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Under 30? The Housing Ladder Isn’t Out Of Reach

Just because you may be a ‘millennial’ doesn’t mean your sole preoccupation is where you can get your next hit of avocado on sourdough toast. You are much more than this. You want a home to call your own as you’ve done the whole rental thing and you’re ready to move on and put down roots.

Seeing your hard earned cash lining the pockets of your landlord each month is becoming harder and harder to bear as you struggle to save up for a deposit for your own pad.

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However, all is not lost. Just because you are under thirty doesn’t mean you are incapable of securing your own home. Take a look at how you can ensure the housing ladder is not out of your reach.

Improve Your Credit Rating

It doesn’t matter if you have a bumper-sized deposit for a home purchase sitting in your bank patiently waiting to be utilized, if you haven’t got a good enough credit rating no home loan lender will see you as a responsible enough borrower.

You need to go about enhancing your credit rating. Although it may sound counter-intuitive, by taking on more debt, showing that you have not overstretched yourself and that you can pay any money back in a timely manner can boost your financial credentials.

Sites like https://personalloan.co provide impartial guides to the personal loan applying process. By taking out something short-term and repaying it quickly, you can be a safer bet for home loan lenders.

Budget

As you near home purchase time, it’s vital that you budget carefully as home loan lenders will want to see evidence of your spending habits. You don’t need to cancel your gym membership, simply make sure that you don’t head into your overdraft each month.

You need to be comfortable living within your means otherwise a mortgage lender may deem you a risk. If you struggle with your finances, budget using a template available at https://templates.office.com/ and record all of your income and expenditure. This way you can save money by curbing the needless frivolous spending.

Don’t Overstretch Yourself

While you might want the three-bed coastal condo, it might not be the ideal first-time purchase and could be way out of your price league. Stay modest for your first step onto the housing ladder.

A one bed flat will suffice especially if you can add money and outperform the market. Don’t be seduced by the decor and think about how you can enhance a property as you go on viewings with real estate agents. Keep well within your means and feel safe in the knowledge that you will easily be able to make your monthly mortgage repayments.

The tag of ‘millennial’ shouldn’t be an instant dismissal of a secure financial future. While wage to property price ratios are ever-widening, you can still prove yourself to be a responsible (if young) potential homeowner. Do all that you can to find your feet on the housing ladder and secure your financial future.

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Should You Really Invest in Property?

In some ways the very opposite of making money online would be to invest in bricks and mortar, and start a property development business, however, when you compare the two methods of making money there are some huge similarities, as in both cases, people are building assets they then leverage to create passive income.

In the case of the property developer, they are doing this by renting out their property whilst the blogger for instance, is renting out space on their website… in both cases, they are leveraging an asset to create income rather than trading their time for money in the linear way most employees do.construction-process

The best way to make money, of course, is to invest.  A lot of people today are looking into cryptocurrency and concepts such as IHT Coin, which is relevant to real estate, yet an equal amount of people are a little timid about the prospect of all these “new” ways of making money and prefer something more traditional such as investing in property.

This article offers some give some general guidance for people thinking of dipping their toe into the idea of buying an investment property.  It’ll help you think about where to find a property, what to buy, and who to rent it out to.

WHERE TO BUY

Many amateur property investors choose to head to an auction, thinking this might be the best place to grab a deal, and in some ways they are right – however, one must thoroughly look into the reason the property is being sold at auction rather than by a real estate agent.

It can be as simple and innocent as the bank that has foreclosed on the house has a policy to sell at a specific auction, and in these instances, that’s fine… but just be aware that some houses might be going through auction as the owner knows you won’t be able to do a full inspection of the property.

Furthermore, it can be very easy to get caught up in the psychology of the situation at an auction, where your bids can well exceed your budget for a particularly property as the bids almost hypnotically spiral upwards.

WHAT TO BUY

There are several factors to consider that will require significant research; such as crime rate, the quality and proximity of local schools, transport links, and social amenities.  

If you are able to get your hands on some insider insight, such as from the local council, to understand what the next five years will bring to the area that would be helpful; for instance you would want to find out if a new sewage treatment was opening up in a few years time.  The point is, to do your homework, as whilst it might feel onerous and perhaps even costly, it will definitely pay off in the long run.

On this point, you might want to consider purchasing in an area that you are already acquainted with rather than going in blind.

WHO TO RENT TO

The next question is why to rent to, and within this, there are three core markets: students, professionals and those on government benefits.

