Low funds but big investment dream

Discussion in 'Property Wealth for Women' started by Veronica James, Sep 22, 2016.

  1. Veronica James

    Veronica James New Member

    I want to invest in property as I'm getting older and would look like/ need an income when I retire, however, I don't have a large amount of funds - how do I go about this, would the best option be a loan?
     
  2. nmb

    nmb Well-Known Member

    You probably need some collateral or capital to put down in order to obtain a loan although there is nothing stopping you setting out on your property investment career. As with any investment you will need to take into account your current financial situation and your future requirements and living expenses. Only then will you be able to see whether it is feasible and while age should not limit your prospects it may impact your ability to obtain a loan.
     
  3. Longterminvestor

    Longterminvestor Active Member

    The only piece of advice I would give you is don't be in a rush when starting your investment career with relatively low funding. Build up your experience, build up your investments but do not be tempted to take undue risks.
     
  4. lookinginvest

    lookinginvest Member

    Have you considered investing at a relatively early stage in a new development? A successful development in which you have early stage exposure can allow you to offset some of your financial risk as the relative price of the development rises near completion. There are risks associated with this so you need to do your research.
     
  5. Veronica James

    Veronica James New Member

    Since these comments I have looked into newly built student and hotel room investments, would you suggest owning a fraction of it rather than all of it? But if so, would a fractional ownership generate enough income in retirement?
     
  6. It really comes down to what you can afford, assuming that the development is safe and investment returns secure, without putting yourself under undue financial pressure. Remember, while this may seem a relatively small step into the world of property investment at least you are making a start.
     
  7. totallyproperty

    totallyproperty Administrator Staff Member

    Hi Veronica,

    Many developments that offer fractional ownership will offer the same level of returns whether you purchased just one fraction, or an entire unit/room. So it really depends on your budget. Also, if you have enough cash to buy 2 fractions you might want to consider spreading any potential risk involved and investing in 2 different projects. @Michelle Barringer is a specialist in this type of investment so should be able to give more expertise here.

    You could also look at Joint Venture deals.
     
  8. Belinda Grashion

    Belinda Grashion New Member Premium Member

    Hi Veronica,

    Thank you so much for posting a really great question in Belinda's forum.

    Through the training programmes Belinda and her team host, we always say... "It's not about the Money!" Find the deal and the money will come. We have worked with people from all walks of life and different financial situations.

    I've recently recorded a new webinar about the 5 secret shifts that took me to a 7 figure income. If you'd like to watch it, you can do so here: https://belinda-grashion.clickfunne...wed-me-to-create-a-7-figure-property-business

    I hope all this helps!

    Thanks again for your amazing question,
    Team BG! xx
     
  9. Longterminvestor

    Longterminvestor Active Member

    Hi @Belinda Grashion

    Thanks for the link, I will have a look at your webinar when I get the moment. However, I would be interested to learn what you feel are the best personal characteristics for property investment.
     
  10. Belinda Grashion

    Belinda Grashion New Member Premium Member

    Hi!
    We here at Team BG truly believe that it's so important to be yourself. We mentor people from all walks of lives but it's so important that they remain true to themselves and remain professional at all times.

    We also feel that property is a 'people business' and it's all about building those invaluable relationships that will create an amazing win-win business. The deals and developments that we do at Team BG are all focused around win-win business. We work with our dream team who have been with us for over 18 years as they know they will always receive professional, fair business.

    Some people think they can't get into property because of their limiting beliefs and internal chatter saying things like 'I can't do that' or 'I'm not clever enough' etc. However we love the quote by Zig Ziglar: "You don't have to be great to start, but you have to start to be great!"

    I hope this helps!
    Thanks for the question,
    Team BG! xx
     
  11. Longterminvestor

    Longterminvestor Active Member

    Hi @Belinda Grashion

    I read the inspirational article about your life and how you entered the world of property investment. How do you feel the market has changed since you first entered the world of property investment?
     
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