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Before we start, you need to know onething: it is easy to make a bad investment. All investors have done it at some point picked a property believing it to be a sure thing, only to fall into negativeequity when the property does not produce enough rental income to pay off themortgage. It is nothing new, but you can now prevent it. And the key to overcoming a bad property investment? Knowledge. It is important to develop an awareness ofyour market; an understanding. Above all else, you need to acquire the righttools to make your property investments work. Would you believe that the majority ofinvestors pick the wrong properties? That the types of properties you wouldgenerally think would generate you an instant high profit are in fact the wrongones? Its true. But it doesnt have to be this way. If youre interested in building up aportfolio in the private rental property sector, there are a few simple tipsyou can follow that will make a real difference to your investments: · Invest for the long term tempted tobuy, do up and sell? Dont. In fact do the opposite buy to rent. No matter yourage, part of your portfolio should be allocated to investment growth. This ensuresthat when the property market fluctuates which we know it will you canbenefit from the rapid increase in house prices, whilst establishing an easytenancy. You also need toplan ahead. Selling a property may give you an initial profit, but throughbuy-to-let, you will always have a tenant waiting to feed your income. · Research know your investment market.The common mistake many property investors make is not knowing the real valueof their property. They invest without thinking, purely on the belief thatproperty equals profit. They forget that by picking the wrong property, theycould lose out on money. So check yourtenants criteria. See if there is a rental demand in the area. Run over thefigures and do the maths. Plus make sure that there will always be a positivecash flow from your property investment. If its monthly income falls below£500, move onto the next property and start afresh. · Diversify most property investorsfocus on the residential market. After all it is currently worth £500 billion,but there is more to the property market than following the traditional route.From commercial properties to single and double let, you can now even invest inhotels! And consider themarket abroad. It may feel far away, but take a look at the papers. Daily thereare reports of falling house prices in the US,Spain and Australia. Andwith many house prices falling at 40% below value, you too could gain easyprofits and take advantage of their non-existent stamp duty. Just make sureyou do not put all your pennies into one pot. To invest in one property aloneis a risk, especially if the property falls through. So expand your propertyportfolio and broaden your investment horizons. · Start off small if youre buying intoreal estate, start by investing in properties that are smaller and moreaffordable to begin with whilst ensuring there is a tenancy market to sustainit. Be wary of putting all your money into one large property. You could make amuch larger sum of money by placing your investments within a range of options. Make property investment your ally. With a little hard work and an open mind tobegin with, you too could soon be feeling the benefits of the current propertyrental market and be making an easy profit of over £500 per property, permonth. Its simple.
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