1.Location is everything
How many times have you heard it said that location is the best , if not only consideration when you are about to make a property purchase. For the person who wants to buy a family home this could be true , from ease of aces to schools , amenities , to time spent commuting to and from work . But for the company or person wanting to turn profit on their investment , its in fact the place that gives you highest return on investment , that is the best deal , be it resale , return on capital , rental income, its simply not a fact that location is the best directive to follow when shopping for properties.
2. Fixer uppers are the way to go.
False. Fixer uppers are certainly a main stay for tycoons and beginners alike , but prior to inception to such a project , do your homework , when you get into the process , without doing the footwork there is no telling what sort of complications await you along the road to resale.
3.Property is a sure asset.
Myth….let me ask this question , does your car count as a asset or a liability ? well you’ll say its a liability , but what if you rented your car pout , and it actually put money in your pocket , is it still a liability ? same can be said for children right , with education and health care , we can pray and hope that one day they will be educated and contributing to a culture of upliftment economically . but your home , unless your asset is growing faster that your investment capital can be a liability , it depends on what your negotiated interest rate and return is.
4.” Pooling fund are b#$@@it.
False , its been proven in africa and with huge success in the soviet union , as in asia , that consortiums , can aquire large building , develope the land or renovate the structure , and have a multi layered return on pooled funds return. Point in case is the dramatic buy ups from Aquire property investment group in Singapore , headed my Yang Po.
5.”Its best to wait the full term for your bond .
False , its been shown , by economist and real estate agents that the extra 20 percent repayment actually accrues more returns , because you settle the outstanding interest at an accelerated rate. It’s at that point that you turn from bond slave to property investor.
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There you have 5 facts to arm you with informed decisions.