Why do people invest in properties to fail when they can invest to win?
From my wealth of experience is property investing, I have come to realize that the number one reason people fail in property investment is because they do not take cognizance of the basic things that should be present before they purchase a property. They just go ahead and buy.
Call it lack of education and you will be right.
Real estate is my first love and I have been doing this since 1987. You see, not every property will put money in your pocket, but I see people making this mistake over and over. Which is the reason while many properties are been repossessed.
There is a good way and also a bad way to invest in real estate. I bear it all in my book, Millionaire Property Blueprint; How to …..’
However, let’s dive into the 5 property investment strategies that will help you succeed in real estate.
1. You Must Buy Below Market Price
This is the centerpiece of the millionaire property blueprint; you must learn to buy at a discount. People have cultivated the habit of haggling when they are shopping for everything except properties. They let the thousand pounds tag scare and hinder them from getting the best price. If you’re going to really do huge success in real estate, you must know how to buy, where to buy, and what to buy. Knowing this, is what will make you a winner, because there are thousands of ways to buy property at a discount.
2. Know Why They Are Selling
People sell properties for different reasons, which in turn determine the price. Some people sell to get the best price, some people want to sell very quickly, while some people want to sell for certainty, they want the deal to happen. If you are buying from somebody because they want the best price, there are not going to cut any deal for you, that is, you are not likely to get a discount. But, if you are buying from somebody who wants certainty and speed, such persons will be willing to give you discount. In most cases, these ones are probably going through a situation that requires them to get the cash in their hand right now. This is the same reason people take properties to auction, because they want speed and certainty. In other words, you only need to look for people who want to sell for speed and certainty; those are the two elements for you to get property at a discounted price.