Does owning or buying multiple properties mean you’re an expert property investor? Your thoughts on this my dear readers and fellow bloggers.
Honestly we can’t tell whether a potential buyer is a well-to-do or an experienced buyer/investor from his home address. Some of my friends have built a great property portfolio for rental income but still prefer to stay in their ancestral houses, made of wood thirty something old in existence . Similarly people who have bought condo, properties are not necessarily good property investors. So how can we tell if they’re a savvy property investor? Am giving you at least three things to look at for you to determine in a flash if they are one of them.
- Primarily they owned a portfolio of investments that generate high traffic cash flow.
- Live on Rental Income Capital or RIC which is also the capital appreciation of their properties and have already achieved numerous financial freedom for a longer period of time.
- They think, study and buy only properties which are below market prices/value or those that has low bank valuation and knew right from the start the tenure they wanted to hold it till they sell it for a greater return.
The next time you buy a property, think and decide like an expert property investor for you to get the best and longest terms of engagement favorable to you and your lifestyle financial capacity.
Savvy is for the multiples, Practicality is for the wise. – Paquito