By William king
When it comes to investing in property there is no right time or wrong time, anytime is good when investing in property. The market is so wide and high that it is always possible to find some value in there. It can be easier or harder to find value depending on the state of the market but it is always there. There is always some sort of property that has been in neglect, disrepair, or simply has motivated sellers that must make a sale. Properties such as these make for a great buy at any time no matter the state of the market. Another thing to remember is that the Real Estate market moves in cycles. It never stays low or high for too long. Eventually things reverse and go back to the way they were in the previous half of the cycle. With a little bit of knowledge you can come close to predicting the cycles and making a killing in the market. The market is also unpredictable with the leading experts unable to always buy low and sell high. Most of the time it is just educated guesswork that may or may not work so you there is no point in waiting for the ideal time to invest in the market.
The Real Estate investor that always makes money is the one who makes it a habit of buy and hold. While it is true that their money is tied up it is equally true that a sluggish market or slow economy does not do them any harm. They simply have to hold on to the property and eventually when the upside of the cycle comes around they can sell it off. In the meantime they can continue to make money by renting or leasing such property. “Buy and hold” investors are very patient and they usually have more experience watching the market than short term investors. This means they are that much better at predicting the cycles. They know when they can expect peaks and valleys and they can plan their actions accordingly. They are much better at reading the signs and making the right buy or sell decision. Being active in the market for a long time also means that they have a thorough knowledge of what is available where, and they can move in and get working.
The Real Estate market is currently going through a sluggish period all over the world, apart from a few spots like Dubai and some locations in China. This turned out to be bad news for those investors who thought that the market will continue to go up indefinitely. The good news here is that since the prices are falling down it is the right time to buy. You cannot wait too long or the cycle may reverse again by the time you are done deciding and you will pay more than you ought to.
If you are looking to buy ownership property instead of investment property then there is no point in looking at the market condition. Just go ahead and buy.
By William king
By Philips McTaggart.
Nicotine, caffeine, & alcohol. These are the three big ticket items that can break your budget, but many people are willing to pay for them no matter the cost. Maybe your personal indulgence isn’t as costly, but whatever your weakness is, sit down and do the math to determine how much you’ve been spending.
Cigarettes: burning money
Without a doubt, everyone knows the dangers of smoking and the long-term health hazards it can lead to, so who needs a better reason to quit? A lot of people! The desire to quit may not be enough. But what about your finances? You’ll pay more for health care and insurance as well as spend more money on dry cleaning and teeth cleaning, not to mention the lower resale value of your house and car. In some cases, you can even lose your job! If you’ve got debt that you’re committed to pay off, this is one area where you can save. If you pay an average of $4.50 per pack to support a pack a day habit, you burn through $31.50 per week, or $1,638 per year. If you can get through the detox, you could take the money and pay off debt, go on that long overdue family vacation, save, or invest it.
Caffeine: what’s the entire buzz?
A cup of coffee brewed in your own home is not the problem here. It’s the expensive specialty coffees that you pick up on your way to work every morning. According to E-Imports, a leading provider of espresso business solutions, specialty coffee sales are increasing by 20% per year and among coffee drinkers, the average consumption in the U.S. is 3.1 cups per day. It’s easy to figure out what you spend on coffee every month and multiply that by twelve. Again, imagine what you could have saved.
Alcohol: the savings may be sobering
Whether you drink socially at a bar with friends on the weekend, or enjoy a good bottle of wine with dinner at home, the cost can really add up if you indulge on a regular basis. Lets say your bar tab of two beers per day at $4 adds up to $56 per week, or $2,920 annually. If your budget is out of wack, it is certainly a luxury that can and should be eliminated.
After looking at the numbers, hopefully you may find renewed motivation to cut back, save, and improve your health in some cases.
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