4 Things to consider before property investment

If you are thinking about investing in properties, the first thing you will do are probably searching information. Perhaps, you will find a lot of useful information, at the same time you will be so confused on the huge information. To help you out, I am going to share 4 things to consider before property investment.

1 Know yourself, Know your goal

Money is not only a number or paper, instead it is a media to exchange something you want. So make sure you know your goal to success.

If you ask every investor, every investor will tell you he/ she wants to gain as much profit as he/she can. If that is the case, why not everyone choose the same investment product? It is because everyone made decisions based on different criteria. Some prefer aggressive investment model usually it can gain more and faster. On the other hand, some people are more conservative. Not because they don't want to gain quickly, but play safe is more important for them. There is no right or wrong, it is the choices impacted by investors personality and goal. In order to choose the investment model fit for us, it is important to understand your personality and goal.

2 Know your numbers Keep chasing more and more money wasn’t sustainable.

Because you may burn out. You may lost connections with friends and family. You may sacrificed too much for MONEY while You only think you need MORE & MORE & MORE Money. Before doing any investment, the first thing you should ask yourself is " HOW MUCH MONEY IS REALLY ENOUGH?" These were some of the questions that would help me determine how much is enough. 1. What kind of life do I want to live? 2. What do i really love? 3. What is my mission? 4. What does the perfect day look like? 5. What truly makes me happy?

Find the amount of money that would help me maximize my happiness and do the things you love with the people I love.

3 Don't take it personal The ultimate goal for investment is create wealth. When we go viewing, we will easily attracted by properties with good staging or good looking. Bear in mind that emotion does not drive you to a successful outcome on your return. It is dangerous to make the purchasing decision based on what you feel. Never buy a properties that you " feel good"! You are not going to live in the property, there is nothing to do with your own feeling. It is a common trap. Instead, always look for data and research. Let the data to tell you the market trend and expected returns.

4 Let money serve you

"Everyone is a genus. But if you judge a fish on its ability to climb a tree, it will live its whole life believing that it is stupid." - Albert Einstein. The difficulties of Investment property is not only about purchasing a properties, but also involve a lots of paperwork and managements. Sometimes people would try to do everything by themselves and think that it can helps to save cost. However, what will happened is that you spending lots of time doing project management job, builders job, accountant job, letting agent's job. It is not only time consuming, more importantly, this is a very risky decision as you do not have substantial and detailed knowledge.

For example, as a landlord, you need to ensure your property fulfill all the local rules and regulations before rent out your properties. You can never predict the consequences and you can never do better than a expert. For this case, this risk can be fully minimized by assigning the duty to letting agent. Don't forget the aim for the investment is to achieve revenue, minimize all the risk is also one of the important element for a successful investment. Let the money serve you, ask the experts to work for you. Your role is to find as much as good opportunities and let the money works for you.

#investment#returns#money#properties#yourself#Now