Now, the wonderful thing about students is that their parents will often act as guarantor and are often willing to pay up front for a whole semester, or even academic year, which means this can be a very financially reliable way forward.

That said, the downside, is that students can be messy, disrespectful and noisy to the point they could disrupt neighbours and not always look after your property very well.

 For this reason, if you are buying a property with a view to renting it out to students – you’ll want to essentially buy a basic shell of a property that is fitted with relatively cheap carpet and furnishings that are all easy to replace.

The pros of professionals are that they are the most likely genre of people to keep the house tidy, conform to the rules, and pay their rent on time.  That said, there are plenty of professional people that end up falling behind with rent, and interestingly enough a large portion of eviction action, in court, is pursued against professional people.
Whilst there are some social disadvantages to consider in terms of the reputation and stigma of this demographic, there are plenty of people in receipt of government benefits that will take good care of your property.  

The main advantage when renting to someone on benefits is that you can set it up so the government pay you directly, meaning you are getting a reliable check in the mail from the government. This, therefore, makes renting out your property to people on benefits a surprisingly attractive and reliable option.

What Really Goes Into A Property Development Business?

If you have an eye for investment, the housing market, and making a property as appealing as possible, you may want to find a career capitalizing on those skills. Property development is more than just building and it’s more than just buying and selling property.

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It’s the step-by-step process of finding, improving, and selling properties for a profit and it can be a hugely lucrative business in the right market. But what goes into getting such a business off the ground? What are the skills you need, the partners you need, and the processes you have to go through?

The funding

Property development is all about making investments pay off. As expensive as property is, of course, you’re not necessarily going to have all the cash you need to get started on hand.

All throughout your career, in fact, you’re likely going to have to keep finding and tapping sources of funding.to avoid eating the brunt of costs yourself. Property development loans don’t work like new build loans, either.

You don’t get the lump sum of cash all in one go, but rather it tends to be split into different stages, each stage representing a stage of development. For that reason, experience in creating and working to budgets on developments in the past could be crucial.

The strategy

Not all property development business work exactly the same, either. You might have a wildly different profit model from another business in the same market, for instance. In plain terms, your profit model might be based strictly on the purchase, development, and sale of land and property.

Or, depending on what your local market is like, it might be based on buy-to-let or build-to-let properties. You need to figure out your market, which of your options is going to be most profitable, or if perhaps you need to mix both strategies to some degree and come up with the appropriate business plan.

There are templates available to help you craft it, essential as it is. If you don’t have the path to profit laid ahead of you, it is going to be all the harder to find it.

The speciality

Most property developers specialize in some kind of property or some kind of investment opportunity. The most common kind is those who buy, renovate, and sell resident homes to the private market.

But you might focus on acquiring land and building new properties or developing properties for commercial entities instead. Finding a niche is valuable because it gives you a specific market to focus on. Properties have to be developed not by any one rule-book but catered to the specific buyer or tenant.

Learning what their priorities will be can allow you to focus your budget more specifically on what is most important about the property for them, not just a scattershot approach to increasing the value of a property.

The location

There’s one rule in property development that you have to learn above all else: you don’t make your money when you sell a property, you make it when you buy it. For that reason, opportunism is one of the key factors in a successful property development business.

Finding those opportunities for profit is all about location, first and foremost. You need to get to know different areas, look for the signs of neighborhoods that are on the rise, changes in demographics, whether a city or area is more rent-friendly or more profitable for buying and selling, and so on. Pay attention to rent price, to recent sales, and to signs of development in an area such as new services and businesses opening there.

The timing

Opportunity is all about timing, as well. The housing market has its ups-and-downs not just in the grand scheme of things but from year to year. To profit as much as possible, you need to buy when prices are cheap, then develop and hold onto properties until prices are high again.

Finding the ideal time to buy and sell might not always depend on seasonal shifts, either, but on market dynamics. It’s a good idea, once you’re up and running, to sell property before you buy, so you don’t always have to rely on bridging loans that can impose some restrictions on your overall budget.

The connections

As a property developer, your expertise is going to be in finding the best possible opportunities for property development. You are likely not going to be a contractor or renovator yourself, so you need to build connections within those industries to make the actual development side as painless and cost-effective as possible.

This includes builders, utility fitters, painters, renovators, architects, and companies that rent out equipment like diggers and tip trucks. Fostering connections within these industries is crucial. The better your relationship, the longer you’ve worked with them, the more likely you are to benefit from better deals.

