In the game of property investment, there is no one strategy that is better than the other. Only the ones with higher or lower risks. Strategy Four: Co-opt Players pool their money together with acquaintances, usually for capital-intensive projects like purchase of high-end condos or commercial properties. They lay down terms and conditions on how to split costs, share … [Read more...]
Playing the property game (part I)
To me, property investment bears a lot of resemblance to a board game. First of all, you must know the rules of the game and the possible scenarios. In order to win, you meet the opponents (or stakeholders). Gradually, you manage to win some goals. If you want to master the game, there are a variety of strategies to follow. Different people play the property game … [Read more...]
Setting a goal for property investment
What do you expect properties to help you achieve? A roof over your head? Some quick cash? A passive stream of income? Financial freedom? Early retirement? Be a multi-millionaire? These are some common goals. But they are not good enough. Setting the goal too low or too short-term, you won’t find it very exciting. It’s just not challenging enough for you. Yes, you … [Read more...]
5 common mistakes that 1st time buyers make
Why amateur property buyers’ seemingly good investments can turn into big regrets later? Their purchase often follows a certain pattern. Take extra precaution if you find yourself in similar situations: 1) When you are surrounded by “noises” Everyone talks about properties. Your family, relatives, friends and colleagues all show interests in buying properties. The media talks … [Read more...]