How come anytime you walk in to a book store and find your way to the business or financial books all the views that are expressed in the titles are very similar??? In one way or another they all call out for a monetary version of bloodshed. I mean think about the titles: "How you can crush the other guy"or "it's not personal its business", "How to come out on top" etc etc. When I got into the real estate investment game I spent hours trying to find the one book that would teach me how to become that REAL ESTATE INVESTING GOD I knew I could become. After reading most of the popular books at the time I actually would feel beat up over the content. I mean did I have to be a "take no prisoners" type of investor? Did I have to prey on some one else's misfortune?? The answer was no. So I set out to build a list of my own investment rules. I think we each should have our own set of investment rules. Doc's Rules for investing:
1) Set up personal guidelines: Define and follow your personal guidelines. This is the most important rule I have. My guidelines define the investments I will go after as well as the amount of investment I'm willing to part with to get it. It outlines my investment strategy as well as how I want to conduct my investment business. Things to include, but not limit you to, are: Top dollar amount and lowest dollar amount. Type of investment you want to deal with. Period of term for investment.. Etc etc. (Between you and me I even have a guideline about the amount of time I will work per-day)
2) Remember a family is behind the deal you're working on. Simply put,whoever you are dealing with has mouths to feed. Just because you can get a great deal on a house because the current owner is in a facing some sort of adversity that is causing them to sell below market value, DOES NOT give you license to kick them when they are down. Treat everyone with dignity and respect. If the price they are offering still falls within the personal investing guidelines you have set for yourself ,don't use your position to abuse the seller. If you?re getting the house for .40 cents on the dollar,don't be a jerk and push for .20 cents. Always remember...it could be you in the sellers postion. (This rule DOES NOT come in to play when dealing with a bank owned property)
3) Always ask for what you want. Why can't you ask for something in an investment deal you like, For example. You're looking at a piece of real estate,ask the seller if they would be willing to throw in new carpet to the sale. I met a investor who was looking at a house that had been on the market for several months. When he went to talk to the seller he happen to see a 1954 Merc Coupe in the garage, so he asked if it was included in the deal. The deal eventually closed for the house AND the car. 4) Make bird dogs. I always give several of my business cards to anyone I do business with and offer them a portion of any profit I make from any investments they help me locate. You would be amazed at how many people will help you make money when they get a small part of it. (And if you follow rule #2 you will be amazed at how many of those bird dogs will sing your praises from the highest mountains)
The above is just some ideas of things to keep in mind when you're working on your investment mindset. These rules have worked well for me over the years,and in more cases then not, have gotten me more return and repeat networking opportunities then I can count.
Montag, 3. März 2014
Many Factors To Consider Which Property To Invest For Better Returns And Rental Yields
We now have recognized several marketplaces to look at with this quarter and also have made a few recommendations which ones you need to have a rain check up on.
In Q2 2011 we still remain optimistic about the London property market with mortgage financing becoming more competitive. Although interest rates are likely to increase in the second half of the year, there is still a huge under supply of real estate in London and overseas investors are now accounting for 48% of all prime central London property. Rents are at an all time high and supply levels are at and all time low, so it still makes for a very interesting market to buy in over the coming months.
Moving on to the US, we remain very confident about the New York and Jersey City market. Capital values in Jersey City are still 50% below their peak in January 2007. In Jersey City, just across the water from Manhattan, property is trading in the region of 25 - 30% of New York prices, with very strong rental yields, great transport infrastructure giving speedy access to Wall Street and downtown Manhattan. We have had lots of interest from our clients into Jersey City with properties selling faster than in Manhattan, inventory levels continually low and high yields of 6%.
Closer to home in Asia, we are still very confident about the Kuala Lumpur market as the government continues to implement economic stimulus packages, and forecasts capital value growth rates of between 7 to 10% this year. The Malaysian property market is also benefiting from a somewhat 'lack of regulation' compared to Singapore, Hong Kong and China.
Heading to Europe, the volume of sales to foreigners was up 40% in 2010 in Turkey. There has also been massive growth in the construction sector and the property market in Turkey has rebounded significantly compared to the rest of Europe. Property prices are set to increase with over 400,000 people immigrating to Istanbul every year which has created a housing shortage of 250,000 per annum. Turkey has the fastest growing economy in Europe, a trend that is likely to continue after Istanbul won European City of Culture in 2010, which is expected to attract significant inward investment over the coming months.
