Is there anything that made you reconsider property investment?
Do you want to make sure you’re making the best decision possible?
Well, we are going to address some of the most frequent property investment misconceptions.
➤You need a lot of money to get started.
The amount of start-up money you’ll need varies depending on what you’re investing in, but many possibilities require very little upfront investment. Fix-and-flip properties are often inexpensive, especially if purchased at an auction or through a foreclosure.
➤Property investment is simply too dangerous, as I will be losing money no matter what.
Property investment is a risk. However, unlike stocks or gold prices, it is well within your control. You aren’t just hoping for the best and praying for a beautiful year. Its risks are calculated if you are willing to learn more about it.
➤Rent increases should only be made between tenants.
Though increasing a tenant’s rent may encourage them to look for a new home, the truth is they find it a hassle to keep moving. Your tenant will likely stay put and pay a somewhat higher rent if they like the house, and of course, if the increase is reasonable, then there won’t be any problem at all.
Don’t be fooled by these frequent misunderstandings.
Property investment varies, with dozens of options for making it work for you. If you have more unanswered questions, let me help with the answers and I am just a message away.