Send a Message
to armentiselle

Comments

2

Joined

Mar 8, 2014

armentiselle Profile

Forums Owned

Recent Posts

Toronto, ON

Westhill Consulting British Colombia, Hong Kong, Jakarta,...

Five things you must Avoid while investing in real estate Real estate investing has given mind-boggling returns over last 10 years. However one should be careful while investing in real estate. Here are some useful tips that can help you be a sane investor in real-estate. In that respect, our personal finance management is not distinct either. A number of aspects in our everyday financial matters involving loans, investments, taxes, credit cards, etc. are directed by some definite rules. Let us learn about some prohibitions that is, things we must not do while investing into real estate. 1. Say NO to very frequent switches in properties: People tend to sometimes trade with the real estate investments. Rather than retaining property after purchase, people buy/sell them too often. This high frequency of trading can prove to be worthless. Wondering how? There are no tax benefits retrieved whenever property is sold in a short period of time. 2. Do not invest into an unfinished property: Delay in the complete construction of property is an instance that is too common to happen and is seen often. Postponing the property’s date of completion has become an industry norm that keeps repeating on a frequent basis. 3. Do not broaden your budget too much: Property purchase can cost you a lot, really a lot. It involves not only putting in all the money saved till date as down payment, but also paying a huge portion of our income as monthly EMI for years to come. 4. Avoid too much investment in real estate: Most of us are big fans of property, gold, or big bank deposits. We generally overlook asset classes such as bond funds and equities. Also we have many misconceptions about investments in property. 5. Don’t jump into real estate investment before seeing your big picture What generally investor considers before investing in a property? Their repaying capacity, loan eligibility and property details… Is this enough? This may not be enough. Because of this additional property investment, your money is getting locked.  (Mar 15, 2015 | post #2)