Beyond just searching for these services like a consumer would, take the opportunity to network within trade shows that tend to act as a shared space for many of these services.

The marketing

The property market isn’t the only one you need to concern yourself with. You need to focus on building a brand as a property developer to the market of consumers, as well. This includes learning to market the properties you develop and doing so without the assistance of realtors can reduce your overall costs.

But property developers can also extend their services to others, such as landlords or property owners who want to increase the value of their own property. If you offer your development services to others, then you have a strong brand.

This includes having the right digital brand, but it also includes having show homes created in conjunction with interior designers and stylists to give an idea of the final product you offer.

If you don’t have any experience either in renovations, property investment, or construction, then it’s probably a good idea to get some. You need to know the market and what’s involved before you try to make a career profiting from it.

 

How To Invest In Real Estate With Less Than $100,000

Forget about your cryptocurrencies and stocks, real estate is still the best investment opportunity out there. The main issue with it is that large portions of the populations feel as though they’re sectioned off from it.

This is because investing in real estate demands that you have a lot of money. People are pumping hundreds of thousands of dollars into different properties – it’s not something you can get involved in if you aren’t a high earner.

At least, that’s what most people think. However, as you will see in this article, you can invest in real estate with less than $100,000.

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Put A Deposit On A Mortgage

If you have less than $100,000 ready to invest, then you probably can’t buy a house outright. But, what you can do is use your money to put a deposit down on a mortgage.

This will give you access to money that you can use to buy a house. From here, you have many options at your disposal. You can either rent the property out and collect monthly income, or you can try flipping the property to earn a profit on what you paid.

Naturally, you still have to pay off your mortgage, so remember that when you flip your property to ensure you make enough to cover that. With monthly rent, you can use tenant payments to pay off your mortgage bit by bit until it’s gone. Either way, you’re the proud owner of a property, and you invested less than $100,000.

Invest In A REIT

So many people are unaware of REITs. For those that don’t know, this stands for real estate investment trust. It’s this idea that you invest your money in the trust, and gain access to income-producing real estate.

You’ve basically bought shares in the real estate that the REIT owns, get it? As this Rich Uncles review shows, you can start investing in REITs with as little as $500. Obviously, the more you invest, the more shares you own, meaning the more money you get back.

With a REIT, you could have money in various different properties all generating a monthly income. It’s one of the most affordable ways to make money from the real estate market.

Buy Some Land

When you think of real estate, you think of houses and other buildings. But, land comes under the same category too. What’s more, the land is considerably cheaper than buying properties.

Especially if you’re buying farmland, which is cheap and presents many opportunities for you. Now, you can easily get your hands on over 10 acres for under $100,000 – I think the most expensive farmland is around $6,000 per acre, and the cheapest is about $1,000 per acre.

With this much land, you can start a farm and make money from it. Or, you can sell the land on to other people when it improves in value. Or, my favorite idea, you can contact wind energy providers and tell them they can install a wind turbine on your land. They’ll pay you for this, and you’ll keep getting regular income from it. A smart way to invest in real estate if you want to stay away from properties.

There you go; three ways you can invest in real estate with less than $100,000!

 

Real Estate Opportunities Too Many Investors Miss Out On

When it comes to investing your money, one of the hardest decisions to make is where you’re going to put it. Whether you decide to dive head first into the stock trade, or you’d prefer to play it safe and stick with a savings account, there are pros and cons to just about every option. However, there are some which come with more benefits than others, and few are better than real estate.

It’s a fairly well-known fact in the investment world that property is one of the very best forms of investment out there. It’s often an incredibly secure investment and thanks to the current state of the property market, more and more people are renting instead of buying properties. crane-kamau

The reliability and potential profit involved in real estate make it one of the most tempting choices out there for both new and experienced investments. However, even those with a strong grasp of real estate investments can still end up missing out on some fantastic opportunities.

Whether it’s through inexperience or a lack of awareness of the options that are available to them, here are some of the most common real estate opportunities that far too many investments and up missing out on.

Fixer-uppers

Most property investors try to focus on finding properties that they can turn a profit on right away. The reasons behind this are pretty understandable. After all, the less work that you have to do to make a property habitable for tenants, the easier it will be for you to start earning money on your investment.

However, this often means that you’re going to have to make a pretty significant upfront financial commitment right away. Sure, this can be totally fine if you have the money to cover those costs but otherwise, you could be in something of a difficult situation.

