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What was the best advice you ever received about property investment?

  • Thread starter Nicholas Wallwork
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Nicholas Wallwork

Nicholas Wallwork

Editor-in-Chief
Staff member
Premium Member
The world of property investment is a kaleidoscope of characters, personalities and different strategies. We all have our favourite properties, favourite sectors and sometimes it can be difficult to spread our wings to take in the whole property market. Along the way you will receive advice from friends, family and acquaintances about investing in property.

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nmb

Well-Known Member
It is often easier to take a profit than it is to take a loss. However, in order to ensure you are doing the right thing ask yourself, would you buy this property today?. If the answer is no then you know what to do.
 
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Avi Vaknin

New Member
As I got a piece of knowledge is true that first, we should ensure property facts.
 
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PostBrexitInvestor

Member
When looking to negotiate the best price, would you be willing to lose out on the property for just a few thousand pounds? Negotiating is all good and well, but if you take a long-term view on your investment, the upside will likely be significantly more than the downside.
 
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Ava Shelton

New Member
Always check the location and the real value of the property before investing in any particular property only then you can get assured that whether you are going to get good profits from the invested property or you will have to face the losses. It always takes some time to get some profit out of your investment, so you need to be patient and calm.
 
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diyhelp

Active Member
Be aware of so called "glass ceilings" in certain areas of the country where the maximum market price is general fixed no matter how much you invest in renovations, etc.
 
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Davidlane

New Member
I have check the best location and the real value of the property investing in Thailand
 
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Longterminvestor

Administrator
High rental yields are very useful in the good and the bad economic times. Cashflow should never be underestimated.
 
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FWL

Active Member
Cash flow is King - once cash flow dries up it can bring your whole empire crashing down.
 
NewOrleansHomeBuyer

NewOrleansHomeBuyer

New Orleans Property Investor
You make your money when you buy
 
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lookinginvest

Member
Always have more than one exit route - if one door closes then the other should still be there :)
 
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realdeals

Active Member
Same as stockmarkets - buy when there is blood on the streets!
 
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Kevinbratch

New Member
Invest in foreclosure properties.
Well the tricky thing is that most investors don't even realize there are specific things you can do to get started investing in Foreclosure real estate and find profitable deals easily. Unlike hoping you find a real estate deal that turns a decent profit that you have to battle other investors to get, here is a clear path to success in foreclosure real estate investing!
 
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ricky199014

New Member
To be straightforward, someone advised me that there’s always a huge demand for condos, apartments so these are the lowest asset risk. But still, there can be a risk in an investment of asset class. Investing involves risk and rewards both together so it's always better to consult a professional agent before you invest in any kind of property.
 
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Assetmonk

New Member
Some of the best advices in the real estate sector include:
  1. Don't check stock prices every day; you'll be surprised in ten years.
Mr. Market has a reputation for being cranky on a daily basis. Each minute, stock values swing substantially up and down.

As Rule #1 investors, we are unconcerned about short-term swings as long as you have invested in a great company that we know will rise in value. Observing these changes in real time may be distressing for anybody, and we all know that emotion and stress contribute to bad investment decisions.

Instead of monitoring the stock market every day, wait 10 years to see how much money you've made. There's no reason to be concerned about daily price swings if you purchase in a quality firm at an on-sale pricing.
  1. Live on One Income and Invest the Other
If you have two salaries in your home, living on one income and investing the other is one of the smartest financial decisions you can make.

In many circumstances, families are able to live well on one income while using the second to indulge in luxuries.

If you can pay your expenses and live a comfortable lifestyle on one income, you'll be able to save a significant amount of money over time, putting you and your spouse on track for a comfortable retirement.
  1. Invest in companies rather than stocks.
When buying stock in a firm, it's beneficial to think of it as if you're acquiring the entire company. After all, you're buying a piece of the firm, and if you wouldn't buy 100 percent of a company, you shouldn't even consider buying a little piece of that company.
When you approach investing as if you're buying the firm altogether rather than just the stock, you'll be forced to ask the appropriate questions.
Is the business one that you should invest in? Is it a piece you'd be pleased to own? Is this still a firm you would buy outright if you had billions of dollars to spend?
These are the questions that may help you make far better investment judgments and choose how to invest when you take a broad picture look at a firm.
  1. Treat each investment as though it were the same.

From stocks to real estate and everything in between, investments may take many different forms.
All investments, however, are the same when it comes to the investing method you utilise. An investment is something that will provide you a high return over time.

Buying a property or investing in a small business that you establish should be addressed in the same way that investment in businesses is approached.

Unfortunately, many individuals are unaware of this. There are many individuals who are really successful in the stock market, who buy real estate at full price, who are impatient with their money, and who spend when they don't need to.

Your strategy should be the same regardless of what you're investing in. Is it a long-term investment? Will it be worth it in 10 years? Is it likely to appreciate in value over time? Are you paying a lower price for your investment compared to its full value?
Finding the finest assets that work for you is the key to success in investing.
Everything I've taught you about investing in businesses still applies to whatever investment you could make.
  1. In most cases, the best investment decision is "No."
Opportunities that are actually worth pursuing are far more scarce than you would believe. That isn't to suggest they can't be found, or even that they can't be found on a consistent basis.
It takes effort, study, and patience to find a company that is genuinely worth investing in.
Keeping this in mind, the optimal investment option is almost always "no."
If you are looking for investment partners, then opportunities provided by platforms such as Assetmonk are really good and beneficial.
 
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bhupinderbhatti

Member
The best advice I ever received was:
  • To pay off my mortgage.
  • Consider your real estate investments as a business.
  • Working for someone else is never a good way to make money.
  • Your home is an investment that could become an investment property in the future.
  • Learn more about finance.
 
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