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7 Steps To Getting Started In Property Investment by ShelterHomes(m): 5:15pm On Aug 26, 2016 |
When it comes to property investment, it is something most people think about. It is probably the only business venture that is risk free once it’s legit. Yet for many when push comes to shove, you get stopped.It’s not surprising that a lot of people get overwhelmed by the process and quit before they even begin. But it doesn’t have to confound. Reality is, property investing is relatively straightforward.To help you begin your journey, here are eight steps to starting a property portfolio on a solid ground, without losing your mind. 1. Check your finances This can be as simple as listing all your assets, including incomes and work out your expenses. This will give you an idea how much cash you have available to invest. Don’t immediately assume that you can’t afford to invest. As long as you have a stable and reasonably good paying job with solid employment history, you shouldn’t have a problem getting investing in property no matter how small. 2. Set your goals What are you looking to achieve? What does success look like to you? Property investors generally invest in property to secure their financial future or to be free to do what they want, when they want it.In order for you to achieve your goals, you must first articulate what your goals are. More importantly, you need to set a deadline as to when you want to achieve these. Then you can work backwards.For example, if you’re looking to replace your income and retire on your investments within 10 years, you can start by creating a 10-year plan, broken down further to 5-yearly, yearly, bi-annual all the way down to weekly timeline. This way you don’t get overwhelmed by the enormity of the task. 3. Understand your attitude to risk Your risk profile will dictate your strategy. What sort of risk can you tolerate? Getting an understanding of your own attitude to risk will help you create a strategy that reflects this. 4. Start budgeting It’s not sexy. It’s not even remotely interesting. But budgeting is the only way to ensure you’re able to balance your income and expenses. It allows you to see where you’ve been spending your money and helps you to plan for bigger expenses down the line.There’s good budgeting software available, such as this budget planner and this spreadsheet tool. Make sure to set this up even before you start looking for a property. 5. Create a purchase plan What does an ideal purchase plan look like? It should facilitate your goals of growing your portfolio to a point where it’s producing the growth or income you’re aiming for. It should serve as a structure for you to stay in the game. Here’s an example of a purchase plan you can follow: Define your strategy Set up your criteria Do your research Cull your list Get appraisal Do your due diligence Make and offer and negotiate 6. Be informed Use the tools available to you to make an informed decision. Knowing the market can be key to making the right investment choice. Being informed also means being wary of get rich quick schemes and property peddlers. If someone is promising you guaranteed returns and overnight riches, walk away; the only person getting rich is them.There’s no such thing as a property psychic and while there are tried and true methods to research, no one can make guarantees. Understanding your tolerance for risk will help you shape how much you’re willing to take on over the shorter and longer term. 7. Stay focused Make sure you stay focused. Investing in property is a business decision, not an emotional reaction. Get clear about what you want to achieve Set a date as to when you want to achieve this goal Identify milestones you need to do to get to your goals It’s easy to get overwhelmed when you’re starting something new and as massive as property investing. But don’t give up. Just imagine in 10 years, if you buy the right properties this year, you could be sitting back, feeling happy, secure and even proud that you bought properties that more than doubled their values while your peers and everyone else wishes they’d bought back in the day. How good would that feel?
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Re: 7 Steps To Getting Started In Property Investment by ShelterHomes(m): 7:31pm On Aug 26, 2016 |
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Re: 7 Steps To Getting Started In Property Investment by ShelterHomes(m): 5:35pm On Aug 27, 2016 |
Have Shelter Homes consultant with you, you will not be left wandering by yourself. we will be your light guiding you through your path in purchasing your property! ☎️Contact .Call or Whatsapp SHEYI/ WALE 08027493735 08124579981 08061388834 08035331074 08176177491 shelterhomes4u@gmail.com Specialties & Services |
Re: 7 Steps To Getting Started In Property Investment by ShelterHomes(m): 7:12pm On Aug 27, 2016 |
Would be nice you call me to schedule you for our free site inspection. Do it right when it's right Enough of the procrastination! Take a stance now! Buy land in a remarkable location, build your house, occupy it and ultimately sack your landlord! With the information at your disposal you would want to agree with me that you don’t need a soothsayer to tell you that life has just gotten better. That is why its called an investors delight! You should move and pitch your tent at Ibeju-Lekki now!!! Call these numbers for more info about Ibeju-Lekki :08124579981 , 08027493735 , 08035331074 , 08176177491 , 08061388834 shelterhomes4u@gmail.com |
