Investing in Real Estate!
Tuesday, May 13th, 2014
You’re out of school and working in the real world and its not all its cracked up to be. You might not be making the money you thought you would at this point in your life but its time to make money work for you! Investing isn’t just for the old and well off, most people think they don’t have the capital to start investing in real estate but what if I told you that you could start investing now?
Investing in real estate is no easy feat but here are some tips you can use to help you in your real estate venture. The most basic rule of investing is buy low sell high. Years of dramatic price increases can be an argument not to invest in real estate but the difference between dumb money and smart money is patience. Know the difference between speculating and investing though, speculating is buying a piece of land and hoping it appreciates, investing is buying land and collecting high income in the form of rent. Interest rates are another thing to be knowledgable about. Interest rates affect the availability of capital available and the demand for investment. These capital flows influence supply and demand for real estate and as a result affect property prices. Keep your eyes out, deals will come! Condos are something to consider in this day and age. When was the last time you saw a three story walk up being built? Condos are on the rise and who can afford these condos being built? Downsizing baby boomers, students, young couples and young professionals. Giving them the urban lifestyle without the stress of owning a home! If security, amenities, low maintenance and affordability is your cup of tea a condo might be your best bet.
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