Teenage Mom Episode 2

10 Tips for Starting Property Investment for Beginners



Of the many types of investments, one investment that is considered very promising is property investment. The property market has indeed scored many successful investors with huge profits. Not only in the form of houses, as for the property in the form of apartments, offices or other buildings.
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So it is not surprising if at this time some people are more interested in shifting their investment to the property sector. In addition, property investment risk is quite high. If you can't control it, this might be a disaster for your finances.

Before starting a business, let's look at 10 ways to invest in the following properties.

1. Have Repair Skills

Do you have building repair skills? Like painting walls, confirming a blocked toilet or repairing another part of a damaged building? Maybe some people will think of diverting some of the work to the artisan or other people who are more expert than doing it themselves.

But what if you have two or more properties invested? Of course this can cost a lot and will reduce profits. So, it would be better if you have your own repair skills.

2. Get Rid of Debt First

Not infrequently, property investors will take the method of debt in starting their investment steps. But, on average, people might not be taking this step. If you are still a beginner, you should use the money for property investment not from loan money. In addition, you can delay first to buy a property unit if you still have debt arrears because this is not the right step.

3. Do You Have More Down Payment?

Make sure you have enough or more down payment. Because, in property investment usually requires a substantial down payment compared to buying a building that will be occupied by the owner himself. Of course also has stricter approval requirements and other extra costs.

4. Be Careful With High Interest Rates

At present, the cost of borrowing money may look cheap. However, interest rates when you want to invest in property can be even higher. So, make sure you have a low monthly installment so that your profits will not be used too much.

5. Calculate your Margin (Profit)

Usually large companies always target profits of around 5 to 7 percent. While individual investors must target at least 10 percent.

Make sure you set aside a maintenance fee of 1 percent of the property value each year. Do not forget also other expenses, such as insurance, property taxes, and other monthly fees such as pest control that you must prepare the budget.

6. Don't Buy Secondhand Buildings

Perhaps many people are tempted to buy second buildings at low prices and make it a property investment after the building was renovated. For beginners, this is not a good idea!

Unless you have a skilled colleague or contractor who can be asked for help. Make sure it doesn't waste a lot of money to renovate. Or other options, look for buildings that are priced below the market average but have little improvement.

7. Calculate Operating Costs

This often escapes the attention of property investors. To avoid losses, make sure you calculate the detailed operational costs needed for each unit. Starting from repairs, tax fees and others. Overall, the operational costs of the new property will cost around 35% to 80% of gross operating income.

8. Choose a Low-end Category

For those of you who have just started a property investment business with limited capital, there is no harm in choosing a category of property that is still low-end. That is, if you want to invest your house, you can choose a house with simple specifications first.

The goal, of course, is to be in accordance with the amount of capital. In this principle the priority is to add assets first. When assets have developed, you can add capital from the benefits that have been gained to develop other property businesses.

9. Look at the Regional Planning Map

After you are determined to invest in the property industry, now is the time for you to look out to determine the right location. You should seek information about planning the area.

For example, area A will serve as an industrial area. This means that you can use the area to invest because it can be ascertained that the price will quickly soar.

10. Find the Right Location

This is the most important! Because the location will determine the success or failure of your investment. Be sure to find areas with low tax costs, decent areas, low crime rates. In addition, other factors such as near schools, shopping, parks and restaurants are also noteworthy.

Choose the "Sunrise Property" area. Sunrise Property is a property located in an area that will shine or develop within the next 5 years. Property prices in this region will continue to rise along with the development of the area. This is influenced by the construction of public facilities, especially infrastructure such as main roads, toll roads, and others.

Property investment is not like a managed stock or fund. You cannot sell only part of the property invested. You can also consider working with experienced partners in the property sector to help start your property investment business.



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