Real Estate Information


5 Hot Tips for Successful Real Estate Investment


The last downturn of the global stock market saw millions of 'every day' investors having their fingers badly burned. Overnight life savings were eaten away, retirement funds went into decline and the economic forecast for all of us who had any money invested in stocks and shares was gloomy to say the very least.

As a direct result investors in their thousands turned their backs on the rollercoaster stock markets and sought alternative asset classes in which to invest their hard earned money. This has led to a global boom in real estate markets and property prices, and it has spawned a generation of budding real estate investors.

For those of you wondering whether it's too late to venture into real estate investing or considering how best to make the most significant returns from property investment, here are 5 hot tips for successful real estate investment to set you on the path to potential profits!

1) Consider Investment Property Abroad

There are many relatively untapped property markets in countries around the world that offer the real estate investor greater return on investment in the form of rental yields or short to medium term capital growth.

While major markets in the USA, UK, Australia and Europe are slowing down, there are emerging property markets globally that are hungry for investment and are proving to be highly profitable.

For example, in 2007 a number of countries are already aligned for accession into the European Union and as a result property markets in these countries are likely to benefit from greater numbers of visitors, more trade, increased investment into infrastructure and more stable economies. The likes of Hungary, Slovakia, Bulgaria, Croatia, Turkey and even Northern Cyprus are just a few examples of overseas destinations with emerging real estate markets that may be worthy of your consideration.

2) Make Sure Your Plans Are Profitable

This sounds ridiculously simple right? Well, you'd be surprised how few people actually make sure their plans are actually sustainable and as profitable as they hope.

Examine any real estate market that you're about to enter by firstly comparing property values across the city, state or region and making sure you know what your money will buy you. Then ensure that the rental yield you intend to obtain from your property is actually realistic or that the asking price you intend to set once you've renovated the property will be offered.

3) Never Assume Anything

This goes from assuming a house is structurally sound to accepting that tax laws won't change - from believing your tenants when they tell you that they are house proud and honest to accepting the first builder's quotation!

Do your due diligence on every single aspect of the process from ensuring the asking price for a property is fair to checking your tax returns before your accountant submits them for you. This is your investment, your future, your potential profit and therefore it is ultimately your responsibility.

4) Employ An Expert When In Doubt

Few people are a master of all trades therefore be prepared to acknowledge areas where you are far from being an expert and at least consider courting a second opinion. Again, this goes from checking out the structural soundness of a property to understanding the legal ramifications of letting out your property. If in doubt always double check - and if this means you have to call in an expert, make sure you call in an expert!

5) Set A Realistic Budget And Stick To It

Whether you're purchasing property to let out or buying real estate to renovate you need to sit down and add up every single area of projected expenditure to enable you to set a realistic budget with which to work.

Make sure you add in everything from having searches and surveys conducted, legal fees, accountancy fees, insurance costs, likely interest payments on any finance required, taxation, connection of utilities, marketing for tenants or buyers, real estate agency fees, and of course don't forget to add on the cost of the property and the price of any renovation and refurnishing and decorating work required.

Spend time considering every single area where a cost will be incurred and detail every likely payment that will have to be made and you will arm yourself with a bullet proof budget and do all you can to ensure you encounter no nasty surprises along the way.

Rhiannon Williamson is an offshore investment, overseas living and international property expert and publisher of http://www.shelteroffshore.com/.

For investment property abroad news and property buying guides, visit http://www.ShelterOffshore.com


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Forbes

11 Real Estate Pros Share The Technology Shifts That Have Changed The Way They Work
Forbes
Technological developments in the last 10 to 20 years have impacted the business world in many ways, significantly altering the way nearly every industry operates. Even real estate has enjoyed numerous game-changing technologies, from online listing ...

and more »


Forbes

10 Years After Airbnb, Real Estate Developers See The Money In Home-sharing
Forbes
Airbnb and short-term rental models have flipped the hospitality industry on its head. Since the launch of the Airbnb platform back in 2008, more than 5 million “hosts” have hopped on the bandwagon, helping the company rake in a jaw-dropping $2.7 ...



Forbes

Real Estate Agents Answer: What's The One Thing You Wish Sellers Knew?
Forbes
We've already had agents answer what they wish buyers knew about going into the home buying process. Now, it's time to turn the tables. We asked some of the industry's top agents to come clean about what they wished sellers knew before selling their ...



GlobeSt.com

Why Real Estate Activity Will Inevitably Slow
GlobeSt.com
It is normal at this stage of the cycle to wonder about when it will end and how. Everyone from economist groups to industry experts have their educated opinions to offer. So little wonder this was a topic of conversation and debate at the Urban Land ...



CT Post

10 Real Estate 'Deal Breakers' That May Actually Be Deals in Disguise
CT Post
Most home buyers have in their minds a list of "deal breakers"—specific real estate features that they absolutely won't put up with in any property they purchase. But guess what? Your deal breakers might actually be deal makers in disguise.

and more »


Real Estate AUM rises 11.48%
Pensions & Investments (blog)
Total worldwide real estate assets under management rose to $1.48 trillion as of June 30, 2018, up 11.48% from $1.32 trillion reported a year earlier, according to Pensions & Investments' annual survey of real estate managers. Based on Pensions ...



Delta Farm Press

Average US farm real estate value remains near 2015 historic high
Delta Farm Press
After a long period of appreciation following the farm crisis of the 1980s, farm real estate values have leveled off in recent years. USDA-ERS research indicates that, in general, the substantial growth in farm real estate values since 2000 was ...



ActionNewsJax.com

K9s for Warriors partners with real estate, development groups to gift local veteran brand-new home
ActionNewsJax.com
A local veteran has a brand-new home thanks to K9s for Warriors, a local real estate company and a development company. Action News Jax Courtney Cole was there for the emotional reveal and explains how this home will change the veteran's life.

and more »


Real Estate And The Business Cycle - The Perfect (Selling) Storm
Seeking Alpha
Real estate investment trusts (REITs) are thought to be sensitive instruments This sensitivity stems from the fact that REITs are high-yield instruments, in that most of their total return stems from dividends rather than price appreciation. Dividends ...



Tampa Bay Times

They've met 475 Tuesdays in a row to help real estate pros rebound from the housing crash
Tampa Bay Times
TAMPA — A decade ago this fall, the U.S. economy was in crisis. The investment firm Lehman Brothers collapsed in the biggest bankruptcy in U.S. history. Major banks were about to fail. The stock market plunged. And in Florida, "real estate stopped ...


Google News

home | site map
© 2007