Let’s face it, as 2013 dawns up on us, we’re
all here for the same reason; to learn about property
investing from other investors and to hopefully improve
and grow our own property business. (more info on
exactly how to do that at the end of this article…)
Every year around this time people from every walk
of life, like to reflect on what practices worked
for them during the previous year and look forward
with new goals for the coming year. With that in mind
we thought it would be helpful to propose some property
related goals for 2013 for investors of any level.
(Go somewhere quiet & pay close attention ;- )
New
Year’s Property Resolution #1: Invest
in Something (more specifically property!)
For the novice investor this may mean taking that
leap of faith and buying their first property investment
to rent out. For the seasoned investor it could mean
trading up to a large mixed use or multi-unit property
or commercial unit.
It
doesn’t matter if you plan to BRR (Buy, Refurbish,
remortgage) or BFF (Buy, Fix, Flip), most investors
know that the best way to succeed is to keep identifying
opportunities and purchasing the right kinds of properties
and at the right price.
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Register to listen in as the UK’s most prolific
contrarian Property investor reveals his “Top
7 Property Predictions & Early Mover Opportunities
for 2013”, on THIS online event: REGISTER
NOW
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New Year’s Property Resolution #2: Refinance
A Property
For those of us who already own several properties
maybe this is the year you take advantage of historically
low interest rates and refinance a property. Cheaper
debt service equals greater cash flow so refinancing
is another way to increase your bottom line that doesn’t
require acquiring new properties.
Or
those of you who are savvy, can refinance & remove
your initial deposit and invest it in another cash-flowing
property and repeat the process creating an infinitive
ROI.
New
Year’s Property Resolution #3: Build/Improve
Your Power Investing Team
This could be a goal for a seasoned investor or someone
who has yet to make their first purchase. Putting
together a power team that includes refurb contractors,
letting agents, mortgage brokers, surveyors, smart
tax accountants that you can use as resources to get
opinions and analysis will exponentially increase
your odds of succeeding as a property investor.
If
you already have a team then take a few minutes to
evaluate them and see if an alternative, better option
exists.
