subject: Safe Property Investments – 20 Questions You Need To Ask? [print this page] Are you looking to buy a property? This could mean a commercial or a residential property investment. Is this your first property investment? I do understand you could also be a seasoned investor with a few properties under your belt. Think of this, how would it be to own a property, where someone else pays you every month and looks after your mortgage repayments, and you still are left with enough to plan the next property investment. Well, this how it should be.
Most investors own a property on papers, with no money to left to look after their property, this make little sense. A steady income cash flow from your property investment makes it better. This is like, where someone else carries the heavy load for you, by looking after your property also paying you. This kind of an investment will make you feel at ease, and ensuring your financial stability. This kind of an investment also gives you an option to sell your property for profit at a later stage, where you pocket all the cash flow generated for years, and the profits margins your property has escalated to. This is the strategy most people have followed to gain wealth in real estate. You can also achieve this financial freedom and living like a millionaire, which most people only aspire to live.
Here is a list of the questions I need to know myself before I invest in a property.
1. Is this the best time to buy a property?
2. Is this investment a high risk or low risk investment?
3. Is the property ready for possession or will I have to wait?
4. Dose the property require any repairs / maintenance?
5. What kind of a property should you invest in considering your financials?
6. What would be your involvement in the property, other than making an investment?
7. Are you looking for an income producing property or a property that will grow in value?
