You can develop a property based on exactly what the market wants.
Vacant land is much easier to manage than an existing property,
at least during the time that you hold it.
It’s more affordable than land that’s already developed.
If your answer is ‘yes’ for any of these questions, then, you’re in the right place.
And you wonder if going into investment property can help you take one step closer to attaining your life goals, such as:
He and his wife wanted to allow their children the chance to experience a life that they themselves didn’t have growing up, without spoiling them, of course.
I felt intimidated when I first started. But with the right mentors and by doing my due diligence I was able to take the leap—and stay on this route for a while now. Since then, I’ve learned a lot and am still learning about investment property.
Investment property grows and compounds over time so it actually enables you to build wealth over the long term
It's a physical asset, which has value and can be seen, touched and changed. In comparison to shares, which you can't touch and control, investment properties are a much better investment.
The wealthy keep their money in properties, and investing in properties is something that has a proven plan that works if you just follow the fundamentals.
What type of investment property should I commit my money to?
Typically, you’re taking control of a plot of land that you’re going to build on. And that means you need to understand what the local market wants. Plus, it means you need to commit time and energy to turn the development into a reality.
This type of investment in vacant land and new developments offer a wealth of opportunity. You can customise the deal and build specifically for the market. However, you also need to recognise that you’re taking on more work in the process.
If after thoroughly considering all sides and deciding that this type of investment property is the best choice for you, then be ready to go all in.
If after thoroughly considering all sides and deciding that this type of investment property is the best choice for you, then be ready to go all in.
Typically, your goal with residential property is to take on a tenant so you can generate cash flow. On top of this yield, you will also look to create capital growth if you decide to refinance or sell the property.
She’s the housewife millionaire who has built an amazing portfolio of residential properties. When I sat down to talk with her, she shared a lot of useful advice for new investors who would want to go down this route.
Yes, you’re still buying a building and taking on a tenant, even if it is a different type of tenant. However, the big difference comes in lease lengths.
When venturing into this type of investment property, you need to buy with a business in mind. And you must give a level of control over to your tenants. After all, they need to turn the property into something that works for the business.
You must also note that if a tenant leaves, you may have to spend more to refit the property. Nevertheless, commercial leases do last longer and often provide higher yields than residential properties.
When I began investing, I bought a mixed-use property first—commercial on the bottom and residential on the top. Mixed-use properties offer the best of both the residential and commercial worlds.
Nevertheless, his early experiences gave him the grounding on investing, renovating and selling property he would need later on. In fact, he actually bought his first property at 18 years old!
Like what I said earlier, it really starts with that one question when you venture into buying an investment property. And, whether young or old, every investor’s journey is unique.
Once you’ve weighed your options, your challenge is to figure out which works best for you. Then from there, you need to build a strategy around that type of investment property—and, naturally, you’ll need to find the ideal property for your portfolio. And that is where we come in.
We can recommend the buyers agents who will ensure you get a good deal on a property that serves your strategy.
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