Experienced Investors Strategy -

Here are some of the things you need to take into consideration when deciding -

What are your property investment goals?

If you are looking for a short term capital gain, than trading at auction or a property development project will be more suitable for you.

How much time do you have?

This is a big one. if you are running your property business along side a day job, you shall probably not have time to project manage a large renovation project for example. If you are time poor but cash-rich than consider join venturing with someone who has time and property skills.

What is you attitude to risk?

If you like the idea of property but do not like the idea of high-risk-investments, than a portfolio of flats and houses in areas of high employment may suit you better.

What is your location?

Although many investors operate in areas remote to their base, it is highly recommended to concentrate on a specific local area that suits your property investment strategy.

What type of person you are?

Are you a people person? Do you like meeting people and talking to them on phone? If so than you may like sourcing properties from state agents. If you are more introverted , than you may prefer to source leads and team up with someone who is more extrovert who would then negotiate the deals.

What skills do you have already?

It makes good sense to play to them and transfer them to you property activities. do you have IT skills for example? Would you be able to develop websites and online marketing campaign to source motivated sellers?
Do you have sale or negotiation skills? Could you use these to negotiate deals with motivated sellers or state agents.

Choice of investment property strategy can also be heavily influenced by the prevailing property market.

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