{"id":2010,"date":"2016-08-15T06:52:40","date_gmt":"2016-08-15T06:52:40","guid":{"rendered":"http:\/\/www.trc-gorod.ru\/?p=2010"},"modified":"2018-06-26T11:47:00","modified_gmt":"2018-06-26T01:47:00","slug":"beginning-investors-start-building-wealth","status":"publish","type":"post","link":"https:\/\/trc-gorod.ru\/beginning-investors-start-building-wealth\/","title":{"rendered":"Beginning Investors: How To Start Building Your Wealth"},"content":{"rendered":"
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Like anything worthwhile, it takes time to learn all of the intricacies of property investing, but we promise it is worth the effort.<\/p>\n
To keep things simple let\u2019s begin with a few premises:<\/p>\n
We\u2019re going to assume that:<\/p>\n
As we\u2019re sure you realise, if you don\u2019t have a good handle on your finances now it\u2019s going to be much more difficult to manage them when you add investment properties to the mix.<\/p>\n
So now that we\u2019re all on the same page, let\u2019s take a look at how you\u2019re going to begin to build your wealth.<\/p>\n
Learning anything new can be challenging, so it\u2019s best to start with something simple.<\/p>\n
The following strategies work well for both beginning and advanced property investors:<\/p>\n
One of the best ways to jump into the property market is to buy at a discount because you\u2019ll be cash flow positive…a must for beginning investors who are very often short on cash.<\/p>\n
The key to a successful discount strategy is good negotiation skills.<\/p>\n
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At TRC-Gorod, our property mentors are experienced negotiators who can show you all of the tricks and tips you need to achieve a successful discount purchase.<\/p>\n
We\u2019ve shown thousands of investors how to find properties that could potentially be purchased at a discount. We can show you too. Click here<\/a> to find out more.<\/p>\n Granny flat addition? Sure, that could improve your investment property\u2019s value. But you don\u2019t have to spend a fortune to add value. Sometimes it\u2019s something as simple as a good clean-up both inside and out or perhaps some new shades, taps and other minor improvements you can do yourself.<\/p>\n There are a number of ways to add value to your investment property but what\u2019s most important is that you figure out before doing improvements what it will cost and what financial return you can expect.<\/p>\n <\/p>\n Whatever you choose to do, it\u2019s smart to get expert opinion on your plans… just to see if they stack up. Our property mentors have hands-on experience from building up not only their own portfolios, but that of hundreds of our clients.<\/p>\n Learning anything new takes time of course, and we often make mistakes. While we learn from mistakes, they can be costly, so why not learn<\/a> from individuals who have walked the road you\u2019re on now?<\/p>\n A very common mistake I see new property investors fall for is the emotional purchase. They see a property and fall in love with it.<\/p>\n While there\u2019s nothing wrong with liking your investment property, the numbers should stack up first and foremost. \u00a0No amount of glamour makes up for the financial losses you could incur from a poor investment choice.<\/p>\n A diverse number of factors impact the property markets, but the one thing that drives them all is people.<\/p>\n It\u2019s people who choose to buy and sell, moving here and there, governments increase (or decrease) spending on infrastructure, people have children, businesses expand, etc.<\/p>\n Understand what drives the market, know the signs to watch (e.g. increasing population) and you\u2019ll have a good idea where you can find potential opportunities.<\/p>\n At TRC-Gorod we\u2019ve shown clients proven techniques designed to help safely push their property\u2019s growth just a bit more helping them reach their goals sooner than they might have believed.<\/p>\n <\/p>\n Get your investment portfolio off on the right foot. Do you know what entity you\u2019ll take title in? Do you know the pros and cons surrounding your choice?<\/p>\n Following are essentially four ways to take ownership:<\/p>\n2. Add-value<\/span><\/h2>\n
Common Mistakes to Avoid<\/span><\/h2>\n
1. Emotional purchases<\/span><\/h2>\n
2. Not understanding the market<\/span><\/h2>\n
3. Failing to structure properly<\/span><\/h2>\n
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