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Answering your frequently asked questions about investing in property
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WHAT’S THE DEAL WITH PROPERTY
INVESTMENT Answering The Frequently Asked
Questions About Investing In Property
(Part 2)
Here are the part 2 of the frequently asked
questions about property investment. Tan Yang Po,
someone who is very familiar with property investment is the one
who answer the questions.
1. When is a good time to invest?
A lot of people ask this question because they’re hoping to buy low and sell high. Sometimes they mis-time the market and get stuck with a property they bought near the peak and at market value.
They end up having to wait a long time for the next peak to come around before they can sell the property for a profit.
1. When is a good time to invest?
What you have to understand is that any time is a good time to invest if you know how to find below market value (BMV) property. Don’t time the market. You can never accurately predict the market with 100% accuracy because you’re not God.
1. When is a good time to invest?
That is why the safer way to invest is to buy BMV properties. That way, even if the market price drops, you are already protected to some extent.
1. When is a good time to invest?
2. How do I manage risk?
Investing in BMV properties is a great way
to start managing risk. Having the right
protection like insurance is another way.
Most of us only know how to buy fire
insurance. However, there are other types
like content insurance is just as important to
get so you can protect your asset.
2. How do I manage risk?
Knowing how to plan your finances to
ensure you do not over leverage is another
way of protection. Equipping yourself
with these basic fundamentals will help
you to protect your investment.
2. How do I manage risk?
3. Short term VS Long Term
Before we ask this, you need to understand that
some property is suitable for long term, some
short. More importantly, you must be clear on
your goal for investing in property. Are you looking to flip and sell or are you
looking for cash-flow?
The type or property you choose to invest in
will depend on your choice. Property is only
a tool to achieve your financial goal.
Understand your goal clearly then you will
choose the right property.
3. Short term VS Long Term
4. What is a comfortable amount to start off with?
A lot of people think you need a lot of money to invest in property.
But if you learn the right property investment strategies and are familiar with the property regulations in different countries, you can even find deals with little or even zero capital down.
4. What is a comfortable amount to start off with?
For the beginner, however, a minimum amount $10,000 is a good number to start with.
4. What is a comfortable amount to start off with?
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