However, you want to save money on your initial investment then why not think about buying a home in slightly worse condition? Sure, there is going to be a fair amount of cost and effort involved in improving that property and bringing it up to scratch, but it is a great way to spread the costs out and find a potentially fantastic property that might have been overlooked by other investors.

Up and coming areas

The area that your property is in is often just as important as the property itself. Of course, the obvious attitude that many investors take is that a more affluent area is going to be a better bet for properties that will bring in higher returns.

However, that’s often something of a short-sighted attitude to take. For one thing, more affluent areas will generally have more expensive properties which will increase your initial investment, whereas you’re much more likely to find a great bargain when you look in areas that don’t have quite such high reputations.perfect-property

Some of the very best places to look when you’re trying to get the best possible deal on your investment are areas where the house prices aren’t especially high, but there is a decent amount of interest cropping up.

By getting in on the ground when it comes to properties and certain areas, you’re going to be able to find a property that’s a genuine bargain, but that you can make a seriously decent profit on in the future.

International investments

One of the most common mistakes that a lot of property investors make is that they forget that there are opportunities outside their own borders. Sure, there are a lot of conveniences to only ever buying and renting out properties in your own country.

For example, you don’t have to deal with language barriers or any added legal complications. However, the benefits that can come from investing in overseas properties can be incredibly significant.

One of the most obvious of these benefits is the fact that many overseas properties are incredibly cheap. If you head over to a site like http://rumahdijual.com/balikpapan/perumahan you can see just how much of a bargain many of the properties there are.

This means that you’re going to be in a much better position to invest in multiple properties and really diversify your investments. Not only that but by looking further afield, you’re going to be in a position where you have much more choice over what kind of properties you’re after.

Rather than fighting with other investors in your home country, looking internationally opens up a whole new set of options for you that you might never have even considered before.

Commercial properties

When investors are looking for properties, whether they’re looking to flip a property or simply rent it out to a tenant, they tend to only ever think about residential properties. Now, residential properties are fantastic but only ever using those options is putting yourself in something of a limited position.

The truth is that there are plenty of options other than residential properties that you might want to consider investing in. One of the best options is to invest in commercial properties.

Sure, there are some extra details and complications that can come with renting out residential properties but it also comes with a large number of benefits. One of the most common is that you’re much less likely to have to worry about finding replacement tenants.

Commercial tenants often stick around for much longer periods of time. While residential tenants might have their lease run for six months to a year, commercial tenants tend to work in periods closer to five or ten years.

An empty property is worse than useless to a real estate investor, so anything that you can do in order to limit the chances of that happening is a plus.

Sure, part of the reason that these aren’t the most popular choices for many investors is that they involve slightly different approaches than the more common real estate opportunities, but these kinds of options can often be incredibly lucrative.

Not only that but because they are so often ignored by other investors you can get great deals on them because of the sheer lack of competition. They’re not necessarily always going to be the best options for you in terms of investments, but having more options available to you is never a bad thing.

 

Why Real Estate Will be a Positive Investment of Any Business Person’s Future

When people ask why you got into the business game in the first place, chances are that you intended to secure a positive financial future for yourself and your loved ones. After all, that’s where all of your profits go, right? You want a nice home, a comfortable lifestyle and access to everything that you might want or need as time goes on. real estate

You also want a comfortable retirement, where you can enjoy yourself and won’t have to worry about how you’re going to afford your home, bills, and food. However, owning a business doesn’t necessarily guarantee and secure this for you.

We are all well aware of how the marketplace can fluctuate, taking out some of the most unlikely big name companies in its wake. So, you’re going to want to have as many sources of income as possible, right?

This will help to keep you stable, even if your company experiences hiccups down the line. A good place to start? Real estate. Here’s everything you need to know about what could be your next biggest investment.

Why Invest in Real Estate?

Getting involved in real estate can become much more than simply buying a home. You can use real estate as an investment opportunity. You have two options. First, you can buy a property to let.

Having purchased the property, you rent it out to a tenant. Their rent installments will eventually cover your original costs and you will then continue making a monthly profit down the line. Second, you can purchase a property and then sell it on for a higher price. Either way, you are likely to make a profit from your investment.

How to Get Started

So, if this sounds good to you, where do you start? Many people will have one big question to start with: Do I really need a realtor? Well, a realtor will help you to buy and sell real estate for profit.

Many standard estate agents get a bad rep and often for good reason. They are apt to mis-sell properties, exaggerate benefits and sweep problems under the carpet. A good realtor, however, follows a code of ethics that will see you get the best deal when investing.

