- Mistake: Analysis paralysis
Solution: learn well but act on your knowledge. Nothing will ever teach you like real life experience of actually doing it. Make mistakes, make them quick and especially quickly learn from your mistakes. That’s part of the process of become great. Free Online Property Course - Mistake: Not vetting tenants properly
Solution: Patience is a virtue. Doing research to set correct rent is a must. Attract the correct tenant is paramount. This will save you huge amount of time and money instead of needing to evict a bad tenant later. - Mistake: Holding out for top rents
Solution: Even if you’ve overpaid a property, cash flow is still king. Voids will costs you more that a small rent deficit. Do your maths! - Mistake: Looking at too many deals and opportunities and not focusing on what’s right one for you.
Solution: Investing is a strategy to achieve a personal goal. It’s not about chasing up deals or opportunities. Deals are vehicles which allow you to achieve your goals. - Mistake: Not trusting your gut feelings
Solution: if it doesn’t feel right just walk away – it’s better than kicking yourself later. - Mistake: Feeling you’re missing out; everyone is doing better than you, has more money or property than you, etc.
Solution: If you focus and persist, your time will come. Napoleon Hill’s quote: “The world has the habit of making room for the man whose actions show that he knows where he is going.” - Mistake: Not understanding that before you invest in a deal you have to know your exist strategy.
Solution: Learn how to achieve positive cash flow with the right exist strategy
htttp://www.assuredpositivecashflow.com
December 31, 2008
Most common mistakes that novice property investors make
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Construction cost calculator for new homes & renovations
Construction cost calculator for new homes & renovations
This will be a bunch of useful links
In the meantime if you leave down under visit that site…
http://www.homedesigndirectory.com.au/calculators/ConstructionCostEstimator.shtml
Thinking of buying properties in America after prices have bottomed up?
Did you know that all areas are zoned for commercial or residential and within that zoning you will have further zones including short term rental, long term rental, owner occupier and holiday rental.
Should you purchase a property in a long term rental zone and rent it to holiday makers or on a short term let basis you can be prosecuted, similarly if you buy in a rental zone and decide to live in it!
So be wary about buying property in Ameruca now, prices are still falling…
You can get the proper guidance before you buy.
millionaireriches.com is a trully amazing usa property investment knowlegde vault.
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The Land Registry Services
Any intersting services that the Land Registry provides that people don’t know very well?
Subscribe and add your comments, it’s Free!
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What are the problems around creative property investment strategies?
I am trying to list various problems linked to creative property investment strategies.
- If your strategy is quite different your market will show resistance
Most importantly how to resolve them…
- Ask people what problem they are trying to resolve or what gaol they are trying to achieve then only then show them how your creative property investment stratgey fit the bill.
Subscribe and add your comments…
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June 30, 2008
UK Property Investment in 2008: Is Time To Buy, Sell or Hold?
The way you think about property investment is up to you. But since we are not islands we cannot ignore know what others think about the UK property market in 2008: the credit crunch, repossessions, potential house price crash all the economic bad news.
Some big landlords are also feeling the pinch too. Time to protect your money?
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June 22, 2008
A Handful Of Housing Horrors!
On 19 June 2008 in his annual Mansion House speech, the governor of the Bank of England warned that the UK faces a few tough years ahead.
What is you outlook for the property market and the economy in general?
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October 29, 2006
Getting into buy to let without the stress?
I visited a friend recently and asked him whether he was considering buying yet another property to let.
His answer: too stressful;I rather want to develop my next property and sell.
What do you think: Is it still possible to get into buy to let without financial stress these days?
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December 2, 2005
Hesitant homebuyers drive up rentals
Demand for rented property in the last quarter was at its strongest since January 2004, according to the Royal Institution of Chartered Surveyors.
Around 23 per cent more surveyors had seen a rise in people wanting to rent during the three months to the end of October.
The RICS report claims that the rise was driven by [...]
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October 10, 2005
Inflation rises, but interest rates could fall…
Republished from october-19-2005
That is a paradox.
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