Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,151,306 members, 7,811,915 topics. Date: Sunday, 28 April 2024 at 11:25 PM |
Nairaland Forum / Nairaland / General / Investment / 7 Things To Do Before Investing In Properties (11820 Views)
How You Can Start Investing As A Student Or Young Adult / 5 Things To Consider Before Investing Fund In A Business / 4 Questions To Ask Before Investing In Real Estate In 2016. (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply) (Go Down)
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:.............................. |
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 |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply)
How To Start A Pure Water Business / Facebook Community Leadership Program: Nigeria To Benefit From $10m Investment / WAKANDA . NG IS SCAM. THEY DON'T PAY.
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 24 |