5 ways to become Property millionaire

in #property7 years ago (edited)
  1. Aim to target flats over houses
    People who invest their money into flats have a better chance to make a better return. The reason for this is because flats have a larger target audience.
  2. Do not put all your eggs in one basket
    A diverse property portfolio is more likely to enhance financial upheaval than someone relying on a single property.
  3. Location
    Aim to purchase a property in an area close to a shopping centre or a train station as that could increase the resale value and also enable to charge higher rent.
  4. Students
    Purchase property close to universities. Purchasing properties close to universities can allow a regular income as there are always going to be tenants paying rent.
  5. Be Patient
    property is a long term game and if you are planning to make a profit make sure you never put yourself in a position where forced to sell it.
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