Investing in property option #1: Buy at auction
at auction is a great way to pick up a bargain.
To ensure you buy the best on offer at auction, ensure you check out the property well before auction day. You also need to work out how much the property is worth so thorough research is required.
Buying at auction can be lucrative, but if you don’t have sufficient knowledge about property, you may end up overpaying.
Investing in property option #2: Buy a house in need of renovation
Buying a rundown property is another way of getting your hands on a bargain. But to do this successfully you need to have enough time and money to take on a project like this.
Unless you have a lot of time to dedicate to this type of project, it’s perhaps not the best option for you.
Investing in property option #3: Look for undervalued property
This means searching the property market for any gems. Ideally you want to find an owner who’s in desperate need of a quick sale.
You want to buy for less than the property is worth. Patience is key here.
Investing in property option #4: Buying in a new development
New developments can be a good option to consider. You have to put very little money down to secure a property and you’ll have the peace of mind that the property won’t require any costly maintenance.
But, beware. If a lot of other people are buying to rent out, this could affect your chances of finding a tenant quickly.
So there you have it. Four ways to invest in property.
*********** Hot off the press ************
Become a master property investor in just 90 days… Or your money back!
As a FSPInvest.co.za reader, you’re probably familiar with SA’ most successful penny share investor, Francois Joubert. Over the past few years, he’s made quite a name for himself as the ‘go to man’ in the penny share arena.
But what you might not know about Francois is that he’s always been intrigued by the power of passive income from property investing.
So much so, that Francois made his first rental property investment at age 23.
Since then, he’s already earned thousands of rands from his property investments without lifting a finger!
“I’ve always known that I’d make more money, more quickly, if I found someone to teach me the ropes,” says Francois.
And that’s exactly what he did!
His one mentor built a multi-million rand empire by investing in undervalued apartments and renting them out – effectively getting other people to pay off his investments. And from this guidance, Francois started to develop his own strategies.
Today, Francois wants to share what he’s learnt the hard way with others looking to start their own property investment empire. And that’s exactly what he does in Become a Master Property Investor in 90 Days.