They pledge to put the interests of buyers and sellers ahead of their own, resulting in happier deals on both sides of the transaction. They also refrain from exaggerating, misrepresenting or concealing facts about a property.

In short, using a realtor is an extremely good idea. It will ensure that your tenants or buyers have a high level of trust in you as a landlord or seller.

Should I Refurbish a Property?

When you first purchase a property with the intent to sell or let, it is essential that you carefully examine not only the property that you have purchased but also others that are currently up for sale or let in the area.

This will allow you to see where you can make your property stand out on the market and draw buyers to your property over another. Sometimes it will be most profitable for you to leave the property as it is.

However, occasionally refurbishments can add a whole lot of value to the building. Consider loft conversions, extensions and the installation of extra bathrooms.

Once you’ve completed all of these steps, you will have an extra source of potential significant profit in your life. Not only can you rely on your business, but you will have your real estate investments to fall back on too! This will make your future as secure as possible.

Important Investment Advice To Make The Best Return On Your Money

business-ideaThere are many reasons that people chose to invest their money. Some folks like the thrill of the game. Others enjoy knowing their cash is working hard for them.

But everyone that invests shares one common goal, that is increasing their wealth. Which begs the question how should you invest to ensure you maximize this? Read on to find out.

Bonds

First of all, let’s look at bonds. These are when you the investor lends money to either the government or a commercial company, who will then pay it back with interest. However, they are not the same a fixed rate saving bond. As this is basically a saving account that you hold over a certain length of time.

Bonds are lower risk than stocks and share, but they are still linked to the markets. That means the return you can make on them will vary depending on the interest rate.

Also when buying bonds, it’s a good idea to look not only at how much they cost but also the yield rate. This is the percentage of the original price you paid for them that you will get back each year that you hold the bond (that the company has your money). Obviously the higher the yield rate, the better the return.

Property

The next is you may wish to consider investing in is real estate. The property you chose to put your money in could be a mountain cabin, an urban apartment, or even a commercial property.

But before you part with you hard earned cash, you must know what you plan to do with the property you invest in. This is because it may be economically sound to buy property to let as a vacation home in some areas, but not others, and you need to make sure that you will get a decent return on your money.

Stocks and Shares

Stocks and shares are probably one of the most famous ways of investing money. However, whether they become profitable for you in the long term is related to many different and complex factors.
In simple terms, a stock is when you buy a small share in the company. This can be held on to or resold as you see fit. Of course, the price that you get when you resell depend on how well the company is doing, how good their reputation is, and how stable the market in which they are operating is.

As well as many other factors such as whether they have been part of a recent merger or hostile takeover.

Most people see stocks and share high risk, but many investors have proved that as long as you invest money that you can afford to do without for a long time, you can usually play the waiting game to your advantage and come out in profit.

The exception to this rule being penny stocks which are more high risk. Although this hasn’t stopped some people making a fortune in quick time by investing their money wisely in this area.

 

Is A Rural Property A Good Investment?

When you are buying a house, you need to be ruled by your heart as well as your head. It makes sense that you want your house to be a good financial investment. It is a huge purchase and will tie up a large part of your capital.perfect-property

It is perfectly reasonable that you want this very important asset to rise in value over the years. It is true that the property market can be volatile in some areas and it has seen some major fluctuations over the last couple of decades.

However, as a long-term investment, property is still a good place to put your money. If you look ahead a few decades, it is very likely to have increased in value.

What if your heart is telling you that a move to the country is best for you? If your physical and mental health would benefit from moving out of the rat race of inner city living, you may be looking at mountain homes for sale on websites right now and dreaming of that clear mountain air.

This may be good for your soul and your spirit but what will it do for your wallet?

Investing in a rural property

You don’t often see the huge price hikes in rural properties that you see in the inner city and suburban areas. There tends to be a ripple effect. Prices fall and rise in cities and it takes a while to filter through to the country. This can give you some more stability.

There are always people who want to live in the country so you will be able to sell your home should you want to. It just may take a little longer. You are also going to get more for your money.

You could get a big 4-bedroom family home with a large garden and lots of local amenities for the same price as a downtown penthouse apartment. It is up to you to choose which appeals to you more.

Can you afford to live in the country?

If you work in the city, a move to the country is going to impact you financially. If you give up your job, you may not be able to get such a highly paid position in a rural area.

Could you take your job with you? Is there any scope for you to work from home for a few days a week and then stay over in the city for a few days as well?

