Learn how to Create Wealth through investing in property
For many buy-to-let looks an attractive income investment in a time of low rates and stock market volatility. But if you are considering investing in property in 2014, or improving your returns on a buy-to-let you already own, it’s important to do things right.
There is no secret get-rich-quick formula. You don’t go to bed one night and wake up wealthy the next morning. There may be people who promise these things, but I have yet to see one that lasts for the long-term.
A famous 1975 Financial Analyst’s Journal article, explained how the same concept that makes some people champion tennis players also extends to property investment.
In the excitement and euphoria of buying or selling a property it’s easy to forget that there is more to the process of merely getting the bond or approving the buyer or arranging an occupation date.
The ins and outs of how to build a property investment portfolio and achieve financial independence through long-term growth are not rocket science, but simply require an educated, committed and disciplined approach.
Owners of property investments who are involved in a dispute with the body corporate of their sectional title scheme should always choose the path of arbitration and not be tempted to hold back their levy payments.
Levy payments are essential in maintaining the financial health of any sectional title scheme and those with property investments should understand how these are calculated and why guarding against non-payment is vital.
Managing property investments optimally requires knowledge of what the costs are relating to each rental property, and a clear understanding of who is responsible – tenant or landlord.
Your title deed will open doors to all types of possibilities. Seeing your property as more than just a place to live, but as a valuable asset will change your perspective on how you can create wealth for yourself and your loved ones.