The rules certainly slowed down in the Singapore market considerably within the first quarter of the season. GDP has slowed down from incredible development in 2010 and designers are actually delivering substantially less residential projects. We're still very favourable about the Singapore economy and that we are searching for value in real estate market however in the economic sector as opposed to the residential. Industrial property is capable of doing achieving high rental yields of four to sixPercent with the price of borrowing low just 1% which makes it an extremely attractive investment market. We feel the Singapore industrial property sector to become among the key marketplaces to look at this quarter.
Further afield, Australia gets trouble getting a 30 plus year high for currency, interest and inflation which with one another are challenging purchasing property. Consequently we are starting to determine a little correction available on the market as property becomes quite pricey to maintain because of the cost of funding. Consequently we're feeling we'll possess a significant sluggish partner of year australia wide.
Throughout the rest of the several weeks of the quarter we'd advise searching for investment possibilities working in london, New You are able to and Malaysia although keeping track of the rising property marketplaces of Poultry and Singapore's industrial sector. For that reasons mentioned earlier, we advise to prevent the Australian property market throughout this quarter.
Take One Shenton, for example. Within close closeness for the Marina Bay Integrated Resort, Singapore Business Financial Center, Raffles MRT station and recommended 'Landmark' MRT station, One Shenton is positioned being the middle where everything happens.
In Q2 2011 we still remain optimistic about the London property market with mortgage financing becoming more competitive. Although interest rates are likely to increase in the second half of the year, there is still a huge under supply of real estate in London and overseas investors are now accounting for 48% of all prime central London property. Rents are at an all time high and supply levels are at and all time low, so it still makes for a very interesting market to buy in over the coming months.
Moving on to the US, we remain very confident about the New York and Jersey City market. Capital values in Jersey City are still 50% below their peak in January 2007. In Jersey City, just across the water from Manhattan, property is trading in the region of 25 - 30% of New York prices, with very strong rental yields, great transport infrastructure giving speedy access to Wall Street and downtown Manhattan. We have had lots of interest from our clients into Jersey City with properties selling faster than in Manhattan, inventory levels continually low and high yields of 6%.
Closer to home in Asia, we are still very confident about the Kuala Lumpur market as the government continues to implement economic stimulus packages, and forecasts capital value growth rates of between 7 to 10% this year. The Malaysian property market is also benefiting from a somewhat 'lack of regulation' compared to Singapore, Hong Kong and China.
Heading to Europe, the volume of sales to foreigners was up 40% in 2010 in Turkey. There has also been massive growth in the construction sector and the property market in Turkey has rebounded significantly compared to the rest of Europe. Property prices are set to increase with over 400,000 people immigrating to Istanbul every year which has created a housing shortage of 250,000 per annum. Turkey has the fastest growing economy in Europe, a trend that is likely to continue after Istanbul won European City of Culture in 2010, which is expected to attract significant inward investment over the coming months.
The rules certainly slowed down in the Singapore market considerably within the first quarter of the season. GDP has slowed down from incredible development in 2010 and designers are actually delivering substantially less residential projects. We're still very favourable about the Singapore economy and that we are searching for value in real estate market however in the economic sector as opposed to the residential. Industrial property is capable of doing achieving high rental yields of four to sixPercent with the price of borrowing low just 1% which makes it an extremely attractive investment market. We feel the Singapore industrial property sector to become among the key marketplaces to look at this quarter.
Further afield, Australia gets trouble getting a 30 plus year high for currency, interest and inflation which with one another are challenging purchasing property. Consequently we are starting to determine a little correction available on the market as property becomes quite pricey to maintain because of the cost of funding. Consequently we're feeling we'll possess a significant sluggish partner of year australia wide.
Throughout the rest of the several weeks of the quarter we'd advise searching for investment possibilities working in london, New You are able to and Malaysia although keeping track of the rising property marketplaces of Poultry and Singapore's industrial sector. For that reasons mentioned earlier, we advise to prevent the Australian property market throughout this quarter.
Take One Shenton, for example. Within close closeness for the Marina Bay Integrated Resort, Singapore Business Financial Center, Raffles MRT station and recommended 'Landmark' MRT station, One Shenton is positioned being the middle where everything happens.
Abonnieren
Posts (Atom)