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Property investing may not be for you
This is why
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This is why
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I used to believe
Everybody owns property
Property is the easiest way to invest
Property is a sure bet - the value always goes up
Property income is passive and will make you rich
Everybody owns property
Property is the easiest way to invest
Property is a sure bet - the value always goes up
Property income is passive and will make you rich
Now I think
Property is expensive
Property ties you down
Property requires maintenance
Owning property requires a lot of admin
Rental properties are far from passive income
Property returns are dependent on many variables
Property is expensive
Property ties you down
Property requires maintenance
Owning property requires a lot of admin
Rental properties are far from passive income
Property returns are dependent on many variables
I've owned 5 properties
I have built and sold twice
I have bought and renovated twice
I have bought lived and rented out once
None of these delivered any significant wealth
My stocks made more money than all the property
I have built and sold twice
I have bought and renovated twice
I have bought lived and rented out once
None of these delivered any significant wealth
My stocks made more money than all the property
Debt
The most I got was debt
Property kept me in debt for 25 years
There was always a bigger house to buy
The bigger the house the bigger the access bond
The bigger the access bond the more access to debt
The most I got was debt
Property kept me in debt for 25 years
There was always a bigger house to buy
The bigger the house the bigger the access bond
The bigger the access bond the more access to debt
Property investing is not easy
Property returns don't just happen
Don't think that by owning property you will be rich
Just because property value increases is not enough
Property returns don't just happen
Don't think that by owning property you will be rich
Just because property value increases is not enough
As long as owning a property is an emotional decision
You are not investing in property
You are owning property
There's a difference
You are not investing in property
You are owning property
There's a difference
Property is like any other investment
Understand the risk
Understand the market
Understand the liquidity
Understand the tax implications
Understand the right entry and exit points
Understand how your return will be generated
Don't invest in something you don't understand
Understand the risk
Understand the market
Understand the liquidity
Understand the tax implications
Understand the right entry and exit points
Understand how your return will be generated
Don't invest in something you don't understand
There are other options
Real Estate Investment Trust or REIT company shares
Fractional property investments - Easyproperties
Property ETFs
You don't have to own property to be invested in property
Real Estate Investment Trust or REIT company shares
Fractional property investments - Easyproperties
Property ETFs
You don't have to own property to be invested in property
Think carefully before you commit to that purchase
Be clear about why you are buying the property
Be realistic about your expectations
Understand the full cost
There are many options for investments - choose the right one for you
http://www.wealthyhealthylife.co.za/blog/learn-to-understand-investments/
Be clear about why you are buying the property
Be realistic about your expectations
Understand the full cost
There are many options for investments - choose the right one for you
http://www.wealthyhealthylife.co.za/blog/learn-to-understand-investments/