The other option is to commute daily and there are pitfalls associated with this. Obviously, there is the time that it will take. You also have to factor in the cost and the inconvenience. The weather can be harsh in some rural areas and there may be occasions when you simply cannot get to work.

Country properties are often spacious, beautiful and have stunning views. If you are into hiking and outdoor sports then it could be the perfect location for you to live. You just have to work out if your finances are in place.

 

What Does a Smart Property Investment Look Like?

So, you’re new to the property investing game. It’s an interesting time to be getting involved, but there is still money to be made. However, that’s only the case if you find a property that clearly presents itself as a smart investment option.real-estate-investment

There are plenty of duds out there. It’s your job to seek out the investment properties that offer you a clear opportunity to pull in the cash and make some money. Here are some of the things you will need to see in your investment property.

A Location with a Future

First of all, you need to think about the location of a property. There is no sense in buying a property in a location where the house prices are currently falling. They might keep falling, and if there are no reasons why that trend might turn around, you will end up losing money on your investment property.

That’s a real rookie error, and one that you need to be very careful not to make. The location of the real estate you buy should be set in stone for you before you even start browsing properties. That way, you can be sure that you’re buying in the right area at the right time.

Something Unique

There should be something unique about your property if you want it to attract buyers. This is a difficult one to balance, though. You don’t want it to be so unique that it turns a lot of people away.

But you don’t want it to be too conventional either. There should be some key features that make it stand out and enhance its appeal. If you can make that happen, selling the home at a profit should become a lot easier for you than it would otherwise be. So, keep your eyes peeled for a home that grabs you for whatever reason.

A Clear Target Buyer Jumps Out

You should have a clear idea in your mind of who is going to buy this property from you. It’s not always clear, but if your home has a clear reason to appeal to a certain type of person, selling it will be much easier.

For example, if a home is in an area with one of the region’s best schools at the end of the road, then it’s clearly going to appeal to parents with a young family. And there are many other examples of reasons why certain homes will be appealing to certain people, so try to keep this in mind.

Room for Improvement

There should always be room for improvement in the home that you invest in. If the home is already perfect then it won’t make a very good investment property. There should always be scope for you to make improvements and increase its value in some way.

If you can make that happen, you will be able to increase the home’s overall value and make sure that you make a clear profit on the home. Make sure you keep this in mind when searching.

 

 

Property Developer Strategies: The Sinking Market

Property development and real estate are fickle businesses. One minute, you can be on the top of the world and feel like nothing will ever bother you. Your business is booming, your portfolio looks fantastic, and you couldn’t be happier. Then the next day, everything is crashing around you.

There is an element of property developing that is always going to be dependent on a factor you can’t control: the economy. House prices are one of the biggest indicators of whether or not an economy is doing well. If they begin to sink, it suggests a lack of consumer confidence, meaning that storm clouds are gathering on the horizon.property

So when you are a property developer, there is an element of your business that is totally outside of your control. You are subject to the changing winds of a major economy, and there’s not much that you – personally – can do about it.

If you’re already trying your hand at property developing or are still at the point where you’re searching for new condos to pique your interest, then it’s worth having a plan in case the economy begins to show signs of strain. What do you do when prices are crashing but your entire business is built around making a profit off the sale of real estate?

Option One: You Wait It Out

The best property businesses have a contingency for this kind of scenario, in case of a delayed sale for any reason. It’s always a sensible way to structure your finances; if you plan for an immediate sale, then you are immediately vulnerable. It’s always wise to factor at least three months of extra expenses for running the house (such as the mortgage / taxation you may be liable for).

In the worst case scenario with the national economy however, you might find yourself waiting for a lot more than three months. Waiting this out is probably the wisest move, but that depends on you having the funds to do that. If you don’t, then it’s time to move on to…

Option Two: Sell and Run

Prices might be bad right now, but what if this is just the beginning of a downward slope? If the signs are bad, then it might be best to break your investment early and get out before things get even worse.

This might mean losing money, but what you need to figure is whether this move will stop you losing even more money in the future. If you suspect the blip is just a temporary problem, then this is an extreme course of action – but if the signs are that the economic problems are global, then it might be time to cash out.

Option Three: Proceed As Normal

Even when prices are down, people do still buy and sell houses. Any good property investments business will have a margin; obviously you want to make the most money as possible, but reducing your sale price (while still keeping a healthy profit margin) is something a well-structured business can survive.