Monday, August 04, 2008
If you're investing for capital gain, you should be prepared to spend more on buying a property in a developing suburb. But if you are keen on investing for rental return, you may also consider less expensive suburbs but areas that have good local amenities like buses, shops and education facilities. If you are investing for potential capital gain, then start gathering statistical information and the growth rates of different areas. Look for areas that are just starting to grow above their normal rates. Often, the suburbs around an overheated suburb are a good place to start investing.
A recently published survey by Business Review Weekly claims that 63% of the rich either made their wealth through real estate investing and/or hold their wealth in real estate investment. It is also a widely accepted theory that if you want to retire rich on a passive income, the best place to invest is in real estate. What however prevents the average people fro achieving this goal is lack of knowledge, lack of sound investment strategy and lack of capital. So, if people are passionate about real estate investing and want to get off the treadmill, here is the breakthrough opportunity for them to either supplement their income or totally change their career or business by investing in real estate.
Labels: Investing-in-real-estate





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