This is the 3rd story in my ongoing post on Real Estate Investing. If everyone’s saying that real estate market is poised for a recovery, it’s time to invest, how do you invest if you are doing it for the first time?
Perhaps a no-brainer answer to that would be – Monitor the Market! If you want to get something, anything, for a good price, there is no substitute for labor and dedication. It is essential to be “in the market”.
What does it mean to be “In The Market”?
You can be “in the market” by constantly monitoring property transactions in your area and keeping a keen eye on changes.
Price, Price, and Price Again!
One of the biggest news going around my country, Singapore, these days is that the property market is heading for a recovery. Here is my two cents’ worth on bargain hunting property for investment in the Singapore property context.
Now that you are excited by the prospect of a property market upturn in the next year, you may be wondering, “Is now a good time?”
Whether you are buying a property for the first, second or third time, a property purchase is always likely to be one of the biggest financial decisions you will make. Buying a property at the wrong time is financially painful. It results in a long-term burden for you, worry over finding potential tenants, endless frustration and sleepless nights.
For an investor, buying the right type of property that meets your criteria is important. Success in the property market is mostly based on the timing of your entry.
Hello, and welcome if you are new here! On Joyful Dividends, I blog about my passion for personal finance, investing and how joyful dividends enable me to live a life that is location independent and on my own terms. I am mostly based in Ho Chi Minh City, a young and dynamic place in South East Asia which offers a very good lifestyle for the adventurous.
Today, I am starting a new series on investing in real estate. Buying a house, how to buy a house at a young age and what is real estate investing is a topic I am often asked. Whether you are planning on buying a house at 25, buying a house at 27, or at any other age, it is a big deal.
While most people would purchase their first house to live in, maybe you can consider turning your first home into an investment property. While many people only start investing in real estate in their late 30s or 40s, you can start much sooner than you think. I’ll explain why getting your hands dirty in real estate investing early is something you should consider.
Turning Your First Home Into An Asset
In the aftermath of the subprime mortgage crisis, many people are uncertain about whether buying a house will pay off. One way your house purchase can pay for itself is to rent out the first house you buy. By turning your first house into an asset that creates income, you can overcome your imperfect credit and imperfect lifestyle. All it takes is a dose of cleverness and real estate homework.