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  • Sonya Lee

Thinking about property investment ?

If you're interested in property investment, there are some things you should learn before you dive in.

Like any type of investment, research is essential and then research some more ! Here are some tips to help you get started:

* Learn the basics of real estate. There is so much valuable information available online these days, that there is no excuse no to dive in. You should know how to estimate the value of properties, calculate cash flow and return on investment, how to finance your deals, and how to manage your properties.

* Learn the market. You should research the area where you want to invest, particularly tge supply and demand of properties in that area. Rental rates and vacancy rates are a particular area that requires full investigation as having your investment sit empty and not having a rental return for your investment is extremely troubling. Also, will property in that area have the potential to appreciate.

* Learn the strategies. There are different ways to invest in property, such as buy and hold, fix and flip, rental, or commercial. You should learn the pros and cons of each strategy, and choose the one that suits your goals, budget, and risk tolerance.

* Learn from others. You should network with other investors, agents, lenders, contractors, and professionals who can help you with your property investment journey. Proper professional advice would be highly recommended to a first timer. Not only from a financial standpoint but also someone like a Buyer's Agent who can provide valuable information. You should also read books, blogs, podcasts, and courses to learn from the experts and avoid common mistakes. Several Podcasts we have listed to are:-

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