Property Investment Strategy, tricks n magic
Property Investment Strategy, tricks n magic
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Dec 26 2016, 01:42 PM
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1,018 posts Joined: May 2011 |
Would've done better just holding on to them for longer. Seems like a lot of trouble to me, this strategy is like trading stocks. Except there are many other transaction costs to go through and not worth the hassle. I bought my first prop at 24, 2nd at 25....just sold first one 6 months ago after holding for 6 years for gain of about 70% ROI not including any rental returns. 2nd one still holding since rental is good and area has potential. Are you completely in the property game? If so, then your strategy is good but try to diversify a bit...property is not always up as you can see these days. They say 'diversifying is for ppl who don't know what they're doing' which is true to an extent....so its best to be good at at least 2 investment vehicles. Commodities? Stocks? Whichever you're more comfortable with. I stick to property as my medium/long term investments (5y holding period at least), commodities also medium/long term (physical silver bars, gold trading long term strategy) and 3-4 European/American stocks on my watchlist. I feel putting everything into property is heading for a big problem sometime in the future, you never know when property is no longer a viable option. Especially with how developers are just building building building all over any free space, since the governments are getting a nice commission out of everything they dont give a damn about oversupply. |
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