Investing in property means you have the chance of getting passive income from renting and capital gains when you sell your property on a highly appreciated price.
To get a profitable property investment, you should do research and investigate on:
To get a profitable property investment, you should do research and investigate on:
- Location; whether it will be a housing cluster, an office area, or something else. Every area has its own price class and different return of investment. An exclusive residence area will have a higher price compared to a remote housing area in the village that will be developed into a factory later on. You need to know about the location now and future plan of that particular area.
- Rate of return; so you will understand how much you will get paid on your return of investment.
- Interest rate; you may need to owe some money from your bank. You need to calculate carefully whether you can pay the interest rate or it will affect your daily cash flow.
Therefore, it is recommended for you to have professional advice from a credible property investment agent. What you need is not only profit when you sell your property later, but also knowing your advantages (such as undervalued properties) when you buy your property now.
A reliable property investment advisor will help you to have a good deal when you buy your property. You may get a good location with a very competitive price and some tax benefits.
