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7 Things To Do Before Investing In Properties - Investment - Nairaland

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7 Things To Do Before Investing In Properties by jejeproperty(m): 7:54am On Aug 29, 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?

Be part of the investment and make your future brighter.

Other Estates Available
Commercial plots available upon request.
#What are you waiting for, come and seal the

deal. (Affordable and negotiable)

For more enquiries/free site inspection, please

contact:
+2348063337234 (Call/Watsapp) 08063337234
or
08115078654
Facebook: www.facebook.com/jejeproperty4real/
BB Pin: 2ACC5113
Email: jejeproperty@gmail.com or

jejeabiodun@yahoo.com
BLOG: http://jejeproperty..com
Instagram @jejeproperty

Reaching out to Individuals, Families, Corporative, Club Associations, Corporate Organizations

1 Like

Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 5:47pm On Aug 29, 2016
Time wait for nobody
Re: 7 Things To Do Before Investing In Properties by jejeabiodun(m): 7:13pm On Aug 29, 2016
Time to sow and time to reap
Re: 7 Things To Do Before Investing In Properties by jejeabiodun(m): 7:52pm On Aug 29, 2016
Invest now and relax in future.

Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 9:07pm On Aug 29, 2016
Your best investment opportunity won’t fit into a safety deposit box, but you can live in it
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 7:23am On Aug 30, 2016
If you have the opportunity to suggest a real estate agent to anyone, think of me
Re: 7 Things To Do Before Investing In Properties by jejeabiodun(m): 7:52pm On Aug 30, 2016
Every person who invests in well-selected real estate (today) in a growing section of a prosperous community, adopts the surest and method of becoming independent, for real estate is the basis of wealth
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 6:08am On Aug 31, 2016
Helping you find the property of your dreams
Re: 7 Things To Do Before Investing In Properties by jejeabiodun(m): 12:25pm On Aug 31, 2016
Happy family happy home
Re: 7 Things To Do Before Investing In Properties by jejeabiodun(m): 1:56pm On Aug 31, 2016
Happy home
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 1:05pm On Sep 03, 2016
safe
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 4:11pm On Sep 03, 2016
better home for happy family
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 9:30pm On Sep 03, 2016
Reciept ,letter of allocation and deed of assignment
Re: 7 Things To Do Before Investing In Properties by Nobody: 7:48am On Sep 04, 2016
urgent buyer for two plots of land measuring 648msq. at treasure parks and gardens (golf & estate)phase 1 ext.,shimawa,behind redemption camp,off lagos-ibadan express road.currently been sold at 4,000,000 per plot by adron homes properties and estimated to sell for 6,000,000 before year end.each plot is going for a discounted rate of 3M per plot for any interested person.title doc available are,a duly executed purchase receipt,deed of contract,deed of lease/deed of assignment,survey plan,letter of plot allocation,land covered with global certificate of occupancy.price negotiable!
HURRY call/whatsapp 08034637732
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 9:07am On Sep 04, 2016
unique and elegant abode
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 10:01am On Sep 04, 2016
happy sabbath day
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 10:54am On Sep 04, 2016
happy sabbath day........
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 5:24pm On Sep 04, 2016
home
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 7:13pm On Sep 04, 2016
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 10:12pm On Sep 04, 2016
invest in your future
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 6:27am On Sep 05, 2016
needs to be seen to be appreciated
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 4:36pm On Sep 05, 2016
Buy on the fringe and wait. Buy land near a growing city! Buy real estate when other people want to sell. Hold what you buy
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 8:02pm On Sep 05, 2016
Land monopoly is not only monopoly, but it is by far the greatest of monopolies; it is a perpetual monopoly, and it is the mother of all other forms of monopoly.
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 11:50am On Sep 06, 2016
What we call real estate – the solid ground to build a house on – is the broad foundation on which nearly all the guilt of this world rests
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 6:44pm On Sep 06, 2016
It's true we don't know what we've got until its gone, but we don't know what we've been missing until it arrives...
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 7:05pm On Sep 06, 2016
LAND AT MAGODO
Price- -N40M
Location- Phase 2, Down Emmanuel keshi. Buy Now and see how fast your investment will appreciate .trust me u will buy now and thank me later .
Size- 640sqm
Title- Gov. Consent
Installment Plan Allowed
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 9:07pm On Sep 06, 2016
sweet home and future plan
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 6:14am On Sep 07, 2016
jejeproperty:
sweet home and future plan
..............................
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 8:34pm On Sep 07, 2016
Preparing yourself for better investment
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 9:54pm On Sep 07, 2016
Be part of the investment and make your future

brighter.

Other Estates Available
Commercial plots available upon request.
#What are you waiting for, come and seal the

deal. (Affordable and negotiable)

For more enquiries/free site inspection, please

contact:
+2348063337234 (Call/Watsapp) 08063337234
or
08115078654
Facebook: www.facebook.com/jejeproperty4real/
BB Pin: 2ACC5113
Email: jejeproperty@gmail.com or

jejeabiodun@yahoo.com
BLOG: jejeproperty..com
Instagram @jejeproperty
Reaching out to Individuals, Families,

Corporative, Club Associations, Corporate
Re: 7 Things To Do Before Investing In Properties by jejeproperty(m): 6:25am On Sep 08, 2016
LAND AT MAGODO
Price- -N40M (affordable and negotiable)
Location- Phase 2, Down Emmanuel keshi. Buy Now and see how fast your investment will appreciate .trust me u will buy now and thank me later .
Size- 640sqm
Title- Gov. Consent
Installment Plan Allowed

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