Property investment is risky in the
short term, but secure in the long term. It is definitely not a way to get rich
quickly.
It takes the average property investor around 30 years to become financially
independent.
Often the first 10 years is making mistakes and learning what not to do and
then you need a number of property cycles under your belt to grow a substantial
asset base.
Since property is a long-term game,
don’t look for "what works now.” Instead, look for "what has always worked.”
History shows that this year’s hotspot becomes next year’s not-spot.
Don’t make 30-year investment decisions based on the last 30 minutes of news.
Residential property investment is a
high growth, relatively low yield investment class.
Wealth is created by building a substantial asset base.
You do this by holding good investments for a reasonably long time, reinvesting
the income you’re receiving, and allowing your capital gains to build up and
take advantage of the magic of compounding.
At times of poor or no capital
growth, strategic property investors "manufacture” capital growth through
property renovations or development.
Residential investment is a game of
finance with some houses thrown in the middle.
RealRenta
has all the tools that a property manager has, but
less than ¼the cost of a property manager.
Join now and the cost is less than a cup of coffee a
week to manage your rental property
RealRenta also has a free vision, so why not check it
out
Jason Gwerder
Wednesday, 19 January 2022