Re: 7 Steps To Getting Started In Property Investment by ShelterHomes(m): 11:19pm On Aug 27, 2016 |
Your Environment is key: This estate offers you a chance to be surrounded by premium housing estates and fun sites. Imagine having Eko tourist beach, the popular La champagne Tropicana and even a golf course as neighbours. Your status just moved overboard. |
Re: 7 Steps To Getting Started In Property Investment by ShelterHomes(m): 12:02am On Aug 28, 2016 |
Live amidst wealth: Located proximally to Dangote Refinery Project.Lekki International Airport,Sea Port, Dupri Group Industry and Eleganza industries; your fountain can never run dry. |
Re: 7 Steps To Getting Started In Property Investment by ShelterHomes(m): 5:20am On Aug 28, 2016 |
It’s not surprising that a lot of people get overwhelmed by the process and quit before they even begin. But it doesn’t have to confound. Reality is, property investing is relatively straightforward. To help you begin your journey, here are eight steps to starting a property portfolio on a solid ground, without losing your mind. |
Re: 7 Steps To Getting Started In Property Investment by ShelterHomes(m): 6:23am On Aug 28, 2016 |
With the information at your disposal you would want to agree with me that you don’t need a soothsayer to tell you that life has just gotten better. That is why its called an investors delight! |
Re: 7 Steps To Getting Started In Property Investment by ShelterHomes(m): 2:18pm On Aug 28, 2016 |
beautiful estate environment were Children can Play around safely while adults take walks, good water, light, well occupied with cooperate good neighbors |
Re: 7 Steps To Getting Started In Property Investment by ShelterHomes(m): 5:07pm On Aug 28, 2016 |
Get about 300% appreciation: This is how high your investment would appreciate; the net-worth of your investment years after you key into what you never saw as a goldmine. In addition, the location enjoys 40% of total construction activity in Lagos, continuously driving higher demand and price. According to experts, a plot of land at ibeju will likely sell at N25.5million per plot by 2020. |
Re: 7 Steps To Getting Started In Property Investment by ShelterHomes(m): 9:43pm On Aug 28, 2016 |
Do you Need Vacant Plots/Acres of Land where ever your choicest location is Call me Am sure what ever your budget is I will get something for you.. |
Re: 7 Steps To Getting Started In Property Investment by ShelterHomes(m): 10:43am On Aug 29, 2016 |
We are not going to ask you for a kobo before inspecting our properties, we delight pleasure in meeting up with your demands as well as giving you the best. Our clients are assured of scam free transactions, as we keenly verify the genuineness of the products we promote. Every product we promote on this Forum is absolutely scam free! We buy into the visions of affiliate companies, whose products are being promoted, thus going along in providing shelter for the masses with most flexible payment ever. |
Re: 7 Steps To Getting Started In Property Investment by ShelterHomes(m): 12:33am On Aug 30, 2016 |
A lawyer, Surveyor and Architect are the 3 most important people you must get in touch with before you buy a land. The lawyer is the only one that can draw up your contract papers legally. Any other landed document drawn up by any other person is null and void and you would not be allowed to process your papers at the Land registry. |
Re: 7 Steps To Getting Started In Property Investment by ShelterHomes(m): 11:56pm On Aug 30, 2016 |
SACK YOUR LANDLORD NOW H !!! Whether you like your landlord or not, it is time to get conscious of the fact that you must become a landlord yourself, and to do that, you need to first ‘SACK YOUR LANDLORD’. |
Re: 7 Steps To Getting Started In Property Investment by ShelterHomes(m): 6:04pm On Aug 31, 2016 |
investing in lands in this part of the world-Lagos; IBEJU-LEKKI will guarantee you bumper returns on your investment. |
Re: 7 Steps To Getting Started In Property Investment by ShelterHomes(m): 4:11am On Sep 08, 2016 |
I want to be a successful landlord. I like real estate. |
Re: 7 Steps To Getting Started In Property Investment by ShelterHomes(m): 11:18am On Sep 08, 2016 |
No investment on earth is so safe, so sure, so certain to enrich its owners as undeveloped realty. I always advise my friends to place their savings in realty near a growing city. There is no such savings bank anywhere |
Re: 7 Steps To Getting Started In Property Investment by ShelterHomes(m): 4:52am On Sep 11, 2016 |
The saying goes, “ When everyone starts buying, it is time to sell! When everyone starts selling, it is time to buy! ” And when everyone is waiting, it is time to take action or risk missing out on the great deals! |
Re: 7 Steps To Getting Started In Property Investment by ShelterHomes(m): 7:39am On Sep 17, 2016 |
We are not going to ask you for a kobo before inspecting our properties, we delight pleasure in meeting up with your demands as well as giving you the best. Our clients are assured of scam free transactions, as we keenly verify the genuineness of the products we promote. Every product we promote on this Forum is absolutely scam free! We buy into the visions of affiliate companies, whose products are being promoted, thus going along in providing shelter for the masses with most flexible payment ever. |
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