing Tips General tips for dealing with property
Real Estate Selling Guide Learn how to profit from buying and selling property in prime locations worldwide. Discover secrets used by real estate professional investors to maximize profits and minimize risk.

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